#Laogao E-commerce Newsletter# [E-commerce Morning News on May 19] Alibaba and Aishide Co., Ltd. jointly established a new company with a registered capital of RMB 100 million; French luxury brand Chloé will enter Tmall to start e-commerce live broadcast for the first time; Hong Kong media: JD.com will seek to pass the listing hearing next week; Meituan Power Bank: independently operated with Meituan catering business and has no connection with restaurant ranking; Uber: lay off 3,000 more employees and close 45 offices...

E-commerce newsletter
1. Alibaba and Aishide Co., Ltd. and other joint ventures to establish a new company with a registered capital of RMB 100 million
36Kr learned that Tianyan Check data showed that on May 18, Shenzhen Aibaba Network Technology Co., Ltd. was established with a registered capital of 100 million yuan. The legal representative is He Chunlei. Currently, among its registered shareholders in industrial and commercial industries, Alibaba (China) Network Technology Co., Ltd. holds 51% of the shares, making it the largest shareholder; Shenzhen Aishide Co., Ltd. is the second largest shareholder, holding 39% of the shares; Guangdong Xinlian Investment Consulting Partnership (Limited Partnership) is the third largest shareholder, holding 10% of the shares. (36Kr)
2. French luxury brand Chloé will start e-commerce live broadcast for the first time
According to the Beijing News on May 18, today, Chloé, a French luxury brand under Richemont Group, officially settled in Tmall and opened an official flagship store. On the evening of the 19th, Chloé will hold its first official e-commerce live broadcast. It is understood that Chloé was founded in 1952 and is currently the core brand of Richemont Group's fashion leather goods category. The brand's Tmall flagship store has launched ready-to-wear, bags, shoes, accessories, perfume and other products. (E-commerce News)
3. Suning Zhang Jindong suggested developing a C2M base and building a green channel for helping farmers
36Kr learned that the National People's Congress and the Chinese People's Congress were about to be held. Zhang Jindong, a member of the National People's Congress and chairman of Suning Holding Group, proposed in a proposal entitled "Vigiously develop C2M production bases to help farmers and promote rural revitalization" that resources should be further coordinated, and the government, e-commerce, farmers and colleges and universities should work together to promote young people returning home to become the main body of wealth creation, and drive the formation of rural production bases with the goal of common prosperity, administrative villages as specific units, C2M model as its characteristics, and online and offline integration as its main sales means. (36Kr)
4. Hong Kong media: JD.com will seek to pass the listing hearing next week
On May 19, Hong Kong News reported that JD.com will seek to pass the listing hearing next week. If successful, the stock issuance will be launched as early as early June, and it is expected to be listed on June 18, raising approximately US$3 billion (about HK$23.4 billion). And JD.com will not introduce cornerstone investors this time. (Sina Technology)
5. Alipay: The number of new stores per week in April increased by nearly 80% compared with the beginning of February
According to the report of Webmaster Home, Alipay data shows that with the comprehensive promotion of resumption of work and production and the issuance of consumption coupons, since April, compared with the lowest point in the epidemic, the weekly low of February 1, the number of new self-employed stores increased by 79%, and the number of transactions in new stores increased by 345% per week increased by 305%. (E-commerce News)
Internet Information
6. Bilibili's revenue in the first quarter was 2.316 billion yuan, a year-on-year increase of 69%.
36Kr learned that Bilibili released its unaudited financial report for the first quarter ended March 31, 2020. According to the financial report, in the first quarter of 2020, Bilibili's total revenue reached 2.316 billion yuan, a year-on-year increase of 69%, and its adjusted net loss was 475 million yuan, compared with 145 million yuan in the same period last year. (36Kr)
7. Enterprise WeChat: 5 months after the release of version 3.0, the user growth will be 4 times to 250 million.
Data released by Enterprise WeChat shows that millions of enterprises have provided services to customers in WeChat through Enterprise WeChat. On December 23 last year, Enterprise WeChat released version 3.0. In the five months that time, the WeChat users of Enterprise WeChat have increased 4 times from 60 million to 250 million. During the epidemic, Ping An Bank, China Insurance, Tianhong, Watsons, vivo, Xibei and other companies have maintained contact with customers through the interoperability between corporate WeChat and WeChat. (Europe)
8. Meituan Power Bank: It operates independently with Meituan catering business and has no connection with restaurant rankings.
According to the May 18th news, the Meituan Power Bank team stated that restaurant rankings have nothing to do with the use of power banks, and the main factors affecting merchant rankings include order sales, user reviews, service distance, etc. In addition, the power bank covers public travel and service places such as shopping malls, airports, railway stations, and newspaper booths, while restaurants are just one of the scenes. In the internal organizational structure, Meituan Power Bank belongs to the LBS platform and is both independent departments as well as in-store catering and takeaway delivery. (E-commerce News)
9. Uber: lay off 3,000 more employees and close 45 offices
Uber CEO Kosrosasi announced in an internal email on Monday that it would continue to lay off 3,000 employees and close 45 offices around the world. Two weeks ago, Uber just laid off 3,700 employees to cut $1 billion in fixed spending. Uber has laid off more than a quarter of its employees in a month, with 20,000 employees remaining worldwide. (Sina Technology)
Cross-border e-commerce
10. The account number of sellers whose eBay overseas warehouse service standards does not meet the standards may be restricted or frozen
It is reported that eBay has repeatedly required sellers to meet overseas warehouse service standards, and issued a "Notice on Strengthening eBay's Overseas Warehouse Service Standards" on April 28.
From now on, the platform will restrict overseas warehouse publication on accounts that do not meet this standard, including the inability to add any new overseas warehouse publication for related accounts. The existing overseas warehouse publications cannot be modified for the time being without changing the location of the item. If the item is located in Greater China or the item is located in the overseas warehouse to Greater China, it will not be affected by this restriction. (Hugo.com)
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