March 27 E-commerce Morning News

"#Laogao E-commerce Newsletter# [E-commerce Morning News on March 27]" Pinduoduo: 7 museums around the world will be broadcast on Pinduoduo live streaming to sell goods; Hangzhou will issue 1.68 billion yuan of electronic consumption vouchers from tomorrow; Luo Yonghao officially announced that Douyin live streaming to sell goods so far exceeded 1.5 million fans; Yu Minhong: He is considering the retirement time will not be announced to the public; Suqian Jingyun Advertising Co., Ltd. has established Liu Qiangdong and Zhang Zetian to jointly hold shares...

E-commerce newsletter

1. Pinduoduo: 7 museums around the world will be broadcast on Pinduoduo to bring goods

On March 26, Pinduoduo announced on Weibo that on March 27, the Metropolitan Museum of Art, the Yangling Mausoleum of Emperor Jingdi of Han, the Hainan Provincial Museum, the Nanyuewang Museum of the Western Han Dynasty, the Temple of Heaven Park, the Hunan Xiang Embroidery Museum, and the Guanfu Museum will start live broadcasts in Pinduoduo and sell nearly a thousand museum-specific highlights. It is reported that users can search for "Museum Live" on the Pinduoduo App to reach the event page. (Pinwan)

2. Alipay City Life Week: Fliggy Travel Package order growth rate reached 700% month-on-month

According to reports on March 26, Alipay started the "City Life Week" on March 18. Data shows that consumers' popularity in eating, drinking and having fun has increased in the past week. Among them, Ele.me data shows that users who have opened the "foodie card" have higher customer orders in the past week, with an average consumption power of 21%. Fliggy data shows that in the past week, Fliggy has conducted more than 7,300 live broadcasts, attracting more than 820,000 people to watch online; travel package orders increased by more than 700% month-on-month, and Shanghai consumers have the highest ability to "shop" in travel. (Tianxia Online Business)

3. WeChat promotes "payment" of installment consumer loan products, and can be borrowed and returned as soon as possible

On March 26, some users’ WeChat has launched the “payment” function. According to Tencent customer service information, distribution and payment are like other similar personal consumer loan products, which are a payment method that can be consumed first and then paid. It is understood that when users use WeChat payment, they can use "Fixed Payment" to pay first, and then make installments. During the process of Activating WeChat Payment and Consumption, users do not need to apply for installments in advance, and directly select installments when paying. When making payment, users do not need to withdraw cash in advance. They just select "Disclaimer Payment" when making payment. The minimum repayment is 10% per issue. In terms of interest, the distribution will be calculated based on the actual number of days used by the user, and the accumulated interest will be paid when repaying the loan. After repayment, the principal decreases and the interest also decreases. Borrow and return as you like. (Sina Technology)

4. Meitu Wu Xinhong: Inside live e-commerce services will be on Meitu Xiuxiu in April

Meitu Company held a 2019 annual performance conference. In terms of e-commerce, Meitu CEO Wu Xinhong revealed that Meitu will be tested for live e-commerce services in April, which will be on Meitu Xiuxiu. It will cooperate with major e-commerce companies in the early stage, and will not do self-operated e-commerce at present. Speaking of the issue of smart hardware, Wu Xinhong said that Meitu has stopped independent research and development of to C's smart hardware, including products such as smartphones and face washers. Meitu Yifu is the main focus, and smart hardware is concentrated on to B revenue. (Sina Technology)

5. Alibaba Pictures: Taopiaopiao and Youku Tudou have entered into an advertising service cooperation framework agreement

On March 27, Alibaba Pictures issued an announcement announcing that the company's merged subsidiary Shanghai Taopiao signed an advertising service cooperation framework agreement with AGH's merged entity Youku Tudou on March 26, 2020, which will be valid from April 1, 2020 to March 31, 2021. According to the Advertising Service Cooperation Framework Agreement, Youku Tudou has agreed to encourage its or its affiliated customers to use it, and Shanghai Taopiaopiao has agreed to provide advertising resources and services to promote the products or services of Youku Tudou or its affiliated customers through ticketing platforms and channels operated by Shanghai Taopiaopiao or its affiliated customers. (E-commerce News)

Internet news

6. Hangzhou will issue 1.68 billion yuan in electronic consumption coupons from tomorrow

According to reports on March 26, it is reported that starting from March 27, Hangzhou will successively issue 1.68 billion yuan in consumption coupons to all personnel in Hangzhou. The government issuance of this round of consumption coupons is 500 million yuan, of which 15 million yuan is used for consumption subsidies for people in need, and the remaining 485 million yuan is used for the issuance of electronic consumption coupons. At the same time, the merchant matches the discount quota of about 1.18 billion yuan, and the actual total consumption coupons are expected to reach 1.68 billion yuan. All personnel in Hangzhou (including those who come to Hangzhou from other countries) can apply on Alipay. (Released in Hangzhou)

7. Luo Yonghao officially announced that Douyin live streaming has sold goods so far. The number of fans has exceeded 1.5 million.

On March 26, Luo Yonghao posted a Weibo and video this morning, announcing his exclusive cooperation with Douyin to start his live streaming career, and set the premiere time at 8 pm on April 1. As of 10 o'clock tonight, Luo Yonghao's first video has exceeded 500,000 likes, and Luo Yonghao's TikTok fans have reached 1.517 million. (Sina Technology)

8. Yu Minhong: The retirement time is already being considered and will not be announced to the public for the time being

On March 26, New Oriental Chairman Yu Minhong said in a live broadcast of Aerial Yabuli yesterday that he was considering retirement during the epidemic, but the time will not be announced to the public. "I haven't been very interested in running a business yet. If I am interested in running a business, New Oriental should be a little bigger than it is now. In the future, New Oriental will be left to the younger generation of people." He said, "I will do more fun things, study, travel, and share my travel experience with others." (Economic Reference News)

9. Suqian Jingyun Advertising Co., Ltd. established Liu Qiangdong and Zhang Zetian to jointly hold shares

According to reports on March 27, Tianyan Check data showed that recently, Jiangsu Saif Green Food Development Co., Ltd., jointly held by Liu Qiangdong and Zhang Zetian, added a new foreign investment and established Suqian Jingyun Advertising Co., Ltd. with wholly-owned. The company has a registered capital of 1 million yuan, and its legal representative is the general manager and executive director. Its business scope includes food business; health food sales; food Internet sales, infant formula sales; cosmetics retail, etc. Tianyan Check data shows that Jiangsu Saif Green Food Development Co., Ltd. was established on April 6, 2016. Liu Qiangdong is the chairman of the company, holding 7.23% of the shares; Zhang Zetian is the director of the company, holding 1.81% of the shares. (Sina Technology)

Cross-border newsletter

10. Many states in the United States criticized the lack of sufficient sick leave system during the epidemic

On March 26, attorneys generals from 14 states and Washington, DC said in a letter to Amazon that the company's sick leave system is insufficient. The letter reads that during the developing coronavirus pandemic, Amazon's sick leave system is not enough to provide protection for public health. Although Amazon has said it provides up to two weeks of paid sick leave for employees who have confirmed to be infected with the virus or are quarantined, Massachusetts Attorney General Mora Healy said two weeks of paid sick leave are not enough. At the same time, the attorney general also urged the company to provide more generous paid leave policies for its employees and independent contractors (Beijing Business Daily)

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