#Laogao E-commerce Newsletter# [February 18 E-commerce Morning News]

　　#Laogao E-commerce Newsletter# [February 18 E-commerce Morning News] Hou Yi, Hema Fresh: New retail has given up the price war and never participated in the 618 Double 11; Benefiting from Tmall Canada Goose's net profit surge in the third quarter of 2019; Zhang Wenzhong, Chairman of Wumart: The core of traditional retail embracing the Internet is online; Sanquan Soup dumpling sample was detected to be swine fever virus and was removed from the shelves by e-commerce platforms; eBay announced restructuring: 135 employees are laid off...

　　E-commerce newsletter

　　1. Hema Fresh Hou Yi: New retail has given up the price war and never participated in the 618 Double 11

　　At the 19th Annual Meeting Forum of the 2019 Yabuli China Entrepreneurs Forum, Hou Yi, CEO of Hema Fresh, said that new retail advocates healthy consumption and enjoys the best products and the best services. The biggest difference from traditional retail is that it gives up the price war. New retail never participates in 618 and Double 11 like e-commerce. New retail mainly provides high-quality products instead of providing low-priced and good-quality products. (Chuangyebang)

　　2. Benefited from Tmall Canada Goose's net profit surge in the third quarter of 2019

　　According to February 17, Canada Goose recently released its third quarter financial report for the 2019 fiscal year. According to the financial report, as of December 31, sales in the third quarter rose 50.2% year-on-year to CAD 399 million (about US$301 million), and net profit rose 72% to CAD 105.3 million (about US$79 million).

　　Regarding such strong growth momentum, Canada Goose CEO Dani Reiss said that this is due to Tmall, an e-commerce platform owned by China's Alibaba Group. He said that although Canada Goose does not have any promotions, it ranked among the top ten brands on Tmall platform in 2018 on Tmall Double 11. (E-commerce News)

　　3. Zhang Wenzhong, Chairman of Wumart: The core of traditional retail embracing the Internet is online

　　On February 17, at the 19th Annual Meeting Forum of the 2019 Yabuli China Entrepreneurs Forum, Zhang Wenzhong, founder and chairman of Wumart Group, said that traditional retail faces huge challenges including economic slowdown, consumption upgrades, technological revolution, artificial intelligence, and the Internet. He pointed out that for retail companies, the most important thing to truly embrace change and truly rely on the Internet and artificial intelligence to enter a new stage is to be online.

　　Among many factors, he believes that the first thing to do is to be online. "We must let every consumer of yours use a unified app in today's era, whether in stores or at home, whether placing orders in stores or at home." (Sina Technology)

　　4. Swine fever virus was detected in Sanquan Soup dumpling sample, which was removed from the shelves by e-commerce platforms.

　　On February 17, a "supervision letter" issued to the Food and Drug Administration of Xiangxi Prefecture, Hunan Province recently circulated online, saying that three samples of "Sanquan Soup Dumplings" from two supermarkets in Luxi County tested positive for the nucleic acid of the African swine fever virus. The news was later confirmed by the relevant person in charge of the Xiangxi Prefecture Food and Drug Administration.

　　At present, the "Sanquan Soup Dumplings" involved in Sanquan Food Tmall and JD official flagship stores have been removed from the shelves. JD customer service staff said that all Sanquan Pour soup dumplings operated by JD Mall have been removed from the shelves, and the quick-frozen dumplings currently on the platform can ensure that there are no problems. (E-commerce News)

　　5. eBay announced restructuring: layoffs of 135 employees

　　February 18 news: The e-commerce giant announced a restructuring and fired 135 employees last week as an activist investor asked eBay to make major adjustments. The layoffs began last Wednesday and ended on Thursday. The laid off staff include supervisors, managers, software engineers, data scientists and legal counsel. (Yibang Power)

　　Internet Information

　　6. Huawei's smartphone market shipment target in 2019 is set at 250 million units

　　According to foreign media reports, industry insiders revealed that Huawei mobile phones have set their goals for 2019, trying to replace Samsung and become the world's largest smartphone manufacturer. Huawei sets its annual shipment target for smartphones in 2019 at 250 million units and will challenge its shipment target of 300 million units in 2020. TSMC insiders also revealed that before the Spring Festival in February, HiSilicon also asked its IC packaging, testing and chip detection partners to provide additional capacity support. (Tencent Technology)

　　7. WeChat account is publicly sold and banned.

　　On February 17, Tencent responded that regarding the recent report that "WeChat accounts are publicly bought and sold on multiple platforms", once the behavior of buying and selling WeChat accounts is discovered and verified, the platform will gradiently ban the illegal accounts. In order to crack down on black account raising from the root, the WeChat security team has always carried out a project code-named "Born Water Operation", aiming to reduce the absolute number of black account raising from the root and strive to purify WeChat's healthy ecology. (E-commerce News)

　　8. Amazon expands its logistics and shipping capabilities and plans to build a logistics industry giant

　　Data released by market research firm Wolfe Research shows that Amazon is shipping 26% of its own online orders. It is working to expand its logistics and shipping capabilities to reduce its reliance on FedEx and UPS. Many analysts believe that Amazon is becoming a major player in the logistics and shipping industry. Take Amazon Air, the Amazon Air cargo armament arm, which recently added 50 aircraft and several new regional hubs, including a hub that was opened in northern Kentucky in 2021. (Chuangyebang)

　　Cross-border e-commerce

　　9. 50 cross-border e-commerce companies settled in Haikou Comprehensive Bonded Zone

　　The Hainan Provincial Department of Commerce revealed that Hainan Province has accelerated the development of cross-border e-commerce and accelerated the construction of Haikou cross-border e-commerce comprehensive pilot zone. 50 cross-border e-commerce companies have settled in the Haikou Comprehensive Bonded Zone. This year, Hainan Province will increase its efforts in cross-border e-commerce investment and promote the innovative development of Hainan's cross-border e-commerce. (Hainan Daily)

　　10. Promote the facilitation of cross-border trade, and reduce the types of Beijing-Tianjin import and export verification certificates by nearly half

　　It was learned from the Beijing Municipal Bureau of Commerce that the commerce and customs departments of Beijing and Tianjin have formulated the "Implementation Plan for the Special Action for Cross-border Trade Facilitation in 2019", which proposed to reduce the regulatory documents for verification in the import and export links from 86 to 46. Except for the 4 regulatory documents required for confidentiality, all the remaining 42 are subject to online verification. (Beijing News)

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