#Laogao E-commerce Newsletter# [February 22 E-commerce Morning News]

　　#Laogao E-commerce Newsletter# [February 22 E-commerce Morning News] JD.com Home Appliances reached a cooperation with Midea; Li Guoqing left Dangdang to create another book club, with a goal of generating 1 billion yuan in three years; Xiaohongshu responded to "structure adjustment": many content is untrue; Weibo: Close accounts such as "Mimeng" and "Talented Limited Youth" and other anxious sales accounts; ByteDance may be listed on the Science and Technology Innovation Board...

　　E-commerce newsletter

　　1. JD.com Home Appliances and Midea reach cooperation

　　On the evening of February 21, JD Home Appliances and Midea signed the "JD GSKA Plan Cooperation Memorandum" in Beijing yesterday. At this point, ten major appliance brands including Midea, Aux, Haier, Gree, Philips, TCL, Hisense, Konka, Skyworth, and Boss have completed the 2019 GSKA (Global Strategic Important Customer) series of contracts, with a cumulative sales scale of more than 130 billion yuan. (E-commerce News)

　　2. Li Guoqing left Dangdang to create another book club, with a goal of generating 1 billion yuan in three years

　　Previously, Dangdang.com founder Li Guoqing issued an internal letter announcing his resignation as CEO of Dangdang.com. He also revealed that he would establish a book club as the direction of his future entrepreneurship. Regarding the book club he is about to start, Li Guoqing said, "According to the annual fee, there is no subsidy system." He revealed, "If you have to say a goal, I think the membership fee in the first year can be about 100 million yuan; the membership fee in the second year can be 300 million yuan; the third year can be 1 billion yuan." (Securities Daily)

　　3. China's rural online retail sales in 2018 were 1.37 trillion yuan

　　On the evening of February 21, according to data from the Ministry of Commerce, the national rural online retail sales reached 1.37 trillion yuan in 2018, an increase of 30.4% year-on-year, and the national online retail sales of agricultural products reached 230.5 billion yuan, an increase of 33.8% year-on-year, and rural e-commerce developed rapidly.

　　E-commerce has become an important means of poverty alleviation. Gao Feng, spokesperson of the Ministry of Commerce, said at a regular press conference that the China E-commerce Poverty Alleviation Alliance, guided by the Ministry of Commerce, has been established by 29 units, covering 351 poor counties, and has promoted enterprises to carry out the "three products and one standard" certification for agricultural products in poor areas, improve branding and standardization levels, and promote new progress in the upward trend of agricultural products.

　　The popularity of rural online retail is only one of the characteristics of my country's online retail in 2018. In 2018, my country's online retail sales exceeded 9 trillion yuan, of which the online retail sales of physical goods exceeded 7 trillion yuan, an increase of 25.4% year-on-year, and its contribution to the growth of total retail sales of consumer goods reached 45.2%, an increase of 7.3 percentage points from the previous year. (E-commerce News)

　　4. Xiaohongshu responded to "structure adjustment": the content is untrue in many places

　　On the evening of February 21, according to "Finance", Xiaohongshu published a letter to adjust the site today, integrating the "three-party e-commerce" business in the independent e-commerce department into the community brand system, and also cutting off the "Youguang" business of its own brand. Xiaohongshu responded that the content of the news was false in many places.

　　According to reports, Xiaohongshu published a letter to adjust the site, integrating the "three-party e-commerce" business in the independent e-commerce department into the community brand (commercialization) system; self-operated e-commerce still exists as an independent business, and is managed by the same person in charge as customer service, logistics, and supply chain, and is on the same level as the community brand system. In addition, Xiaohongshu also cut off its own brand "Youguang" business.

　　In response, Xiaohongshu said that internal letters do exist, but not "structural adjustment" but "structure upgrade". "The e-commerce business unit has not been split and its natural weight has not decreased. The private brand "You Guang" has not been cut off, and it has been there all the time." An official response will be given later. (E-commerce News)

　　5. Cainiao releases the "Smart Supply Chain Brain" to complete supply chain management on mobile phones

　　On February 21, the "Smart Supply Chain Brain" created by Cainiao was officially launched. Nestlé will take the lead in using this intelligent system. At that time, the omni-channel product status sold by Nestlé can be displayed in real time and will be equipped with intelligent algorithm analysis. The rookie said that in the future, CEOs only need to use a mobile phone to complete supply chain decisions during breakfast intervals. In the future, the "Cainiao Intelligent Supply Chain Brain" will be open to more merchants. (All-weather technology)

　　Internet Information

　　6. Weibo: Close the anxious accounts of selling "Mimeng" and "Talented Youth"

　　On the evening of February 21, Weibo officially issued an announcement stating that accounts "Talented Limited Youth" and "Mimeng" with serious "trafficking anxiety" were banned. Weibo announced that it will fulfill its main responsibilities of enterprises, implement relevant management requirements for self-media management, and crack down on behaviors that can obtain traffic through "selling anxiety" and other passive and vulgar content. (E-commerce News)

　　7. ByteDance may be listed on the Science and Technology Innovation Board

　　On February 22, according to Hong Kong's South China Morning Post, sources said that TikTok operator ByteDance may be listed on the Shanghai Stock Exchange Science and Technology Innovation Board.

　　According to people familiar with the matter, relevant departments have contacted the company and hope that it will be listed on the Science and Technology Innovation Board. ByteDance has been in existence for seven years and began negotiations with investment banks on its IPO plan last summer. ByteDance had considered listing in New York or Hong Kong, people familiar with the matter said that before choosing to list on the Science and Technology Innovation Board. (Europe)

　　8. Baidu's fourth quarter revenue of RMB 27.2 billion net profit fell by 50% year-on-year

　　On February 22 morning news, Baidu released its unaudited financial reports for the fourth quarter and full year of fiscal year 2018 ended December 31 today. According to the report, Baidu's total revenue in the fourth quarter was RMB 27.2 billion (approximately US$3.96 billion), an increase of 22% compared with the same period last year, excluding the company's announced divestiture transaction, a year-on-year increase of 28%; net profit was RMB 2.1 billion (approximately US$303 million), a decrease of 50% compared with the same period last year. (E-commerce News)

　　9. Google announces that it will completely abandon its mandatory arbitration policy

　　According to TheVerge, Google announced today that it will no longer use mandatory arbitration measures regardless of disputes with employees. The policy will take effect on employees around the world on March 21, but will not apply to claims that have been resolved. Google will also cancel mandatory arbitration measures against its vast community of temporary workers and contractors. Organizers of the tech industry have also urged the company to provide equal treatment for these workers. Organizers said in a statement today that they will meet with lawmakers next week, urging Google to ban mandatory arbitration altogether. (Pinwan)

　　Cross-border e-commerce

　　10. Amazon will issue a carbon footprint report. Express delivery will deliver 5 times the carbon emissions in a week.

　　On the evening of February 21, Amazon recently announced that it will release its "carbon footprint" report later this year, when consumers and investors will have a clearer understanding of the environmental costs of Amazon's popular "two-day delivery" service. In addition, Amazon also promises that by 2030, 50% of shipments of goods will be "net zero" carbon, the so-called "carbon neutral".

　　Amazon has resisted pressure from investors and other stakeholders for years to disclose more information about its environmental impact. But later last year, several Amazon employees submitted shareholder proposals with their equity, asking Amazon to disclose its plans to deal with climate change. (E-commerce News)

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