E-commerce Morning News on February 27

"#Laogao E-commerce Newsletter# [E-commerce Morning News on February 27]" Tencent issued an 88 million yuan "Fight Epidemic Refund Package" to help multiple academician teams; Alibaba Health and Tmall jointly launched the "Safe Purchase Drugs" plan; data was "manually destroyed" by employees, and the market value of WeMall Group evaporated by more than HK$1.1 billion; State Post Bureau: In January, the business volume of express delivery companies nationwide decreased by 16.4% year-on-year; Sina's net revenue in 2019 was US$2.16 billion, up 3% year-on-year...

E-commerce newsletter

1. Tencent issued an 88 million yuan "Fight Epidemic Refuel Package" to help multiple academician teams

On February 26, Tencent announced that it would invest 88 million yuan to establish the "Fight Epidemic Refund Package" to support the scientific research field in scientific research, public health research, medical care and other aspects. Part of it will assist scientific research and part of it will be used for the care of medical staff on the front line of the epidemic. It is reported that this is also an important part of Tencent’s 1.5 billion yuan “fighting epidemic fund”.

In addition, Tencent will continue to provide long-term support for long-term research on coronavirus in the scientific research field, future improvement of medical facilities, authoritative popular science and other aspects. (E-commerce News)

2. Alibaba Health and Tmall jointly launch the "Purchase of Medicines with confidence" plan

February 26th news, today, Alibaba announced that Alibaba Health and Tmall jointly launched the "Safe Purchase Drugs" plan: starting today, 300 million chronic disease patients across the country can purchase prescription drugs on Tmall. Recently, Alibaba Health also announced that it would launch five major guarantee measures for 13 million chronic disease patients. Including organizing the "Hubei Drug Search Alliance" for merchants across the country, looking for scarce drugs 24 hours a day. (Titanium Media)

3. JD Supermarket opens a national "green channel" for tea products

According to February 26, in order to help the sales of spring tea in special periods, JD Supermarket recently jointly with JD flash sale platform business to introduce a series of preferential policies and resource support to open a national "green channel" for tea products. Among them, JD Supermarket provides tea merchants with a series of policy preferences such as entry, operation, and promotion. During the epidemic, tea merchants who enter the Jingdong Supermarket can enjoy the policies of reducing deductions and reducing platform fees when entering the Jingdong Supermarket. During the epidemic, rebate policies and special post-epidemic support plans have also been formulated for merchants outside of Hubei to help merchants quickly get out of the sales dilemma. (E-commerce News)

4. Alibaba Customer Experience Group announced the launch of the "Cloud House Sales Hotline"

According to February 26, in order to help affected real estate companies and intermediary institutions resume production and operation, Alibaba Group Customer Experience Business Group (abbreviated as Alibaba CCO) announced today that it will open a "cloud house selling hotline". Real estate institutions can call the hotline at 400-822-2870 to inquire about the specific methods and conditions for entering the "online sales office" of Alibaba auction. At the same time, Alibaba Auction and Taobao Live will also provide technical support such as online VR house viewing and live house viewing, and provide free live training to help real estate institutions affected by the epidemic resume production and operations. (E-commerce News)

5. 1688 temporary adjustment of cross-border dedicated channel order confirmation delivery time rules

According to the news on February 26, an announcement was issued on 1688, saying that it would alleviate the impact of logistics suspension on corporate operations. Alibaba's cross-border dedicated channel will adjust the confirmation and receipt time of current orders. It is reported that the scope of the adjustment of the rules is the scenario where the cross-border supply center purchases goods from cross-border specialized merchants and sells them to overseas buyers through specific sales channels. Specifically, from 00:00:00 on January 14, 2020 to 23:59:59 on February 6, 2020, the Cross-border Dedicated Channel will automatically confirm the delivery time of the orders paid by the Cross-border Dedicated Channel to the Cross-border Dedicated Merchant through the Cross-border Supply Center, its system will automatically confirm the delivery time from the 11th natural day after the merchant declares the delivery to the 59th natural day. For orders from 00:00:00 on February 7, 2020 to 23:59:59 on February 29, 2020, the system automatically confirms the delivery time from the 11th natural day after the merchant declares the shipment to the 34th natural day (E-commerce News)

Internet news

6. Ele.me’s reputation: commissions will be exempted from 50,000 stores from March

According to news on February 26, Ele.me's reputation today announced that starting from March 1, some merchants with high-quality food and excellent services in Chengdu will once again reduce commissions. Among them, the product commission on the Ele.me platform was reduced by 5%, and the commission on the word-of-mouth platform was partially exempted or completely exempted, for a period of 1 to 3 months. According to Ele.me's reputation, the first batch of exemption policies will be implemented in Guangzhou, Shenzhen, Chengdu and Chongqing, covering more than 50,000 stores. At the same time, these merchants will also provide traffic support with a total value of 70 million yuan. (E-commerce News)

7. Data is "manually destroyed" by employees, and the market value of WeMall Group evaporated by more than HK$1.1 billion

On February 26, after the company's data was revealed to be artificially damaged by employees, the market value of WeMall Group declined sharply. The latest data shows that as of the closing on the 26th, WeMall Group fell 8.09% to close at HK$5.68, with a market value of approximately HK$12.714 billion, which evaporated by approximately HK$1.119 billion compared with the last trading day before the incident (21st). It is understood that WeMall Group has reported the case to the public security department for the "human damage" of SAAS business data by an employee, and is formulating relevant compensation plans for user losses. (Huaxia Times)

8. Sina's net revenue in 2019 was US$2.16 billion, up 3% year-on-year

According to February 26, Sina today released its unaudited financial reports for the fourth quarter and the full year ended December 31, 2019. According to the financial report, in the fourth quarter of 2019, Sina's net revenue was US$593.3 million, a year-on-year increase of 4%; a net loss of US$175 million, and a net profit of US$16.377 million in the same period last year. In the whole year of 2019, Sina's net revenue was US$2.16 billion, a year-on-year increase of 3%; a net loss of US$70.5 million, or a diluted net loss per share of US$1.03. (Lieyun.com)

9. State Post Bureau: The business volume of express delivery companies nationwide decreased by 16.4% year-on-year in January

According to the State Post Bureau on February 26, in January, the total volume of postal service business reached 22.95 billion yuan, a year-on-year increase of 1.7%; the volume of postal delivery service business reached 2.12 billion pieces, a year-on-year decrease of 4.7%; the revenue of postal delivery service business reached 3.88 billion yuan, a year-on-year decrease of 12%. In January, the business volume of express delivery service enterprises nationwide reached 3.78 billion pieces, a year-on-year decrease of 16.4%; business revenue reached 50.05 billion yuan, a year-on-year decrease of 16.1% (Securities Times)

Cross-border newsletter

10. eBay: Packages marked with "Sterilized" and other words must be provided with disinfection certificates

On February 26, ebay issued an announcement today to notify the package of "Sterilized" or related words. Recently, eBay received a notice from the logistics company that customs in some destination countries have noticed that some parcels from mainland China are marked with the word "Sterilized". The relevant authorities and logistics companies require the sender to provide valid disinfection certificates or relevant documents before customs clearance and delivery. (Tencent Technology)

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