#Laogao E-commerce Newsletter# [November 13 E-commerce Morning News] Taobao live broadcast transactions on Double 11 were nearly 20 billion; Tmall responded again to "Double 11 data fraud": the judicial process has been started; Zhang Yong: Be more concerned about green logistics than the number of parcels; JD Real Estate: More than 30 50% off properties on Double 11 received 2,163 online orders; Facebook launched a full-line payment service Facebook Pay...
E-commerce newsletter
1. Taobao live broadcast transactions were nearly 20 billion on Double 11
The transaction volume of Taobao live broadcast on Double 11 was nearly 20 billion, and more than 50% of brand merchants achieved growth through live broadcasts. The live broadcast room became the standard configuration of Tmall Double 11 merchants, with the number of merchants and the number of broadcasts doubled year-on-year. (E-commerce News)
2. Tmall responded again to "Double 11 data fraud": the judicial process has been initiated
In response to the incident of "networkers questioning the fraud of Tmall Double 11 data", the official blog of Tmall spokesperson responded again that the judicial process had been initiated for this rumor, and hoped that there would be no such "IQ test" that insults everyone's IQ again. (Daily Economic News)
3. JD Real Estate: More than 30 50% off properties on Double 11 received 2,163 online orders
According to JD Real Estate, on Double Eleven, the online order volume of more than 30 50% off houses was 2,163, of which 688 orders were placed in Sunac Southwest’s “50% off house rights”. Due to the excessive order volume, the list of discounted houses in the end needs to be determined through offline lottery. (E-commerce News)
4. Tmall Elf won the double championship in sales and sales of Tmall smart speakers
On Double 11, Tmall Ghost became the "double champion" in sales and sales of smart speakers on Tmall platform. Tmall Ghost cooperated with 41 products to customize products and became the first in the Tmall industry. At the same time, on the Tmall Elf platform, there are a total of 1.05 million successful orders that are paid by "speaking". (E-commerce News)
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5. Zhang Yong: Be more concerned about green logistics than the number of packages
Zhang Yong, chairman and CEO of Alibaba Group, said that compared to how many packages were born on Double 11, he is more concerned about whether Double 11 is green. The services provided by Alibaba and Cainiao Network to the society must be green and environmentally friendly. (E-commerce News)
6. Alibaba has been approved to issue shares in Hong Kong and will start trading on November 25
Sources said Alibaba has been approved to issue shares in Hong Kong and will start a week-long roadshow for global investors on November 13, before trading on November 25. (South China Morning Post)
7. Alibaba Cloud Innovation Center (Shanghai Lingang) Base opened yesterday
The Alibaba Cloud Innovation Center (Shanghai Lingang) base was opened yesterday. It is a flagship incubation base for the Lingang New Area to carry out strategic cooperation and jointly build by Alibaba Cloud. Chen Jie, deputy secretary of the Party Group and full-time deputy director of the Lingang New Area Management Committee, said that the establishment of the Alibaba Cloud Innovation Center Base Project in the Lingang New Area will help enterprises connect with the functional platform of Alibaba's seven major business sectors, achieving a better combination of innovation and entrepreneurship, better connection between online and offline services, and better linkage between technology incubation and financial investment. (Liberation Daily)
8. Midea Group Wu Haiquan: Gree's price cut has little impact on Midea, and live broadcast is the best C2M
Wu Haiquan, regional president of Midea Group China, said in an interview with reporters that competition in the air conditioner category this year is indeed fierce, but Gree's price cut will have little impact on Midea. Wu Haiquan also talked about the new fission of e-commerce channels this year. He said that Midea is focusing on the new business model of live streaming since this year, and he believes that live streaming can change users' decision-making habits. "We have talked about C2M (Customer-to-Manufacturer, users go to factories) for so many years. I think live broadcast is the best C2M scenario." (Daily Economic News)
9. Huya's third-quarter revenue was 2.2651 billion yuan, a year-on-year increase of 77.4%.
Huya released its financial report for the third quarter ended September 30, 2019. According to the financial report, in the third quarter of 2019, Huya's total revenue was RMB 2.2651 billion, a year-on-year increase of 77.4%; net profit attributable to Huya was RMB 123.2 million, a year-on-year increase of 117.1%. In terms of user data, Huya's domestic average MAU and mobile average MAU in the third quarter of 2019 were 146.1 million and 63.8 million, respectively, with year-on-year growth of 47.6% and 29.1% respectively. (36Kr)
Cross-border newsletter
10. Facebook launches full-line payment service Facebook Pay
Facebook announced on Tuesday a new payment service that users will soon be able to use in a range of apps under the company. Facebook published a blog post on Tuesday saying the new service, called Facebook Pay, allows users to pay safely to others. Before this, Facebook had allowed users to remit money through the Messenger app, but after Facebook Pay went online, users would be able to remit money through other Facebook apps. (Sina Technology)
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