October 24th E-commerce Morning News

"#Laogao E-commerce Newsletter# [October 24 E-commerce Morning News]" Tmall's first-day pre-sale transaction doubled year-on-year; Yu Yu: Li Guoqing took 130 million yuan of cash from his home and did not leave the house in vain; Alipay: An illegal online loan impersonating Alipay and Huabei brands will fight it with all its strength; Weibo's "delete comments and block" function upgrade: block 5 times and ban reviews for 90 days; Coca-Cola and JD Supermarket have reached a strategic cooperation...

E-commerce newsletter

1. Suning Group Pinzhu personal store business scope expanded

In April this year, Suning Pingo opened registration of personal stores. Since Double Eleven, the business scope of Pingo individual stores has expanded from the original two categories: fresh food and handicrafts: home textiles, sports and outdoors, home daily necessities, maternal and infant, medical and health, beauty, home appliances, jewelry and accessories, clothing, shoes and hats, and automotive supplies.

In addition, in order to better serve personal entrepreneurship, Suning Group Pinzhuang will further open up the platform to release more platform traffic to support new category merchants. The entry process is simplified, the review period will not exceed three days. In terms of fees, a deposit of 2,000 yuan will be paid, and a deduction of 0.6%. (E-commerce News)

2. Tmall Double 11 pre-sale transactions doubled year-on-year

The 2019 Double 11 shopping season has begun. On the first day of pre-sales, Tmall transactions doubled compared with the same period last year. Data released by Tmall on the same day showed that Estee Lauder's 25-minute pre-sale transaction volume was nearly 500 million yuan, exceeding the transaction volume for the whole day last year. Within 10 minutes of the pre-sale opening, the transaction volume of seven beauty brands including Estee Lauder, Lancome, L'Oreal, Shiseido, HR Helena, Olay, and Hou exceeded 100 million yuan. In the 3C digital industry, the performance of official flagship stores of brands such as Huawei, Honor, OPPO, vivo, and Xiaomi surpassed the pre-sales throughout the day in half an hour. (Xinhuanet)

3. State Post Bureau: Basically realize direct postage to every village, driving poor households to increase their income by 230 million yuan

Today, the State Post Bureau held a regular press conference for the fourth quarter. Zhang Xingchao, deputy secretary of the Party Committee of the State Post Bureau, said that as of now, villagers in more than 550,000 established villages can receive mail packages without leaving the village. The country has basically achieved "every village direct mail" and the coverage rate of township express outlets has reached 95%.

The State Post Bureau vigorously promotes postal and express services for modern agriculture, benefiting 71,000 poor people in 438 national-level poverty-stricken counties, and driving poor households to increase their income by 230 million yuan. (China News Service)

4. Yu Yu: Li Guoqing took 130 million cash from his home and did not leave the house in vain

In the early morning of October 24, last night, Yu Yu made several responses below a circle of friends that Li Guoqing stated that he had "left out of the house with nothing", saying that he took away 130 million yuan in cash, not leaving the house with nothing. At the same time, he also pointed out that Li Guoqing ignored his family, had a chaotic private life, and poor company operations. (Sina.com)

5. Coca-Cola reaches strategic cooperation with JD Supermarket

On October 23, Coca-Cola and JD Supermarket held a signing ceremony for the 2020 Strategic Cooperation Memorandum. The two parties will jointly carry out in-depth cooperation in many fields such as big data technology, channel integration, new product development, marketing innovation, and intelligent supply chain, and integrate resources to jointly promote the development of JD Supermarket's online beverage category. Feng Yi, vice president of JD Group and president of JD Retail Group's consumer goods division, said that in future cooperation, JD Supermarket will help Coca-Cola hit JD Supermarket 1 billion club in 2020. (E-commerce News)

Internet news

6. Weibo's "Delete comments and block" function upgrade: 5 times of ban on comments ban for 90 days

Today, Weibo officially announced the upgrade of the "delete comments and block" function. From the first time that the comments are deleted, if the cumulative number of times is ≥5 times when it reaches 90 days, comments will be prohibited for 90 days, and the ban cannot be lifted. (Quick Technology)

7. Alipay: Illegal online loans impersonate Alipay and Huabei brands will fight all their efforts

On October 23, Alipay officially issued a statement saying that it has recently been discovered that some illegal online lending companies have quietly moved underground. In order to promote their own business, they have used brands under Ant Financial such as "Alipay" and "Huabei" to advertise on some online platforms to gain user trust.

In response, Alipay said that this behavior infringes on Alipay's legitimate rights and interests and seriously misleads the public. Alipay is taking these companies to court, demanding that they stop infringement and compensate, and the court has filed a case. (E-commerce News)

8. Forbes selected the top 100 AIoT companies for the first time, with Gree, Lenovo and others on the list

On October 23, in 2019, Forbes China joined hands with global AI+IoT platform Tuya Intelligent to launch the first AIoT top 100 companies, and jointly launched the "2019 Forbes China's top 100 companies" with the AIoT media "Global Intelligent Business", which covers four categories: smart home, smart life, smart scenarios and international smart brands. In the smart home sector, TCL, AUX, Gree, Lenovo and other companies are on the list. (Chuangyebang)

9. Kuaishou and Jiangxi Radio and Television Station reached cooperation in the fields of short video content operation and other fields

On October 23, Kuaishou Technology has established a strategic cooperative relationship with Jiangxi Radio and Television Station, and the two parties will carry out in-depth cooperation in short video content operation, technical support, advertising operation, industrial poverty alleviation, etc. Yu Haibo, vice president of Kuaishou, said that Kuaishou has more than 20 million registered users in Jiangxi, more than 4 million active users, and more than 2,000 users with more than 100,000 fans. This laid the user foundation for the cooperation between Kuaishou and Jiangxi Radio and Television. (Guangming.com)

Cross-border newsletter

10. eBay's third-quarter revenue of US$2.649 billion net profit fell 57% year-on-year

According to October 24, eBay released its third quarter financial report for 2019 today. Data shows that eBay's net revenue in the third quarter was US$2.649 billion, the same as US$2.649 billion in the same period last year; net profit from continued operations was US$310 million, down 57% from US$720 million in the same period last year. (E-commerce News)

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