#Laogao E-commerce Newsletter #July 1st E-commerce Morning News

　　#Laogao E-commerce Newsletter# [E-commerce Morning News on July 1] Alibaba Auction's transaction volume exceeded 500 billion in 2018; JD.com's after-sales service rules were released: the return time of most products is only 3 days; Yunji appointed Zhang Jun, general manager of Tmall Electric Appliances City, as COO; Ele.me Hummingbird's average daily order in 2018; MIT rated 50 of its smartest companies, and Alibaba Cloud became the first cloud service provider to be listed...

　　E-commerce newsletter

　　1. Xiaohongshu denies a new round of financing, but there is indeed a US dollar fund that has been given to TS

　　According to the self-media "IPO early knows", The Information recently said that Xiaohongshu is negotiating a new round of financing of US$500 million, and its post-investment valuation will reach US$6 billion. Xiaohongshu said to this, "Xiaohongshu is developing very fast, and I am very grateful for everyone's attention, but this news is not true." According to the report, the potential investors in this round of financing include SoftBank Vision Fund, Sequoia China, Hillhouse Capital, etc., and the specific terms have not been officially determined. There is also news that several US dollar funds have indeed given TS (investment letters of intent). (36kr)

　　2. Alibaba Auction's transaction volume exceeded 500 billion in 2018

　　Gu Hailin, deputy general manager of Alibaba Auction, said that luxury goods and asset auctions on Alibaba Auction Platform account for a very large proportion of the transaction quota, among which asset auctions account for more than 90% of the transaction volume. The annual transaction volume in 2018 reached more than 500 billion yuan. In 2015, it was only 60 to 80 billion yuan; in 2016, it was more than 100 billion yuan; in 2017, it was more than 200 billion yuan, and the transaction data in 2018 directly doubled. (Sina Finance)

　　3. After-sales service rules for JD self-operated suppliers are released: the return time of most products is only 3 days

　　On June 30, JD.com platform launched the "JD Self-operated Supplier After-sales Service Rules". This rule takes effect on July 5 and begins on the day of its effectiveness and enters a one-month trial operation phase. After the trial operation is completed, it will automatically enter the official execution period. (JD Blackboard)

　　4. Yunji appoints Zhang Jun, general manager of Tmall Electrical Appliances City, as COO

　　June 28th news, according to Globe Newswire, social e-commerce platform Yunji announced today that it has appointed Zhang Jun as the chief operating officer (COO) to be responsible for the company's supply chain management. At the same time, Yunji former COO Hu Jianjian has been appointed Chief Marketing Officer (CMO), leading the operation and marketing of the company's mobile app. (E-commerce News)

　　5. The RealReal, an e-commerce platform for second-hand luxury goods, soared 50% on the first day of listing

　　On June 29, The RealReal, an e-commerce platform for second-hand luxury goods, soared in stock trading after its initial public listing on Friday, rising nearly 50% during the session, and finally closed up 44% to $28.9.

　　The RealReal's IPO price is $20 per share, which is higher than the $17 to $19 per share range.

　　The underwriters of the deal are led by Credit Suisse, Bank of America Merrill Lynch and UBS Investment Bank. If the underwriter exercises all options and purchases up to 2.25 million shares, The RealReal could raise up to $345 million in capital. (Europe)

　　Internet Information

　　6. JDI received $350 million of investments of $100 million from Apple

　　On July 1, Japanese display company JDI confirmed that mainland China's Harvest Fund Group will invest US$300 million, of which US$100 million comes from Apple. In addition, Hong Kong fund company Oasis Management Company originally expected to invest US$150 million through the fund. Since Oasis paperwork takes longer than expected, JDI said it has not received Oasis notification yet and has not confirmed whether financial aid will be given. (E-commerce News)

　　7. Ele.me Hummingbird's average daily order in 2018 is 3 million

　　On June 30, Ye Qionglin, head of Hummingbird's Improvisation Industry Operations, said that in 2018, Hummingbird's overall operating scale has reached an average daily order of 3 million. In more than 100 direct-operated cities and 2,000 counties and districts across the country, 3 million riders can be called at any time, and can provide 30-minute delivery service capabilities in many scenarios. (36kr)

　　8. Enterprise WeChat upgrade can add group robots to group chat

　　According to June 30, recently, the 2.8.7 version of Enterprise WeChat was launched, and the new version of Enterprise WeChat has mainly updated its functions in five aspects. Supports adding group robots to group chats to realize automatic message push. Administrators can configure quick services for service personnel, or they can configure them themselves. Group owners can add group administrators to assist in managing group chats. The address book information of the member can be configured with confidential information, and members can view it as needed to prevent leakage. iPad supports drag and drop to move text and files. (E-commerce News)

　　9. MIT has rated 50 smartest companies, and Alibaba Cloud has become the first cloud service provider on the list

　　On June 30, "MIT Technology Review" released the 2019 "50 Smart Companies" (TR50) list, and Alibaba Cloud became the first cloud service provider to be on the list. This year, MIT is paying more attention to future companies with innovative vitality. Alibaba Cloud was selected, reflecting its special attention to cloud and intelligent technology, which is replacing traditional IT and becoming the driving force for future companies. (Financial Headlines)

　　Cross-border e-commerce

　　10. Amazon launches FC Ready project to create Uber-style delivery model

　　According to foreign media reports, Amazon launched the new Fulfillment Center Ready (hereinafter referred to as "FC Ready") project, hoping to further increase delivery capabilities through this project. This "Uber-style" project hopes to adjust internal shifts to ensure that the needs of delivery and processing are met.

　　It is reported that in the coming weeks, Amazon will select infrastructure for the project, including Amazon's 855,000 square feet of the Statenton Island distribution center. Employees can choose day shifts or night shifts through a portal. The website will give optional shifts and count the accumulated time of employees. For specific jobs, such as picking, packaging, order delivery, etc., employees must complete designated safety training and skills training in advance. Currently, full-time employees at the Staten Island Distribution Center earn between $17.5 and $23 an hour. In addition, these employees can also enjoy health, 401k plan and other benefits.

　　It is understood that Amazon plans to pilot the project in Whitestown, Indiana and Stirling, Virginia in August 2018. (Europe)

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