#Laogao E-commerce Newsletter# [March 12 E-commerce Morning News]

#Laogao E-commerce News# [E-commerce Morning News on March 12] Morning News : JD International announced a number of marketing upgrade measures such as the "Star Selection Plan"; Amazon plans to open 28 new offline fresh food stores in the United States; Convenience Bee APP adds a "payment discount" icon store to launch dynamic pricing function; Apple's official website launches a new page, listing the privacy tags of all its own apps.

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E-commerce newsletter

1. JD Logistics operates warehouses with a total storage area of ​​more than 900 warehouses.

      According to March 11, JD.com Group released its fourth quarter financial report for 2020 tonight. In terms of warehousing and logistics, the financial report shows that as of December 31, 2020, JD Logistics operated more than 900 warehouses. Including the cloud warehouse area managed by JD Logistics, the total storage area of ​​JD Logistics is about 21 million square meters. In the fourth quarter, JD Logistics became the first logistics company in China to complete the initiative to establish a scientific carbon target. (E-commerce News)

2. Suning.com releases an announcement on "Home appliances will not increase prices"

      On March 11, Suning.com issued an announcement today stating that in order to further boost the consumer market and give back to consumers, it will work with the leading home appliance and home decoration brands. From 0:00 on March 12, a major promotion for home appliances and home decoration will be launched online and offline. The home appliance category will not only not increase the price, but also through a series of measures such as trade-in with old, interest-free installment, and compensation if you buy expensive, so that consumers can save as much as possible. (E-commerce News)

3. Kuaishou launched the "Children's Real-Name Authentication Notification Guardian" function

      On March 11, Kuaishou recently launched the new function of "Notify Guardians for Children's Real Name Authentication". When minor users perform real-name authentication, the platform specially adds a guardian authorization link. When a user is under 14 years old, he will be required to fill in his real name, ID number, and mobile phone number. After passing the school inspection, he will go to the next step and fill in the guardian-related information; then the platform will contact the guardian based on the information filled in the guardian, solicit his authorization and consent, and at the same time inform the guardian of the relevant terms of the protection of minors. (E-commerce News)

4. Official announcement! Baidu officially launched global offering on March 12, with stock code 9888

      According to March 11th news, Baidu issued an announcement on the Hong Kong Stock Exchange that it plans to issue 95 million Class A common shares worldwide, with a maximum public offering price of no more than HK$295 per share, and the stock code is 9888. Baidu will officially launch global sales on March 12. (Titanium Media)

Cross-border newsletter

5. Amazon plans to open 28 new offline fresh food stores in the United States

      According to reports on March 12, it is reported that Amazon plans to continue to add 28 fresh food stores based on its existing 11 "Amazon Fresh" retail stores, and the new stores will cover cities such as Philadelphia and Sacramento. In September last year, Amazon opened its first "Amazon Fresh" chain store, located in Woodland Hills, California, USA, and subsequently opened new stores in Los Angeles, Chicago and other places. It is worth mentioning that it only took 8 months for Amazon to open 11 fresh food stores. Some industry insiders analyzed that the new store opening plan is Amazon's layout to further expand its market share in the physical retail field. (E-commerce News)

6. JD International announced a number of marketing upgrade measures such as the "Star Selection Plan"

      On March 11, JD International recently held a special marketing merchant conference and announced a number of marketing upgrade measures including "Star Selection Plan", "Dream Creation Plan", and "Import Supermarket Partner Plan". Among them, the "Star Selection Plan" is a new model explored by JD International in business operations by joining hands with overseas brands, service providers, celebrities and affiliated companies. This special cooperation for the "Star Selection Plan" for leading merchants, JD International will further provide assistance to celebrity experts, IP and product incubation in terms of sales channels, promotion channels, exposure channels and customized solutions for e-commerce entertainment marketing. (E-commerce News)

7. The size of the Russian e-commerce market will reach 7.5 trillion rubles in 2025

      According to Yien.com, a research report recently released by data analysis agency E-Promo pointed out that by 2025, the size of the Russian e-commerce market will reach trillion rubles. The compound annual average growth rate is expected to be between 2021 and 2025. According to TASS at the end of last year, Sokolov, chairman of the Russian E-commerce Enterprise Association, said that Russia's e-commerce trade volume is expected to reach trillion rubles in 2020, a year-on-year increase of 50%, and its share in Russia's retail trade will reach 11%. (E-commerce News)

8. "Korean Amazon" Coupang rose 80% on the first day of listing in the United States

      On March 12, South Korean e-commerce giant Coupang (CPNG.N) rose 80% on the first day of listing, with an opening price of US$63.5 and an IPO price of US$35 per share. The amount of funds raised is US$4.6 billion, making it the largest IPO on the US exchange this year. The current market value exceeds US$100 billion. SoftBank's SVF Investments UK Limited holds a 33.1% stake in the company. (Yibang Power)

Internet news

9. Convenience Bee APP has added a "payment discount" icon store to launch a dynamic pricing function

      March 11th news, recently, the "Payment Discount" icon was added to the homepage of Convenience Bee APP. It is understood that after Convenience Bee shopping, users can pay through more than a dozen institutions including China Construction Bank, Pudong Development Bank, CITIC Bank, China Huaxia Bank, Ping An Bank, Shanghai Bank, and Bank of Beijing, most of which can enjoy immediate discounts for full amounts and provide consumers with discounts. In addition, all short-term insurance products in Convenience Bee currently implement dynamic pricing, and the system can continuously calculate the supply and demand relationship and present preferential prices on electronic price tags in real time. (E-commerce News)

10. Apple’s official website launches a new page, listing the privacy tags of all its own apps

      Apple today released a new webpage on its official website, which shows all the privacy tags involved in developing apps by Apple and sorted by name subtitles, including all apps for iOS and macOS platforms. In addition to the App Store’s privacy tag, Apple is also developing a new feature called “App Tracking Transparency” that will be released to all users this spring along with iOS 14.5. (Sina Technology)

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