#Laogao E-commerce Newsletter# [E-commerce Morning News on December 13] Pinduoduo's new brand plan: support 1,000 "Pin Factory"; Auchan: "Exit China" is a rumor that it will continue to cooperate with new retail; reputation Ele.me Double 12 data: Selling 8 million meals and drinks packages in half a day; Xu Jiayin surpassed Jack Ma to become the richest man again; Tencent employee conference record: Ma Huateng mentioned the industrial Internet again...

E-commerce newsletter
1. Pinduoduo’s new brand plan: support 1,000 “Pinfactories”
On December 12, Pinduoduo announced the latest progress of the "New Brand Plan": Jiaweishi, as the first pilot factory, officially joined Pinduoduo's "New Brand Plan". "The 'New Brand Plan' is a systematic platform focusing on the growth of China's small and medium-sized manufacturing enterprises. Pinduoduo will support 1,000 factory brands covering various industries, helping them to reach 386 million consumers more effectively, embrace the large domestic demand market, and cultivate brands at the lowest cost."
Pinduoduo co-founder Dada introduced: "Based on the supply and demand model of new e-commerce innovation, Pinduoduo is committed to promoting the supply-side reform of small and medium-sized manufacturing enterprises through demand-side reform, giving full play to the platform advantages of the Internet, and allowing value to return to both production and consumption." (Yibang Power)
2. Reputation of Ele.me Double 12 data: 8 million meals, drinks, and entertainment packages sold in half a day
On the evening of December 12, the reputation and Ele.me data of Alibaba's local life service company showed that from 0:00 to 12:00 today, the number of orders for consumers across the country used word-of-mouth APPs to order and purchase food, drink and entertainment packages exceeded 8 million, an increase of nearly 20% from Double 11; the number of orders for Ele.me also increased by nearly 12% during the same period, and Shanghai, Beijing and Guangzhou became the most popular cities for offline food, drink and entertainment consumption. (E-commerce News)
3. Auchan: "Exit from China" is a rumor that it will continue to cooperate with new retail
On the evening of December 12, in response to the recent rumors that "Aushang will withdraw from the Chinese market", Aushang China issued a statement tonight: The news is a rumor. The statement also said, "Our new retail exploration with Tmall is in full swing. Auchan will not only not withdraw from the Chinese market, but will also continue to carry out in-depth integration and exploration of new retail in China." (Sina Technology)
4. Alibaba promotes medical AI in Macau to help humans resist the flu epidemic
Several Macau media have disclosed Alibaba's latest progress in the field of AI: Alibaba Medical AI is supporting the local health bureau's "disease trend" prediction, which may change the traditional epidemic prevention model. At present, Alibaba is supporting Macau in building a smart city. Among them, the artificial intelligence technology of the "Smart Medical" project can predict the intensity and spread of urban influenza and other diseases in the next two weeks through a comprehensive analysis of disease trends and past flu epidemics, thereby helping citizens and health institutions to take preventive measures in advance. (China News Service)
Internet news
5. Record of Tencent Employee Conference: Ma Huateng mentioned industrial Internet again
On December 12, at the 2018 Tencent Employee Conference, senior executives such as Ma Huateng, Liu Chi-ping, Zhang Xiaolong, and Ren Yuxin all took the stage to give speeches, sharing their views on Tencent’s business development and strategic management. Ma Huateng said that the biggest feeling in the past year was responsibility. Taking advantage of Tencent’s 20th anniversary, we reflected on Tencent’s mission and vision.
I have three levels of understanding of this: First, we must breathe with the times and share the same destiny with the country; Second, our products and services improve all aspects of people's lives; Third, we must live in harmony and develop together with developers and industrial partners in the ecosystem. Only by doing these three points can we truly become the "most respected Internet company" and be more confident and confident in the development in the next 20 years. (Yibang Power)

6. Midea Group's 4 billion yuan repurchase has been completed 70%, with a cumulative repurchase amount of 2.94 billion yuan
On the evening of December 12, Midea Group issued an announcement on the progress of repurchasing the company's shares. As of December 12, 2018, the company's cumulative number of shares repurchased was 67.7385 million, accounting for 1.02% of the company's total share capital as of November 30, 2018. The highest transaction price was 48.40 yuan per share, the lowest transaction price was 37.28 yuan per share, and the total amount paid was approximately 2.94 billion yuan. (Securities Daily)
7. The Hong Kong Airport Logistics Hub, led by Cainiao, is expected to be put into use in 2023.
Hong Kong Airport Authority Chairman Su Zeguang met with Alibaba Group Chairman Jack Ma today, and the two sides promised to jointly build a global smart logistics backbone network. In June this year, Cainiao took the lead in launching the construction of a high-end logistics hub at Hong Kong airport, with an investment of up to HK$12 billion and expected to be put into use in 2023. By then, tens of millions of cross-border e-commerce parcels are expected to be processed each year, providing a work environment that is attractive to young people. (Cailianshe)
8. Xu Jiayin surpassed Jack Ma to become the richest man again
According to the Forbes Global Rich Real-time Rankings, Xu Jiayin surpassed Jack Ma's US$35.9 billion (about 247.3 billion yuan) with a personal wealth of US$36.5 billion (about 251.4 billion yuan) and Ma Huateng's US$35.2 billion (242.4 billion yuan). (Beijing News)
Cross-border e-commerce
9. Walmart increases its investment in "Japanese strategy" and joins forces with Lotte to open its first online store in Japan
According to foreign media reports, US retail giant Walmart and Japan's Rakuten have joined hands to open its first online store in the online mall of Rakuten Ichiba. Meanwhile, Walmart is continuing to implement its business restructuring strategy in Asia.
It is reported that the two companies first announced their cooperation in January this year when they decided to jointly launch an online grocery service in Japan and sell e-readers, audiobooks and e-book products from Rakuten's e-book brand Kobo in the United States. (E-commerce News)
10. Cowen: Amazon will rise 37% in the next 12 months, with a target price of $2,250
John Blacklicky, an internet analyst at investment bank Cowen, believes that Amazon's annual revenue growth rate will reach 17% in the next five years, which will drive Amazon's stock price to continue to rise. The analyst gave Amazon stock a target price of $2,250 for the next 12 months, meaning Amazon's stock price will still rise 37%. Blacklick said Amazon will have multiple opportunities to create solid revenue and profit growth in the next few years, including international business growth, cloud computing and advertising. (Sina Finance)
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