June 1 E-commerce Morning News

　　#Laogao E-commerce Newsletter# [June 1 E-commerce Morning News] Tmall 618 Battle Report: Taobao Live's transaction exceeded 2 billion in 1.5 hours; Kuaishou released the short video application Zynn in the United States, which became the largest iOS app download in one month; Chongqing Xiaomi Consumer Finance opened Xiaomi co-founder Hong Feng took charge; Google canceled more than 2,000 job offers from contractors and temporary workers; Amazon invested in Beacon, a British digital freight forwarding startup...

　　E-commerce newsletter

　　1. Tmall 618 battle report: Taobao live broadcast transactions exceeded 2 billion in 1.5 hours

　　According to June 1st, at 0:00 on June 1st, the 2020 Tmall 618 started strongly. Just after 1 hour and 29 minutes of the opening, the transaction volume of the "babies" who stayed up late to watch Taobao live broadcasts reached 2 billion yuan! Far exceeding the same period in 2019. During Tmall 618 this year, more than 300 stars and four major satellite TV stations entered the market, setting off the largest wave of celebrity broadcasts in history - the entire entertainment industry is queuing up to live broadcast on Taobao. 600 presidents will also take part in Taobao live streaming to sell goods. On June 1, Dong Mingzhu, chairman and president of Gree Electric Appliances, will lead more than 30,000 stores to participate in Taobao live broadcasts, bringing real low prices across the entire network to real consumers. (E-commerce News)

　　2. JD Finance App: This year, 618 sets up to 24 installments and interest-free venues

　　According to JD Finance, this year, JD Finance App set up a full-time interest-free venue with up to 24 installments, covering multiple fields such as digital, lifestyle, small appliances, mother and baby, alcohol, etc., including Huawei MATE 30 5G mobile phones, Dell I7 ultrabook, Estee Lauder suit, Dyson hair dryer, etc., which can save consumers an average of more than 300 yuan. (36Kr)

　　3. Kuaishou released the short video application Zynn in the United States, which became the largest iOS application download in one month

　　According to data provided by Sensor Tower, the app became the most downloaded iOS app in the United States in one month after Zynn was released. In early May, Kuaishou released the app Zynn in the United States, allowing users to upload, edit and share short videos. Unlike conventional practices, Zynn pays users to watch content and recruit other users, attracting a large number of users as the coronavirus pandemic has caused lockdowns and rising unemployment. (Tencent News)

　　4. Chongqing Xiaomi Consumer Finance Opens Xiaomi Co-founder Hong Feng Guaishuai

　　According to June 1st, on May 29th, the official website of Chongqing Banking and Insurance Regulatory Bureau issued a reply on the opening of Xiaomi Consumer Finance. On May 30, Chongqing Xiaomi Consumer Finance Co., Ltd. (hereinafter referred to as "Xiaomi Consumer Finance") announced its official listing and opening. Xiaomi Consumer Finance is the second licensed consumer finance company approved to open this year after Ping An Consumer Finance. So far, 26 consumer finance companies in China have officially opened, and many consumer finance companies are waiting for approval. Internet companies and financial institutions pay more and more attention to consumer finance licenses. (E-commerce News)

　　5. Zong Qinghou's first live broadcast show: a total of 3 million yuan worth of new products

　　According to May 30, at 8 pm on May 29, Zong Qinghou started his first live broadcast in his Douyin platform live broadcast room. Unlike Dong Mingzhu and Liang Jianzhang's live streaming sales, Zong Qinghou's first live streaming benefit was to give the audience a gift worth 3 million yuan. According to reports, Zong Qinghou gave away a total of about 3 million yuan in new products from Wahahakang Youli Da Health e-commerce platform during this live broadcast. (E-commerce News)

　　Internet Information

　　6. Most Apple stores in the United States are closed, and Amazon closes some delivery stations

　　Apple reportedly issued a statement saying: "Because of the health and safety of our team, it has decided to close most of the U.S. stores on Sunday." Since the United States gradually restarted its economy, Apple has reopened about 100 of its 279 stores across the United States. At the same time, Amazon also said it has reduced delivery volume due to the riots and closed distribution centers in cities such as Chicago and Los Angeles. Retail chain Target has also closed 32 stores near its Minneapolis headquarters, which the company said it has temporarily closed dozens of stores across the country. (First Financial Daily)

　　7. Google cancels more than 2,000 job offers for contractors and temporary workers

　　According to CNBC, Google canceled job offers to more than 2,000 contractors or temporary employees, and these offers have been approved by recruiters. Last month, CEO Sandel Pichai admitted to employees that recruitment and investment will slow as the coronavirus pandemic brings uncertainty to businesses across industries. (PingWest)

　　8. Zoom will strengthen encryption services for paid accounts calls

　　According to Reuters, senior Zoom officials said on Friday that the company plans to strengthen encryption of video calls hosted by paying customers and schools, but users of free consumer accounts have not enjoyed the enhanced service. (PingWest)

　　9. China Auto Rental: BAIC Group will acquire no more than 21.26% of the shares from China Youche

　　China Auto Rental announced on the Hong Kong Stock Exchange that China Auto Rental has entered into a non-legal binding strategic cooperation agreement with Beijing Automobile Group Co., Ltd. According to the strategic cooperation agreement, BAIC Group will acquire no more than 450 million shares from Shenzhou Youche, which is equivalent to approximately 21.26% of the total issued share capital of the Company as of the date of this announcement. The details and terms of cooperation between China Youche and BAIC Group are still under negotiation. (36Kr)

　　Cross-border e-commerce

　　10. Amazon invests in Beacon, a UK digital freight forwarding startup

　　According to foreign media reports, Amazon CEO Jeff Bezos chose to invest in Beacon, a newly established digital freight forwarding company in the UK. Beacon announced on Sunday that it has raised a total of $15 million in Series A financing from Bezos and venture capital firm 8VC. Beacon is also a supply chain finance company that provides real-time data on goods delivery and a market view of global shipping costs and prices. Amazon did not immediately comment on this. (Sina Technology)

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