#Laogao E-commerce Newsletter# [E-commerce Evening News on August 28] Alibaba Zhang Yong: Retail Connect covers 21 provinces in four years, accounting for 85% of the market capacity; Costco announced that 2,000 people in Shanghai's stores will be limited to 2,000 people from now on; Beauty vertical e-commerce Lefeng.com announced that it will cease operations, founded by host Li Jing, Vipshop is the largest shareholder; Dong Mingzhu and Lei Jun have started a new bet: No more than 1 billion, and bet for another 5 years; Jack Ma: If I don't become Alibaba's chairman, it will never mean that I have retired...
E-commerce newsletter
1. Kuaishou announced a comprehensive upgrade of the product functions and service system of merchant accounts
On August 28, Kuaishou announced a comprehensive upgrade of the product functions and service system of merchant accounts. The upgraded merchant account will focus on three core directions: brand, e-commerce and local, covering six major industries: local catering, scenic hotels, online clothing, retail, clothing, and beauty. In addition, new functions such as one-click location navigation, one-click business phone dialing, and one-click direct promotion tool access are also launched. At the same time, Kuaishou Merchant Account released the "Local Partner Recruitment Plan". In the next year, the merchant account will cover service providers in more than 100 cities and provide 600 million yuan in incentive funds. (Financial Express)
2. Alibaba Zhang Yong: Retail Connect covers 21 provinces in four years, accounting for 85% of the market capacity
On August 28, at the annual strategy press conference for retail connect, Alibaba Group CEO Zhang Yong reviewed the changes in retail connect over the past four years and said, "Four years ago, when we started retail connect, we wanted to solve one thing, how to efficiently build and operate these in-depth distribution systems? Over the past four years, we have not only reached a consensus, but also turned it into reality. The development of retail connect for four years is a microcosm of the development of digital economy and digital commerce."
Over the past four years, Retail Connect has covered 1.3 million small stores, equivalent to one in every six stores in the country that has retail Connect customers, covering 21 provinces, accounting for 85% of the market capacity. Through more than 400 corporate partners, the part that has been transferred to some counties and townships has now accounted for 25% of the retail business. More importantly, from factory warehouses to small store shelves, the circulation status of every item sold in retail can be 100% recorded.
"In the entire Alibaba business operating system, the role of Retail Connect is an intelligent channel solution. In the fourth year of development, we hope to help Millions Stores become smart small stores. The market insight brought by Millions Stores is the most dynamic and can help us better serve brand owners." Zhang Yong said. (Titanium Media)
3. Costco announced that 2,000 people will be limited to the Shanghai store from now on
On August 28, Costco Kaishike’s official WeChat subscription account issued a statement saying, “For the sake of shopping safety, we ended our business early on the first day of the opening (August 27).” Costco said, “It is decided to keep the number of shoppers in the store to less than 2,000 from August 28 (Wednesday). The local police will assist us in regulating traffic around the store and trying our best to reduce the impact on nearby communities. At the same time, we are also working hard to improve the internal customer flow management system.” (E-commerce News)
4. Suning’s “Star Courier Evaluation System” was released, and the annual income of five-star couriers increased by 20%.
On August 28, the third current courier festival was held, and Suning Logistics’ “Star Courier Evaluation System” was officially released. Through a multi-dimensional evaluation system, service empowerment and grading are carried out to strengthen positive incentives for terminal delivery.
It is understood that the "star courier evaluation system" constructs a new paradigm of service evaluation based on the two major directions of courier self-development and user experience. It adopts a monthly point system and integrates multiple dimensions such as delivery and user evaluation. After a certain amount of points accumulated, it can automatically increase the star, and the monthly star level can be transferred monthly. It is reported that the annual income of a five-star courier can increase by more than 20% on average. (Europe)
5. Beauty vertical e-commerce Lefeng.com announced the suspension of operations, founded by host Li Jing, and Vipshop is the largest shareholder.
This morning, Lefeng.com announced that it had officially stopped operations through its official WeChat tweet. Since August 19, Lefeng.com has stopped registering new users and closed some functions of the website. By September 18, Lefeng.com will completely stop operations and close the server. By then and in the future, users will be unable to log in and use Lefeng.com's functions and services.
It is understood that Lefeng.com was founded by the famous host Li Jing in 2008 and received millions of dollars in financing provided by Red Shirt China in the same year. In 2012, Red Shirt China continued to increase its investment in Broadband Capital to complete its second round of US$40 million investment. In 2014, Vipshop invested US$112 million and became the largest shareholder of Lefeng.com, and positioned it as "Beauty Vipshop". (Lieyun.com)
Internet Information
6. Jack Ma: The proportion of women is too small, Alibaba will not succeed
On August 28, Jack Ma said at the 2019 Global Women Entrepreneurs Conference that the proportion of women has dropped sharply after Alibaba recently acquired several companies. Alibaba must set a warning line. The proportion of female employees is not less than 33%. The proportion of women is too small, and Alibaba will not succeed. (E-commerce News)
7. Dong Mingzhu and Lei Jun start a new bet: Don’t want 1 billion, and bet for another 5 years
On August 28, Gree Electric Chairman Dong Mingzhu said in Beijing that the 1 billion bet with Lei Jun has ended, and everyone knows the result. I don’t want 1 billion, and I want to bet with Lei Jun for another 5 years. Xiaomi Chairman Lei Jun responded: "I think you can give it a try." Previously, in 2013, Dong Mingzhu and Lei Jun bet 1 billion on who has the higher turnover in five years, and Gree won in the end. (Meijing.com)
8. Jack Ma: If I don’t become the chairman of Alibaba, it does not mean that I have retired.
At the main venue of the 2019 Global Women Entrepreneurs Conference in Hangzhou, Alibaba Chairman Jack Ma said in response to a question on the spot, "I will not be the chairman of Alibaba for two weeks, but it does not mean that I will not start a business anymore, nor does it mean that I have retired." Jack Ma said, "I will not stop. I think Alibaba is just one of my dreams. I am still very young today, I still have many places I have not to tossed out, and I still have a lot of things to do." (Sina.com)
9. Tencent Cloud Database launches strategic upgrade and releases five new database products
Tencent Cloud Database officially launched a strategic upgrade and announced that it will focus on the three strategic directions of cloud native, autonomy and hyper-convergence in the future. It also simultaneously releases five strategic new products to global users, including database intelligent manager DBbrain, cloud database TBase, database backup service DBS, cloud database Redis hybrid storage version, and self-developed cloud native database CynosDB commercial version. (Tencent Technology)
Cross-border e-commerce
10. MyDeal launches Shopify integrated application to help sellers provide products and services to Australian customers
Australian online platform MyDeal has launched MyDeal Sales Channel, an application integrated with Shopify that allows Shopify seller stores to connect to millions of Australian consumers for sale, and can also list products, synchronize inventory and manage orders. Whether on desktop or mobile devices, sellers can operate in their own dashboards.
With this app, international and local sellers selling in AUD can reach customers in a more efficient way through integrated channels in minutes. Sellers' products can be directly accessed from the Shopify store to MyDeal platform, and product images, names and other related information can be easily uploaded. (Hugo.com)
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