#Laogao E-commerce Newsletter #March 29 E-commerce Morning News

E-commerce newsletter

1. Ali Wang Shuai: Malicious trauma cannot harm Alibaba, nor can it alleviate the dilemma of competition

Wang Shuai, partner of Alibaba and chairman of Alibaba Group Market Public Relations Committee, said in his circle of friends that Alibaba is the only foreign company in the US capital market with a market value of the top ten. Malicious slander cannot harm Alibaba, nor can it alleviate its own competition dilemma. Alibaba will definitely abide by the legal provisions worldwide, even if it has different views and views from some laws. Alibaba was proud of Alipay's decision at that time, and also won the respect and support of new and old shareholders and directors. (36Kr)

2. Pinduoduo co-founder Dada: Pinduoduo faces challenges and it is difficult to integrate the supply chain

Pinduoduo co-founder Dada said that Pinduoduo makes fruits and Pinhaohuo makes fruits and there is not much difference between the previous fresh food e-commerce companies on the supply chain side. It is to directly send direct delivery from the origin to consumers, which is actually an optimization of the supply chain side. But he also pointed out that the difficulty of integrating the supply chain increases exponentially with the order magnitude. Dada said that when Pinduoduo makes a new brand plan, it will find strong supply chain partners in each industry and factories with the best production capacity, and Pinduoduo provides the value of marketing and marketing. (Blue Whale TMT)

3. JD Logistics launches its first IoT sorting system

On March 28, JD Logistics recently launched its first IoT sorting system independently developed. JD.com said that the system is based on the Internet of Things technology and integrates intelligent queuing and introduction technology, ultra-high frequency 360° code reading technology, flexible sorting technology and other intelligent technologies; it can complete 4,000 bag-pack sorting tasks every hour, that is, it takes 0.9 seconds to identify and sort a bag, and the sorting accuracy rate can reach 99.99%. (E-commerce News)

4. YTO Express International appointed Huang Yifeng as the company's president

On March 28, YTO Express International issued an announcement stating that from March 28, 2019, Li Xianjun resigned as the company's president and remained as the company's executive director. Huang Yifeng, the current vice president of the company, was appointed as the company's president. (Sina Technology)

5. WeChat officially opens the good product recommendation interface capability

On March 28, WeChat officially opened the ability to recommend good products. After accessing the good product recommendation interface capability through mini programs or public account H5, developers can give items more exposure opportunities and allow users to "endorse" good products, etc. "Good Things Circle" is a social relationship-based "circle" of good things recommended by WeChat, for users to share their favorite products, books, videos, attractions, etc. (IT Home)

Internet Information

6. Baidu launches the entire network video search client "Quick Search Video"

According to reports on March 28, Baidu recently launched "Quaisou Video" on the Apple App Store, introducing that "Quaisou Video" is a video search client on the entire network, mainly with two major functions: hot search content and high-quality film lists. The former provides hot search film and television content on the entire network, and the latter collects high-quality film lists on the entire network.

(Sohu.com)

7. Qutoutiao received approximately US$171 million in investment from Alibaba, and rose by more than 14% before the market

Qutoutiao issued an announcement stating that it had reached a convertible loan agreement with Alibaba, with an investment amount of approximately US$171 million. Under the agreement, the loan will be converted into Qutoutiao’s Class A common stock with a conversion price of $60 per share or $15 per ADS. According to the conversion agreement, Qutoutiao will issue new shares to Alibaba, which is expected to account for 4% of the total share capital. Affected by this news, Qutoutiao once rose by more than 14% before the market. As of press time, Qutoutiao was at $11.49 before the market, up 10.53%. (36Kr)

8. Meituan Dianping Wang Xing: Plan to launch a subscription service similar to Amazon Prime

On March 28, Meituan Dianping CEO Wang Xing said that he plans to launch a subscription service similar to Amazon Prime. Regarding this subscription service, Meituan Chief Financial Officer Chen Shaohui introduced that one of the options is membership rating, including free riding of Meituan's Mobike. (Sina Finance)

9. Lei Jun: Xiaomi only earns a little money like tips

On March 28, Lei Jun said in an interview that Xiaomi’s purpose is to have a playful heart, make things interesting and fun, and make friends with consumers. When asked, "Can you make money by fun and fun?", Lei Jun said: "You can make money by providing users with valuable things, not to mention that Xiaomi only makes a little money, just like charging a tip." (Tencent Technology)

Cross-border e-commerce

10. Vipshop’s overseas social e-commerce project Octopus shopkeeper is officially closed

On March 27, Vipshop’s overseas social e-commerce project, “Octopus Shopkeeper”, has been officially closed.

It is reported that Octopus Shopkeeper uses the WeChat ecosystem as the basic channel and overseas Chinese as the target user group, and first enters from the two markets of North America and Singapore. But it hopes to leverage the business attempts of overseas Chinese consumers through WeChat, which officially came to an end after less than half a year. (E-commerce News)

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