#Laogao E-commerce Newsletter #May 9 E-commerce Evening News

　　#Laogao E-commerce News# [May 9 E-commerce Evening News Brief] #JD withdraws from Australian Market#: The person in charge of the regional headquarters closed and resigns; Carrefour responds to the sale of Chinese business: not on the agenda; Douyin will add a "product column" to cooperate with mini programs to shorten the e-commerce path; JD's latest equity exposure: Liu Qiangdong holds 15.4% of the shares and has 79% of the voting rights; Tmall will incubate new consumer electronics products in C2M customization and intelligent form...

　　E-commerce newsletter

　　1. Tmall will incubate new consumer electronic products in C2M customization and intelligent form

　　On May 9, the 4th Tmall TES (Tmall Consumer Electronics Ecological Summit) was held in Yunqi Town. At the meeting, Yang Guang, general manager of Tmall Consumer Electronics Division, said that in 2019, it will take "growth" as its core goal and announced four major business strategies for 2019: launching a new customer plan; realizing industrial supply-side upgrades through C2M customization and IoT technology sharing; helping brands improve operating efficiency; and protecting brand intellectual property rights.

　　In the future, Tmall will build a new model of C2M customized algorithms for the consumer electronics industry, and plans to empower 100 brands and incubate 1,000 customized products. (Europe)

　　2. JD’s latest equity exposure: Liu Qiangdong holds 15.4% of the shares and has 79% of the voting rights

　　JD Group recently submitted its 2018 annual report to the US SEC. The annual report shows that as of February 28, 2019, JD Group CEO Liu Qiangdong held 15.4% of JD Group's equity, the second largest shareholder, and the 79% voting rights; Tencent held 17.8%, the largest shareholder, and the 4.5% voting rights; Walmart held 9.9%, and the third largest shareholder, and the 2.5% voting rights. (Thunder Emperor touches the Internet)

　　3. Douyin will add a "product column" to shorten the e-commerce path in cooperation with mini programs

　　TikTok will add the "Product" category to the search bar soon. All products entering the product library through mini-program access will be synchronized to the site search engine, and users can obtain product information links by searching for keywords. This function will make Douyin users more direct in finding products and smoother in shopping experience. It also means that Douyin e-commerce mini program has a new entrance and way to reach users in the search bar. (New Business Intelligence NBT)

　　4. Carrefour responds to selling Chinese business: not on the agenda

　　On May 8, media reports said that according to Bloomberg, citing people familiar with the matter, Carrefour is considering multiple plans including selling its Chinese business, and may follow the pace of several other multinational retail companies that have withdrawn from the Chinese market in recent years. The French retail giant is working with consultants and has begun reaching out to potential buyers, people familiar with the matter said. In response, Carrefour told reporters that selling Chinese business is "not above the agenda." (Sina Finance)

　　5. The top 100 Chinese chain chains were released in 2018: Suning, Gome, and China Resources Vanguard

　　The China Chain Management Association released the list of "Top 100 Chinese Chain Chain in 2018". Suning.com, Gome Retail, CR Vanguard, RT-Mart and Wal-Mart ranked the top five, and Hema Fresh ranked 47th. In 2018, the sales volume of the top 100 chain chain was 2.4 trillion yuan, an increase of 7.7% year-on-year, accounting for 6.3% of the total retail sales of consumer goods, an increase of 0.3 percentage points over the previous year. The total number of top 100 chain stores was 138,000, an increase of 16% year-on-year. Excluding the convenience store store factor (including Suning Store), the growth rate of the top 100 stores was 9.1%, the same as last year. (Lianshang.com)

　　Internet news

　　6. #JD withdraws from Australian market#: The person in charge of the closure of regional headquarters resigns

　　On May 9, local Australian media reported that JD.com withdrew from the Australian market. After 15 months of operation, its regional headquarters quietly closed, the person in charge resigned, and the business was merged into Chinese domestic departments to be responsible. In response, JD.com responded that the establishment of local offices is to attract Australian brands to the country more conveniently, and the resident agencies have completed their historical mission, which is a normal adjustment. (Sina Weibo)

　　7. Lu Qi talks about mini programs: It can make up for the shortcomings of the App ecosystem, and investment will also pay attention to it.

　　Regarding mini programs, Lu Qi, founder and CEO of YC China and dean of YC Global Research Institute, believes that mini programs can make up for the shortcomings of the App ecosystem. Especially in terms of user experience, mini programs provide entrepreneurial teams with a new customer acquisition opportunity, and some usage scenarios can also be used with mini programs. Lu Qi mentioned that several startups invested in YC China and YC China make full use of mini programs. From the perspective of YC investment, we will also pay attention to mini programs. (Sina Technology)

　　8. Ministry of Commerce: The online retail market will continue to grow rapidly this year

　　Gao Feng, spokesperson of the Ministry of Commerce, said on the 9th that it is expected that the online retail market will continue to maintain a rapid growth trend this year, and will play a greater role and make greater contributions in promoting consumption upgrades, helping poverty alleviation, improving the level of openness, and serving green development. (Securities Times)

　　9. Tmall makes efforts to C2M and IoT smart appliances, and jointly incubate 1,000 customized products with brands

　　Yang Guang, general manager of Tmall Consumer Electronics Division, announced the four major business strategies for 2019 at the 4th Tmall TES (Tmall Consumer Electronics Ecological Summit): launching a new customer plan; realizing industrial supply-side upgrades through C2M customization and IoT technology sharing; helping brands improve operating efficiency; and protecting brand intellectual property rights. In the future, Tmall will build a new model of C2M customized algorithms for the consumer electronics industry, and plans to empower 100 brands and incubate 1,000 customized products. (Tianji.com)

　　Cross-border newsletter

　　10. Alibaba allows foreign retailers to settle in AliExpress now opens to 4 countries

　　On May 9th, Chinese e-commerce group Alibaba is reforming its business model to provide comprehensive international services that can challenge Amazon, the world's largest online retailer. Foreign media reported that Alibaba has strengthened its competition with Amazon in the global e-commerce market. AliExpress has opened its platform to overseas retailers for the first time, allowing small and medium-sized enterprises in four countries, including Russia, Turkey, Italy and Spain, to register and sell products on the AliExpress website. (E-commerce News)

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