#Laogao E-commerce Newsletter# [February 26 E-commerce Morning News]

　　#Laogao E-commerce Newsletter# [February 26 E-commerce Morning News] JD store ratings will disappear and transform into star-rated form; WeChat stores adjust and cancel transaction fee subsidies will charge a 0.6% fee; JD expands its recruitment of 15,000 employees, previously said that it would eliminate 10% of executives at the end; "Jing Credit" will be launched on February 21, covering 200,000 JD merchants; Mogujie's net loss in the third quarter of the third fiscal quarter narrowed its year-on-year...

　　E-commerce newsletter

　　1. JD store rating will disappear and convert it into a star form

　　On February 25, JD.com issued an announcement on the offline launch of store ratings (DSR). The announcement shows that the trend vane of the JD platform has been launched at the end of 2017 and has gradually been combined with traffic ends such as search, recommendation, content marketing, and placement platforms; and replace store ratings (DSR) as the basic threshold requirement for store renewal and activity submissions; as of January 31, 2019, the trend vane of the JD platform has completed the replacement of the last function of the store rating (DSR) - from the trend vane to the store star rating form to be revealed to consumers on each front-end page. Store star rating is a star rating rating of the store based on the ranking of the merchant’s store. That is, the store’s star rating can reflect the performance level of the store’s weather vane. (Yibang Power)

　　2. Weidian will charge a 0.6% fee when resuming transaction fee subsidies.

　　On February 26, the social e-commerce platform Weidian issued an announcement to adjust the transaction fee stating that starting from March 1, the transaction fee subsidy for debit cards will be cancelled and a 0.6% transaction fee will be charged. In this regard, Weidian said that with the growth of the platform's scale, the transaction fee costs of each payment channel are continuing to rise. Therefore, in order to ensure that merchants continue to provide stable services, it was decided to adjust the transaction fee collection rules after repeated discussions. (E-commerce News)

　　3. JD.com expands recruitment of 15,000 employees before saying that it will eliminate 10% of its executives at the end.

　　JD.com Group announced today that the demand for new jobs in 2019 is expected to reach 15,000, of which JD.com Logistics will add 10,000 new employees in 2019, and the recruitment targets are mainly front-line employees and grassroots managers. The recruitment direction of retail sub-groups and other sectors will mainly focus on improving user experience and other fields. (Phoenix Finance)

　　4. Jack Ma: Chinese movies are not far from the Oscars, and movies should not be piled up by money.

　　At the preview of "Green Book", Jack Ma said, "It is actually not far from the Oscars. Movies should not be piled up by money, and movies may not necessarily have an earth-shaking story." Jack Ma said that the cost of this movie is very low. "It seems good that this movie is very plain, but there are many things behind the story, many classic sentences, such as, we do not rely on fists to win the world, but dignity. Let me see the warmth of society." (The Paper)

　　5. Mogujie's net loss in the third quarter was US$6.1 million, narrowing its year-on-year

　　On February 25, Mogujie released the company's third-quarter financial report for the 2019 fiscal year ended December 31, 2018 on Monday. According to the financial report, the total amount of commodity transactions in Mogujie in the quarter was RMB 16.978 billion (approximately US$2.469 billion), a year-on-year increase of 21.5%; the total revenue was RMB 367.2 million (approximately US$53.4 million), a year-on-year increase of 20.3%: the net loss was RMB 42.2 million (approximately US$6.1 million), a narrower than the net loss of RMB 156.1 million in the same period last year. (E-commerce News)

　　Internet Information

　　6. Zhang Chaoyang delivered a speech on Sohu's 21st anniversary: ​​We have just passed half of the journey and the second half has just begun

　　At the celebration of Sohu's 21st anniversary, Zhang Chaoyang, Chairman and CEO of Sohu Company, said: "If a company or a life is compared to a marathon, a half-marathon is exactly 21 kilometers. Sometimes coincidences have some meaning. If Sohu's growth is compared to a marathon, we have just passed half of the journey. China's Internet competition or the entire Internet media and information, as well as various careers have just completed the first half, and the second half has just begun." (Tencent Technology)

　　7. Foreign media said: Xiaomi brings 5G to more ordinary consumers

　　On February 24, Xiaomi held a global new product launch conference at the MWC Exhibition in Barcelona, ​​Spain. A 5G version of Xiaomi MIX3 equipped with Snapdragon 855 has been released. As the fourth largest mobile phone brand in the world, this is the first time that Xiaomi has released a new product at MWC, attracting the pursuit of many international media. After the press conference, foreign media said that Xiaomi uses generous prices to allow more people to enjoy the fun brought by 5G. (Chuangyebang)

　　8. "Beijing Credit" will be launched on February 21, covering 200,000 merchants on JD.com

　　On February 21, JD.com launched the "Beijing Credit" covering 200,000 merchants on the platform. "A man cannot stand without trust, and a country cannot be prosperous without trust. E-commerce has developed rapidly over the years, and it is urgent to establish a credit system that is conducive to the healthy development of the industry." Lin Chen, vice president of JD Retail Group and head of JD Platform Ecology Department, said, "We encourage and hope that merchants will succeed through honest operation. JD also has the obligation to assume this responsibility and do their part to build a credit society." (36Kr)

　　Cross-border e-commerce

　　9. Beijing Customs launches "flash purchase" supervision

　　According to February 25, Beijing Customs recently launched a "flash purchase" regulatory model, which can shorten the customs clearance efficiency of imported goods purchased by consumers through the "flash sale" activity to as fast as 58 seconds.

　　It is understood that as enterprise information confirmation, document preparation and other work are in advance, imported goods have been "pre-declared". After the imported goods are landed, the customs clearance of imported goods can be "released in seconds". At the nearly 1,000-meter-long Air China Cargo Stand Channel of Capital International Airport, the shortest customs clearance time for imported goods per ticket has reached 58 seconds. (E-commerce News)

　　10. New Indian e-commerce regulations: E-commerce companies need to register physical counterfeit products and will be directly removed from the shelves

　　On February 26, the Indian government issued a draft e-commerce policy on February 23, which requires every e-commerce company to register a commercial entity in India. If the platform seller is complained about selling counterfeit and shoddy products, the seller involved is unable to provide relevant product proof to the e-commerce platform, the platform will remove its products and inform the trademark owner. (Yibang Power Network)

 Click to register to apply to join the well-known domestic e-commerce network - Laogao E-commerce Club. Any domestic enterprises, Tmall merchants, Taobao Crown Store, Jinguan Store, and other e-commerce platform merchants can apply to join! Laogao E-commerce focuses on e-commerce operation training , Taobao operation, and one-stop service for enterprises to help your e-commerce succeed!

,