#Laogao E-commerce Newsletter# [May 14 E-commerce Evening News Brief] Ministry of Commerce: The total sales of the second "Double Product Online Shopping Festival" reached 182.5 billion yuan; Zhang Kaif, head of Taobao industry: 40,000 people pour into Taobao to start a business every day; Robin Li will start his first live broadcast show at 8 o'clock tomorrow night; Tencent rose against the trend, and its market value once surpassed Alibaba; responding to Alibaba's Chunlei plan, Tmall Automobile opened a "light store" free entry channel...
E-commerce newsletter
1. Ministry of Commerce: The total sales of the second "Double Product Online Shopping Festival" reached 182.5 billion yuan
According to the news on May 14, Gao Feng, spokesperson of the Ministry of Commerce, introduced that during the second "Double Product Online Shopping Festival" promotion event held from April 28 to May 10, there were 115 participating e-commerce companies, more than 100,000 brands, and more than one million online stores, with a total sales of 182.51 billion yuan, an increase of more than 1.37 times from the first event, driving the national online retail sales of more than 430 billion yuan in the same period, a year-on-year increase of 20.8%, of which the online retail sales of physical goods exceeded 380 billion yuan, a year-on-year increase of 33.3%. The positive review rate of participating products in the event reached more than 98%, which effectively promoted consumption recovery and potential release. (E-commerce News)
2. Zhang Kaif, head of Taobao industry: 40,000 people flock to Taobao to start their business every day
On May 14, Zhang Kaif (nickname: Kaif), the head of Taobao industry, recently revealed that 40,000 people are now pouring into Taobao to start a business every day. Taobao data shows that in the past year, Taobao has earned over one million new merchants last year. During the epidemic, the number of offline merchants pouring into Taobao increased by 200% year-on-year; in the past three months, the number of foreign trade companies that have started businesses and converted to domestic sales has increased by 160%. It is reported that Taobao has also recently announced the plan to fully upgrade Taobao's core merchants in 2020: it will provide special support for content-based specialty merchants, sales experts, industrial merchants, brand and channel merchants, and physical stores (under planning). (Financial Network)
3. Li Yanhong will start his first live broadcast show at 8 o'clock tomorrow night
5月14日消息，百度今日宣布，明晚8点，百度创始人、董事长兼CEO李彦宏将在百度App进行首次直播，与樊登读书创始人樊登对谈“家·书”。在日前举行的2020百度移动生态大会中，百度执行副总裁沈抖表示，2020年百度将更积极地推进直播业务。（电商报）
4. Tencent rose against the trend, and its market value once surpassed Alibaba.
Due to the performance in the first quarter exceeding expectations, Tencent's stock price rose against the trend today, with an intraday increase of 4.05% to HK$447. The stock price hit a new high since March 2018, and its market value once reached HK$427.01 billion, surpassing Alibaba. (Cailianshe)
5. Respond to Alibaba Chunlei’s plan, Tmall Auto will open a “light store” free entry channel
On May 14, Tmall Auto recently responded to Alibaba's Chunlei plan and opened a free entry channel for "light stores" for car 4S stores and car washing and maintenance stores, allowing offline individual merchants to do business through Tmall and join the new digital track. It is understood that Tmall Auto’s “package” assistance policies include that merchants will open light stores on Tmall, and will simultaneously obtain display portals on Taobao, Alipay, and Gaode; they will organize live broadcast institutions to sell goods, provide free e-commerce training courses; and create a Double 11-level offline store exclusive shopping festival, etc. (E-commerce News)
Internet Information
6. WeChat: In 2019, 26.01 million job opportunities were directly driven, an increase of 16% year-on-year
According to May 14, Tencent WeChat and the China Academy of Information and Communications Technology jointly released the "2019-2020 WeChat Employment Influence Report". The report shows that in 2019, WeChat drove 29.63 million job opportunities, of which 26.01 million directly drove employment opportunities, an increase of 16% year-on-year, and an average annual growth of 22% since 2014. Among them, mini programs have become the core engine for WeChat to drive employment. In 2019, the number of daily active accounts of mini programs exceeded 400 million, directly driving 5.36 million employment opportunities, an increase of 195% compared with 2018. (E-commerce News)
7. Hupu responded to "IPO as soon as possible at the end of this year": the news is untrue
36Kr learned that some media reported that Hupu is seeking to raise US$100 million in a new round of financing before the IPO, and Hupu's valuation is about US$700 million after the new round of financing. At the same time, Hupu is considering an IPO at the end of this year as soon as possible, and tends to be listed in the United States. In response, Hupu official reply: This news is untrue. (36Kr)
8. Luckin Coffee is still opening stores quickly: on average, 10 stores open daily in the second quarter
After revealing the financial fraud incident, Luckin Coffee is still opening a store in China quickly. Data shows that as of May 12, Luckin Coffee opened an average of 10 stores in China every day in the second quarter, with the total number of stores reaching 6,912. Luckin Coffee's store opening speed in the second quarter of this year slowed down compared with the first quarter, but faster than the same period last year. (Bloomberg)
9. Jingxiaokura, a subsidiary of JD Logistics, cooperates with Beijing Chaoyang Court to manage seizure items
On May 14, it is reported that Jingxiaocang, a mini warehouse service under JD Logistics, has reached a cooperation with the Chaoyang District People's Court of Beijing to provide professional and standardized management for seizures. The person in charge of Jingxiaocang's project said that Jingxiaocang has gathered more than 600 high-standard warehouse resources across the country, relying on a professional service team to provide users with 7*24-hour full-process supervision, which can provide courts with full-process security services for withdrawal, deposit and delivery. In the future, Kyokokura will continue to expand its service scope with courts at all levels through cooperation with judicial auxiliary business institutions. (E-commerce News)
Cross-border e-commerce
10. Amazon launches coronavirus supplies store in India
According to Blue Ocean iResearch, recently, Amazon launched a coronavirus supply store in India, which is a major supply agency buyer. It is reported that the goods sold in the store include medical masks, N95 mask disinfectant, infrared thermometer, etc. It is mainly to help buyers of nursing homes, government agencies, hospitals and other institutions. Other sellers can use GST invoices to purchase related materials in batches. (E-commerce News)
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