#Laogao E-commerce Newsletter# [E-commerce Evening News on January 24]

　　#Laogao E-commerce News# [E-commerce Evening News on January 24] Jack Ma: Because poor young people love mobile payments, stay away from those who keep complaining; Alibaba CEO Zhang Yong: I firmly believe that big entertainment is a necessary part of the future consumption ecosystem; Suning strategically signed a contract with Unilever to build the "Travel Academy"; State Grid Mall reached a strategic cooperation with JD Enterprise Purchase; TikTok received more than 2.63 billion likes in 2018...

　　E-commerce newsletter

　　1. Jack Ma: Because poor young people love mobile payment, stay away from those who keep complaining

　　In the winter of 2019, Jack Ma said, "When mobile payment first came out, rich people didn't believe it. They believed in credit cards, but young people immediately accepted mobile payment because everyone had no money and cared about that one or two cents." He also warned young people, "If you meet someone who keeps complaining, complaining to others, and complaining to the outside world, don't look for him." (China Business News)

　　2. Alibaba CEO Zhang Yong: I firmly believe that big entertainment is an essential part of the future consumption ecosystem

　　Alibaba CEO Zhang Yong said, "Ali enters big entertainment not to want to do another profitable business, but for 600 million or 700 million users, spiritual products are very important as material life becomes more and more abundant. Second, after Alibaba enters this industry, it is a newcomer and has a arduous learning process. We will still choke on some water and encounter some problems in this process. The most important thing is to firmly believe that it is a necessary part of the future consumption ecosystem. This is our strategic choice, and it has nothing to do with how much money this separate business makes." (First Financial)

　　3. Suning strategically signs Unilever to create the "Tang Hair Academy"

　　Suning Retail Group and Unilever signed a joint business plan for 2019. The two parties agreed that in 2019, they will be based on data-driven development and in-depth marketing cooperation and category construction. In terms of IP creation, in 2019, Unilever will help Suning combine brand resources to create a hair care water category's annual marketing IP "Tang Hair Academy". At the product level, Unilever will give priority to providing Suning with new product resources such as first-time new product launches, customized products, and special supplies. (Lianshang.com)

　　4. 2018 Hurun Greater China Unicorn Report: Ant Financial's valuation exceeds one trillion yuan and ranked first

　　The "2018 Hurun Greater China Unicorn Index" released by Hurun Research Institute shows that the valuations of 18 unicorn companies have more than doubled in the past year, among which Toutiao, Kuaishou and Meicai.com have the fastest valuation growth, all of which have increased by 4 times; followed by Dada-JD.com, which has increased by 329%; and then SenseTime and WeD.com, which have both increased by 3 times. The top three are still Ant Financial with a valuation of over 1 trillion yuan, Toutiao with a valuation of over 500 billion yuan, and Didi Chuxing with a valuation of over 300 billion yuan. (Sina Finance)

　　5. State Grid Mall and JD Enterprise Purchase reach strategic cooperation

　　State Grid Mall has reached a strategic cooperation with JD Enterprise Purchase. The two parties will build electronic procurement in the entire industrial chain around State Grid Mall, carry out in-depth cooperation in intelligent procurement, full-process electronicization, blockchain anti-counterfeiting and traceability, intelligent logistics, etc., and provide enterprises with intelligent procurement services around the upstream and downstream of the industrial chain. Both parties revealed that in the future, the cooperation between JD.com and State Grid Mall will also expand to multiple fields such as finance and logistics. (Crowdfunding Home)

　　Internet news

　　6. In 2018, TikTok received more than 2.63 billion likes

　　The Chinese Society for the Applied News Communication and the Sun Yat-sen University All-Media Research Institute jointly released the "Media TikTok First Year: 2018 Development Research Report", showing that in 2018, there were more than 1,340 certified media accounts on TikTok, and more than 150,000 short videos were released, with a total of more than 77.56 billion views, and a total of more than 2.63 billion likes. The report pointed out that Douyin has become an important channel for mainstream media information dissemination. (36Kr)

　　7. Ele.me Vice President: Low-tier cities need to upgrade their catering services, and the star selection fee rate is lower than that of friendly merchants

　　Wang Jingfeng, vice president of Ele.me and head of Xingxuan, said that quality takeaway is a problem that merchants in low-tier cities are worried about, and Xingxuan will continue the direction of the quality market in terms of positioning. The relationship between Xingxuan and Ele.me App is more similar to Tmall and Taobao. Regarding the rate issue, he said that after Ele.me integrates with word of mouth, it will provide merchants with more comprehensive solutions, and the rate levels will be lower than those of competitors. (Sina Finance)

　　8. Wang Xin may launch a new product "Maozi Video"

　　Wang Xin may launch a new product "Maomao Video". At present, the official website of "Maomao Video" is marked as copyrighted by Yunge Artificial Intelligence Company, but no further product details have been disclosed. Previously, Wang Xin launched an app that takes "anonymous acquaintance social networking" as its self-positioning app, Toilet MT. (Sohu.com)

　　9. Lei Jun posted: Why can Xiaomi continue to innovate

　　Xiaomi founder and chairman Lei Jun posted a post on WeChat public account, saying that Xiaomi's first double-folding screen mobile phone released yesterday has caused a huge response in the industry. Lei Jun said that the reason why Xiaomi can continue to innovate is mainly because of the following points: innovation comes from love, innovation comes from striving for excellence, and innovation comes from making friends with users. (Yicai.com)

　　Cross-border newsletter

　　10. Orange Logistics’ Spring Festival announcement: Three days off in Hong Kong

　　On January 24, eBay made relevant announcements on the operational arrangements of Orange SpeedPAK during the Spring Festival.

　　The announcement stated that the Orange League’s Spring Festival holiday will be from February 4, 2019 (New Year’s Eve) to February 10, 2019 (the sixth day of the first lunar month), and will officially go to work on February 11, 2019 (the seventh day of the first lunar month). The three-day Spring Festival holiday in Hong Kong, namely February 5 to February 7 (first day to third day), will return to normal from February 8, 2019 (fourth day of the year). (Yibang Power)

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