May 12 E-commerce Morning News

　　#Laogao E-commerce Newsletter# [May 12 E-commerce Morning News] Internet Chinese stocks rose by Alibaba 2.09%; Pinduoduo launched the first "Duoduo Parent-Child Festival"; China Youzan plans to subscribe to 10% of Hangzhou AiGuan Network's equity; JD Pharmacy: As of April, the drug delivery business has covered 208 cities; the first batch of domestic game versions were released in May, Tencent NetEase and others were approved...

　　E-commerce newsletter

　　1. Internet Chinese stocks generally rose Alibaba rose 2.09 %

　　On May 12, the U.S. stock market closed on Monday, and the stock prices of Chinese stocks listed in the Internet generally rose, with Alibaba rising 2.09%, Pinduoduo rising 0.62%, ZTO Express rising 4.17%, Yunji rising 2.31%, and Mogujie rising 1.85%. (E-commerce News)

　　2. Pinduoduo launches the first "Duoduo Parent-Child Festival"

　　According to May 11, Pinduoduo launched the first "Duoduo Parent-Child Festival", with the event time from May 10 to 15, covering 30,000 brand SKUs. Pinduoduo predicts that through this event, it will unite 900 brands to reach 150 million consumers, bringing more than 30 million new customers to brand owners. (36Kr)

　　3. Baidu Smart Cloud has joined two new vice presidents to enhance the competitiveness of to B

　　Baidu revealed that Baidu Smart Cloud held a quarterly meeting last week. On the same day, the core middle and senior executive team of Baidu Intelligent Cloud appeared collectively, covering basic cloud, AI PaaS, industry tracks, products, operations, sales and other departments. It also includes two recently joined vice presidents and two directors in charge of pre-sales solutions. (Sina Technology)

　　4. China Youzan plans to subscribe to 10% of Hangzhou AiGuang Network's equity

　　On May 11, China Youzan issued an announcement that today, the company and the target company (Hangzhou Aikun Network Information Service Co., Ltd.) entered into a memorandum of understanding on the company's proposal to subscribe to Xin Aikun shares (equivalent to about 10% of the target company's equity). The target group is mainly engaged in live broadcast business and promotes live broadcast anchors to promote product promotion on e-commerce platforms. (E-commerce News)

　　5. JD Pharmacy: As of April, the drug delivery business has covered 208 cities

　　According to JD.com, this month, JD Pharmacy celebrated its 4th anniversary and its membership system was upgraded simultaneously. Data shows that as of April 2020, the annual compound growth rate of JD Pharmacy's drug transaction amount was 204%, and the annual compound growth rate of transaction orders was 268%; the number of new users from 2019 to 2020 was 8.73 million, an increase of 65% year-on-year. The data also shows that in April 2019, JD Pharmacy launched a drug emergency delivery service, providing users with 30-minute home delivery service. At present, the service has been connected to more than 15,000 stores, covering 30 provinces and 208 cities across the country. (E-commerce News)

　　Internet Information

　　6. Second-hand luxury goods distribution service provider "Fathu Technology" completed a B round of financing of 175 million yuan

　　36Kr exclusively learned that Fathu Technology has completed a B round of financing of 175 million yuan, led by Dachen Venture Capital and Dace Capital, followed by Binfu Capital, and Fangchuang Capital serves as the exclusive financial advisor. Founded in 2015, Fat Tiger Technology initially entered the second-hand luxury goods market with the C2B2C platform model. It has now turned to B-side sales, similar to the "Love Recycling" in the second-hand luxury goods market. It is reported that in 2019, Fat Tiger's revenue was about 600 million yuan and its GMV exceeded 1 billion yuan. (36Kr)

　　7. Luckin Coffee and Xiaolu Tea remove celebrity posters, official customer service: No modern spokesperson changes

　　According to the news on May 11, Luckin Coffee's official 400 customer service stated that Tang Wei and Liu Haoran are still the spokespersons of Luckin Coffee, and Xiao Zhan is the spokesperson of Xiaolu Tea. There is no modern change in spokespersons. There is no response to the disappearance and replacement of store materials and poster spokespersons. (Titanium Media)

　　8. Quanshi Convenience Store Franchise Store: Successive operation is "still negotiating with the company"

　　Beijing Shanhai Blueprint Commercial, the parent company of Quanshi Convenience Store, recently issued a "Notice of Stopping Business", saying that all stores in Beijing will end their operations at 24:00 on May 20 this year, and will sell all the products at 30% to 30% off (excluding cigarettes). In response to this, a Quanshi Convenience Store store staff said it was true, "However, the system has not adjusted the data of our store yet, and it is still selling at the original price. The direct-operated store is closed at the end of the month as stated in the notice. How will our franchise store be operated in the future, and we are still negotiating with the company." (Securities Daily)

　　9. The first batch of domestic game versions were released in May, and Tencent NetEase and others were approved

　　On the evening of May 11, the official website of the State Administration of Press, Publication, Radio, Film and Television released the approval information for domestic online games in May. A total of 55 games have passed the approval, of which 26 are casual puzzle games, 7 PC games, and the rest are mobile games. Giant Network's "Ball Battle 2", Tencent's "Song of Everlasting Sorrow", NetEase's "Storm Duel", Longyuan Network's "Duoduo Auto Chess" (PC Game), Shengqu Game's "Forgetful Journey", Mihayou's "Collapse 3" (PC Game), Zhongqingbao's "A Day of Playing Beauty" and "Monster House" (PC Game), Jibit's "Synthetic Small Town", and Beijing Youth Daily's "Bubble Superman" were approved. (36Kr)

　　Cross-border e-commerce

　　10. News says Amazon and AMC theaters have not negotiated on the agreement, and the latter's gains narrowed to less than 30%.

　　On May 11, Wang Jianlin's AMC Cinemas, a subsidiary of Wang Jianlin, plunged in the short term, and the increase has narrowed to 28%, which was previously rising by more than 50%. According to Deadline Hollywood, Amazon and AMC theaters did not negotiate on the agreement. (Titanium Media)

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