March 18 E-commerce Morning News

　　#Laogao E-commerce Newsletter# [E-commerce Morning News on March 18] Pinduoduo's first "Spring Farming Festival" will be officially launched to subsidize 300 million yuan; Huabei: More than 20 million people have used Huabei installments interest-free; JD.com announced the repurchase of US$2 billion in stocks and the stock price rose by 8.83%; Lei Jun: Xiaomi will be committed to playing a pioneer role in the popularization of 5G; Pinduoduo: 97% of suspected infringement links were intercepted and banned by the platform before they were launched...

　　E-commerce newsletter

　　1. The first "Spring Farming Festival" of Pinduoduo will be officially launched and will be subsidized by 300 million yuan.

　　On March 17, recently, the first "Spring Farming Festival" of Pinduoduo was officially launched, with a subsidy of 300 million yuan and a dozen agricultural input brands to subsidize production materials to the village and rural areas through the online direct supply model of "direct production line to the fields". Pinduoduo said that this "Spring Farming Festival" will last until April 20, basically covering the prime time for spring farming preparations in all production areas across the country. The platform subsidized production materials such as agricultural machinery, agricultural films, seeds, fertilizers, etc. are expected to cover more than 10 million mu of arable land. Recently, Pinduoduo reached a strategic cooperation with the Guangdong Provincial Department of Agriculture and Rural Affairs to help Guangdong's characteristic agricultural products go online and enter the city. (36Kr)

　　2. Reputation Ele.me announced the establishment of Alibaba Local Life University

　　According to Sina Technology on March 17, in order to help merchants operate private domain traffic, Ele.me recently announced the establishment of Alibaba Local Life University. In the next three years, it will output 1,000 high-quality courses to help 10 million local life practitioners upgrade and develop their digital capabilities. In addition, millions of merchants can also obtain various training opportunities from Taobao University simultaneously. According to reports, Alibaba Local Life University has launched eight colleges in the first batch, including the Catering School, Hummingbird Logistics School, New Retail School, etc. (Beijing News)

　　3. Huabei: More than 20 million people have used Huabei installment free interest

　　According to March 17, today, Huabei released Huabei installment interest-free transcript. Data shows that more than 5 million merchants and institutions across the country have access to the Huabei installment interest-free function, and more than 20 million netizens have used the Huabei installment interest-free function. It is understood that in the past two years, Huabei has invested more than 1.5 billion yuan in three major fields, including education, medical care, and travel, and has established multiple special interest-free funds. Among them, Huabei established a 1 billion Spring Festival travel fund in 2019, providing users across the country with interest-free installment services for buying train tickets. (Sina Technology)

　　4. JD.com announced a $2 billion repurchase of stocks. The stock price rose by 8.83%.

　　According to reports on March 18, JD.com issued an announcement last night stating that the company's board of directors authorized to pass an equity repurchase plan of up to US$2 billion in the next 24 months. Due to this news, JD.com's stock price closed up 8.83% in total yesterday. (E-commerce News)

　　5. Tmall Club and CALVIN KLEIN jointly launch CK ONE "Cloud Pop-up Store"

　　On March 17, Tmall Club recently joined hands with fashion brand CALVIN KLEIN to launch the CK ONE "Cloud Pop-up Store" integrated into the interactive 3D virtual experience exhibition, which will last until March 20. According to reports, consumers can directly enter the "CALVIN KLEIN official flagship store" through the scanning code entrance on Tmall or Taobao homepage, and then arrive at CK ONE's "Cloud pop-up store". (Sina Technology)

　　Internet news

　　6. Lei Jun: Xiaomi will be committed to playing a pioneer role in the popularization of 5G

　　On March 18, Lei Jun, founder, chairman and CEO of Xiaomi Group, said that this year is the charge year for Xiaomi Group's 5G business, and the company will be committed to playing a pioneering role in the popularization of 5G. Xiaomi has deployed more than ten 5G mobile phones this year, and the entire product line is very complete. (Sina Finance)

　　7. Pinduoduo: 97% of suspected infringing links were intercepted and blocked by the platform before they were launched.

　　On March 17, Pinduoduo recently released the "Annual Report on Consumer Rights Protection (2019)". 97% of Pinduoduo's suspected infringement links were intercepted and banned by the platform before they were launched, and more than 88,000 stores suspected of illegal and irregular were voluntarily closed by the Pinduoduo platform; over the past year, the platform has handed over more than a thousand clues involved in the case to law enforcement agencies at all levels across the country, and assisted police in various parts of the country to arrest more than 200 suspects, with the amount involved in the case exceeding 100 million yuan. (Sina Technology)

　　8. The total amount of ByteDance Hospital's rescue fund increased to 405 million yuan

　　On March 17, ByteDance Medical Relief Fund issued a public announcement. As of 24:00 on March 15, in less than a month, a total of 30,231 ByteDance employees donated to the ByteDance Medical Workers Humanitarian Relief Fund of the China Red Cross Foundation, with a total amount of 172,85,026.73 yuan. At the same time, ByteDance also made a 1:1 donation for the donation. At this point, the total amount of ByteDance Hospital's relief fund has increased to 405 million yuan, making it the largest medical humanitarian relief fund in China. As of March 16, the fund has provided funding to 2,334 front-line medical workers in epidemic prevention and control. (Tencent Technology)

　　9. China Youzan resumes the third-party payment service framework agreement

　　According to March 17, China Youzan recently issued an announcement stating that since the new third-party payment service framework agreement will expire on May 31, 2020, Beijing Gaohuitong (the company's indirect wholly-owned subsidiary) and Hangzhou Youzan have entered into the 2020 third-party payment service framework agreement on March 12, 2020. Beijing Gaohuitong will continue to provide various third-party payment services to Hangzhou Youzan, and the year will be from the date the prerequisites described in this announcement are met to December 31, 2022 (including the beginning and end two days). (IT Home)

　　Cross-border newsletter

　　10. Shopee releases an announcement on cross-border parcel transportation in Malaysia

　　Shopee issued an announcement on the transportation of cross-border parcels in Malaysia on March 17, with the original text as follows:

　　The Malaysian government has taken relevant epidemic prevention measures to combat the spread of the novel coronavirus epidemic. In order to ensure support for the operation of sellers, Shopee is actively cooperating with the Malaysian government’s epidemic prevention work, while working hard to coordinate cross-border parcel transportation plans. At present, Malaysia's epidemic prevention measures may delay the transportation of Shopee parcels at the end. But it will not affect cross-border parcel transportation. Please send the goods normally by your friend. Thank you!

　　Please note: Recently, Shopee Malay site has cooperated with epidemic prevention work and made policy adjustments to local sellers. These adjustments are only for local sellers. Please refer to the Shopee official bulletin board notice for cross-border sellers. Please send the goods on time, thank you.

　　If there is any change, Shopee will notify the seller's friend as soon as possible! (Hugo.com)

 Click to register < a> Apply to join the well-known domestic e-commerce network - Laogao E-commerce Club. All businesses, Tmall merchants, Taobao Crown Stores, Jinguan Stores, and other e-commerce platform merchants can apply to join! < a>

,