#Laogao E-commerce Newsletter# [E-commerce Evening News on March 11]

E-commerce newsletter

1. UBS: Pinduoduo GMV will exceed 2 trillion in three years, and weak public communication skills will become the main shortcoming

UBS analysts believe that as a 2.0-generation e-commerce company, Pinduoduo has become China's second largest e-commerce platform and will continue to grow rapidly. In 2021, Pinduoduo's annual active users will reach 628 million, the same as Alibaba Group's number of users at the end of 2018; in 2023, Pinduoduo's average annual consumption will reach 3,823 yuan, surpassing JD's current level represented by high customer unit prices. UBS believes that weak public communication skills have become an important shortcoming in the company's development. (36Kr)

2. Suning.com Standard 315: Filing counterfeiters for one million and clearing them

On March 11, Suning.com sorted out the risk points such as price errors, inventory abnormalities, product page ambiguity, etc. that are likely to appear on the platform during the 315 "International Consumer Rights Day". At present, Suning.com has established a "order brushing" monitoring model to conduct real-time monitoring of merchants' order brushing; for monitoring and confirming that orders are brushing, it directly prevents order transactions. If you find that there is "brushing orders" or "brushing evaluation" will be deducted and removed from the shelves according to the rules of Suning.com platform. (E-commerce News)

3. "SF DHL" debuts

"SF DHL Supply Chain China" co-branded brand of SF Holdings and Deutsche Post DHL Group (DPDHL Group) made its public debut. The new co-branded brand means that SF Express and DPDHL Group will work together to vigorously expand supply chain business in Greater China. SF DHL is headquartered in Shanghai, and former DHL Supply Chain Greater China CEO Zou Yin has been appointed as CEO of the new co-brand. Wang Wei, chairman of SF Holdings, said, "Today is a milestone in SF Express's development, marking that SF Express has officially entered a supply chain company from a express delivery company." (Interface)

4. The US retail industry ushers in a new wave of closures. The number of stores closed may exceed 10,000 throughout the year.

According to statistics, just over two months have passed this year, US retailers have announced plans to close about 4,800 stores, which is not only more than twice the same period last year, but also almost the same as last year. Some analysts expect that the total number of store closures by US retailers this year will reach 12,000. (E-commerce News)

5. UK high street retail record worst data in ten years in February

According to reports on March 11, data showed that the UK retail performance in February was the worst in 10 years, with physical store sales falling by 3.7% during the period. Among them, lifestyle brands have negative growth for the 13th consecutive month since November 2008, with store sales falling by 4.9%, and store sales of fashion brands fell by 3.5%, compared with a 1.9% decline in the same period last year. (E-commerce News)

Internet news

6. Ant Financial Insider: There is currently no listing schedule

Ant Financial insiders said there is currently no listing schedule. Previously, according to the news, a member of the National Committee of the Chinese People's Political Consultative Conference who did not want to be named said that its investment in Ant Financial is preparing for the Science and Technology Innovation Board, but according to the speed of the Science and Technology Innovation Board, it may not be able to catch up with the first batch. (Sina Technology)

7. Alibaba's "One Thousand US Dollar Plan" covers 221 national-level poverty-stricken counties

According to reports on March 11, Alibaba's "One Thousand US dollars per mu" has covered 221 national-level poverty-stricken counties, incubated more than 2,500 brands, covered more than 3 million people in poor counties, and led to more than 200,000 jobs in poor counties. (E-commerce News)

8. Mobike: It is optimizing international business. Those who do not meet the goals will be closed or cooperated to operate.

In response to the media reports that Mobike will close all international businesses, Mobike responded, "We are currently seeking to optimize Mobike's international business. Under this principle, Mobike will close its business in some Asian countries in the near future; this adjustment will involve more than ten local employees, and we will be placed in accordance with local laws and regulations." "At the same time, we will continue to evaluate business in other countries and regions. Businesses that do not meet the operating efficiency goals will be closed one after another or optimized operations through strategic cooperation." (36Kr)

9. Ctrip responded to "big data killing old customers" and apologized. Secondary payment without tickets is a system bug

On March 11, Ctrip responded to "big data killing old customers" and said that Ctrip has no "big data killing old customers". During the review, it was discovered that there was a bug in the air ticket reservation program in the new version released on February 26. After discovering this problem, Ctrip urgently fixed the bug at 23:00 on March 10. At present, users will not encounter such problems again during the booking of air tickets. (E-commerce News)

Cross-border newsletter

10. AliExpress brings "domestic products" to Tmall's 50 million-level beauty brand "domestic products" overseas

On March 11, Alibaba AliExpress joined hands with 11 Tmall 50 million-level beauty brands including Dabao, Yunifang, Membara, Yiyezi, Xiangyi Bencao, Yameng, Jindao, etc., to jointly open a new milestone for Chinese cosmetic brands and major manufacturers to go overseas. AliExpress said that this year it will focus on promoting beauty brand support plans, incubating 1,000 brand new domestic beauty brands, helping them achieve brand transformation from trade enterprises, and promoting at least 100 domestic brands to go overseas, creating a new "light of domestic products" for China's beauty industry to go overseas. (E-commerce News)

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