E-commerce Evening News Briefing on May 25

　　#Laogao E-commerce News# [E-commerce Evening News on May 25] Tmall 618 was launched today, with the first hour pre-sale transaction volume increasing by 515% year-on-year; JD.com: 618 will launch activities such as super 10 billion subsidies, with the largest discounts in history; Pinduoduo founder Huang Zheng’s net worth of US$35.6 billion nearly doubled in the past two months; B station affiliated companies established a cultural communication company with a registered capital of RMB 10 million; ByteDance expands its Southeast Asian business and is recruiting about 80 positions in Singapore...

　　E-commerce newsletter

　　1. Tmall 618 started today, with the first hour pre-sale transaction volume increasing by 515% year-on-year

　　36Kr learned that Tmall introduced that this year, Tmall 618 will start pre-sale of goods from 0:00 on May 25, and the pre-sale transaction volume in the first hour increased by 515% year-on-year. During the 618 period (June 1-June 20), Tmall will jointly issue large-scale cash consumption coupons and subsidies with governments and brands in many places, with an estimated amount exceeding 10 billion. (36Kr)

　　2. Tmall Supermarket: From June 1, public welfare express boxes will be launched nationwide.

　　On May 25, Tmall Supermarket announced that it will upgrade the "Box News" charity anti-trafficking project from June 1 this year: through the form of publication in express boxes, the information of 17 missing children will be covered nationwide, helping the public security department to collect clues of missing children. Mona, the project leader of Tmall Supermarket's "Box News", said that through the joint anti-trafficking office of the Ministry of Public Security, in 2019, Tmall Supermarket placed 1 million express boxes containing information of 8 missing children in Guangdong and Fujian where the missing children were suspected to be located. This year, we will further upgrade the magnitude of investment and cooperation form, so that the coverage of "Box News" will be expanded to the whole country. (E-commerce News)

　　3. JD.com: 618 will launch activities such as super 10 billion subsidies, with the greatest discounts in history

　　36Kr learned that Han Rui, vice president of JD Group and head of JD Retail Group Platform Business Center, said at the 618 press conference that this year's JD 618 will launch a super 10 billion subsidy, 100 billion discounts and 10 billion consumption coupons. This will be the largest discount in history, the best shopping experience, the most new products released, and the strongest brand growth. (36Kr)

　　4. Suning releases "J-10%" money-saving plan

　　36Kr learned that during the release of Suning.com 618 Cloud, Gu Wei, vice president of Suning.com Group, said: Suning will launch the "J-10%" money-saving plan, the "million" hot product plan, and the "1V1" service plan. The products of home appliances, mobile phones, computers, and supermarkets participating in the subsidy activities are at least 10% lower than the price of JD’s 10 billion subsidy products. (36Kr)

　　5. Huang Zheng, founder of Pinduoduo, has nearly doubled its value in US$35.6 billion in the past two months

　　According to Forbes data, as of May 22, the value of the top 25 richest people on Forbes' global rich list increased by US$255 billion compared with the US stock market hitting a low during the epidemic on March 23. Among them, Pinduoduo founder Huang Zheng has the largest increase, with his net worth nearly doubled in the past two months. Huang Zheng is currently worth $35.6 billion, ranking 22nd on the Forbes Rich List, compared with $17.9 billion two months ago. In addition, the world's richest man and Amazon founder Bezos's net worth was US$146.9 billion as of last Friday, an increase of US$29.9 billion from two months ago; Jack Ma's net worth was US$41.3 billion, an increase of US$3 billion from two months ago. (Sina Finance)

　　Internet Information

　　6. Ensor Tower: Among the top 10 popular mobile applications in the world, TikTok and TikTok ranked first

　　36Kr learned that according to statistics from the mobile application data platform Sensor Tower, TikTok and overseas versions of TikTok in April 2020 attracted more than US$78 million in the global App Store and Google Play, a 10-fold increase from April last year, ranking first in the global mobile application revenue list. Among them, about 86.6% of the revenue comes from the Chinese market; the US market ranks second, contributing 8.2% of the revenue. The other two Chinese applications on the list are Tencent Video and iQiyi, ranking 5th and 7th respectively. (36Kr)

　　7. A affiliated company of B station established a cultural communication company with a registered capital of RMB 10 million

　　36Kr learned that Tianyan Check data showed that on May 20, Shanghai Lingyang Culture Communication Co., Ltd. was established. The company's registered capital is 10 million yuan. The legal representative is Zheng Binwei. The company's business scope includes animation design, cultural and artistic exchange activity planning, marketing planning, etc. Among the shareholders disclosed by the company's industrial and commercial enterprises, the major shareholder is Shanghai Huandian Information Technology Co., Ltd., an affiliated company of B station, with a 99% stake. The second shareholder is Shanghai Bilibili Animation Co., Ltd., with a 1% stake. The latter is also a wholly-owned subsidiary of Shanghai Huandian Information Technology Co., Ltd. (36Kr)

　　8. NetEase responds to the second listing on June 11: No comments are given

　　According to insiders, NetEase plans to go public in Hong Kong on June 11, with the target of fundraising for this listing up to US$2 billion. In response, a relevant person from NetEase said he would not comment. (Zhitong Finance)

　　9. Tianyan Check: 87,000 new township e-commerce companies have been added this year, an increase of 13.6% year-on-year

　　According to May 25, as of May 22, based on industrial and commercial registration, my country has added more than 87,000 new township e-commerce companies this year, an increase of 13.6% year-on-year. (Titanium Media)

　　Cross-border e-commerce

　　10. ByteDance expands its Southeast Asian business and is recruiting about 80 positions in Singapore

　　According to foreign media reports, Helena Lersch, director of global public policy at ByteDance (Middle East and North Africa, Asia Pacific), said in an interview that ByteDance is also continuing to expand its Southeast Asian business. Currently, ByteDance is recruiting about 80 positions in Singapore. (Titanium Media)

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