#Laogao E-commerce Newsletter# [E-commerce Morning News on September 18]

　　#Laogao E-commerce Newsletter# [E-commerce Morning News on September 18] Taobao President Jiang Fan: For the new version of the information flow homepage, Taobao has comprehensively upgraded its recommendation algorithm; JD Finance has changed its name to "JD Digital Technology", official: It reflects the company's positioning; Hema Fresh disclosed its business data for the first time, with an average daily sales of stores over 1.5 years and more than 800,000 yuan; Taobao: New users in August increased by 88% compared with the same period; Three Squirrels announced that they entered the beverage industry and released two new products...

　　E-commerce newsletter:

　　1. Taobao President Jiang Fan: For the new version of the information flow homepage, Taobao has fully upgraded the recommendation algorithm

　　At Alibaba's 2018 Global Investor Conference, Taobao President Jiang Fan introduced the progress and achievements made in Taobao's content strategy to investors at the meeting, and focused on the reform of the information flow on Taobao's homepage on mobile phones. Taobao has comprehensively upgraded its recommendation algorithm. With the help of the power of refined operations, it enriches and expands the single judgment dimension of "consumption behavior" into consumption scenarios. Recommendations covering factors such as life stage, consumption needs, and interest preferences will be more accurate, more humane, and more efficient. (IT era)

　　2. JD Finance renamed "JD Digital Technology", official: more reflecting the company's positioning

　　"JD Finance" official Weibo, Toutiao, and Douyin changed their name to "JD Digital Technology" on the evening of the 17th. JD Finance said: "We believe that digital technology can better reflect the company's positioning, so on the new media side, try to communicate with the industry and users with the name "JD Digital Technology". According to people familiar with the matter, JD Finance has actually completed structural adjustments. On the basis of retaining financial business, the company will position itself in digital technology and transform into data services, financial cloud, smart cities and other fields. (Sina)

　　3. Taobao: New users in August increased by 88% compared with the same period

　　Jiang Fan, vice president of Alibaba Group and president of Taobao, introduced at the 2018 Alibaba Investors Conference that Taobao's new users increased by 88% in August this year compared with the same period, which is also the highest point in the growth of new users since Taobao announced the "All in Wireless" strategy in 2013. Data shows that in the past year, Taobao’s overall user scale has achieved rapid growth. In March 2018, the monthly active users of China's retail platforms reached 617 million, a net increase of 110 million from March 2017. (All-weather technology)

　　4. Three Squirrels announces entry into the beverage industry and releases two new products

　　On September 17, the 2018 "917 China Nut Health Week" opened in Wuhan, Hubei. Zhang Liaoyuan, founder of Three Squirrels, released two new beverages at the meeting. This is also the first time that Three Squirrels have entered the beverage industry. According to information released by Zhang Liaoyuan, the "2nd Brain" is a mixed nut compound protein beverage product. There are currently two models, one is mixed nut coffee milk and the other is mixed nut fermented milk. Both products are jointly with internationally renowned institutions and have completed research and development in two years. They will be launched in this year's Laba Festival. (Yibang Power)

　　5. Hema Fresh disclosed business data for the first time, with an average daily sales of stores exceeding 800,000 yuan in more than 1.5 years.

　　On September 17, Hema Fresh, the "No. 1 Project" of Alibaba's new retail, made its first appearance at the Alibaba Investor Conference and released the operational data that has always made the industry curious for the first time. According to the data disclosed this time, as of July 31, 2018, Hema has 64 stores nationwide, distributed in 14 cities, serving more than 10 million consumers. In terms of turnover and profitability, Hema's store's average daily sales of more than 1.5 years have exceeded 800,000 yuan, and the single store's square footage efficiency exceeds 50,000 yuan, of which online sales account for more than 60%.

　　Refer to Walmart, the world's largest global chain. In 2017, Walmart's total turnover in the Chinese market was 80.2 billion yuan, with an average daily turnover of 219 million yuan. However, in 2017, Walmart had a total of 441 stores in China, which means that the average daily turnover of each store was about 490,000. (Titanium Media)

　　Internet information:

　　6. Qutoutiao's stock price opened high and closed low, and closed 41% on Monday

　　In the early morning of September 18, Qutoutiao (NASDAQ:QTT) stock price opened high and closed low today, opening at $17.22, up 8%, and then fell all the way. As of the closing, Qutoutiao was $9.41, plunging 41.08%.

　　Last Friday, Qutoutiao was officially listed on the Nasdaq with the stock code "QTT". It opened at $9.10/ADS, up 30% from the issue price of $7. Within half an hour of listing, due to the excessive increase in the number of circuit breakers and the market value doubled in a blink of an eye. At the close, Qutoutiao's price per share was US$15.97, an increase of 128% on the day, and its market value reached about US$4.6 billion. (Titanium Media)

　　7. Toutiao responds to entering the mini program: I hope to serve different needs of users

　　On September 17, Toutiao was revealed that it had conducted internal testing of mini programs, and may become the fourth Internet platform to enter mini programs after BAT. In response to the above rumors, Toutiao responded that it hopes to provide richer and more valuable services to users with different needs. It was learned from people close to Toutiao that Toutiao has always attached importance to the incubation progress of mini program projects and has not yet confirmed whether the internal test has been completed. (Tencent First-line)

　　8. It is said that Didi Takeout intends to switch to overseas, but Didi official will not comment

　　On the evening of September 17, media reported today that Didi Takeout's domestic opening plan was postponed and may intend to switch to overseas markets. Didi official declined to comment on this.

　　In December last year, Didi was revealed to be testing the takeaway business, which was seen by the outside world as one of Didi's counterattacks on Meituan's entry into the taxi business. On April 1 this year, Didi Takeout was launched in Wuxi and entered Nanjing, Taizhou, Chengdu and Zhengzhou successively. (Titanium Media)

　　Cross-border e-commerce:

　　9. Embrace the digital market Hermes plans to join JD or Tmall

　　On September 18, Hermes CEO Axel Dumas recently revealed that on October 17 this year, the official website of Hermes Chinese with a brand new online shopping function will be officially released. Although Chinese consumers still cannot buy Birkin or Kelly handbags online, other products from the brand will be available online. It also stated that in order to attract traffic to the official website, the brand intends to cooperate with Alibaba's Tmall luxury goods platform "Luxury Pavilion" Tmall or JD's "Toplife" platform, "but it must be carefully discussed, and we must have strict controls on product selection, display, pricing, etc.." (E-commerce News)

　　10. Respond to employees’ alleged bribery accusations

　　On September 17, foreign media recently reported that some Amazon employees took bribes in exchange for merchants' economic rewards by using Amazon's internal information and operational rights as bargaining chips. Amazon responded to this. Amazon said that at present, Amazon is conducting a thorough investigation into the relevant allegations. It emphasizes that a zero-tolerance strategy is adopted for anyone's illegal access to company information. Once discovered, Amazon will take immediate action, including termination of sellers’ sales accounts, deletion of comments, withholding funds, and taking legal action. "At Amazon, we have developed strict internal policies and procedures, and every employee must abide by business conduct and ethical principles. We use a series of internal systems and processes to control and review employee access to information. We require employees to use extremely high ethical standards. Any violation of information disclosure standards will face punishment, including firing, and may be held legally or even criminally liable." Amazon said. (By AKA 7MA)

 Click to register to apply to join the well-known domestic e-commerce network - Laogao E-commerce Club. Any merchants from all over the country, Tmall merchants, Taobao Crown Store, Jinguan Store, and other e-commerce platform merchants can apply to join!

,