#Laogao E-commerce Newsletter# [June 4 E-commerce Morning News] "JD Service+" 618 has a good start online sales increased by 285% year-on-year; Pinduoduo subsidizes Wuling sales trucks: each subsidy of 3,000 yuan; Baidu search big data: street stall economy is popular, and the search popularity of "stall skills" soars by 655% to a 10-year high; PepsiCo Asia Pacific CEO and former Walmart China President Chen Wenyuan took over; under the situation in the United States, Amazon began to close distribution centers...
E-commerce newsletter
1. "JD Service+" 618 has a good start and online sales have increased by 285% year-on-year.
On June 3, JD Logistics released a good start report on 618, showing that as the domestic epidemic situation improves, life service consumption has ushered in rapid growth. 618 started well, with "JD Service+" online sales increased by 285% year-on-year and orders increased by 332% year-on-year. Among them, orders for home appliance cleaning services were nearly 6 times that of the same period last year, orders for luxury goods maintenance services increased by 280% year-on-year, and orders for mobile phone repairs increased by 346% year-on-year. (E-commerce News)
2. Pinduoduo subsidies for Wuling vending trucks: each subsidy of 3,000 yuan
36Kr learned that at 8:30 pm on June 3, Pinduoduo announced the official launch of the "Wuling Rongguang Vending Truck". The first batch of sales trucks will be 100, and Pinduoduo will subsidize each vehicle with a fuel card of 3,000 yuan. Consumers can purchase and receive subsidies through the Pinduoduo Flash Sales Channel, 10,000 Group and other portals. As of 22:00, the activity page showed that the first batch of subsidized 100 "stand-standing cars" have been sold out. Pinduoduo said that another 200 units were urgently transferred. (36Kr)
3. Alibaba's shareholding in Best Group increased to 33%
36Kr learned that according to the documents submitted by Best Group to the SEC yesterday, Alibaba holds 142 million shares of Best Group, accounting for 37.2% of Best Class A shares and 33% of Best's total share capital. According to the 2019 annual report previously released by Best, as of February 29, 2020, Alibaba held 24.18 Class A shares and 0.94 Class B shares of Best Group, with a shareholding ratio of 30.3%, making it the largest shareholder of Best Group. (36Kr)
4. Baidu search big data: street stall economy is popular, and search popularity of "stall skills" soars by 655% to a 10-year high
According to June 3, in order to cope with the employment crisis under the impact of the new crown epidemic, many cities in my country have relaxed the control of the "street stall economy". Premier Li Keqiang proposed: "The street stall economy and small shop economy are important sources of employment, the fireworks of the world, and like the 'high-end', it is the vitality of China." Baidu search big data shows that the search popularity of "stall skills" related content has soared by 665% year-on-year in the past 7 days, reaching the highest value in 10 years. Under the call of the Prime Minister, the "street stall economy" is showing a hot development trend. (Titanium Media)
5. The FTSE China 50 Index will be included in Alibaba, Alibaba Health, etc., and will take effect after the market closes on June 19
FTSE announced quarterly review of the index. FTSE China 50 index was included in Alibaba, Alibaba Health and Hansen Pharmaceuticals, and removed Shenzhou, Xinhua Insurance and China Communications Construction, and took effect after the market closes on June 19. (Cailianshe)
Internet Information
6. Zoom's revenue increased by 169% in the first quarter, and increased cloud computing spending led to a decline in gross profit
According to the report on June 4, the financial report released by the online video technology company Zoom after the market on Tuesday (June 2) local time in the United States showed that in the first quarter of this year, Zoom hit a new revenue high of US$328 million, a year-on-year increase of 169%, and its profit reached US$27 million. (Titanium Media)
7. Uber's rides rebounded in many countries, still down 70% from the same period last year
According to foreign media reports, Uber said on Wednesday that as many countries have begun to relax restrictions caused by the new coronavirus epidemic, Uber found that the number of travel from users is gradually recovering, but the current vehicle ride is still significantly lower than the level of the same period last year. Uber CEO Dara Kosrosasi revealed that compared with the same period last year, the number of travel for Uber users has decreased by about 70%, narrowing from 80% in April this year. (Sina Technology)
8. Chen Wenyuan, CEO of PepsiCo Asia Pacific and former president of Walmart China, took over the position
PepsiCo's latest announcement of the change of its leader in the Asia-Pacific region, appointing Chen Wenyuan as CEO of PepsiCo's Asia-Pacific, Australia, New Zealand and Greater China, responsible for its business in the region. Chen Wenyuan will take up his new position on June 15, 2020 and is based in Singapore. He will report to PepsiCo Chairman and CEO Long Jiade. Ke Ruinan, who previously served as the CEO of PepsiCo Asia Pacific, will change his role as the global chief business officer of PepsiCo. Chen Wenyuan was once the president and CEO of Walmart China, leading Walmart China in a series of transformations. (China Finance)
9. The Ministry of Industry and Information Technology plans to cancel the cross-regional value-added telecommunications business licenses of 6 companies including Vipshop.
According to the official website of the Ministry of Industry and Information Technology on the 3rd, the Ministry of Industry and Information Technology plans to cancel the cross-regional value-added telecommunications business licenses of six companies including Guangzhou Vipshop Information Technology Co., Ltd., among which the type of business that Vipshop applies for cancellation is domestic call center business. The Ministry of Industry and Information Technology said that recently, six companies including Guangzhou Shendi Computer Systems Co., Ltd. applied to the Ministry of Industry and Information Technology to terminate the operation of related value-added telecommunications services. In order to safeguard the legitimate rights and interests of telecom users and properly resolve the aftermath of users, according to the provisions of the "Telecom Business License Management Measures" (Ministry of Industry and Information Technology Order No. 42), relevant information about the proposed cancellation of cross-regional value-added telecommunications business licenses is now announced. The public announcement period is from June 3, 2020 to July 2, 2020. (E-commerce News)
Cross-border e-commerce
10. Under the US situation, Amazon begins to close distribution centers
Currently, protests in the United States have swept at least 75 cities across the United States. According to official data, protests in various places have participated in a total of tens of thousands of people. In order to cope with the tense situation, Amazon is reducing its express delivery business in a few cities such as Chicago, closing distribution centers and some delivery operation points in cities such as Chicago and Los Angeles, and making adjustments to some delivery routes.
Amazon "keeps close contact with local government officials and will continue to monitor the ongoing protests," the delivery operation site will only reoperate if it is safe. In addition, the notice also stated that Amazon is re-planning the delivery route based on the parade in each postal area. (Hugo.com)
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