March 4 E-commerce Morning News

    　　#Laogao E-commerce Newsletter# [E-commerce Morning News on March 4] Pinduoduo launches special supply of affordable masks in Hubei, with 3 million per day; JD.com earns its first profit in 10 years of financial report on the listing, and many institutions raise target prices; WeChat responds to "health code cannot be opened": password information triggers management specifications; reputation Ele.me: 60% of small and medium-sized merchants have resumed work, and their takeaway orders increased by 100% month-on-month; Xiaohongshu Conan: Daily active consumption of food products surpasses beauty...

    　　E-commerce newsletter

    　　1. Alibaba International Station joins hands with 140,000 cross-border trade small and medium-sized enterprises to "resuming work"

    　　March 4th news, on March 2nd, Alibaba International Station’s March New Trade Festival officially started, and 140,000 cross-border small and medium-sized enterprises began to "resuming work in the cloud", which will inject new energy into the recovery of the global economy. According to Alibaba International Station data, 12 hours after the opening of the New Trade Festival in March, the total cumulative actual transaction volume of the entire station increased by 91% year-on-year, and the number of payment buyers increased by 62.8% year-on-year. As of February 29, the proportion of merchants receiving orders and resuming business at international stations was 60.5%, and the proportion of merchants receiving orders and resuming business at large promotions accounted for 94.9%; the supply chain of China's "world factory" and "world market" is recovering. (E-commerce News)

    　　2. Suning.com: Suning's joint purchase order volume increased by 866% year-on-year in February

    　　According to data released by Suning.com on March 3, during the special period, Suning Group started from users and merchants, linking Suning's various industries (logistics, finance) advantages to help small and medium-sized merchants clear up logistics and financial difficulties, and ensure that user orders arrive on time. In February, the order volume increased against the trend, with 866% year-on-year and GMV increased by 2061% year-on-year. (Beijing News)

    　　3. Pinduoduo launches special supply of affordable masks in Hubei, with 3 million per day

    　　On March 4, Pinduoduo announced on March 3 that in order to further ensure anti-epidemic materials, the platform will work with the sales channels designated by the "Hubei Provincial COVID-19 Prevention and Control Command" to provide 3 million disposable masks to Hubei region every day, with a price of less than 2 yuan per person. It is understood that this activity was implemented by Pinduoduo and the "Hubei Provincial COVID-19 Prevention and Control Command". At the same time, under the guidance of relevant departments in Hubei Province, Pinduoduo has joined hands with China Post, SF Express, and many mask manufacturers and sales channels to jointly open up a supply chain for anti-epidemic materials integrating production, circulation and precise supply, and will continue to ensure anti-epidemic materials at low prices across the entire network. (E-commerce News)

    　　4. JD.com's first profit in its 10-year financial report, and many institutions raised their target prices

    　　According to March 4, on the evening of March 2, JD.com released its fourth quarter and full-year financial report for 2019. According to the financial report, JD.com's net revenue in the fourth quarter of 2019 was 170.7 billion yuan, net profit was 3.633 billion yuan, and a loss of 4.805 billion yuan in the same period last year. In 2019, the annual revenue was 517.03 billion yuan, the net profit was 12.184 billion yuan, and the loss was 2.49 billion yuan last year. All financial data exceeded Wall Street's expectations. This is the first annual profit in JD.com in 10 years. JD.com's latest financial report not only continued to boost stock prices, but many brokerage institutions also expressed bullish attitude. Shortly after the financial report was released, Goldman Sachs raised JD.com's target price from $47 to $52, Credit Suisse raised JD.com's stock price to $48 again after the fourth quarter of last year, and JPMorgan raised JD.com's target price from $50 to $52. (E-commerce News)

    　　5. WeChat responds to "Health Code Cannot Open": Password Information Triggers Management Specifications

    　　According to Titanium Media, in response to the rumor that "WeChat blocked DingTalk domain name and caused the health codes of 24 provinces and cities to be unable to be opened", WeChat official stated that after verification, DingTalk domain name dingtalk.com can currently be accessed normally. The reason why the Hangzhou health code cannot be directly redirected is that the password information marked by the code triggers 17 "special identification codes and password information" in the "WeChat External Link Management Specifications". WeChat contacted the service provider on the morning of March 3 and suggested that the other party make adjustments. At present, the other party has completed rectification under guidance and has resumed the normal jump of its external link. (E-commerce News)

    　　Internet news

    　　6. Reputation of Ele.me: 60% of small and medium-sized merchants have resumed work, and their takeaway orders have increased by 100% month-on-month

    　　According to news on March 4, Ele.me data shows that the business of merchants in the local life industry has recovered in full swing. As of early March, 60% of small and medium-sized merchants have resumed work, and their takeaway orders have increased by 100% month-on-month. On the word-of-mouth platform, bookstores, hair salons and other stores are gradually recovering, with orders increasing by 800% and 360% month-on-month, and many merchants are trying new marketing methods such as live broadcasts. Among the small and medium-sized businesses that have resumed business, street shops have recovered rapidly. In February, more than 80,000 stores opened takeaway business on Ele.me, and nearly 70% of the stores continued to open, of which 60% of the revenue reached or exceeded the level before the Spring Festival. (Cailianshe)

    　　7. 58.com denies layoffs and forced salary cuts

    　　According to DoNews, in response to the rumors of "58.com layoffs and forced salary cuts", the 58.com Public Relations Department responded that the news was untrue, and the company's relevant personnel arrangements are still normal business adjustments. It is understood that a Weibo user recently quoted people familiar with the matter and said that 58.com has begun laying off employees, with the layoffs reaching 20%, and unilaterally forced employees to stay for two months without paying only 80% of their basic salary. (E-commerce News)

    　　8. Alibaba Zhang Yong: 96% of small and micro operators have a capital gap of less than 1 million

    　　March 3 news, yesterday, Hangzhou held a meeting to promote development in the fight against the epidemic and promote development. Zhang Yong, Chairman and CEO of Alibaba, pointed out in his speech that when Alibaba conducted research on small and micro enterprises on the platform, it was found that the top three costs affecting them were rent, labor and loan interest. Zhang Yong said that 96% of the small and micro operators had a funding gap of less than 1 million yuan. For them, if they could provide some support, they could help them gain valuable time and overcome difficulties. (Lieyun.com)

    　　9. Conan of Xiaohongshu: Daily active consumption in food products surpasses beauty makeup

    　　On March 4, Conan, the head of Xiaohongshu community, recently revealed in an internal square conversation that since February, Xiaohongshu's food consumption DAU has once surpassed beauty and makeup, becoming the largest vertical category on the site. Hongshu's community data shows that food, culture and entertainment, sports and fitness, medical and health care and education have become the categories with the largest number of new releases in the past month. Among the topics of staying at home initiated by Xiaohongshu in the community, the topics of "Home Food is Not the same" and "Home Battle" have views of 390 million and 500 million respectively, of which more than 510,000 notes were written on the topic of "Home Food is Not the same". (CCTV News)

    　　Cross-border newsletter

    　　10. eBay clarifies the distribution policy for the new coronavirus-related product

    　　According to March 3, in view of the current global development of the new coronavirus, eBay issued an announcement today to remind sellers to pay attention to the publishing policies of relevant products. First, eBay prohibits the inclusion of health statements in titles and article descriptions, and prohibits the abuse of words such as "Coronavirus", "Covid-19", "Virus", "epidemic" (infectious diseases). In addition, the platform also prohibits the publication of items that attempt to profit from tragedies and disasters, such as the outbreak of the new coronavirus epidemic. (Tencent Technology)

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