#Laogao E-commerce Newsletter# [E-commerce Evening News on June 1] Tmall: One minute after 618 was officially launched, Tmall Elf Smart Home transaction volume reached 100 million; nearly 200 stores of Korean beauty retailer Indian Fengyin launched Ele.me; Apple plans to restart its Tokyo flagship store on June 3; Gree Electric Huang Hui: In the future, almost all Gree air conditioners will use their own chips; AliExpress released the "Foreign anti-epidemic list": toilet paper sales increased by 220 times in April...

E-commerce newsletter
1. Ministry of Finance: Vigorously develop rural e-commerce, central government funds focus on supporting the three-level logistics distribution system of counties, townships and villages, etc.
The Ministry of Finance issued a notice on doing a good job in the comprehensive demonstration work of e-commerce in rural areas in 2020. The "Notice" proposes that we must vigorously develop rural e-commerce, promote the formation of an agricultural product circulation system and a modern rural market system with smooth entry into the city and industrial products into the countryside, and integrate online and offline, and cultivate a group of demonstration counties with their own characteristics and experiences that can be replicated and promoted.
The central government funds implement the "encourage development + negative list" management model, focusing on supporting the following directions: county, township and village three-level logistics distribution system, rural e-commerce public service system, rural modern circulation service system, and rural e-commerce training system. (First Financial Daily)
2. Tmall: 618 is officially launched for one minute, and the transaction volume of Tmall Elf Smart Home has reached 100 million yuan.
36Kr learned that according to Tmall, on June 1, Tmall 618 was officially launched for one minute, and the transaction volume of Tmall Elf Smart Home reached 100 million. Tmall data shows that as of the morning of June 1, the sales of Ecovacs jointly customized new sweeping robot exceeded 15 million; sales of Midea intelligent water purifier exceeded 6 million; sales of Beiqing intelligent massager increased by more than 600% year-on-year; sales of Foshan lighting smart lamps increased by 608.64% year-on-year. (36Kr)
3. JD.com 618's 14-hour sales increase by 74% year-on-year
According to the news on June 1st, the latest data from JD.com 618 showed that as of 14:00 pm today, JD.com 618's transaction volume increased by 74% year-on-year. As of 14:50 pm today, including JD.com’s platform orders and open business orders, JD.com’s outbound logistics volume has exceeded the entire day last year. It is reported that at 0:9:36 on June 1, JD Express completed the first delivery of JD 618 this year. (E-commerce News)
4. Nearly 200 stores of Korean beauty retailer Indonesia Fengyin have been launched in Ele.me
On June 1st, after Marriott, Decathlon, Xinhua Bookstore, ROSEONLY and other companies launched Ele.me, on the eve of Tmall 618, Korean beauty retailer innisfree Indie Fengyin officially launched Ele.me, with nearly 300 SKUs. According to reports, there are nearly 200 Intis Fengyin stores that have opened Ele.me takeaway service, including Shanghai, Beijing, Guangzhou, Hangzhou, Shenzhen and other cities. All subsequent stores will be launched in full. (E-commerce News)
5. Koala Ocean Shopping first recommends the global "three free shipping", big brands with tax, and installment interest-free "three free shipping"
According to June 1, Koala Haigou opened the "Three Free Big Brands" venue from June 1 to June 3, namely, global mail-free, big brands with tax, and interest-free installments. The "three-free" products mainly cover popular products in beauty, food, global factory stores, light luxury, maternal and infant, personal care and other categories. Based on the "three exemptions" activity, Koala Black Card members can enjoy another 16% off. It is understood that this is the first time that Koala Ocean Shopping has exempted three products from global products. (E-commerce News)
Internet Information
6. Xiaopeng Motors secretly submits IPO documents, planning to raise US$500 million
On June 1, according to 36Kr, Xiaopeng Motors has secretly submitted IPO documents to the US stock market, planning to raise 500 million US dollars. The overall listing plan is expected to be employed by investment banks such as JPMorgan Chase and Goldman Sachs from July to September this year, among which JPMorgan Chase is the main underwriter. Gu Hongdi, vice chairman and president of Xiaopeng Motors, has served as chairman of JPMorgan Chase's Asia-Pacific investment bank.
Regarding the above information, Xiaopeng Motors responded to 36Kr, saying, "We will not comment on market rumors. Xiaopeng Motors will closely monitor the development trends of the capital market to seize financing opportunities that are conducive to the development of enterprises." (Yiou)
7. Apple plans to restart Tokyo flagship store on June 3
Apple announced on Monday that it plans to reopen its largest retail store in Japan at noon local time on Wednesday (June 3). After being forced to close due to the epidemic, Apple's stores in Omotesando, Ginza and Shibuya will resume operations, and the company's largest flagship store in Japan will also reopen. All 10 retail stores in Apple in Japan are expected to reopen by Wednesday. (Sina Finance)
8. TikTok Sunflower Program Upgrade: Inviting 100 Experts and Celebrities to Create Youth Protection Courses
36Kr learned that Douyin announced that it would upgrade its "Sunflower Plan", which focuses on the healthy growth of teenagers: it will invite 100 experts and celebrities to create youth protection courses, produce youth safe growth animations, set up the "Children Protection Expert Group" of the Sunflower Plan, and launch the youth guardian function. (36Kr)
9. Huang Hui of Gree Electric Appliances: In the future, almost all Gree air conditioners will use their own chips
On June 1, Huang Hui of Gree Electric Appliances said at the 2019 Annual Shareholders' Meeting that we have been in chip research and development for many years. Since 2018, our chips have been put into actual use. In addition to indoor units, we have invested in outdoor units and remote controls. In the future, almost all chips used by Gree air conditioners will use their own products. (Titanium Media)
Cross-border e-commerce
10. AliExpress releases "Foreign Anti-epidemic List": Toilet paper sales increased by 220 times in April
According to June 1st, recently, AliExpress released the "Foreign Anti-epidemic List". Platform data showed that the platform's toilet paper sales increased by 220 times in April this year; from March to April, the platform's fashion mask sales soared by nearly 200 times year-on-year. Due to the shortage of masks, French consumers have used dance masks instead of masks. In April this year, French dance mask sales increased by as much as 335%. In addition, the platform's pet economic data rose sharply. In April, sales of dog leashes and collars increased by nearly 50% month-on-month, and sales of dog leashes increased by nearly 10,000. (E-commerce News)
Click to register < a> Apply to join the well-known domestic e-commerce network - Laogao E-commerce Club. All businesses, Tmall merchants, Taobao Crown Stores, Jinguan Stores, and other e-commerce platform merchants can apply to join! < a>
,