E-commerce Evening News on February 11

　　#Laogao E-commerce News# [E-commerce Evening News on February 11]" Taobao and Tmall announced 10 details of helping merchants; Alibaba will release the third quarter financial report of the 2020 fiscal year on February 13; Rebate Network: During the epidemic, the number of masks increased by 58.41 times year-on-year; Zhou Hongyi: 360 launched the "Hundred Cities Fight the Epidemic, Ten Thousand People Supported" activity; State Post Bureau: 13 express delivery companies resume normal operations...

　　E-commerce News
　　 1. Taobao and Tmall announced 10 details for helping merchants
　　on February 11. Following Alibaba launching 20 merchant assistance measures on February 10, Taobao and Tmall announced 10 details for helping merchants today. It is reported that the assistance details include three aspects: accelerating the flow of merchant funds, reducing merchant costs, and providing loving subsidies to specific groups. Specific measures include setting up a special assistance loan with a total amount of 20 billion yuan and a 12-month period; exempting all Tmall merchants from the platform service annual fee in the first half of 2020; Taobao launches the "Love Assistance to Farmers" activity, etc. (E-commerce News)
　　 2. Ant Financial Research: 80% of small stores encountered a funding gap.
　　According to February 11, today, the survey data disclosed by Ant Financial showed that 80% of small stores said they were facing a funding gap, most of which were between 10,000 and 100,000 yuan. 70% believed that if they had financial support, they could overcome the difficulties themselves. It is understood that data released by Alipay and Ant Commercial Bank show that small stores are resilient under the epidemic exceeds expectations: the national small store operating rate has rebounded for four consecutive days; in the past two weeks, the store opening rate of small stores supported by loan quotas has doubled compared with the average. (Beijing News)
　　 3. Alibaba will release its third-quarter financial report for fiscal year 2020 on February 13.
　　On February 11, Alibaba announced that it will release its third-quarter financial report for fiscal year 2020 ended December 30, 2019 before the opening of the US stock market on February 13, 2020. After the financial report is released, the Alibaba management team will hold an earnings conference call at 7:30 am on February 13, that is, at 8:30 pm on February 13, Beijing time. (Sina Technology)
　　 4. Alipay and Ant-Commerce Bank: The national small store operating rate has rebounded for four consecutive days.
　　February 11th news, today, data released by Alipay and Ant-Commerce Bank showed that small stores are resilience beyond expectations under the epidemic: the national small store operating rate has rebounded for four consecutive days; in the past two weeks, the store opening rate of small stores supported by loan quotas has doubled the average; among the opening of takeaway stores, the proportion of takeaway business has increased from 49% to 61%. It is reported that Alibaba launched 20 special measures in six major aspects yesterday to help the development of small and medium-sized enterprises. Among them, Ant Commercial Bank announced that it would not withdraw loans for credit stores, reducing the interest rate by 20% for online and offline stores of 8.5 million. (E-commerce News)
　　 5. Ele.me: It has joined hands with fresh food merchants to help online sales of unsold agricultural products.
　　On February 11, Ele.me said that it has joined hands with fresh food merchants such as Youxian Vegetable Market and Vegetables to realize online one-stop purchase and door-to-door delivery of vegetables, fruits, meat, poultry and aquatic products through 60,000 stores, focusing on ensuring the "mobile vegetable basket" in 38 cities across the country. In addition, Ele.me has cooperated with merchants to help small and medium-sized farmers put agricultural products facing unsalable sales difficulties online as soon as possible. It is understood that Alibaba's Large Agricultural Office recently released the "Love Assisting Farmers" plan to help unsold agricultural products in core production areas across the country to create an emergency supply chain and ensure that the urban vegetable basket is sufficient in volume and stable in price. (E-commerce News)
　　 Internet Information
　　 6. Tongcheng Express Platform Flash Express released the "Enterprise Employee Assistance Plan".
　　On February 11, Tongcheng Express Platform Flash Express announced today that it will launch the "Enterprise Employee Assistance Plan" nationwide. According to reports, the plan aims to help companies that cannot operate normally during the epidemic and absorb their employees to become flash delivery workers. Through this flexible short-term employment method, it can alleviate the cost pressure of the company and increase the income of the company's employees. At present, Flash Express has issued invitations to tens of thousands of catering, tourism, and designated driving industries that it cooperates with. (E-commerce News)
　　 7. Rebate Network: During the epidemic, the mask category increased by 58.41 times
　　year-on-year. On February 11, the rebate Network launched an inventory of e-commerce consumption data during the epidemic based on the week before and after the Spring Festival. Data shows that during the epidemic, instant noodles increased by 133.34% year-on-year, unified instant noodles increased by 297.14% year-on-year, and Master Kong instant noodles increased by 150.54% year-on-year; takeaways fell by 29.15% compared with the same period last year; in addition, compared with 2019, the overall mask category this year increased by 58.41 times year-on-year, of which disposable medical masks increased by 482.23 times, and N95 masks increased by 378.04 times. (E-commerce Daily)
　　 8. Zhou Hongyi: 360 launched the "Hundred Cities Fighting the Epidemic, Ten Thousand People Support" event
　　. February 11th news, yesterday, 360 Chairman and CEO Zhou Hongyi issued a letter of all staff, announcing the launch of the "Hundred Cities Fighting the Epidemic, Ten Thousand People Support" event, calling on IT experts from 360's business units and branches across the country to mobilize on the spot, join the volunteer team of 360's corresponding cities, and work with industry partners to fully support government and enterprise units in various places in terms of network security guarantee, epidemic/public opinion data analysis, community/park closed management, epidemic combat command system, and epidemic insurance mutual assistance. Recently, Zhou Hongyi also issued the 360 ​​"Fight the Epidemic" declaration: The greater the ability, the greater the responsibility. When the country is in trouble, we must use technology to do what we can. (36Kr news)
　　9. State Post Bureau: 13 express delivery companies resume normal operations
　　on February 11th. According to the State Post Bureau, as of now, 13 express delivery companies including China Post, SF Express, JD Logistics, Suning Logistics, YTO Express, Shentong Express, ZTO Express, Yunda Express, Best Express, Debang Express, Tiantian Express, ZTO Express, ZTO Express, and Zuoyue Express have all entered normal operation from the "Spring Festival model". Yousu Express will gradually resume normal operations on February 17. (E-commerce News)
　　 Cross-border e-commerce
　　10. Amazon India: US$1 billion investment will be used for long-term development.
　　February 11th news, Amazon India recently made it clear that the US$1 billion investment announced by Amazon founder and CEO Jeff Bezos during his visit to India will be used for the long-term development of the company's business in order to obtain profits in the next 5 to 10 years, rather than to significantly discount or make up for losses. Earlier, Indian Commerce and Industry Minister Peyush Goyal said that Amazon's additional $1 billion investment in India has not brought any benefits to India. Amazon has launched a significant discount on its products, and its e-commerce model will cause significant losses to the market. (E-commerce News)

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