#Laogao E-commerce Newsletter# [February 25 E-commerce Morning News] Huawei released its first 5G foldable screen mobile phone, which is also the first 5G mobile phone product; the yield rate of Internet baby products continues to decline by only 2.82%; the community group buying platform "Squirrel Pinpin" received a B1 round of financing of US$31 million; WeChat "re-boarding" time has been set to Ma Huateng may personally stand; Microsoft will cooperate with the second largest grocery chain in the United States to resist Amazon...
E-commerce newsletter
1. Huawei releases its first 5G folding screen mobile phone, which is also the first 5G mobile phone product
On February 24, Huawei released its first 5G folding screen mobile phone - HUAWEI Mate X, which is also Huawei's first 5G mobile phone product. Huawei said that the Mate X is equipped with Huawei's first 7nm 5G chip - Balong 5000. It has 4 sets of 5G antenna designs, with a download speed of up to 4.6Gbps, and it only takes 3 seconds to download a 1GB movie. The HUAWEI Mate X is priced at 2,299 euros, equivalent to RMB 17,498. (Titanium Media)
2. The yield rate of Internet baby products continues to decline by only 2.82%
According to the monitoring data of Rong360, the average seven-day annualized yield of 78 Internet baby products last week (February 15-February 21, the same below) was 2.72%, down 0.11 percentage points from the previous week and fell for three consecutive weeks. The yield has fallen by 0.23 percentage points since February alone. Among them, there were 22 money market funds with an annualized yield of more than 3% last week, 9 less than the previous week, accounting for 18.8%. (Tencent Technology)
3. Microsoft will cooperate with the second largest grocery chain in the United States to resist Amazon
According to foreign media reports, software giant Microsoft will cooperate with Albertsons, the second largest grocery chain in the United States, to provide consumers with a "friction-free" shopping experience.
The deal comes as Amazon is increasingly turning its attention to the grocery business. In 2017, Amazon acquired Whole Foods. The company also reportedly plans to open thousands of Amazon Go unmanned convenience stores across the United States.
This collaboration will bring Microsoft Azure and Microsoft 365 to the Albertson store. By making Microsoft Azure the cloud platform of its preferred choice, Alberson will be able to reduce friction in the shopping experience. (E-commerce News)
4. Community group buying platform "Squirrel Pinpin" received US$31 million in B1 financing
Community group buying platform "Squirrel Pinpin" recently announced through its company's annual meeting that it has completed a B1 round of financing of US$31 million before the Spring Festival. This round was jointly led by Hillhouse Capital and Heyu Capital (MSA), followed by old shareholders such as IDG, Yunjiu Capital, and Meituan.com's former COO Gan Jiawei, Index Capital serves as the exclusive financial advisor. Squirrel Pinpin said that financing will be used for supply chain improvement, market and team expansion, and system optimization. (36Kr)
5. The time for "get on the bus" on WeChat has been set to Ma Huateng or stand in person
On February 24, at the Changan CS85 global media test drive conference held today, senior Changan Automobile revealed to Yiou Auto that the company cooperated with Tencent to develop the "In-Car WeChat" application and will be launched in the second quarter of 2019. The first model equipped with is Changan's coupe SUV CS85. In addition, at the CS85 model launch conference on March 6 this year, Changan Automobile President Zhu Huarong and Tencent Chairman Ma Huateng will attend. (Yiou.com)
Internet Information
6. Yu Yu, Chairman of Dangdang: It doesn’t matter who is CEO
Yu Yu, Chairman and CEO of Dangdang, made his first statement in the Jiangsu TMT fellow group, Dangdang, Chairman and CEO of Dangdang, was in the Jiangsu TMT fellow group. Yu Yu said that in recent years, Dangdang's sales and profits have been growing, with a profit of less than 500 million in 2018 and no debt. It is expected that sales and profits will grow in double digits in 2019. Yu Yu emphasized that he will start to accept media interviews from now on, "It doesn't matter who Dangdang is CEO, I hope everyone supports Dangdang." (Yibang Power Network)
7. Ofo was once again frozen by the court for 1.45 million yuan and has been sued by many suppliers
Due to supplier disputes, ofo was once again frozen by the court. On February 23, Tianyan Check data showed that the first-instance civil ruling for the sale contract dispute between Tianjin Colin Bicycle Co., Ltd. (hereinafter referred to as "Tianjin Colin") and Beijing Bakerk Technology Co., Ltd. (of ofo affiliated company, hereinafter referred to as "Bkerk") showed that the court frozen 1.45 million yuan in deposits from Swedish Bank or seized other equal amounts of property. According to incomplete statistics, ofo has been frozen for the third time, which has made ofo, which is still under pressure to refund the deposit. (Beijing Business Daily)
8. Kuaishou responded to "The Spring Festival New Year Rewards Not Received": Resolutely crack down on cheating
On February 24, the China Business News recently reported that a user revealed that Kuaishou launched a red envelope activity during the Spring Festival, and the users' new rewards were not paid. In response to this, Kuaishou responded: "Kuaishou launched Spring Festival activities for new and old users during the Spring Festival. Most users received rewards, but a small proportion of people used suspected cheating to receive red envelopes and rewards. We firmly crack down on this cheating behavior, and we deeply apologize for the poor user experience caused by this. But as long as you participate in the activities legally and compliantly, you can get rewards." (E-commerce Daily)
Cross-border e-commerce
9. An Amazon Air cargo plane crashed on Saturday
On midday February 24, an Atlas cargo plane serving Amazon Air crashed near Houston, Texas, on Saturday afternoon local time in the United States, three people on board were killed. Amazon Air is Amazon's own freight business, competing with companies such as FedEx and UPS.
Both Amazon and Atlas confirmed the accident in a brief statement. The two companies did not provide any other details. (E-commerce News)
10. New German VAT tax regulations: The deadline for uploading certificates is delayed to April 15
On February 25, Germany released a supplementary document for "uploading German tax certificates": e-commerce platforms can extend the time for uploading certificates to April 15, but the premise is that the seller must apply for "German tax certificates" before February 28. Previously, non-EU sellers will be forced to be closed on the platform if they do not upload before March 1. (Yibang Power)
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