#Laogao E-commerce Newsletter# April 4th E-commerce Morning News

E-commerce newsletter

1. Wang Xing: If Taobao can beat Pinduoduo, Jiang Fan will be the successor of Alibaba CEO

On the evening of April 3, Meituan CEO Wang Xing forwarded the article "100 Paranoias of Huang Zheng" on his Moments today, and commented that in the next few years, it will be a great deal to see how Pinduoduo CEO Huang Zheng and Taobao Tmall CEO Jiang Fan compete. Wang Xing said that if Jiang Fan can win this battle, he will be the well-deserved successor of Alibaba CEO, if he is interested in doing this. (Thunder Emperor touches the Internet)

2. Ruhan Holdings, the first online celebrity e-commerce stock, closed down 37.2% on the first day of listing

Ruhan, the first internet celebrity e-commerce stock, was listed on Nasdaq on Wednesday, with the stock code "RUHN" closing at $7.85, down 37.2% from the issue price of $12.5, with a market value of $649 million. As of press time, it was at $7.6 after the market, down 3.18%. (36Kr)

3. B station responds to the launch of the e-commerce mini program: the upgraded version of the e-commerce store is currently in the internal testing stage

Regarding reports that B station launched an e-commerce mini program called "Potential Energy List Mower", B station responded that this function is an upgraded version of the e-commerce store and is currently in the internal testing stage and the name is not determined. (36Kr)

4. Wang Lei announced the new strategy of Alibaba’s local life: no limit on investment in third and fourth tiers

On the evening of April 3, when Alibaba announced its full acquisition of Ele.me for one year and one day, Wang Lei, president of Alibaba's local life service company, announced the competitive strategy of "rapidly developing third- and fourth-tier cities" at the launch meeting of the new year, and asked Ele.me to continue to be a "windmaker" in the local life service field.

"We will definitely reach 50% of the market share, and there are different ways of playing at each stage," said Wang Lei. According to reports, Ele.me’s current strategy of playing at the moment is to quickly develop third- and fourth-tier cities and help local merchants improve the efficiency and quality of serving consumers through digital upgrades. "Our 'bullet' must be enough!" Wang Lei said, "Ali has been obsessed with local life services for 10 years. Now it is time to have a resounding response. The group will support us without hesitation and resolutely support us to fight to the end!" (E-commerce Daily)

5. Apple News Subscription Service is launched 48 hours to attract 200,000 users

On April 3, Apple's latest news subscription service, Apple News Plus, attracted more than 200,000 users 48 hours before it went online. Last week, Apple launched Apple News Plus, a news subscription service that costs $9.99 a month. Through this service, users can read articles in various publications, including more than 300 magazines. The service is free in the first month, thus attracting users to use. (Crowdfunding Home)

Internet Information

6. Ofo responded to "bankruptcy" for the second time: the user has communicated with the court for verification

On the evening of April 3, Beijing Becklock, the operating entity ofo, appeared on the National Enterprise Bankruptcy Reorganization Case Information Network recently. In response, ofo responded again today, saying that after confirmation, the cause of the incident was that a ofo user went to the court to apply for bankruptcy of Beijing Becklock Technology Co., Ltd., and the case is still in the verification stage. ofo has communicated with the court on related matters.

ofo said that the company is still operating normally in various cities and has continuous investment and management. I sincerely apologize for the temporary arrears of user deposit and have been actively seeking ways to refund the deposit for users. Ofo will insist on being responsible to the end. (Sina Technology)

7. Huawei authorizes consumer business reform, sales revenue target of US$150 billion in 2023

According to the internal speech of Huawei founder Ren Zhengfei released by Huawei Xinsheng Community, Ren Zhengfei said that Huawei’s reform focus this year is on the operator BG (CNBG) and on the other hand, consumer BG (CBG). CNBG reform is the strategic focus of the group's personal attention. In addition, Huawei authorized CBG to "corps combat" and independently reformed. The content of the reform includes organizational structure design and salary system. The Consumer Management Committee still has jurisdiction over the business system. Ren Zhengfei mentioned that CBG will reach US$150 billion in sales revenue in 2023. (36Kr)

8. The first overseas fresh food farm of JD.com was established

On April 3, Yibang Power learned that the first overseas offshore fresh food farm jointly built by JD Group and Pinzhen International Holdings Co., Ltd. officially settled in Seri Bagawan, the capital of Brunei.

This is the first overseas fresh seafood farm created by JD.com and Pinzhen International Holdings Co., Ltd. This is the largest offshore aquaculture project in Brunei, mainly marine blue shrimp farming and cage farming grouper. At present, the breeding base is still expanding in scale and is planned to expand 10 times in the next two years. (Yibang Power Network)

9. H&M opens up Xianyu online recycling to complete orders for coupons

On April 3, H&M's Tmall flagship store recently launched a new feature. Just log in to H&M's Tmall flagship store and click on the "Old Clothing Recycling" entrance on the homepage to complete a series of online recycling of clothes through Xianyu.

It is reported that the scope of recycling of old clothes includes clothing, home textiles, etc. Regardless of brand or old damage, as long as it is more than 5 kilograms, a courier will come to pick up old clothes for free at the agreed time.

After the order is recovered, users can directly receive a H&M Tmall coupon for 30 off on the order page, and can charge 790g of Ant Forest Energy within 24 hours. (Yibang Power Network)

Cross-border e-commerce

10. Former Walmart executive: Price cuts in Whole Foods supermarkets may not help Amazon's sales

April 4 news, Simon, who often criticized Amazon, told CNBC on Wednesday that the recent price cuts may "foreshadow that Amazon's strategy has not worked as much as they expected." Whole Foods launched a price discount strategy at its stores on Wednesday. (E-commerce News)

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