#Laogao E-commerce Newsletter# [March 7 E-commerce Morning News]

　　#Laogao E-commerce Newsletter# [E-commerce Morning News on March 7] Taobao quietly planted an "onion" to benchmark against Xiaohongshu; Apple suppliers developed flexible glass: only 0.1 mm thick; Ruhan Holdings submitted an IPO prospectus in the United States, Alibaba held more than 8% of the shares; Youzan Mini Program is connected to the "good goods circle" to increase exposure to merchants; CR Vanguard officially withdrew from 7 stores in Shandong Jiajiayue hosting...

　　E-commerce newsletter

　　1. Taobao quietly planted an "onion" against Xiaohongshu

　　According to reports on March 7, in Alibaba, Taobao seems to be a product incubator. So far, a series of products including Taobao Live and Tmall Xiaobian Box have been incubated. At the end of last year, an onion box, a community product that displays Taobao user product reviews, was quietly born in the Taobao system. Recently, this product that is not very familiar to users is facing some minor "embarrassment". It is understood that the Onion Box is currently just an embedded section in Taobao. There is no separate app product yet. Users can find the entrance to the Onion Box in Taobao's "My Channel" on their mobile phone.

　　Judging from the current page presentation of onion box, the recommended section presents various user comments and user life notes in the form of pictures, texts and videos. The "Onions" section presents all comment users and can comment. Currently, the content sections of onion boxes include "Wear Well", "Exquisite Three Meals", "Hot Mom and Cute Baby", "Pretty Homework", "Wonderful Travel", "Cute Pet Daily", "Literary Time", "Gambles", "Dimensional Wall", etc. (Yibang Power)

　　2. Ruhan Holdings submitted its IPO prospectus in the United States. Alibaba holds more than 8% of its shares.

　　On March 7, e-commerce company Ruhan Holdings submitted its IPO prospectus in the United States, planning to list on Nasdaq. The prospectus shows that the company's revenue was 856 million yuan in the first nine months of fiscal year 2019 and a net loss of 57.5 million yuan. Currently, Ruhan has 113 contracted internet celebrities, 148.4 million fans, and 91 self-operated online stores. Taobao holds 8.56% of its shares. (Tencent Technology)

　　3. Apple suppliers develop flexible glass: only 0.1 mm thick, does the iPhone also need to have a folding screen?

　　According to US media reports, Apple supplier Corning is developing a 0.1 mm thick flexible glass with a bending radius of up to 5 mm. It is expected that the glass will be released within two years. Although Corning is also a manufacturer of other brands of mobile phones, some industry analysts say that Apple's foldable glass screen phones may be released within a few years. (Sina Weibo)

　　4. Youzan mini program is connected to the "good things circle" to increase exposure for merchants

　　WeChat recently upgraded the "shopping list" function to a "good goods circle". Youzan, as the earliest developer of mini program to connect to WeChat shopping list, will provide more exposure opportunities for the merchant mini programs it serves. (Yibang Power)

　　5. China Resources Vanguard officially withdrew from 7 stores of Shandong Jiajiayue hosting

　　On March 7, Shandong local retailer Jiayue issued an announcement yesterday stating that the company held the 25th meeting of the second board of directors of the company on March 6, 2019, reviewed and passed the "Proposal on the Company's Signing of Asset Management Agreement", and agreed to sign the "Asset Management Agreement" with Tianjin China Resources Vanguard Life Supermarket Co., Ltd. (hereinafter referred to as "Tianjin China Resources") and Shandong China Resources Vanguard Life Supermarket Co., Ltd. (hereinafter referred to as "Shandong China Resources"). (E-commerce News)

　　Internet Information

　　6. BOSS Direct Recruitment Report: In 2018, Chinese women's salary was less than 80% of men

　　Mobile Internet recruitment platform BOSS Direct Recruitment has released the "2019 China Workplace Gender Difference Report". The report shows that in 2018, the average salary of women in China was 6,497 yuan, with an average salary of 78.3% of men. The salary advantage of men and women increased by 8.7 percentage points year-on-year compared with 2017. The increase in the salary differentiation of men and women in the high-income range has driven the increase in the overall salary difference between men and women. Position, industry, and years of work have become the first three factors that affect gender pay differences, and education plays a positive role in reducing gender differences. (China Business Network)

　　7. ByteDance lost $1.2 billion after launching TikTok last year

　　ByteDance lost $1.2 billion last year after launching the video app TikTok (TikTok short video international version). (The Information)

　　8. Amazon will close all 87 pop-up stores across the United States in April this year

　　March 7th news, early this morning, according to the Wall Street Journal, Amazon will close its 87 pop-up stores in the United States in April.

　　Amazon has pop-up stores in Whole Foods supermarkets, Kohl's stores and malls across the United States. These pop-up stores allow customers to try out Amazon products such as Fire tablets, Kindle e-readers, Echo smart speakers, and Amazon services such as Prime Video, Prime Audible and Kindle Unlimited.

　　"After multiple reviews, we decided to terminate our pop-up service terminal program." Amazon also said it will focus on building a new four-star store. In such a store, the company allows customers to browse and try to sell some products on their website with a customer rating of four stars or higher. Amazon also said it would open a new bookstore. (Titanium Media)

　　Cross-border e-commerce

　　9. Cross-border e-commerce logistics company "Zongteng Group" completed financing of 700 million yuan

　　Fujian Zongteng Network Co., Ltd. recently announced that it has completed a round B financing of RMB 700 million. This round of financing was led by Prolos and Kaihui Fund, and the old shareholder Zhongding Capital continued to follow up. Zongteng Group was established in Fuzhou in 2007. It is an international logistics provider serving cross-border e-commerce. It owns service brands such as "barn" and "yuntu". (36Kr)

　　10. Amazon's United Health Insurance Company is named "Hail".

　　The mysterious new healthcare company jointly invested by Amazon, Berkshire Hathaway and JPMorgan Chase were announced on Wednesday as Haven. Haven has also launched a website, hazhealthcare.com, and released a letter from CEO Atul Gawande. The surgeon, Harvard professor and writer was chosen to lead the business last June. (Sina Technology)

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