#Laogao E-commerce Newsletter# [E-commerce Evening News on March 14] Pinduoduo's GMV in 2018 reached 471.6 billion yuan, a year-on-year increase of 234%; Mogujie's new regulations: live-streaming store product review will not be blocked; UC India: 10 million short video users in 2018; Huawei Yu Chengdong: The goal of offline experience stores is to expand to nearly 10,000; Zhang Yiming talks about socializing: In order to protect users' right to share communication, there is no expectation for Duo flash...
E-commerce newsletter
1. Pinduoduo's GMV in 2018 reached 471.6 billion yuan, a year-on-year increase of 234%.
On the evening of March 13, according to Pinduoduo's fourth quarter and full-year financial report for 2018, the number of annual active buyers on the Pinduoduo platform reached 418.5 million and increased by 71% year-on-year. In the fourth quarter, the average monthly active users of Pinduoduo App reached 272.6 million, a year-on-year increase of 93%. In 2018, the platform's GMV reached 471.6 billion yuan, a year-on-year increase of 234%; the annual average consumption of active buyers of Pinduoduo reached 1126.9 yuan, nearly doubled year-on-year; the annual average orders of active buyers of the platform reached 26.56, a year-on-year increase of 51%. (E-commerce News)
2. Mogujie’s new regulations: Live store product review will not be blocked
Mogujie has adjusted the "Mogujie Product Preliminary Review Rules": If the pictures in the product are too exposed, the platform does not support displaying on the picture wall, and the merchant will only display it in the store picture wall; if the review pass rate is ≤30%, the store will be blocked for 24 hours to permanently blocked depending on the severity of the circumstances; if it is found that the merchant uses special means to avoid the processing rules for the excessive distribution of goods, the store will be blocked for 24 hours to permanently blocked for 24 hours depending on the severity of the circumstances. The new regulations will take effect on March 16. (Yibang Power)
3. UC India: Short video users increased by 10 million in 2018
On March 14, UC announced recently at StreamCon Asia, the Indian video industry summit, that the Indian content consumption market is about to enter the era of short videos. In 2018, short video consumption on UC accounts for 40%, and short video users increased by 10 million. The total production of short videos on the UC platform exceeded 36 million throughout the year, with an average of nearly 100,000 per day. Xi Yu, general manager of UC International Marketing at Alibaba Entertainment, said that UC’s primary strategy in 2019 is to accelerate the development of short content, including short videos. (E-commerce News)
4. Huawei Yu Chengdong: The goal of offline experience stores is to expand to nearly 10,000
Huawei Consumer Business CEO Yu Chengdong said at the HILINK Ecological Conference 2019 that "Huawei offline experience stores currently have 4,000, and the goal is to expand to nearly 10,000." (Cailianshe)
5. Alipay cooperates with Barclays Bank in the UK to access 110,000 merchants
Barclaycard, a subsidiary of Barclaycard, which handles nearly half of the UK card transactions, will help its coverage of more than 110,000 British merchants to access Alipay. (36Kr)
Internet news
6. The first instance judgment of the first case involving WeChat mini program
On February 27, the first instance verdict was announced in the first instance of the first case involving WeChat mini program. A Hangzhou Internet company, which enjoys the right to disseminate works of works by a small program operated by a network company in Changsha, sued the above-mentioned company and told Tencent as the second time to court. The plaintiff asked Tencent and the specific operator to jointly bear the tort liability and remove the mini-programs involved in the case. After trial, the defendant Changsha Internet company was ruled to compensate the plaintiff for economic losses of 15,000 yuan per case, and the plaintiff's lawsuit against Tencent Company was rejected. (China Press, Publication, Radio, Television)
7. Zhang Yiming talks about socializing: In order to protect users' right to share communication, no expectations for Duo flash
On March 14, Zhang Yiming, founder and CEO of ByteDance, said when talking about why he is socializing, "We can give up commercial interests, avoid competition, and not do something, but how do we face the complaints of these 200,000 users? Should this problem be solved?" Zhang Yiming said, "Yesterday a classmate asked me if I had any expectations for Duoshan? I said that the expectation for Duoshan is that there is no expectation. How to protect these users' right to share communication is an important problem that needs to be solved. Our expectations are to keep thinking, constantly trying, and find ways to make breakthroughs." (E-commerce News)
8. Baidu applies for patents related to driverless cars
Tianyan Check data shows that recently, Baidu Online Network Technology (Beijing) Co., Ltd. has added several new patent applications. These include sensor combination devices of driverless cars; classification methods, devices, equipment, storage media and vehicles of driverless cars; control methods and devices of driverless cars. (36Kr)
9. Facebook's application has been shut down and some users cannot use it for more than 10 hours
On March 14, Facebook said on Wednesday that some users around the world have no way to use the company's Instagram, Whatsapp and Facebook apps, which are the longest disconnection in recent times. Facebook informed users on Twitter that the company is working to resolve the issue as soon as possible, and also confirmed that it has nothing to do with the company's decentralized blocking service attack (DDoS); some users are unable to connect to the applications for more than 10 hours. (E-commerce News)
Cross-border newsletter
10. Wish adds an appendix to misleading product policies
It is understood that recently, Wish, a global cross-border mobile e-commerce platform, has added an appendix to the misleading product policies.
The appendix shows that if a product variant is detected to be misleading, the variant will be removed from the product, the merchant will face a $100 fine for each variant order, and all order amounts will be 100% confiscated; the minimum fine for each misleading product variant is $100. The policy will take effect at 0:00 (UTC time) on March 20, 2019.
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