#Laogao E-commerce Newsletter #March 20 E-commerce Evening News

　　#Laogao E-commerce News# [E-commerce Evening News on March 20] Lei Jun responded to the loss of 1 billion bet: he has not seen Gree's official financial report yet, and he has contact with Dong Mingzhu; Alibaba, Tencent and others may consider bidding for Watsons shares worth US$3 billion; Xiaohongshu launched a brand account and upgraded five major modules; 1919 Chairman Yang Lingjiang: Alibaba's investment in 1919 brought many changes; RT-Mart store Taoxianda's service scope has been expanded to 5 kilometers, including more than 400 stores in 160 cities...

　　E-commerce newsletter

　　1. Alibaba, Tencent and others may consider bidding for $3 billion worth of Watsons shares

　　On March 20, Temasek is considering selling 10% of Watsons' shares for US$3 billion, and Tencent and Alibaba are bidding. Potential buyers will be invited to attend this month's management briefing, people familiar with the matter said. The final decision has not been made yet, and potential buyers may not necessarily make a tangible offer - valuation expectations differences may make the deal difficult to reach, and Temasek may still decide to retain shares, according to people familiar with the matter. Alibaba, Tencent and Temasek declined to comment. (E-commerce News)

　　2. Lei Jun talks about "1 billion bet": He hasn't seen Gree's official financial report yet, so he has contact with Dong Mingzhu

　　On March 20, at Xiaomi's 2018 performance conference, Lei Jun was asked about the result of the "five-year 1 billion bet" with Dong Mingzhu, Lei Jun said that he had not seen Gree's official financial report yet. When asked if he had contacted Dong Mingzhu, he smiled and said that Dong Mingzhu had contacted him. (E-commerce News)

　　3. Xiaohongshu launched a brand account and upgraded five major modules

　　On March 20, Xiaohongshu launched a brand account and upgraded five major modules based on the original brand account: 1. Official certification logos, with more display portals; 2. Brand operation, search discovery and content distribution, guiding users to pay attention; 3. Fan interaction, and a variety of operation tools promote more fan interaction and increase user stickiness; 4. Data insight, insight into multi-dimensional data reports through the backend of the brand account, and enhance content marketing; 5. Open up transactions and configure Xiaohongshu brand flagship store to achieve efficient traffic conversion. (Webmaster's Home)

　　4. 1919 Chairman Yang Lingjiang: Alibaba's investment in 1919 brings many changes

　　According to reports on March 20, Yang Lingjiang, founder and chairman of 1919, said that Alibaba's investment in 1919 has brought many changes to the company: first, it has brought more sufficient funds, second, it has brought value of brand endorsement, third, it has brought new corporate governance and culture, and fourth, it has brought empowerment to the company in terms of business. In October last year, 1919 announced that it received 2 billion yuan in strategic investment from Alibaba, with Alibaba holding about 29% of the shares, becoming the second largest shareholder in 1919. After this round of financing, the valuation of 1919 reached 7 billion yuan. (E-commerce News)

　　5. TikTok President Zhang Nan: How did my avatar and nickname become Tencent’s

　　Douyin President Zhang Nan said on WeChat headlines, "Tencent requires us to directly delete avatars and nicknames that are authorized and synchronized by a large number of users on Duoshuang App, including my own avatar. For the sake of user experience, Duoshuang Team prompted users to modify them on their own. The copywriting was not plain and clear enough. I criticized the team yesterday." Zhang Nan said, "Tencent requires our server to directly delete user data, including my own avatar and nickname... Why did the avatar and nickname that I have used for more than ten years become Tencent?" (36Kr)

　　Internet news

　　6. Xiaomi announces launch of Xiaomi Payment in India

　　According to foreign media reports, Xiaomi officially launched Xiaomi payment service to the Indian market. The establishment of Xiaomi payment platform is based on the unified payment interface in India, cooperates with Indian National Payment Corporation and Indian Industrial Credit Investment Bank, and supports more than 120 banks. This service provides instant face-to-face transfers to Xiaomi users or bank accounts, allowing instant payments from other built-in Xiaomi applications, and can also pay bills such as gas, water, and electricity. Xiaomi said that to ensure the security of user data, Xiaomi payment data is only stored on Indian servers. (Global Network)

　　7. Fliggy launches "Fliggy Shopping", outbound tourists can purchase overseas products

　　Fliggy announced the launch of "Fliggy Shopping", where outbound tourists can book and purchase overseas products in advance on the Fliggy platform. At present, Japan's LAOX duty-free flagship store has taken the lead in "Flying Pig Shopping", and LAOX's first batch of eight stores have launched this service. Zhu Haowen, head of the "Flying Pig Shopping" business, said, "Shanghai Port Cruise Duty Free Shop will also be launched on 'Flying Pig Shopping' soon. Tourists entering and leaving the country by cruise ship from Shanghai will soon enjoy a convenient shopping service experience." (36Kr News)

　　8. Mom.com held a press conference on the development of Southeast Asia and officially entered the overseas market

　　On March 15, Yang Gang, CEO of Mama.com, announced at a strategic press conference that Mama.com will officially enter the Southeast Asian market. The first stop of Mama.com's entry into Southeast Asia is Malaysia. It will deploy maternal and infant apps locally to provide maternal and infant services to local maternal and infant populations, and gradually expand to other Southeast Asian countries. (36Kr)

　　9. The service scope of RT-Mart stores Taoxianda has been expanded to 5 kilometers, including more than 400 stores in 160 cities.

　　Sources said that the delivery scope of Taoxianda service in RT-Mart stores has been fully expanded from 3 kilometers to 5 kilometers. Currently, RT-Mart has more than 400 stores nationwide, covering 160 cities. In early March, RT-Mart Chairman Huang Mingduan said at the performance press conference that 2018 is the first year of Gao Xin’s retail digital reform, and 2019 will be the year when new retail reforms accelerate. (Crowdfunding Home)

　　Cross-border newsletter

　　10. Wish, the third largest e-commerce platform in the United States, will conduct IPO within 1-2 years

　　In an interview with Forbes, the founder of Wish said that in 2018, Wish was the most downloaded shopping app in the world, and now it is the third largest e-commerce platform in the United States (based on sales). Around the world, approximately 90 million users use Wish at least once a month. Wish charges 15% of the payment paid by customers, and its operating income has doubled to $1.9 billion. Peter said he was preparing to usher in an IPO within one to two years. (Europe)

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