May 21 E-commerce Morning News

　　#Laogao E-commerce Newsletter# [E-commerce Morning News on May 21] Aishide: The company and Alibaba set up a joint venture Shenzhen Aishabad Network Technology Co., Ltd.; take some time CEO: 100% refund, thank you Lao Luo for sounding the alarm; Luckin Coffee lays off 50% of its employees in Xiamen, mostly for R&D personnel; Wal-Mart: 100 Sam membership stores were set up in China by 2028; Sephora, a beauty retailer under LVMH Group, officially settles in Tmall International...

　　E-commerce newsletter

　　1. AiShide: The company and Alibaba set up a joint venture Shenzhen AiBa Network Technology Co., Ltd.

　　36Kr learned that Shenzhen Aishide Co., Ltd. held the eighth (expiration) meeting of the fifth board of directors and the eighth (expiration) meeting of the fifth board of supervisors on April 25, 2020, and reviewed and passed the proposal to introduce Alibaba (China) Network Technology Co., Ltd. as a strategic investor, sign strategic cooperation agreements, jointly invest in the establishment of a joint venture, and issued an announcement.

　　According to the announcement, the joint venture has completed industrial and commercial registration, its name is determined to be Shenzhen Aibaba Network Technology Co., Ltd., and has obtained a business license issued by the Shenzhen Market Supervision Administration. Aibaba will expand the online market of the new 3C digital product category. (36Kr)

　　2. Taizhou City and Pinduoduo jointly launched the "Taizhou Manufacturing Excellent Products Shopping" online industry live broadcast festival

　　On May 20, the Taizhou Municipal People's Government signed a strategic framework agreement with Pinduoduo to jointly launch the "Taizhou Manufacturing Excellent Products Purchase" online industry live broadcast festival and launch the "Taizhou Manufacturing Excellent Products" online large-scale exhibition and sale. The two sides will jointly support no less than 10,000 high-quality Taizhou enterprises and brands to enter the "Taizhou Manufacturing Excellent Products Pavilion" to create a normalized online Taizhou "Pin Fair" for nearly 600 million consumers on the platform. (E-commerce News)

　　3. Take some time CEO: 100% refund, thank you Lao Luo for sounding the alarm bell

　　On May 21, in response to the quality problems in purchasing 520 rose gift boxes in Luo Yonghao's live broadcast room, CEO Zhu Yueyi responded on his official Weibo last night that the only thing we can do is to apologize to the user and make a 100% refund. Thank you Lao Luo for the alarm bell for us. Zhu Yueyi said that in addition to spending some time 100% refund and the compensation made by Luo Yonghao's team to users, spending some time will also provide compensation: we hope to provide equal cash compensation to all order users, or equivalent flowers (you can choose freely). (E-commerce News)

　　4、支付宝：新开店数量显著增长，湖北、广西、浙江新增个体户小店数量位居前列

　　Data recently disclosed by Alipay showed that compared with the lowest point of the epidemic in April, the week of February 1, the number of new self-employed stores increased by 79% per week, and the transaction amount of new stores increased by 305% per week. In early February, active self-employed stores decreased by 40.4%, and turnover decreased by 52.4%. From the perspective of regional distribution, the number of new self-employed stores in Hubei, Guangxi, Zhejiang, Guangdong, Henan and other provinces ranks among the top in the country every week. (Xinhua News Agency)

　　5. Luckin Coffee lays off 50% of its employees in Xiamen, most of which are R&D personnel.

　　News of Luckin’s layoffs came out a week ago. Luckin has offices in Beijing, Xiamen and Tianjin, among which Xiamen and Beijing have an equivalent number of employees. There are only a very small number of Luckin employees in Tianjin. Most of Xiamen are Luckin's R&D personnel, with a population of about a thousand. It was learned from people close to Luckin's core management that the layoffs were 50%, involving only Xiamen employees. (Tech Planet)

　　Internet Information

　　6. Apple and Google launch the epidemic tracking app

　　According to foreign media reports, today, Apple and Google released epidemic tracking apps to automatically notify people whether they have been exposed to the coronavirus. The two companies said 23 countries and several U.S. states have planned to use their software to build mobile apps based on voluntary joining. It relies on Bluetooth wireless technology to detect whether application users have tested positive for the new coronavirus. In a joint statement released today, the companies said user adoption is the key to success and strong privacy protection is also the best tool to encourage the use of these applications. (Sina Technology)

　　7. CCTV's "AI TV" function is launched, and 10 major brands are ready to be connected

　　CCTV.com's subsidiary "Future TV" has launched the "AI TV" function in CCTV, a large-screen product for Internet TV. At present, "AI TV" has been launched first on Hisense TV and Konka TV, and its cooperation with terminal manufacturers such as Sony, Philips, Fengxing, Lerong, Nut, Changhong, Xiaomi, TCL, etc. is also advancing. (Zhongguancun Online)

　　8. Walmart: 100 Sam's membership stores are set up in China by 2028

　　According to Bloomberg, Walmart said it will open 100 Sam's membership stores in China by 2028. (interface)

　　9. Xiaomi Group: The proportion of overseas market revenue reaches half of the total revenue for the first time

　　According to the news on May 20, Xiaomi Group's first quarter financial report released showed that Xiaomi Group's revenue in the first quarter was 49.7 billion yuan, an increase of 13.6% year-on-year; adjusted net profit was 2.3 billion yuan, an increase of 10.6% year-on-year. Among them, overseas market revenue reached 24.8 billion yuan in the first quarter, an increase of 47.8% year-on-year, reaching half of the total revenue for the first time. According to Canalys data, Xiaomi's mobile phone shipments in the Western European market increased by 79.3% year-on-year, and won the first place in market share in Spain for the first time. (E-commerce News)

　　Cross-border e-commerce

　　10. Sephora, a beauty retailer under LVMH Group, officially settled in Tmall International

　　On May 20th, Sephora, a beauty retailer under LVMH Group, officially settled in Tmall International and launched the "Sephora Overseas Flagship Store". Tmall International and Sephora also jointly unveiled the first domestic cross-border e-commerce offline brand experience store. According to reports, the experience store includes cross-border brand display area, cloud shelves, virtual makeup test area, etc. Consumers can scan the QR code on the "cloud shelves" through Taobao on their mobile phones to enter the Tmall International Sephora overseas flagship store. (E-commerce News)

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