#Laogao E-commerce Newsletter #June 11 E-commerce Morning News

　　#Laogao E-commerce Newsletter# [E-commerce Morning News on June 11] Jack Ma: The digital age is the biggest opportunity we face, and the biggest risk is the risk of missing opportunities; Tmall Worry-free Shopping carries out "peak experience" certification for merchants; Pinduoduo announced the 618 "post-college entrance examination economy" data: male users consume 40% of beauty products; Alibaba responded that "will submit a listing application within a few weeks": no comment; the "Baijia Yonghui" company launch meeting was officially held, and the first store will be opened in June this year...

　　E-commerce newsletter

　　1. Tmall Worry-free Shopping carries out "peak experience" certification for merchants

　　According to June 10, starting today, Tmall Worry-free Shopping will carry out "peak experience" certification for merchants from three dimensions: product quality, logistics and after-sales service. At present, the Tmall platform has announced the latest certification rules to merchants. Consumers can see the "Tmall Worry-free Shopping" label under most Tmall products. Different products cover different supporting services, such as most home appliances are equipped with "delivery and load-to-door" services. It is understood that "Tmall Worry-free Shopping" was launched in 2016 and requires assessment of the full-link consumption experience of the product. (Yibang Power Network)

　　2. Pinduoduo announces 618 "Post College Entrance Examination Economy" data: Male users consume 40% of beauty products

　　Pinduoduo data shows that starting from the evening of June 8, a large number of new users were pouring into the platform; on June 9, the number of daily active users on the platform increased by more than 15 million compared with the same period last month, up nearly 8 million from June 7. The year-on-year sales of platform sports/outdoor equipment and fitness equipment increased by 350%, while the year-on-year growth of puffed food and video members also reached 290% and 270%. In addition, the platform's beauty, sun protection and other products have also risen sharply. Among them, male users account for 40% of the overall sales volume, and the average customer unit price is significantly higher than that of female users. (36Kr)

　　3. Jack Ma: The digital age is the biggest opportunity we face, and the biggest risk is the risk of missing opportunities

　　On the evening of June 10, the United Nations released a programmatic report on the future development of the global digital economy - the report of the United Nations High-level Group on Digital Cooperation. Jack Ma, co-chair of the United Nations High-level Group on Digital Cooperation, said: "I believe that the digital age is the greatest opportunity we face. I believe that the biggest risk in this new era is the risk of missing opportunities."

　　"Some people say that there will be many problems in the digital age. I want to ask, is there an era without problems?" Jack Ma said that if you think the digital revolution is a problem, then the problem has just begun; and if you think the digital revolution is an opportunity, then the opportunity has just begun. (Europe)

　　4. Alibaba responded to "will submit a listing application within a few weeks": no comment

　　According to reports on June 10, Bloomberg reported that Alibaba will submit a listing application within a few weeks, and Alibaba chose CICC and Credit Suisse to take the lead in arranging the issuance of shares in Hong Kong. Regarding the news of its listing in Hong Kong, Alibaba responded that market rumors would not comment. (E-commerce News)

　　5. Seku.com released its first quarter financial report for 2019 on June 13

　　On June 10, Seco.com (Nasdaq:SECO) announced yesterday that it will release its first quarter 2019 financial report before the opening of the US stock market on June 13, Eastern Time (evening on June 13, Beijing time). After the release of the newspaper, the management of Secoo.com will hold an earnings conference call at 8 a.m. Eastern Time on June 13, 2019 (8 p.m. Beijing time on June 13, Beijing time). (Sina Finance)

　　Internet Information

　　6. Tencent reforms the vocational rank system and optimizes the promotion channel for young employees

　　Today, Tencent sent an internal letter saying that it will carry out "systematic upgrades and redefine the professional rank system". The specific actions include canceling the settings of large-level subs and merging some subs. The rank settings will also be changed from the current level 1.1-6.3 to level 4-17. In addition, the internal letter also pointed out that the channel positions will be continuously optimized or set up; the professional system will be linearized; and management channels and professional channels will be further clarified. Tencent internal employees said that the biggest highlight of this round of adjustment is believed to be the relaxation of the grassroots promotion channel. (Sohu Technology)

　　7. The launch meeting of "Baijia Yonghui" company is officially held, and the first store will be opened in June this year

　　Recently, the launch meeting of Guangdong Baijia Yonghui Supermarket Co., Ltd., a new joint venture formed by Yonghui, Baijia China and Tencent was officially held. At present, the new joint venture is under preparation. The "Bajia Yonghui" supermarket is expected to open its first store in June this year. The "Bajia Yonghui" store will implement dual-brand operation, namely: the traditional hypermarket supermarket "Bajia Yonghui Bravo" and the boutique supermarket "Bajia Yonghui TASTE". In the future, "Baobao Yonghui" will focus on developing the Guangdong market in the Guangdong-Hong Kong-Macao Greater Bay Area. (Lianshang.com)

　　8. JD Supermarket South Korea National Pavilion officially opened

　　On June 10, the South Korean National Pavilion of JD Supermarket was officially opened a few days ago, and it has also become the eighth national pavilion to settle in JD Supermarket. Before this, South Korea Agricultural and Aquatic Food Circulation Commune and Shanghai Hanjin Trading Co., Ltd. have signed a contract with JD Supermarket and will introduce Korean high-quality brands into China through JD Supermarket. Liu Lizhen, general manager of the Consumer Products Department of the 3C Electronics and Consumer Products Retail Group of JD Retail Group, said that in the future, it will rely on the South Korean National Pavilion to strengthen cooperation between JD.com and the Korean Aquatic Food Circulation Commune and enterprises between China and South Korea. (E-commerce News)

　　9. The daily order volume of Gaode taxi business may exceed 4 million orders

　　According to reports on June 10, it is reported that the daily order volume of Gaode taxi business has exceeded 4 million orders, with each order revenue of 1.5-2.5 yuan. An entrepreneur from an online ride-hailing platform said, "The number of 4 million orders is unexpected. If this data is true, Gaode has grown into China's second largest online ride-hailing platform." In response, Gaode said that the data is not true, but the specific data is not convenient to disclose. As for the data of 4 million orders, it is too high or too low. Gaode said that there is no more information to disclose. (Sohu.com)

　　Cross-border e-commerce

　　10. Amazon plans to launch credit cards for users with poor credit or "under-deposit"

　　Amazon has partnered with US consumer finance company Synchrony to launch the Amazon Credit Builder program, which provides loans to shoppers with no credit history or bad credit, who will otherwise be cancelled from their Amazon membership card. This card has the same extra features as the popular Amazon store card, such as returning 5% cash when shopping. The reward cards motivate shoppers to use Amazon and help increase loyalty within their customer base, said Kondren, executive vice president of Synchrony. (Sina Finance)

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