#Laogao E-commerce News# [E-commerce Evening News on June 2] Pinduoduo and Hunan Satellite TV initiated a live broadcast of helping farmers and poverty alleviation; Gome Retail CFO Fang Wei: Cooperating with Pinduoduo and JD.com is aimed at improving traffic and supply chain efficiency; Beike Real Estate reached a cooperation with Baidu Map app to view real estate information; Global 4G/5G key patent ranking: Huawei ranks first, Ericsson is at the bottom; Lazada: Singapore's online grocery sales have increased four times during the epidemic...
E-commerce newsletter
1. Pinduoduo and Hunan Satellite TV initiated a live broadcast on poverty alleviation through poverty alleviation through agriculture
On June 2, the new e-commerce platform Pinduoduo and Hunan Satellite TV jointly announced that it will jointly initiate and hold poverty alleviation evening parties and a series of live broadcast activities to help farmers. The two sides will join forces with more than 15 domestic first-line stars, artists and hosts, and combine Hunan Satellite TV's brand, traffic, influence advantages and Pinduoduo's agricultural product circulation, data and technology advantages to jointly help poor areas get rid of poverty through the method of "live broadcast to drive consumption poverty alleviation" and accelerate consumption recovery. (Titanium Media)
2. JD.com and Qualcomm have upgraded its strategic cooperation and will focus on 5G
On June 2, JD.com and Qualcomm announced the upgrading of their strategic partnership, and the two parties will cooperate on projects such as popularization of 5G terminals and the implementation of cutting-edge technology applications. It is reported that the strategic cooperation upgrade between JD.com and Qualcomm mainly revolves around 5G, and the cooperation covers categories such as smartphones, connected terminals, XR, mobile PCs and wearable devices, promoting the diversification of 5G terminal products. (36Kr)
3. Gome Retail CFO Fang Wei: Cooperating with Pinduoduo and JD.com aims to improve traffic and supply chain efficiency
On June 1, at a media communication meeting held by Gome, Gome Retail CFO Fang Wei said that Gome cooperated with Pinduoduo and JD to improve the efficiency of the traffic and supply chain.
Specifically, it cooperates with Pinduoduo on the traffic end and customization end, and Gome’s customized products integrates the supply chain with Pinduoduo; it cooperates with JD.com on mid-to-high-end products and logistics warehouse networks. At the same time, Gome, Pinduoduo and JD.com will also conduct joint marketing at promotional nodes such as 618. (interface)
4. La azada: Singapore's online grocery sales have increased fourfold during the epidemic
According to foreign media reports, Southeast Asian e-commerce giant Lazada said that since early April, Singapore has taken measures such as travel restrictions nationwide in response to the epidemic, and Lazada's online supermarket business distribution platform RedMart has also increased its sales in Singapore. In addition, RedMart's daily visitor users have increased by more than 11 times, and Lazada quickly launched a new delivery system and hired 500 employees in a few weeks to improve the company's service capabilities. (E-commerce News)
5. American fashion e-commerce Stitch Fix plans to lay off 1,400 employees in California
June 2 news, according to Reuters, American fashion e-commerce company Stitch Fix plans to lay off 1,400 employees in California, and affected California employees will receive transfer options and financial support. In addition, Stitch Fix plans to hire about 2,000 stylists in low-cost living areas such as Dallas, Minneapolis, and Austin. It is understood that Stitch Fix focuses on using the cooperation method of "artificial intelligence + human stylists" to select fashionable items for users. Its first-quarter financial data for the 2019 fiscal year showed that net sales in the quarter increased by 24% year-on-year to US$366 million, and active users increased by 22% year-on-year to 2.9 million. (E-commerce News)
Internet Information
6. China Literature Group and People's Reading formally signed a strategic cooperation agreement to build a "Reading Cognitive Laboratory"
Based on the content of the cooperation agreement, the two parties jointly launched the "Online Literature Creation Plan", held a national military-themed online literature essay competition, and launched a military-themed online literature content platform; held a campus creative newcomer selection competition; held a science fiction novel essay competition with popular science China as the theme line. (interface)
7. Beike Real Estate and Baidu Map reach a cooperation map app to view real estate information
On June 2, Beike Real Estate and Baidu Map have recently reached a cooperation agreement and officially launched real estate information service content based on Baidu Map's real estate community POI point. The introduction said that when users rent or buy a house, they can directly view community details, house prices, rental and sale information on the Baidu Map app. It is understood that recently, Beike Real Estate confirmed that it had completed a D+ round of financing of more than US$2.4 billion in November 2019, and investors include SoftBank, Tencent, Hillhouse Capital, and Sequoia Capital. (E-commerce News)
8. Global 4G/5G key patent ranking: Huawei ranks first in Ericsson at the bottom
On June 2, according to the latest data released by German patent data company IPlytics, Huawei ranked first in terms of the declared key 4G/5G patents, followed by Qualcomm, Nokia Bell, Samsung, LG and Intel, and Ericsson ranked last.
Data shows that Chinese companies including Huawei and ZTE have applied for 5G SEPs in total, accounting for 34.02% of the world, ranking first in the world. Among them, Huawei has the largest number of applications for 5G SEPs. Huawei ranks first with 3,147 items, accounting for as high as 15.05%, becoming a leader in the 5G communications industry. (Tencent News)
9. Online furniture leasing company "Fernish" receives US$15 million in Series A financing
36Kr learned that according to foreign media reports, American online furniture leasing company "Fernish" completed a US$15 million Series A financing, led by Khosla Ventures and participated in the investment. Before this round of financing, Fernish also received a seed round of $30 million. The funds obtained from this round of financing will be used to expand into new markets and expand the team size. Fernish is an online furniture rental company that aims to provide furniture rental services to users. (36Kr)
Cross-border e-commerce
10. AliExpress: The number of sellers in the Russian project AE PLUS has increased by 50% since its launch
According to Hugo.com, AliExpress issued an announcement yesterday stating that since its Russian project AE PLUS (AliExpress PLUS), since it was launched on April 15, the overall Russian GMV transactions of merchants have increased by 60%, the number of buyers has increased by 50%, and the conversion rate in Russia has increased by 39%. According to AliExpress, the AE PLUS project will be the main engine of AliExpress's Russian e-commerce market growth in the future, and is expected to bring more than US$2 billion in market share growth. (E-commerce News)
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