#Laogao E-commerce Newsletter# [June 11 E-commerce Morning News] "Jingxi 618 Source Good Goods Market" officially opened in Shenzhen Tencent Kexing's workplace; Suning Retail Cloud plans to open 350 stores in June to 8,000 stores by the end of the year; Lu Zhengyao resigns as chairman of the board of directors Shenzhou Car Rental has risen 10%; eBay launches Listings Promotion plan for the third time; Google removes Kuaishou's overseas short video application Zynn, which may be suspected of stealing TikTok videos...
E-commerce newsletter
1. "Jingxi 618 Source Good Products Market" officially opened in Shenzhen Tencent Kexing Workplace
June 10th news, today, the "Jingxi 618 Source Good Goods Market" was grandly opened in Shenzhen Tencent Kexing Workplace, aiming to help small and medium-sized businesses and enterprises, activate the real economy, and build an integrated online and offline 618. According to reports, the event is an offline market jointly organized by Jingxi United Platform Merchants, Tencent Weishi, Tencent Charity, Tencent Volunteers, Tencent Animation, Tencent Games and other Tencent, as well as Tianyin Interactive. Each stall in the market provides store QR codes and exclusive online discounts. Consumers can purchase good goods from the source by scanning the QR code or through Tencent Souyisou online entrance. (E-commerce News)
2. Suning Retail Cloud plans to open 350 stores in June to 8,000 stores by the end of the year
According to June 10, Suning Retail Cloud recently announced that it will open 350 stores in June and strive to achieve a goal of 8,000 stores by the end of 2020. Data shows that Suning Retail Cloud opened stores in March, April and May to 190, 413 and 348 respectively. It is understood that during the "618" period, Suning Retail Cloud will open its 6000th store in East China. (E-commerce News)
3. Kuaishou signed a contract with Jiangsu Radio and Television to launch the "Quai Up" integrated media plan version 2.0
36Kr learned that on June 10, Kuaishou Technology and Jiangsu Radio and Television Corporation signed an agreement, and the two parties will promote all-round strategic cooperation in media MCN construction, large and small screen integration innovation, and help regional industrial development. At the meeting, Kuaishou officially launched the 2.0 version of the "Quai Up" integrated media plan, and will introduce at least 100 media MCNs in the next year. At the same time, Jiangsu Radio and Television Corporation announced the establishment of the Beijing Work Department of "Lychee News", covering Beijing, Northeast China and its surrounding areas. Four working branches will be established in various places in the future. (36Kr)
4. Starbucks: China's sales are expected to decline by 20%-25% in the third quarter, and the United States will decline by 40%-45%.
36Kr learned that Starbucks said in a letter to shareholders that in the last week of May, same-store sales in China fell by about 14% year-on-year. At present, more than 70% of stores in China have restarted and it is expected to open at least 500 new stores in China in the future. Due to the COVID-19 epidemic, it is expected that China's same-store sales will decline by 20%-25% in the third quarter, and the same-store sales in the United States will decline by 40%-45%. It is also expected that the company's third-quarter revenue will decline to $3 billion to $3.2 billion, with an adjusted loss per share between 55 cents and 70 cents. (36Kr)
5. Uber plans to withdraw from the acquisition negotiations with food delivery platform Grubhub
According to foreign media reports, due to antitrust concerns, Uber may withdraw from the acquisition negotiations with Grubhub. Previously, several Democratic lawmakers expressed concerns about the potential deal. If Uber merges with Grubhub, it will create a new leader in the US food delivery market, surpassing its competitor DoorDash. After that, Grubhub may merge with a European company. (Sina Technology)
Internet Information
6. Sina Weibo responds to rectification: It will strengthen the control of illegal information and improve the internal review and handling process
36Kr learned that on June 10, "Weibo Administrator" issued a Weibo community announcement stating that according to the rectification requirements of the Internet Information Department, the Weibo hot search list and the hot topic list will be updated from 15:00 on June 10, 2020 to 15:00 on June 17. Weibo will strictly implement management requirements, effectively fulfill its main responsibilities, strengthen the management and control of illegal and irregular information, improve the internal review and handling process, actively maintain online communication order, and build a good ecology of Weibo community. (36Kr)
7. Lu Zhengyao resigns as chairman of the board of directors, China Car Rental rose 10%
According to news on June 11, as of yesterday's closing, China Auto Rental rose 10%, with a total market value of HK$4.898 billion. Previously, China Auto Rental had just issued an announcement stating that Lu Zhengyao had resigned as chairman of the company's board of directors and non-executive director, which will take effect on June 9, 2020. After Lu Zhengyao resigns, he will no longer serve as a member of the company's nomination committee. (E-commerce News)
8. New Twitter test function: prompt users to open the article first and then share it
Twitter said the company is testing a new feature on Android devices that prompts users to open the article before sharing. Due to poor control over content such as cyber violence and false news, the social media company has been tightening its policies in recent years. (Sina Technology)
9. Google removes Kuaishou’s overseas short video app Zynn, which may be suspected of stolen TikTok videos.
According to the BBC on June 10, Google has removed the short video social app Zynn from the app store, similar to TikTok. However, Google has not announced the specific reasons for its removal. An Apple spokesperson said it was investigating the app. Zynn is a short video application launched by Kuaishou, with a style very similar to TikTok. TikTok short video maker complained that his video was reposted without permission. In response, Zynn said a new method has been launched for users to report content theft. (interface)
Cross-border e-commerce
10. eBay launches Listings Promotion plan for the third time
According to the news on June 10, according to Blue Ocean Yiguan.com, eBay launched the Listings Promotion program for the third time, exempting up to 100 Listings for platform enterprise sellers. It is reported that within 30 days, the seller only needs to pay a transaction fee of up to $1 for these Listing orders. At the same time, the event will end on July 9, and the duration will be extended to 1 month from the previous one week. (E-commerce News)
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