E-commerce Morning News on October 16

"#Laogao E-commerce Newsletter# [October 16 E-commerce Morning News]" Jack Ma won the Forbes Lifetime Achievement Award: commends him for helping a generation succeed through the Internet; some areas of the China-Myanmar border that are severely flirted by WeChat and Alipay were suspended; JD.com launched Double Eleven on October 18, and promoted "Jingxi" to attack the sinking market; YTO announced the price increase on Double Eleven; Apple may release AirPodsPro in October: It may support noise reduction, and the domestic price will exceed 2,000 yuan...

E-commerce newsletter

1. Jack Ma won the Forbes Lifetime Achievement Award: Recognized for helping a generation succeed through the Internet

On the evening of October 15, at the 2019 Forbes Global CEO Conference held in Singapore, Jack Ma was awarded the Forbes Lifetime Achievement Award for upholding and advocating entrepreneurship around the world and helping a generation succeed through the Internet. Jack Ma is also the world's first Internet industry leader to win the award in 13 years. Steve Forbes, chairman of Forbes Media Group and editor-in-chief of Forbes, said in his award speech, "It is not only one of the greatest entrepreneurial heroes in the world in history." (The Paper)

2. Kuaishou e-commerce Double 11: Merchants in the four major fields will receive large traffic support

Recently, Kuaishou E-commerce announced the Double Eleven investment promotion rules, which initially determined the event rhythm, investment promotion requirements, traffic support, marketing gameplay and other information. This year, Kuaishou E-commerce still chooses to start the Double Eleven event on November 6, name the event "1106 Selling King". It will enter the warm-up period from November 1 to 4, and enter the official sales period from November 5 to 6.

It is reported that "good goods from the source" will be the focus of investment promotion for this year's Kuaishou Double Eleven event, and "original place + wholesale price" has been determined as the core value of Kuaishou e-commerce. Kuaishou will focus on supporting merchants in four major fields: one is the place of origin, the second is the industrial belt, the third is direct supply of factories, and the fourth is the expert brand. The policy support it provides includes commission reduction and exemption, exclusive activity resources, etc. (Yibang Power)

3. WeChat Alipay has been blocked in some areas of serious telegram fraud on the China-Myanmar border

On October 15, the reporter learned from the Criminal Investigation Bureau of the Ministry of Public Security today that in response to the rampant telecommunications and network fraud crimes in the China-Myanmar border area and seriously infringes on the property safety of the people, the Inter-Ministerial Joint Conference Office of the State Council’s Inter-Ministerial Joint Conference on Combating and Governing New Types of Illegal and Crimes of Telecommunications Network are organizing special crackdowns, and it is decided to take measures to block social and payment accounts such as QQ, WeChat, Alipay, POS machines in some areas with serious telecommunications and network fraud activities in northern Myanmar from October 14, 2019. (E-commerce News)

4. "Chinese version of Zara" La Chapelle lost 500 million in half a year

According to the semi-annual report data, La Chapelle's total revenue in the first half of 2019 was RMB 3.951 billion, a year-on-year decrease of 23.2%, and its net profit was RMB -565 million, a year-on-year decrease of 333.9%. Even after adjustment, the net profit attributable to shareholders of listed companies was still -498 million, a decrease of 311.2% from the same period last year. (Bullet Finance)

5. JD.com will start Double Eleven on October 18, and promote "Jingxi" to attack the sinking market

On October 16, Han Rui, vice president of JD Group and head of JD Retail Group Platform Business Center, announced on the 15th that JD 11.11 will officially start from October 18 this year, and will launch the "super 10 billion subsidy discount of 10 billion yuan". At the same time, JD.com launched the social e-commerce platform Jingxi, which will provide 100 million yuan hot products during the 111th period.

JD.com predicts that JD.com will sell 1.2 billion low-priced goods and 200 million C2M products this year on 1.11, and reach more than 500 million users in emerging markets.

Regarding Jingxi, JD.com introduced that Jingxi is a comprehensive social e-commerce platform built on a comprehensive upgraded group purchase business as the core and is based on six major mobile channels including two billion-level platforms, including WeChat and QQ. While providing a large number of good products for group purchases, Jingxi continues to provide users with preferred JD main website products.

It is reported that Jingxi is a new platform that is different from the existing model of JD main website, realizing the differentiated complementarity of "people", "goods" and "fields". Jingxi focuses on emerging consumer groups in the sinking market, empowering merchants to attract traffic at low cost and user conversion, and bringing users a money-saving shopping experience. (Sina Technology)

6. YTO announced the price increase on Double Eleven

Following ZTO, YTO Express today released the "YTO Express's letter to customers on the peak season response plan" stating that in order to ensure the safety and stability of express delivery services during the peak season, ensure service quality and customer satisfaction, and to cope with the increase in the cost of employment, vehicle use, and site expansion in the "capture, transfer, transportation, and distribution" of express delivery during the peak season, YTO Express will adjust the express delivery charges from November 11, 2019. (Glonhui)

Internet news

7. Apple may release AirPodsPro in October: It may support noise reduction, and the domestic price will exceed 2,000 yuan.

According to the latest news from the industry chain, Apple will release new AirPods at the end of October, and it may be named AirPods Pro. It also hopes that the suffix of Pro will be used to launch the difference between new headphones and old models. AirPods Pro will support different listening modes and may provide noise reduction. The domestic price of this product is expected to exceed 2,000 yuan. (Silicon Valley Analytics Lion)

8. Meituan University is officially established: eight colleges

On the evening of October 15, Meituan Dianping held a press conference on the theme of "New Career, New Skills, New Development" and announced the official establishment of "Meituan University". Meituan University has eight colleges, covering multiple life service categories such as catering, takeaway, beauty industry, and hotel tourism. In the next ten years, Meituan University will reach cooperation with 1,000 domestic vocational colleges to drive the digital development of 100 million life service practitioners. (E-commerce News)

9. Alibaba Health opens up online payment for chronic disease medical insurance

On the evening of October 15, Alibaba Health announced today that it will jointly build a chronic disease prescription circulation platform with the Quzhou Municipal Medical Insurance Bureau, and pilot the implementation of Internet diagnosis and treatment, online prescription circulation, online medical insurance payment, and drug delivery to home, so as to provide patients with chronic disease with the above-mentioned new medical insurance service experience of "re-checking at home, medical insurance at home, etc. at home delivery". (E-commerce News)

Cross-border newsletter

10. The annual ceremony of the Central and Western Merchants of Alibaba International Station will be held in Hangzhou

It is reported that from October 30 to November 1, the 2019 China-Western Core Merchant Strategy Summit hosted by Alibaba International Station’s Central and Western Region will be held in Hangzhou. The theme of this summit is "Counting Chinese and Western China and Looking at the World", and lists the advantages of excellent merchants and products in the central and western regions, insight into global cross-border trade trends and opportunities, interprets the latest changes in Alibaba International Station, and realizes accurate docking between buyers and sellers at home and abroad, aiming to better help Chinese small and medium-sized enterprises open up the era of digital new trade 2.0 in a complex and changing trade environment, and connect to the world. (Hugo.com)

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