May 28 E-commerce Morning News

　　#Laogao E-commerce Newsletter# [May 28 E-commerce Morning News Brief] Gree: Dong Mingzhu will join 30,000 offline stores across the country to participate in the live broadcast; iFLYTEK: In the future, offline store revenue will account for 70%; Tencent: Priced US$6 billion according to the global medium-term notes plan; WeTool announced permanent closure; 25 wealthy people including Zuckerberg, Bezos, Huang Zheng increased their net worth another US$255 billion in two months...

　　E-commerce newsletter

　　1. Apple bought the streaming copyright of "The Adventures of the Ruins "

　　Titanium Media reported on May 28 that according to foreign media The Verge, Apple bought the streaming rights for all classic series of the show before the restart version of "The Adventures of the Murghana" was launched on Apple TV+. Previously, Apple TV+ services relied entirely on original content. Currently Apple has not mentioned copyright transactions, but all 96 episodes aired between 1983 and 1987 can be played through its streaming platform. (Sina Technology)

　　2. Gree: Dong Mingzhu will join 30,000 offline stores across the country to participate in the live broadcast

　　On May 28, Gree Electric Appliances issued an announcement stating that Gree will hold a live broadcast event "Gree Healthy New Life" on June 1. At that time, Gree Electric Appliances Chairman Dong Mingzhu will join 30,000 offline stores to link 6 major online platforms to launch online services at the same time. (Titanium Media)

　　3. iFLYTEK: In the future, offline store revenue will account for 70%

　　On May 28, iFLYTEK executive president Hu Yu said that the bigger the brand in the future, the more important the offline one is. This year, iFlytek will have 3,000 offline stores, and 20 authorized cooperative stores will be opened on Tmall. Li Chuangang, vice president of iFLYTEK and vice president of the Consumer Business Group, revealed that in 2019, iFLYTEK's online and offline revenue accounted for roughly half of each, and the offline proportion is gradually increasing. The ideal proportion in the future is at least 7:3, and offline will account for 70%. (Sina Technology)

　　4. Huawei releases the first 5G tablet in China, equipped with super thick 3D graphene heat dissipation technology

　　On May 27, Huawei released the Huawei MatePad Pro 5G, the first 5G tablet in China, equipped with the Kirin 990 5G SoC flagship chip and 7nm+EUV process technology. In addition, the product is equipped with ultra-thick 3D graphene heat dissipation technology, with a total thickness of 400μm, supplemented by AI thermal management and intelligent perception to adjust the body temperature. (Securities Times)

　　5. Tencent: Price $6 billion in accordance with the global medium-term notes plan

　　Tencent Hong Kong Stock Exchange announced that on May 27, 2020 (New York time), the company has entered into a subscription agreement with the agency for issuing notes with a total principal amount of US$6 billion under the plan. After deducting underwriting fees, discounts and commissions, the net proceeds from issuing the notes will be approximately US$5.97 billion. The net proceeds will be used for refinancing and general corporate purposes. The notes are expected to be issued on June 3, 2020. (36Kr)

　　Internet Information

　　6. WeTool announces permanent closure

　　Since the evening of May 25, a large number of WeChat accounts were blocked, and the third-party WeChat fans and community management tool WeTool was banned by WeChat, wetool issued a new announcement through its official website: "WeTool will permanently stop its downloads and access to new users from today." It also stated that "the official announcement of Enterprise WeChat will launch migration tools in the near future and enhance the commonly used group management functions. We can help enterprises in need to gradually migrate fans and community management to Enterprise WeChat." (E-commerce News)

　　7. Huawei: Expresses disappointment in Canadian court ruling

　　The British Columbia High Court in Canada determined that Huawei's vice chairman and chief financial officer Meng Wanzhou met the "double crime" standards, so her extradition case will continue to be heard. In response, Huawei issued the following statement: We are disappointed with the British Columbia High Court's ruling. We have always believed that Ms. Meng is innocent and we will continue to support Ms. Meng's pursuit of fair judgments and freedom. We hope that Canada's judicial system can ultimately restore Ms. Meng's innocence. Ms. Meng’s lawyer team will work tirelessly to ensure justice is delivered. (CCTV)

　　8. General Motors receives 10 million mask orders

　　Recently, General Motors officially announced that starting this Thursday, the Oshawa plant in Ontario will produce 10 million masks in the next year. The masks will be sold to the Canadian Public Health Agency at a cost price. At the end of April, General Motors' Canadian branch said it would switch idle factories to produce masks to support medical staff in fighting the epidemic. (Auto House)

　　9. Zuckerberg, Bezos, Huang Zheng and other 25 billionaires have increased their net worth by another $255 billion in two months

　　According to Forbes WeChat official account, compared with the bottom of the US stock market due to the impact of the new crown pneumonia epidemic on March 23, the wealth of the top 25 on Forbes' global billionaires list has now risen by a total of US$255 billion. Among them, Zuckerberg is now worth US$86.5 billion, jumping from the seventh place on Forbes' 2020 Global Billionaire List released in early April to the fourth place in the world. Jeff Bezos is the second person to increase his total wealth, an increase of $30 billion from March 23. Huang Zheng's net worth increased by US$17.9 billion, making him the richest man with the largest increase in wealth. (36Kr)

　　Cross-border e-commerce

　　10. Amazon holds shareholder meeting: Bezos refutes warehouse safety concerns

　　According to foreign media reports, Amazon held its 2020 annual shareholders' meeting on Wednesday local time in the United States. At the online meeting, Amazon CEO Jeff Bezos defended the company's response to the novel coronavirus outbreak, saying Amazon quickly realized the need to protect workers during the epidemic and was building its own testing lab to help slow the spread of the new coronavirus. Bezos also refuted claims that Amazon fired employees, saying they publicly opposed its labor practices and said Amazon "welcome" to continue scrutiny of the company. (Tencent Technology)

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