#Laogao E-commerce Newsletter# [May 14 E-commerce Morning News Brief] Forbes released the 2020 Global Enterprise Top 2000 List: Apple No. 9 and Alibaba No. 31; Taobao Special Price Edition: More than 280,000 foreign trade factories have settled in since its launch; JD.com launched the second luxury festival to cover nearly 20 categories; Amazon released two new Fire tablets, starting at US$90; fast fashion clothing brand Esprit will close stores at the end of May...
E-commerce newsletter
1. Taobao special price version: More than 280,000 foreign trade factories have settled in since they were launched
According to reports on May 13, Taobao Special Price Edition data shows that since it was officially launched on March 26, more than 280,000 foreign trade factories have entered the platform to seek to convert foreign trade to domestic sales. Among them, the number of new foreign trade factories that entered Taobao's special price version in April increased by 30% month-on-month, and sales also saw a month-on-month increase of nearly 300%. (E-commerce News)
2. Forbes released the 2020 Global Enterprise Top 2000 List: Apple No. 9 and Alibaba No. 31
On May 13, Forbes released the 18th issue of the top 2,000 companies in the world. This list analyzes the company's sales, profits, assets and market value, and selects the world's largest, most influential and most valuable companies. Among them, Industrial and Commercial Bank of China ranked first for the eighth consecutive year, Apple ranked 9th, Alibaba ranked 31st, and Tencent Holdings ranked 50th. (E-commerce News)
3. JD.com launches the second luxury goods festival to cover nearly 20 categories
According to May 13, JD.com launched the second JD Luxury Products Festival, with the event from May 13 to May 20. This luxury goods festival attracted more than a thousand selected brands to participate, covering nearly 20 categories including luxury goods, beauty products, watches, home appliances, communication and mobile phones, flowers, traditional nourishment, food and wine, home, mother and baby. On May 16, JD Luxury Festival will also launch a 6-hour uninterrupted live broadcast to bring goods to international brands. (E-commerce News)
4. Pinduoduo and JD.com both rose against the market and rose by more than US$70 billion
According to reports on May 14, U.S. stocks closed lower on Wednesday, with the Dow Jones Index closing at 23,247.97 points, down 516.81 points, or 2.17%, setting the largest single-day decline since May 1 this year. In such a general decline, many Chinese stocks rose against the trend. Among them, Pinduoduo's stock price closed at US$59.83 on Wednesday, setting a new record high, with a market value of US$71.654 billion; JD.com closed at US$47.81, up 1.66%, with a market value of US$70.215 billion. Its historically highest stock price was US$50.68 in January 2008, and it is only one step away from this. (E-commerce News)
5. Tencent launches the "Digital Ark" program to focus on helping six major areas such as agriculture, commerce, and culture and tourism.
On May 13, Tencent announced today that it would launch the "Digital Ark" plan to support the transformation of small and medium-sized enterprises in terms of reducing costs, attracting traffic and expanding customers, setting up special funds, and opening up technology. It will focus on helping six major areas such as agriculture, industry, commerce, education, medical care, and cultural tourism, including providing offline catering merchants with free mini-program takeaway and pre-order business systems and operation guidance. (E-commerce News)
Internet Information
6. Alibaba launches Vlog product "coarse salt", iQiyi launches "PAO"
Alibaba is secretly launching a Vlog product called "Coarse Salt", which has now started internal testing; and iQiyi has also launched a Vlog product called "PAO". The product developer of "coarse salt" is Zhuoyi Changyou (Beijing) Technology Co., Ltd. According to Qichacha, the company's major shareholder is Hangzhou Baoxuan Investment Management Co., Ltd., and one of the senior executives is Yu Siying, vice president of Alibaba Group. The developer of "PAO" is Beijing iQiyi Technology Co., Ltd. (Tech Planet)
7. Sony: Selling only 400,000 mobile phones in the first quarter, hitting a record low
Sony announced that from January to March 2020, only 400,000 Xperia smartphones were shipped. This figure hit a record low in Sony, far below Sony's target of 700,000 units, a 63.7% drop compared with the same period last year, with shipments of 1.1 million units in the same period last year. (IT Home)
8. Amazon releases two new Fire tablets, starting at $90
According to foreign media reports, Amazon has released two new 8-inch Fire tablets, starting at $89.99. Among them, the entry-level Fire HD8 is equipped with 32GB of storage space. The upgraded version of the Fire HD8 Plus is equipped with larger storage space and supports wireless charging. Plus a 6-month subscription to Kindle UnLimited, priced at $109.99. In addition, Amazon has released a children-friendly version with a child-friendly protective case for $139.99. (Sina Technology)
9. Fast fashion clothing brand Esprit will close its stores at the end of May
Esprit announced that it will close its stores on May 31. In fact, since February, Esprit's Chinese stores and official website have cleared inventory through 10% off sales. In April, Tmall flagship stores also joined the discount camp, and Esprit ushered in the countdown to withdraw from the Chinese market. (21st Century Business Herald)
Cross-border e-commerce
10. Tmall International’s full-link traceability system is upgraded again, and it plans to cover 25,000 overseas brands
Tmall International has released the first public service platform for quality and safety of cross-border imported goods in the country, providing full-link traceability and after-sales service for imported goods. At the same time, the public service platform also launched the "monthly promotion" imported product recommendation section. Consumers can scan the traceability code on the product to query the source code, transportation method, customs in the area, departure port and other information of imported products.
According to Wang Haoyang, deputy general manager of Tmall International, Tmall International's full-link traceability code currently covers over 600 million imported goods. At present, blockchain traceability technology services have covered Tmall International's milk powder, health food, dietary nutrition supplement food, beauty mask, beauty essence and other products closely related to consumer health. In the future, it plans to cover 25,000 overseas brands in 5,100 categories from 92 countries and regions around the world. (Yibang Power Network)
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