#Laogao E-commerce Newsletter# [February 12 E-commerce Evening News]

　　#Laogao E-commerce Newsletter# [E-commerce Evening News on February 12] The first offline experience store of 1688 Industrial Brand Station is located in the electrical appliance capital; Tmall International takes the lead in implementing the "quality assurance" commitment plan; Estee Lauder L'Oreal said that the good results of the Chinese market come from Tmall; Tencent responded to "WeChat withdrawals have not been received": banking system reasons; Bezos' house founded by Amazon was listed for sale, priced at US$1.5 million...

　　E-commerce newsletter

　　1. The first offline experience store of 1688 Industrial Brand Station is located in the electrical capital

　　February 12th news, recently, Alibaba's 1688 Industrial Market Brand Station's first offline experience store was launched in Liushi Town, Yueqing City, the capital of China's electrical appliances, and international industrial brands such as ABB and Phoenix appeared in the experience store. Qiu Xuelian, the head of the 1688 brand station, believes that the opening of the offline experience store of the industrial market brand station is an important measure for 1688 to further strengthen the digital mind of industrial procurement, and in her opinion, it has three significance. (Yibang Power)

　　2. SF Airlines' 52nd all-cargo aircraft is put into operation

　　On February 12, SF Airlines' 52nd all-cargo aircraft completed passenger and cargo conversion, flew from Chengdu to Shenzhen, officially joining SF Express fleet and putting on route operation. This is the second new capacity put into use by SF Airlines in 2019, and the number of main models B757-200F has also increased to 28.

　　In December 2018, SF Airlines' fleet exceeded 50 aircraft, officially entering the ranks of medium-sized airlines. In 2019, based on the demand for express delivery market and its own development goals, SF Airlines will maintain continuous investment in fleet construction, and is committed to supporting the development of domestic and international new routes and new businesses with a more complete capacity structure, and further tapping the service value of aviation logistics. (Europe)

　　3. Tmall International takes the lead in implementing the "Quality Assurance" commitment plan

　　On February 12, Tmall International launched the "Quality Assurance" commitment plan in the new year, and comprehensively improved the quality assurance and consumer experience of imported goods through four major measures, including brand authorization, service commitment, quality certification and full-chain strict control.

　　The plan is the first to be implemented in nine major industries including clothing, beauty, maternal and infant, and medical care. Merchants on the platform will gradually complete the review of the "quality assurance" commitment plan and display it to consumers on the store product page. It is expected to be fully completed in mid-September this year.

　　The quality of imported goods depends first on whether the source of goods is guaranteed. The "Quality Assurance" plan requires merchants to provide brand company (i.e. trademark owner company) authorization qualification certificate, and the qualification authorization must be within the validity period. Merchants must update the upcoming qualification authorization in a timely manner. (Europe)

　　4. Suning.com set up a fashion department store

　　This morning, Suning Chairman Zhang Jindong announced at the New Year’s Party that Suning.com officially acquired 37 Wanda Department Store stores. A few days ago, it was clarified at Suning.com's 2019 annual work planning and deployment meeting: The fashion department store subsidiary was upgraded to a sub-group of the retail group and established Suning Fashion Department Store Group. Suning believes that Suning Fashion Department Store Group will become an important operating unit, and Suning will further promote the refined business operations in the fashion department store field. (Sina Technology)

　　5. Estee Lauder L'Oreal says good results in the Chinese market come from Tmall

　　On February 12, the Estee Lauder Group released its second quarter financial report for fiscal year 2019, which showed that the group had excellent performance, with net sales rising 7% for the first time in history. One of the highlights is that the group's online sales performance has soared over several quarters, and the total revenue of China's e-commerce channels exceeds one-third of the total sales in China. Similarly, beauty group L'Oreal is also the beauty group that continues to write Tmall's performance into its financial report. (E-commerce News)

　　Internet news

　　6. Liangpin Shop's melee Red Sea snack brand secret battle is extremely fierce

　　According to February 12, there is no technical threshold for the production of snacks, and the largest shipments of nut roasted nuts and dried fruit jerky meat. The taste is similar, there are no giants in the industry, and they are in an era of competition among all the heroes. In 2017, there were 2,771 snack food companies in China, and the number was still growing. This depends on the advantages of Liangpinpu's industrial chain: upstream manufacturers are dispersed, payment pressure is low, downstream direct stores and franchise stores are all cash collections; online sales platforms are also cash reflows, and a small amount of receivables comes from B's JD and some corporate orders. (E-commerce News)

　　7. Tencent responded to "WeChat withdrawal has not been received": reasons for the banking system

　　Recently, some media said that they received feedback from users that WeChat Pay had been unable to withdraw cash for a long time. Tencent said that in the two cases reported, one of the users confirmed that the account was on time, which was a false alarm; another was a problem with the banking system, "The banking system problem caused the funds to be not recorded on time, but the information was returned to WeChat payment based on the account was successfully returned. The transaction was delayed until the 12th of the bank." (China News Service)

　　8. Ministry of Commerce: China's consumption upgrade trend remains unchanged in 2019

　　On February 12, Wang Bin, deputy director of the Market Operation Department of the Ministry of Commerce, said that although China's consumption growth rate dropped to 9% in 2018, it is still at the medium-to-high-speed level, the trend of structural upgrading of consumption remains unchanged, and consumption will still go through a long stage of development. Overall, China has a broad market and 400 million middle-income groups, with good consumption growth and strong resilience. Although the consumption growth rate may further slow down in 2019, the scale will still maintain stable and rapid growth. (Cailianshe)

　　9. TikTok's "Beautiful Note Year" ends: More than 60 million people gather seven notes

　　As the exclusive social media communication platform for this year's CCTV Spring Festival Gala, Douyin launched the Spring Festival event "Beautiful Note Year - Collection of Notes 500 million". Official data from TikTok shows that from January 28 to the end of the event on February 8, a total of hundreds of millions of users participated in the note collection activity, and more than 61.14 million users synthesized the beautiful seven notes and finally shared 500 million cash red envelopes. Among all users participating in the event, Shanxi Province has the best luck, and the proportion of collecting ranks first in all provinces in the country. (36Kr)

　　Cross-border newsletter

　　10. The house Bezos founded Amazon was listed for sale, priced at $1.5 million

　　According to foreign media reports, the house where the world's richest man, Jeff Bezos, founded Amazon in Bellevue, Washington, has been listed for sale for $1.5 million. According to information from the US real estate website Zillow, the 1540-square-foot house at 10704 Northeast 28th Street is listed at nearly $1.5 million. In the 1990s, Bezos founded Amazon in the garage of the house. (Tencent Technology)

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