#Laogao E-commerce Newsletter# [June 10 E-commerce Morning News] JD.com: The three major brands under PRADA Group will settle in during JD.com during 618; the first Hema vegetable market opening coordinate of Wuhan, Kaixin Plaza; Amazon implements a packaging-free transportation plan in 9 cities in India; FedEx will no longer provide Amazon with American air express transportation services; Dong Mingzhu responds to the news that "Xiaomi's revenue surpassed Gree in the first quarter"...
E-commerce newsletter
1. JD.com: The three major brands under PRADA Group will be included during JD.com 618
JD.com announced that it has officially launched its cooperation with luxury brand PRADA. Prada, Miu Miu and Car Shoe, the three major brands under PRADA Group, are scheduled to enter the official market during JD.com during 618, and its 2019 autumn and winter new products will be launched simultaneously. (Tencent Technology)
2. FedEx will no longer provide Amazon with American air express transportation services
FedEx announced on Friday that it decided not to renew its U.S. express shipping contract with Amazon. The company said in a statement that it was a "strategic decision" and that the change would not affect other existing contracts with Amazon, including international shipping. Amazon’s contract with FedEx only affects air service, meaning FedEx will continue to be an operator and last-mile delivery partner. FedEx added that Amazon is not a big customer, accounting for only about 1.3% of its total revenue in 2018. (Sina Finance)
3. Walmart: Will resume direct delivery of fresh food to refrigerators
Walmart announced it would restart a service to deliver fresh food directly to consumers’ refrigerators, part of the company’s attempt to find unconventional ways to provide cheap, fast online order delivery services. Walmart tested this service in 2017, and cooperated with smart security company August Home and third-party express company Deliv to allow delivery personnel to use temporary unlocking codes to open customers' doors and put fresh food directly into the refrigerator. The testing service was cancelled one year after it was launched. (Sina Finance)
4. The first Hema Vegetable Market Opening Coordinate of Wuhan, Kaixin Plaza
On June 8, the first Hema vegetable market in Wuhan officially opened. So far, the number of Hema stores in Wuhan has reached 15, making it the city with the largest number of stores outside Beijing and Shanghai. It is understood that the store is located in Kaixin Plaza. In addition to Hema's existing 30-minute free delivery and daily fresh high-quality products, Kaixin Plaza store, as a more down-to-earth Hema vegetable market, also has affordable bulk meat and vegetables every day, ready-made and sold three meals a day, etc. (Lianshang.com)
5. Dong Mingzhu responded to the news that "Xiaomi's revenue surpassed Gree in the first quarter"
On June 9, in Anhui TV's "Character" program, Dong Mingzhu responded to the news that "Xiaomi's revenue surpassed Gree in the first quarter" and called out to Lei Jun again, "Since you are a five-year agreement, based on the indicators of the last year, you are far behind. If you add up the cumulative number of 5 years, you are even farther away, what can you explain in the first quarter?" Previously, Dong Mingzhu and Lei Jun made a public appointment with a bet at the award ceremony of CCTV's "Chinese Economic Person of the Year". The winning and losing standard of the bet is which Xiaomi or Gree has a higher revenue within 5 years. (E-commerce News)
Internet Information
6. Sohu joins the social war to launch fox friends, Zhang Chaoyang says this is Sohu's future
According to Tencent's "First Line", on the 9th, at the opening day of the Fox Friends APP, Sohu CEO Zhang Chaoyang announced that Sohu has launched the social product Fox Friends. According to the introduction, Fox Friends was first born in the "My" section of the Sohu News client and has been independently developed since last year. Today is a "official declaration of war." According to Zhang Chaoyang, Sohu News and Sohu Video are Sohu's present, and Fox Friends are Sohu's future. (36Kr)
7. Former ofo co-founder Xue Ding starts a business again: Turning to shared accommodation
Former co-founder ofo Xue Ding has now founded Maiji Intelligent, hoping to use technical means and standardized services to allow operators to manage and maintain the houses in time and effort. The team currently includes more than 10 people. Xue Ding said: "Ofo once spent a lot of effort to promote the 'big sharing plan', hoping to quickly absorb idle bicycles, but it was not smooth. For bicycles, such as 'extremely light assets', users do not have enough motivation to obtain such extremely low sharing income, but are more inclined to sell their cars." (Securities Times)
8. China's urban subway rankings are released: general losses, passenger volume in 6 cities does not meet the standards
In 2018, the average operating cost per vehicle-kilometer in urban rail transit nationwide was 23.8 yuan, and the operating income was 17.2 yuan; the average operating cost per person-kilometer was 0.84 yuan, and the operating income was 0.48 yuan. In 2018, only four cities including Hangzhou, Qingdao, Shenzhen, and Beijing achieved balance between income and expenditure, while the remaining 24 cities were operating at a loss. (21st Century Business Herald)
9. US internet celebrity e-commerce Revolve closed its listing and hit the third largest first-day trading record this year
According to June 9, the American Internet celebrity e-commerce company Revolve Group Inc. Shares briefly doubled after a $212 million initial public offering, closing down the third-largest first-day trading record for the U.S. stock market this year. Revolve's share price opened on Friday rose 40% from the $18 issue price before soaring to 111%. The company closed up 89% to $34 per share today, with a market value of about $2.33 billion, based on the outstanding shares listed in its IPO filing. (Sina Finance)
Cross-border e-commerce
10. Amazon implements packaging-free shipping plans in 9 cities in India
According to June 9, Amazon has recently expanded its packaging-free freight to nine cities in India, including Bangalore, Mumbai, New Delhi, Gurgaon, Noida, Chennai, Ahmedabad, Nagpur and Hyderabad. It is reported that the project is one of Amazon's sustainable development initiatives to achieve zero emissions, with its vision of zero carbon emissions to reach 50% by 2030. (E-commerce News)
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