#Laogao E-commerce Newsletter# [E-commerce Morning News on June 18] Taozifa Market Management Specifications: Brand stores must provide recommendation certificates; JD Digital 618 One-hour Battle Report: White paper transaction volume exceeds 100 million in 24 seconds; Kuaishou e-commerce connects to Pinduoduo and JD; Tmall 618 exclusively sells Douyin official special effects T-shirts: intellectual property protection has become the core competitiveness...

E-commerce newsletter
1. Taozizhuan market management specifications: Brand stores must provide recommendation certificates
On June 17, Taobao will segment the merchant types of "Taozizhuan" and sellers who join the classification will enjoy more rights protection. The "Taozizhuan 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". (Taobao rules)
2. JD Digital 618 one-hour battle report: the transaction volume of white posts exceeded 100 million in 24 seconds
According to reports on June 18, data provided by JD Digital Technology showed that in the first hour of June 18, JD payment transaction volume reached 266% year-on-year; the peak payment number also reached 325% last year, a new high; Baitiao also achieved a record of over 100 million in 24 seconds. During the 618 period, JD Supply Chain Finance also provided mall suppliers with a financing scale of three times that of the same period last year. As of now, JD Supply Chain Finance has served 300,000 small and medium-sized enterprises and 700,000 individual merchants, with a cumulative loan amount of nearly 600 billion yuan. (E-commerce News)
3. Kuaishou e-commerce connects to Pinduoduo and JD.com
According to June 17, Pinduoduo and JD.com recently appeared in the shopping cart of Kuaishou store. With the previously connected Taobao and Tmall, Kuaishou e-commerce has been fully connected with mainstream e-commerce trading platforms. The relevant person in charge of Kuaishou E-commerce said, "The introduction of Pinduoduo and JD is a product-level cooperation, which increases the choice of trading platform for users when shopping, and makes the user's shopping experience more convenient and smooth." (E-commerce News)
4. Suning 618 garbage disposal is selling well, Shanghai's year-on-year increase of 991.96%
Suning Big Data shows that from June 1 to 13, the omni-channel garbage disposal processors increased by 612.85% year-on-year, with Shanghai, Nanjing and Guangzhou ranking among the top three, of which Shanghai region increased by 991.96% year-on-year. It is understood that this phenomenon became more obvious after the Shanghai garbage classification information platform was officially launched in April. Data shows that Shanghai Suning stores' sales in April increased by 141.1% month-on-month, and on April 26, only Shanghai was sold in one place, with nearly 3,000 units sold through all channels. (Tianxia Online Business)
5. Tmall 618 exclusively sells Douyin official special effects T-shirts: intellectual property protection becomes the core competitiveness
Recently, the 12-constellation special effects T-shirts produced by Douyin have become popular and sold. This special effects T-shirt exclusively sold on Tmall 618 has been called "Tik Tok's Hot Products" by netizens for its ability to "trigger" video special effects. This T-shirt is priced only a few dozen yuan, but it can bring together the strengths of both companies and carries the dual "black technology" of video special effects and intellectual property protection. The key factor that made Douyin decide to hand over the overall production and sales link of this popular product to Alibaba is Alibaba's reputation in the fields of new product research and development support and intellectual property protection.
"Intellectual property protection has become Alibaba's core competitiveness." Li Xihan, director of Alibaba's intellectual property protection, said that the 1.5 million new products were selected for release during this year's Tmall 618, marking the importance of intellectual property protection and the effective defense of the brand's value, and is making Tmall the world's largest new product release platform.
6. JD.com and China Cultural Media Group protect merchants’ intellectual property rights
On June 17, JD.com and China Culture Media Group officially signed an intellectual property cooperation agreement. According to the agreement, China Culture Media Group will use its China Culture Media New Cultural and Creative (IP) platform as the basis, and jointly explore a new model of applicable intellectual property protection in the e-commerce field with JD.com. (Yibang Power)
Internet Information
7. Xiaomi Group: Repurchased 2.606 million shares on June 17, costing nearly HK$25 million
Xiaomi announced yesterday evening that it repurchased 2.606 million shares on June 17, spending HK$24.998 million, which is the eighth share repurchase by Xiaomi Group since June. (36Kr)
8. The major shareholder of YTO spent 120 million yuan to set up a trading company
According to Tianyan Check, Shanghai Yuantong Jiaolong Investment Development (Group) Co., Ltd., the major shareholder of YTO Express, initiated the establishment of Zhejiang Yuanjia Trading Co., Ltd. The company was established in May 2019 with a registered capital of RMB 120 million. The legal representative is Wang Haibiao, who is currently the director of YTO Express Finance Center. The company's business scope covers daily necessities, clothing, hardware products, household appliances, etc. (E-commerce News)
9. Shentong Express electronic facebook "slimming": the area is reduced by nearly half
Recently, Shentong Express has "big weight loss" on electronic facebooks: from two pairs to one pair, the area has been reduced by nearly half, and the terminal digital applications have been further improved. Starting from June 5, the first-party order has been gradually promoted and used on Shentong Network. It is expected that the popularity of the "one-party order" will exceed 60% in September this year. (E-commerce News)
Cross-border e-commerce
10. The clothing industry hit hardest, nearly 6,000 stores in the United States
According to data from consulting firm Coresight Research, after a brief growth in 2018, the U.S. physical retail industry began to accelerate the closure of offline stores in 2019. As of early April, U.S. retailers have announced the closure of 5,994 stores this year and opened 2,641 new stores. In contrast, 5,864 stores closed in 2018 and 3,239 stores opened. This means that the number of stores closed in the United States in early April 2019 has exceeded the total in 2018. (Lianshang.com)
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