#Laogao E-commerce Newsletter# [E-commerce Morning News on March 20]

　　#Laogao E-commerce Newsletter# [March 20 E-commerce Morning News] Xiaohongshu responded to layoffs: We have to recruit another building; Long Yu, chief legal officer of JD Group, resigned; Bian Nong, president of Suning Fast Consumer Group, disclosed the record of Suning Fast Consumer Products in 2018; Xiaomi Group: There are 586 Xiaomi Homes in mainland China, with a total of 1,378 authorized stores; JD.com requires employees to sort out their relationships with relatives and classmates...

　　E-commerce newsletter

　　1. Long Yu, chief legal officer of JD Group, resigns

　　According to reports on March 19, Longyu officially applied to resign from the position of chief legal officer of the group a few days ago. JD.com said that Longyu resigned due to personal career development and family reasons. JD.com has officially approved Longyu’s resignation application and will take effect on June 30. Liu Qiangdong, chairman of the board of directors and CEO of JD Group, mentioned that he had tried to keep Longyu many times, but in the end he could choose to respect his wishes. Longyu's resignation was "taking the initiative to give way to younger managers and seek new challenges." (E-commerce News)

　　2. Xiaohongshu responded to layoffs on one floor: We need to hire another building!

　　On March 19, it was revealed that the e-commerce social platform Xiaohongshu "cut off one floor of employees, and even the docking personnel who put advertising are not spared." Regarding this news, Xiaohongshu issued a recruitment notice today. The news is not true and there are no layoffs. We have to recruit a building! HR recruits baldness. (Financial Network)

　　3. Bian Nong, President of Suning Fast Consumer Group, disclosed the results of Suning's Fast Consumer Market in 2018

　　Bian Nong, President of Suning Fast Consumer Group, disclosed the 2018 Suning Fast Consumer record. In 2018, Suning Fast Consumer Products' omni-channel increased by 187% year-on-year. All 46 warehouses in Suning Cold Chain have been put into production nationwide, radiating to 179 cities. Suning’s instant buy and enjoy service has covered 71 cities, 25,000 communities and 75 million users across the country. (Yibang Power)

　　4. Xiaomi Group: There are 586 Xiaomi Homes in mainland China, with a total of 1,378 authorized stores

　　Xiaomi Group's fourth quarter financial report for 2018 today, the financial report shows that as of December 31, 2018, there were 586 Xiaomi Homes in mainland China. It is mainly distributed in first-tier, second-tier and third-tier cities. Xiaomi has accelerated its expansion of its authorized store network and has established a total of 1,378 authorized stores as of December 31, 2018. As of December 31, 2017, there were only 62 authorized stores. 22 times increase in one year. (36Kr)

　　5. JD.com requires employees to sort out their relationships with relatives and classmates

　　On March 19, JD.com issued a statement asking employees to sort out the relationship between relatives and classmates, saying: This time, the sorting of relationships between relatives and classmates of JD.com employees is a daily management measure, aiming to further improve management efficiency and establish a simple and transparent interpersonal relationship and a more fair promotion. (Sohu.com)

　　Internet Information

　　6. Ren Zhengfei: Meng Wanzhou has no technical background and will never be a successor forever

　　When asked if Meng Wanzhou had hope of becoming Huawei CEO, Huawei founder Ren Zhengfei said, "She will never be a successor forever because she has no technical background. Our successor must have technical insight and must have the ability to judge future technology and customer needs. She is a person with a financial background and should be said to be excellent in management, but as a leader, the leader has shortcomings and will not exist as a successor, which is certain." (Global Network)

　　7. Lei Jun and Dong Mingzhu's 1 billion bet has been decided: Gree's revenue is over 25 billion yuan

　　Xiaomi Group announced its 2018 financial report, achieving revenue of 174.9 billion yuan. In December 2013, Lei Jun and Dong Mingzhu set up a "gamble". If Xiaomi's turnover beats Gree within five years, Dong Mingzhu would give Lei Jun one billion. Previously, Gree Electric Appliances released a performance forecast that its total operating revenue in 2018 was 200 billion yuan to 201 billion yuan. This number means Lei Jun eventually lost the "billion bet". (AI Finance and Economics)

　　8. Tencent responded that WeChat avatar nicknames are prohibited from being used in Duoshan: nonsense, lawsuits have been filed

　　According to reports on March 19, DuoShan App previously sent a pop-up window to users, saying that due to Tencent’s request, it hoped that users would modify their account avatar and nickname on DuoShan or WeChat. In response, Tencent responded that it was purely nonsense of changing concepts. Douyin violates the principle of integrity and uses user avatars, nicknames and other data from WeChat/QQ in violation of regulations, and provides Duoshan with authorized login service provided by Tencent to Douyin to Duoshan. Tencent stated that it has filed a lawsuit with the court and applied for an injunction of the behavior of unfair competition and infringement of users' legitimate rights and interests. (E-commerce News)

　　9. Knowledge short video service provider "Sizhi TV" received tens of millions of A+ strategic round financing from New Oriental

　　Knowledge short video service provider "Sizhi TV" recently completed a round of A+ financing of tens of millions of yuan in New Oriental. Vision is a short video company focusing on knowledge explanation and persuasion, that is, presenting knowledge and content in the form of short videos. As of February 2019, Sizhi has launched more than 3,500 videos in all channels across the network, with nearly 1 billion clicks per month, and the average number of views of a single video on the entire network is 6 million. (36Kr)

　　Cross-border e-commerce

　　10. Alibaba International Station will launch new functions for visitor portraits

　　The guest portrait function is a new data management function that Alibaba will be launched soon. Alibaba International Station will gradually open this function from February 25, and will be fully opened on March 14. During the internal testing period, domestic traffic cannot be excluded.

　　The function of the "Visitor Portrait" is to analyze the characteristics of the store customers, help sellers to more accurately grasp consumers' preferences and needs, so that sellers are more targeted in product optimization and operation promotion, thereby improving store traffic conversion and exploring potential business opportunities. (E-commerce News)

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