#Laogao E-commerce News# [E-commerce Evening News on June 17] Tmall 618 transcript: 60% of brands exceeding 100 million are domestic products, with nearly 200 new brands growing by more than 1,000%; Suning 618 garbage disposal sales have increased by 10 times in Shanghai; JD.com and 17 brands have established industrial product brand alliances; Taozifa market management standards: brand stores must provide recommendation certificates; Dong Mingzhu: Encourage Gree internal departments and subsidiaries to supervise each other on quality issues...

E-commerce newsletter
1. Tmall 618 transcript: 60% of brands exceeding 100 million are domestic products, with nearly 200 new brands growing at more than 1,000%
According to reports on June 17, Tmall announced a 618 report card: 589 domestic beauty brands' transactions increased by more than 100% year-on-year, and 183 domestic beauty brands' growth rate exceeded 1,000%. Among them, Apple, Midea, Nike, Oaks, Haier, L'Oreal, Lancome, Adidas, Xiaomi and other big brands have entered the "billion yuan club", of which more than 60% are domestic brands. (E-commerce News)
2. Suning 618 garbage disposal sales increased 10 times in Shanghai
According to news on June 17, Suning Big Data showed that from June 1 to 13, the sales of garbage disposalers in all channels increased by 612.85% year-on-year. Shanghai, Nanjing and Guangzhou ranked among the top three sales provinces, among which Shanghai grew by 991.96% year-on-year. In April this year, the Shanghai garbage classification information platform was officially launched. Shanghai Suning stores sold 141.1% month-on-month in April. On April 26, only Shanghai was sold in one place, with nearly 3,000 garbage disposal machines sold through all channels. (Yibang Power Network)
3. JD.com has joined hands with 17 brands to establish an industrial product brand alliance
On June 17, during JD.com 618, JD.com Industrial Products joined hands with 17 industrial product giants including Schneider, Phoenix, Sany, Kunlun Lubricant to establish the "Industrial Product Brand Alliance" to create the "Industrial Internet" procurement standards. The alliance includes 17 world-renowned industrial product brands, covering almost all common industrial product application scenarios such as industrial lighting, handling and storage, medium and low voltage power distribution, personal protection, hardware tools, etc. (China.com)
4. Taozizhuan market management specifications: Brand stores must provide recommendation certificates
On June 17, Yibang Dynamic learned that Taobao will subdividing the merchant types of "Taozifa" and sellers who join the classification will enjoy more rights protection. The "Taozifa Market Management Specifications" will be added, which will officially take effect on June 20, 2019.
It is reported that Taobao is a market established by Taobao for the service capabilities and operational level of sellers in the industrial agglomeration, including three types of store types: "brand stores", "factory stores" and "trading stores".
Specifically, a brand store refers to a store opened and operated by a first-level authorized person of the brand. A factory store refers to a store opened and operated by a specific product production factory with the entity authorized by the product production factory on Taobao; a trading store refers to other stores that have obtained the brand sales authorization to open and operated by Taobao. (Yibang Power Network)
5. MissFresh is seeking a new round of financing from DST and SoftBank, with a valuation of more than US$2 billion
Daily Youxian is seeking to raise hundreds of millions of dollars at a valuation of more than US$2 billion. They have contacted DST, SoftBank, etc. At the same time, Tencent, which has invested in four consecutive rounds, is also in the internal evaluation process. This round of financing has been going on for a long time and the capital is more cautious because it is "too expensive." When the C+ round of financing was completed in March 2017 with a total of US$230 million, the valuation of MV Youxian was US$1.5 billion. (Chuangyebang)
Internet news
6. Ren Zhengfei: Production may be reduced by 30 billion US dollars in the next two years, and will be revitalized in 2021
Ren Zhengfei said that the company is expected to reduce production in the next two years, which is estimated to drop by 30 billion US dollars, and sales revenue this year and next year will be around 100 billion US dollars. 2021 can regain vitality because we will have to switch many versions in the past two years, which will take a while, and it will take time to go in and test it. When we finish this step, we have become stronger. (CGTN)
7. TikTok President Zhang Nan: The overall MAU of ByteDance products has exceeded 1 billion
On June 17, Douyin President Zhang Nan announced at the Shanghai Film Festival that the overall MAU of ByteDance products, including Toutiao, Douyin, Facebook u, Volcano and other products has exceeded 1 billion. It is understood that official data shows that as of January 2019, ByteDance's full range of products exceeded 600 million and MAU exceeded 1 billion; among which Douyin's domestic DAU exceeded 250 million and MAU exceeded 500 million. It ranks among the top in the overall list of more than 40 international app stores, including the United States, Japan and South Korea. (E-commerce News)
8. Dong Mingzhu: Encourage Gree internal departments and subsidiaries to supervise each other on quality issues
On the afternoon of June 17, Gree Electric held a special event to study and implement the "Green and High-Efficiency Refrigeration Action Plan" at its headquarters in Zhuhai. Dong Mingzhu, Chairman and President of Gree Electric, said in her speech before the end of the event that Gree Electric will fight the battle of energy conservation and quality protection. While Gree Electric is supervising externally, it is also willing to accept social supervision. Gree Electric will hold a six-month "picking action" internally to encourage mutual supervision between various departments and subsidiaries within the company to conduct mutual supervision on quality issues. (First Financial Daily)
9. Luo Yonghao added pledged shares of Hammer Technology, with the pledged shares of 570,000 yuan
According to Tianyan Check information, Luo Yonghao pledged part of the equity of Smartisan Technology on June 14, and the pledgee was Guangdong Eno Communications Co., Ltd., with the pledged equity amount of RMB 573,700. This is the 8th time that Luo Yonghao has pledged shares in Him Technology since this year, with a total amount of pledged shares of 3.775 million yuan. (Technology News)
Cross-border newsletter
10. Add an external API port for Wish returns
According to reports on June 17, several external API ports have been added to the Wish return project. According to Wish, this move is to help merchants more conveniently receive users' returns through Wish returns items and optimize user experience. The platform also encourages merchants with US return addresses to provide or update logistics information (weight, length, width, height) for products that have been added to the US return project before July 12, 2019. This operation can be done through the newly added API port or the merchant background. After July 12, 2019, if the product lacks the above-mentioned logistics information, it will no longer meet the return item and will be removed from the return item. (E-commerce News)
Click to register to apply to join the well-known domestic e-commerce network - Laogao E-commerce Club. Any merchants from all over the country, Tmall merchants, Taobao Crown Store, Jinguan Store, and other e-commerce platform merchants can apply to join!

,