#Laogao E-commerce Newsletter# [March 5 E-commerce Evening News Brief]

　　#Laogao E-commerce Newsletter# [E-commerce Evening News on March 5] Taobao announced the average age of entrepreneurs who "entered to Taobao": they remained 26 years old for 16 consecutive years; Chu Shijian, former chairman of Yunnan Hongta Group and founder of Chu Cheng, passed away; WeChat payment tests the "friend membership" function; Pinduoduo released the 2018 annual report on poverty alleviation and agricultural assistance, with agricultural product sales reaching 65.3 billion, a year-on-year increase of 233%; Tmall beauty growth rate exceeded 60% in 2018, and 1,000 brands entered...

　　E-commerce newsletter

　　1. Pinduoduo released the 2018 annual report on poverty alleviation and agricultural assistance, with agricultural product sales reaching 65.3 billion, a year-on-year increase of 233%.

　　On March 5, the new e-commerce platform Pinduoduo released an annual report on poverty alleviation and assistance to farmers. The report shows that in 2018, the total amount of agricultural products and agricultural and sideline products on the Pinduoduo platform reached 65.3 billion yuan, an increase of 233% year-on-year from 19.6 billion yuan in 2017. The above data shows that Pinduoduo has become one of China's largest upward agricultural products platforms. (Chuangyebang)

　　2. Taobao announced the average age of entrepreneurs who entered Taobao: they remained 26 years old for 16 consecutive years.

　　A latest set of data released by Taobao shows that after counting the age of new store owners every year from 2003 to 2018, Taobao found that the average age of entrepreneurs who entered Taobao has been stable at around 26 years, among which female entrepreneurs account for about 50%. (Sohu.com)

　　3. Chu Shijian, former chairman of Yunnan Hongta Group and founder of Chu Cheng, passed away

　　Chu Shijian, former chairman of Yunnan Hongta Group Co., Ltd. and Yuxi Hongta Tobacco (Group) Co., Ltd. and founder of Chu Cheng, died of complications of diabetes at noon today at the age of 91. (Sina Finance)

　　4. WeChat Pay tests the "Friend Membership" function

　　According to March 5, WeChat Pay recently launched the "Friend Membership" function for the B-side. After merchants enable this function, the store manager can add customers as friends and give customers discounts for consumption in the store. At the same time, merchants can also use Moments and WeChat groups to post recent offers and new product updates to old customers, and guide customers to repurchase multiple times. (E-commerce News)

　　5. Tmall beauty growth rate exceeded 60% in 2018, and 1,000 brands were added in 2019

　　March 5th news, yesterday, at the 5th Tmall Golden Makeup Awards, Hu Weixiong, general manager of Tmall Fast Consumer Products Division, said that in 2019, Tmall will increase its investment in the beauty market and increase 1,000 beauty brands to open stores on Tmall.

　　According to Yibang Dynamics, from 2013 to 2017, the average annual compound growth rate of China's cosmetics industry reached 10.6%, exceeding the global average growth rate. In 2018, Tmall Beauty's growth rate exceeded 60%. More than 300 million consumers buy cosmetics on Tmall. At the same time, Tmall has also brought growth to beauty brands. Over the past 10 years, Procter & Gamble Group has grown 1,000 times on Tmall; HomeFacialPro brand has opened stores for three years, with annual sales exceeding 500 million. (Yibang Power Network)

　　Internet news

　　6. News says that MissFresh will sell small appliances and is currently forming a team

　　A person familiar with the matter said that MissFresh plans to add small home appliance categories to the platform to accelerate its plan to "make a full-category platform". It is currently launching headhunting companies to find relevant talents in the home appliance industry to specially form relevant teams. "They plan to start from small home appliances, focusing on kitchen appliances, personal appliances, including beauty instruments, razors, etc.." But a relevant person in charge of MissFresh said that the platform has not expanded into the small home appliance category, nor has it been heard that other platforms under the company are forming a team in this category. (Yibang Power)

　　7. Ma Huateng: The second half of the Internet belongs to the industrial Internet

　　Ma Huateng, Chairman and CEO of Tencent, said that industrial Internet is a new big field in the future and there is a lot of room for imagination. In the process of accelerating the development of industrial Internet and promoting the high-quality development of the real economy, Internet companies should be good connectors, toolboxes, and ecological co-constructors, provide rich digital interfaces and complete digital tools for all walks of life to enter the digital world, and build a digital ecological community with various industries. Based on the long-term, we must take multiple measures to effectively achieve breakthroughs in key core technologies. (Xinhua News Agency)

　　8. Suning takes the lead in significantly lowering the price of iPhone XS series

　　On March 5, Suning Mobile's official Weibo said that Suning.com and Suning.com Tmall flagship stores will be the first to lower the price of iPhone XS products starting today, with a maximum of 1,000 yuan. In addition, after receiving the direct reduction coupon, the iPhone XS 256G version of Suning.com and Maoning Store was only 8,888 yuan, which is 1,211 yuan cheaper than the price of 10,099 yuan on Apple's official website; the iPhone XS MAX 256G version was 9,388 yuan, which is 1,611 yuan cheaper than the price of Apple's official website. (Tencent Technology)

　　9. Liu Song, Vice President of Alibaba Group: Investing in the industrial Internet requires long-term patience

　　Liu Song, vice president of Alibaba Group, said, "The future of industrial Internet is not to simply superimpose some Internet technologies along its original inertia, nor is it to simply translate the basic elements and models of consumer Internet, but to jointly generate a new growth model." Liu Song said, "Industrial Internet is one to two dimensions higher in complexity than consumer Internet, so it is not an easy task. I think investing in industrial Internet requires long-term patience, and then we can gradually create various values ​​in the categories of industrial Internet." (Securities Times)

　　Cross-border newsletter

　　10. Swedish logistics providers who use non-Wish postal certification may be punished

　　On March 5, the Wish platform issued an announcement saying that Wish is currently the only platform that cooperates with PostNord to directly handle Swedish VAT and merchant management fees. The collaboration between Wish and PostNord can solve the problem of product stranding at the border, so that users can get orders directly.

　　Wish said that merchants are encouraged to list Swedish road-oriented products and continue to use recognized Swedish road-oriented logistics service providers. If the merchant uses a non-approved Swedish road-to-logistics service provider, the order or store will be fined. (Yibang Power Network)

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