#Laogao E-commerce Newsletter# [E-commerce Morning News on September 11] Alibaba CEO Zhang Yong: The total consumption scale will exceed 10 trillion in the next five years; Alibaba releases the new Six-Meridian Sword: Customers first, employees second, and shareholders third; China State Post Bureau Director: Accelerate the "global delivery" of China's express delivery industry; iPhone 11 series national bank price: starting from 5,499 yuan, up to 12,699 yuan; WeChat: new mini-program capabilities and "service provider assistant" are launched...
E-commerce newsletter
1. Alibaba CEO Zhang Yong: The total consumption scale will exceed 10 trillion in the next five years
On September 11, Alibaba Chairman and CEO Zhang Yong announced yesterday evening that in the next five years, Alibaba will strive to achieve a new goal: to serve more than 1 billion consumers around the world, continue to grow through the platform, and achieve a consumption scale of more than 10 trillion yuan. It is understood that Jack Ma officially stepped down as chairman of Alibaba Group yesterday and Zhang Yong took over. (E-commerce News)
2. Director of the State Post Bureau of China: Accelerate the "global delivery" of China's express delivery industry
On September 11, Ma Junsheng, Director of the State Post Bureau of China, proposed at the 3rd China (Hangzhou) International Express Industry Conference held in Tonglu on the 10th that it is necessary to accelerate the pace of China's express industry "going global" and gradually build a global express service system that "focuses China as the center, connects all continents of the world, and reaches the main target markets." (Sina Finance)
3. The "JD Cloud Box" platform is officially launched
On September 10, JD Logistics’ “JD Cloud Box” platform was officially launched. According to the official introduction, “JD Cloud Box” is an online trading platform that provides logistics vehicles for merchants, and is deployed in warehousing and logistics resources in seven major regions: North China, East China, South China, Southwest China, Central China, Northeast China and Northwest. Merchants in need can start and cancel the pallets from any "JD Cloud Box" pallet operation outlet. (Financial Headlines)
4. Alibaba releases new Six-Meridian Divine Sword: Customer first, Employee second, and Shareholder third
On September 10, on the occasion of Alibaba's 20th anniversary, Alibaba released a new "Six-Meridian Divine Sword" (values), which specifically include: customers first, employees second, and shareholders third; because of trust, it is simple; the only thing that remains unchanged is change; the best performance today is the lowest requirement tomorrow; at this moment, it is me; live seriously and work happily. In addition, Alibaba announced that the company's vision is to serve 2 billion consumers, create 100 million jobs, and help 10 million small and medium-sized enterprises make profits by 2036; the company's mission is to make no difficult business in the world. (E-commerce News)
5. Jack Ma stepped down today: Due to early retirement, the pension will be paid at 65%.
September 10th news, today, on the 20th anniversary of Alibaba's establishment, Jack Ma, 55, stepped down as chairman of the board of directors of Alibaba Group.
After September 10, Jack Ma will continue to serve as a member of the Alibaba Group's board of directors until the 2020 Alibaba's annual shareholders' meeting. Alibaba has reiterated that Jack Ma’s resignation this time is not retirement, and he is still Alibaba’s No. 1 employee. Yesterday, the day before resigning, Jack Ma returned to Binjiang Park to visit his old colleagues.
It is reported that Jack Ma will not be able to win the full attendance award this month. In view of Comrade Ma leaving his job at 3:40 pm on the last day, according to the company's attendance management regulations, Comrade Ma was absent from work for half a day and deducted the full attendance award of that month. Given that Comrade Ma retired early before he was 65 years old, the retirement allowance was paid at 65%. (IT Home)
6. MRO e-commerce Yimai Machinery completed US$10 million Series A financing
On September 11, small enterprise MRO e-commerce e-commerce Yimai Products recently completed a US$10 million Series A financing, led by Jingwei China, followed by Shunwei Capital, and the old shareholder Panlin Capital continued to follow up. Chapter 42 Capital, a subsidiary of Chapter 42, serves as the exclusive financing consultant. This financing will be used to increase spot categories, improve after-sales services and technical support, and improve supply chain capabilities and service levels.
It is understood that Yimai Gongpin was established in 2016 and is a small business MRO retail e-commerce platform that provides a long-tail spot supply chain for small businesses. The main reason why the company enters this market is both market size and market demand. (36kr)
Internet news
7. The price of the iPhone 11 series domestic bank: starting from 5,499 yuan, up to 12,699 yuan
September 11th news, Apple's new generation of products was officially released today, and the Chinese market, as one of Apple's most important markets, continues to appear on the first release list. Currently, Apple China's official website announced the price of three new iPhones: iPhone 11 is 5499 yuan (64GB), 5999 yuan (128GB) and 6799 yuan (256GB); iPhone 11 Pro is 8699 yuan (64GB), 9999 yuan (256GB) and 11799 yuan (512GB); iPhone 11 Pro Max is 9599 yuan (64GB), 10899 yuan (256GB) and 12699 yuan (512GB); all will be pre-ordered at 8 pm on September 13. (Sina Technology)
8. Uber announces cutting 435 product and engineering employees
On September 11, Uber, a taxi service company, announced on Tuesday that it has laid off 435 employees in its product and engineering teams. Overall, the number of layoffs accounts for about 8% of the total number of employees in these two teams, with 170 layoffs in the product team and 265 layoffs in the engineering team.
According to Sina Technology cited foreign media reports, more than 85% of the people laid off this time are in the United States, 10% are in the Asia-Pacific region, and 5% are in Europe, the Middle East and Africa. The layoffs have no impact on Eats, one of Uber's best-performing products, and its Freight freight business. The company is lifting the recruitment freeze implemented for product and engineering teams since early August.
A Uber spokesperson said Uber hopes to streamline people and build a team that performs well through these changes. (Titanium Media)
9. WeChat: New capabilities of mini programs and "Service Assistant" are launched
The WeChat team issued a statement saying that the mini program has added data cycle update capabilities and real-time logging functions, and the real-time logging function provides the ability to print and query logs; the "Mini Program Service Provider Assistant" is online to support the development and operation personnel of the mini program service provider to view the operation status and optimization suggestions of their own third-party platforms; cloud development has added real-time data push capabilities, and real-time data push can be widely used in turn-based mini games such as chess and card categories, online collaboration documents, and team task management scenarios. (36Kr)
Cross-border newsletter
10. The International Monetary Fund believes that Saudi Arabia should consider raising VAT to 10%.
According to foreign media reports, the International Monetary Fund (IMF) said Saudi Arabia should consider raising VAT to 10% from its current 5%, and emphasized the importance of Saudi Arabia to improve its fiscal situation amid a decline in crude oil prices.
A report released by the International Monetary Fund on September 9 said that it is necessary to tighten fiscal policy due to the widening of Saudi Arabia's budget deficit. The kingdom, where oil revenues still account for 70% of public revenue, must expand utility prices and adjust the fees imposed on foreigners. (Hugo.com)
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