#Laogao E-commerce Newsletter# [November 19 E-commerce Morning News] Facing the final battle with Yu'ebao, WeChat Pay has finally opened public beta; Wumei Zhang Wenzhong talks about retirement: I can't withdraw if Alibaba has a market value and a successor; in 2017, the transaction scale of China's fresh food e-commerce market exceeded 100 billion yuan for the first time; British retail companies are in a wave of bankruptcy, and 14 stores are closed every day; Yu Minhong apologized for the forum: It has not been expressed well, which has caused misunderstandings...
E-commerce newsletter
1. Facing Yu'ebao head-on, WeChat Pay's major upgrade has finally opened for public beta
Alipay has good payment functions and WeChat has strong social functions. Both sides want to achieve the best of both worlds and have never been very successful. Recently, a new product of WeChat, "Chang Qiantong", has finally opened public beta: users can use the change in WeChat wallet directly for WeChat payment, and at the same time they can obtain financial management benefits, which is almost "exactly the same" as Yu'e Bao's function. At present, Changqiantong has connected to money funds such as E Fund Fund Yi Financial Management, Southern Fund Cash Tong E, Jiashi Fund Cash Tianli, and Huitianfu Quanyibao. (Chuangyebang)
2. Zhang Wenzhong talks about retirement: Alibaba has a market value and a successor, but I can't retire.
Recently, the "Looking at China" high-end thought forum was held at Tsinghua University. During the 11-year night talk, Alibaba Group CEO Zhang Yong, Wumart Group founder Zhang Wenzhong and others participated in it and expressed their respective views on the "Future of China". Zhang Wenzhong said, "Jack Ma retired, first of all, because Alibaba already has a market value of US$500 billion; secondly, it has a good successor Zhang Yong. But Wumei has not yet, so I can't retire." (Sina Technology)
3. In 2017, the transaction scale of China's fresh food e-commerce market exceeded 100 billion yuan for the first time
On November 19, the "Fresh Food E-commerce Development Trend Report" recently released by the Shanghai Business Information Center shows that from 2012 to 2016, the size of the fresh food e-commerce market soared from 4 billion yuan to 95 billion yuan. In 2017, the transaction volume of China's fresh food e-commerce market was approximately 139.13 billion yuan, exceeding 100 billion yuan for the first time, an increase of 59.7% year-on-year. In the first half of 2018, the scale of fresh food e-commerce transactions was 105.16 billion yuan. (E-commerce News)
4. British retail companies are in a wave of bankruptcy, with 14 stores closing every day
November 18th news, recently, British accounting firm PricewaterhouseCoopers (PwC) released a market research analysis report saying that physical retail stores in the UK are facing the most difficult moment in nearly five years. In the first half of 2018, more than 2,700 retail stores in the UK announced bankruptcy, with an average of 14 per day. Currently, about 200 shopping malls in the UK are in operational difficulties and are likely to go bankrupt at any time.
According to reports, according to the survey report of PwC Accounting Firm, in the first half of 2018, a total of 2,692 stores were closed in the top 500 commercial streets in the UK, with only 1,569 newly opened businesses, and the overall decrease of 1,123 companies in the commercial streets. (China News Service)
Internet news
5. Yu Minhong apologized for the forum: It did not express well, causing misunderstandings
New Oriental Chairman Yu Minhong recently apologized on Weibo for his remarks that "China is now degenerating due to the degeneration of women," which caused misunderstandings. Yu Minhong said that what he really wants to say is the level of women in a country, which represents the level of the country. If women have high qualities and mothers have high qualities, they can educate high-quality children. A strong woman is stronger, and a strong country is stronger. (36Kr)
6. 71% of users of Didi's second issue of parliament vote believe that online ride-hailing is a public space
According to November 18, as of 13:47 on November 16, a total of 167,533 people participated in the second issue of the "Didi Public Review Council" on "Is it a passenger's private space or a public environment in the online car-hailing car-hailing car-hailing car-hailing car-hailing car-hailing car-hailing car-hailing car-hailing car-hailing car-hailing car-hailing car-hailing car-hailing car-hailing car-hailing car-hailing car-hailing car-hailing car-hailing car-hailing car-hailing car-hailing car-hailing car-hailing car-hailing car-hailing car-hailing car-hailing car-hailing car-hailing car-hailing car-hailing car-hailing car-hailing car-hailing car-hailing car-hailing car-hailing car-hailing car-hailing car-hailing car-hailing car-hailing car-hailing car-hailing car-hailing car Most drivers and passengers believe that online ride-hailing is a public environment. If online ride-hailing is a public environment, it means that passengers should not smoke in the car, eat food with a strong smell, carry pets, etc. (Tencent.com)
7. Toutiao CEO changes Chen Lin replaces Zhang Yiming
On November 18, Toutiao held a Vitality Conference. Chen Lin made his first appearance as Toutiao CEO and has been on duty since November 2018. Zhang Yiming's position was not explained at the meeting. Chen Lin was born in 1983 and the same age as Zhang Yiming. He joined ByteDance in March 2012. He was an early core employee of the company. He was a product manager and is now the general manager of Toutiao. (Sina Mobile)
8. Luo Yonghao was accused of being unable to pay employees' wages. Hammer Technology responded: There is a crisis, but please give time
Recently, it was reported that Smartisan Technology was in a shortage of funds and its capital chain was so tight that it was not enough to pay employees' wages. It also said that Smartisan Technology has actually launched a layoff plan for the entire company, leaving only 40% of its personnel in the end. In response, Hammer Technology said: "The company does have a crisis, but please give Hammer time." (Securities Daily)
Cross-border e-commerce
9. Amazon China's "Black Friday" warms up Beijing consumers' favorite shopping for their families
On November 16, the "Real Black Friday" Global Carnival, the fifth overseas shopping festival of Amazon China, officially kicked off. It is understood that the event from the 22nd to the 24th will reach its climax "limited-time global carnival 72 hours".
Amazon China Vice President Gu Fan said: "This year's Black Friday Amazon overseas purchase will synchronize overseas authentic top-notch products from Amazon's four major sites in the United States, the United Kingdom, Japan and Germany to create the largest Black Friday event in Amazon's history." (E-commerce News)
10. Amazon China and Tencent Video launch their first joint package, priced at 299 yuan
Amazon China Prime Member Service officially joins hands with Tencent Video, the domestic online video platform, to launch its first Prime joint package - Amazon Prime + Tencent Video VIP joint package, priced at 299 yuan. The exclusive rights include unlimited free delivery for overseas purchase orders exclusively for Amazon Prime members throughout the year, unlimited free reading of more than 1,000 Kindle e-books throughout the year, as well as more than 30 exclusive rights such as preview of hot dramas and fast downloads provided by Tencent Video members. (Pinwan)
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