E-commerce Morning News on August 23

　　#Laogao E-commerce Newsletter# [E-commerce Morning News on August 23] Alibaba will set up a Zhongyuan Regional Center in Zhengzhou, Henan. Starting from this quarter, Pinduoduo will reduce transaction service allowances. TikTok opens e-commerce functions to only support label challenge products. Yunji Q2 financial report: the total GMV reaches 8.2 billion yuan and paying members exceed 10 million...

　　E-commerce newsletter

　　1. Alibaba will set up a Central Plains Regional Center in Zhengzhou, Henan

　　On August 22, the Henan Provincial People's Government and Zhengzhou Municipal People's Government announced a strategic cooperation with Alibaba, which will give full play to Alibaba's technological advantages to accelerate the development of the digital economy, help Henan build a strong province in China's digital economy, and strive to build Zhengzhou into a national digital economy leader within 3 to 5 years.

　　According to the agreement, the Henan Provincial Government will support Alibaba in Zhengzhou to build a Central Plains regional center, build a Feitian domestically produced regional cloud platform, and support Alibaba in participating in Henan's digital economy construction. (Europe)

　　2. Starting from this quarter, Pinduoduo will reduce trading service allowances

　　According to August 22, Pinduoduo recently released its second quarter financial report to June 30. Pinduoduo CEO and founder Huang Zheng, vice president of strategy, and other senior executives attended the Pinduoduo's second quarter financial report conference call. During the meeting, facing the question of "What kind of change trend will Pinduoduo's conversion rate show in the second half of this year?", Jiuding emphasized that user experience and satisfaction have always been the focus of Pinduoduo's work, so the platform will insist on subsidies to high-quality merchants. In terms of transaction service conversion rate, Pinduoduo has been working hard to maintain its balance with revenue growth since last quarter. Starting this quarter, the platform will reduce the transaction service allowance, so this ratio will fluctuate to a certain extent, but there is no goal in terms of marketing expenditure. (E-commerce News)

　　3. TikTok opens e-commerce function only supports tag challenge products

　　On August 22, TikTok launched a new e-commerce feature, "Hashtag Challenge Plus", which allows users to purchase products related to Hashtag Challenge in the app. With Hashtag Challenge Plus, users can add tags# and products from a certain brand to publish videos, and can also purchase products from a certain brand without leaving TikTok. (E-commerce News)

　　4. Yunji Q2 financial report: The total GMV reaches 8.2 billion yuan and paid members exceed 10 million

　　On August 22, the first social-driven e-commerce stock of China's membership, "YJ", released its unaudited financial report for the second quarter of 2019. In the second quarter of 2019, ended June 30, Yunji GMV increased by 46.4% year-on-year to RMB 8.2 billion, of which the mall business launched in early 2019 contributed 2.2 billion yuan in the second quarter. (Yibang Power News)

　　5. Yan Ruyu was fined million yuan for false propaganda

　　#Yan Ruyu was fined one million for false advertising# Internet celebrity WeChat business @Yan Ruyu's official Weibo account for false advertising and fined 1 million yuan. "Yan Ruyu" has invited Lin Chiling, Zhao Liying and the Chinese women's volleyball team to endorse the speeches respectively. (Pengpai News)

　　Internet news

　　6. 52 companies that change the world: BYD, Alibaba, and Baidu are on the list

　　According to August 22, recently, Fortune Chinese released the list of 52 companies that have changed the world in 2019, among which Qualcomm, Mastercard and BYD rank among the top three. This year, a total of three Chinese companies are on the list. In addition to BYD, Alibaba ranks 37 and Baidu ranks 39. (First Financial Daily)

　　7. Bilibili responded to the suspected fraud of the platform blogger: banning the account and waiting for further investigation results

　　Regarding the recently exposed suspected fraud of B station account "Aiwanke", B station officially issued a handling announcement in the evening. "Aiwanke iVankr" and related account "丨Wanke La Comment丨" have been blocked due to major controversy and risks in publishing false content, and are waiting for further investigation results of relevant departments. (Phoenix Technology)

　　8. Sohu CEO Zhang Chaoyang: 5G will bring profound changes to public life

　　On August 22, Sohu Chairman and CEO Zhang Chaoyang took the stage to speak, saying that the arrival of 5G will bring profound changes to the lives of the people. And regarding the changes brought about by 5G after the arrival of 5G, Zhang Chaoyang believes: "In just 11 years, it has gone from 2G to 5G. At that time, video was still a rare thing, especially mobile video, which is now a very common thing. (NetEase Technology)

　　9. BOE reveals the progress of flexible screens: foldable screens will be shipped in the second half of the year

　　BOE Mianyang's 6th generation flexible AMOLED production line, which was put into production last month, was opened to the media for the first time on August 22. Chang Cheng, vice president of BOE Group and general manager of Mianyang BOE Optoelectronics Technology Co., Ltd., revealed that BOE will ship flexible AMOLED mobile phone screens such as waterfall screens, folding screens, blind hole screens (under-screen cameras). (First Financial Daily)

　　Cross-border newsletter

　　10. Amazon: Reducing e-commerce restrictions can revive India's economy

　　August 22, an executive of retail giant Amazon said on Wednesday local time that India needs to encourage e-commerce, reduce cumbersome formalities, and help small businesses sell and export goods online to help revive weak domestic economic growth. (E-commerce News)

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