#Laogao E-commerce Newsletter# [E-commerce Morning News on August 12]

#Laogao E-commerce Newsletter# [E-commerce Morning News on August 12] Forbes released the list of China's best CEOs: Zhang Yong, Ma Huateng, Ma Mingzhe ranks in the top three; Lei Jun: Xiaomi has entered 90 countries and markets and entered the top five in 50 markets; WeChat iOS version 7.0.15 official version update: new barrage operations for official account videos, mini programs add anti-addiction buttons; Didi's lost items return function is online, mobile phones can be left with face recognition and sent back; Walmart announced that it will join forces with Instacart to launch the same-day delivery service against Amazon...

E-commerce newsletter

1. Forbes releases China's best CEO list: Zhang Yong, Ma Huateng, Ma Mingzhe ranks in the top three

36Kr learned that today, Forbes released the list of China's best CEOs. The average age of the 50 CEOs on the list is 54 years old, and the average market value of the management company is 365.4 billion yuan, of which 4 female CEOs are. The top 5 CEOs in the list are: Alibaba Zhang Yong, Tencent Holdings Ma Huateng, China Ping An Ma Mingzhe, China Merchants Bank Tian Huiyu, and Meituan Dianping Wang Xing. (36Kr)

2. Suning.com Retail Cloud signed a three-year "first class" cooperation with 22 brands

36Kr learned that Suning.com Retail Cloud has signed a new round of "first class" cooperation with home appliance 3C brands such as Midea, Haier, and Hisense. Multiple parties have signed a cooperation goal of exceeding 100 billion yuan in sales in three years, focusing on business directions such as C2M single products and brand benchmark fortress stores. (36Kr)

3. JD.com officially acquires industrial supplies supply chain e-commerce company Gongpinhui

On August 12, JD.com recently officially completed the acquisition of Gongpinhui, an e-commerce company for industrial supplies supply chain. Gongpinhui will serve as a sub-brand of JD.com Industrial Products, positioning to provide MRO services to sub-terminal retail stores, open up the original factory resources of the MRO industrial belt, and form an important link in JD.com's enterprise business to serve the industrial manufacturing industry. In the first half of this year, JD.com was heavily capitalized in the enterprise service market. After JD.com Industrial Products became JD.com's "fourth unicorn" and raised US$230 million, JD.com successively invested in companies such as IT office equipment operator Xiaoxiong U-Rent and electronic bidding service provider Beijing Zhulong. (E-commerce News)

4. Dingdong Maicai and Tyson Foods reach strategic cooperation

On August 12, Dingdong Maicai recently signed a strategic cooperation agreement with Tyson Food, a world-renowned meat supplier, in Shanghai. The two parties will integrate their respective advantageous resources based on the product, marketing, data and other aspects to carry out in-depth cooperation in domestic categories such as frozen fresh meat, Kuaishou cuisine and customized products. "This strategic cooperation with Tyson is to hope that Dingdong Maicai can continue to strengthen the certainty of the meat supply chain." said Liang Changlin, founder and CEO of Dingdong Maicai. Wu Tong, president of Tyson China & South Korea, said that the rapid development of the new online economy has made home delivery scenarios a new growth point for food retail, and Dingdong Maicai is one of the best. (E-commerce News)

5. Lei Jun: Xiaomi has entered the top five in 90 countries and markets in 50 markets.

According to August 11, Lei Jun said today that Xiaomi has entered 90 countries and markets, and has entered the top five in 50 markets. In the first quarter of this year, Xiaomi topped the Spanish market and ranked second in the French market. Lei Jun said that he believed Xiaomi will top in more markets. The latest financial report shows that in the first three months of this year, the group's total revenue was RMB 49.7 billion, a year-on-year increase of 13.6%, and overseas revenue reached RMB 24.8 billion, a year-on-year increase of 47.8%, accounting for half of the total revenue for the first time. (E-commerce News)

Internet news

6. News says Airbnb plans to submit an IPO secretly this month, and its valuation drops to $18 billion

On August 12, a source familiar with the inside story revealed that Airbnb, a global short-term rental apartment reservation platform, plans to secretly submit IPO (initial public offering) listing documents to the U.S. Securities and Exchange Commission (SEC) this month. Airbnb may start listing by the end of this year, but the company declined to comment. Airbnb's valuation in the private equity market has dropped to $18 billion, well below the $31 billion it did in 2017 when the company launched a financing round. In April, Airbnb also raised $1 billion from private equity firms Silver Lake and Sixth Street Partners in hopes of surviving the COVID-19 crisis. Just a week later, the company went from Fidelity and T. Rowe Price and BlackRock raised $1 billion. (E-commerce News)

7. Updated on the official version of WeChat iOS version 7.0.15: New barrage operations for official account videos, and mini-programs add anti-addiction buttons

On August 11, Tencent WeChat iOS version 7.0.15 was released. Official news stated that some known problems have been solved. This version brings options for optimizing chat message operation, the video content of the official account supports functions such as posting barrage, double-speed playback, and new anti-addiction buttons in the mini program. (interface)

8. Didi’s lost items return function is online, and the mobile phone can be sent back with facial recognition

Starting from August 11, Didi’s lost items return function will be launched in more than 300 cities across the country, involving a variety of models of express, enjoyable and special cars. If the passenger loses items, he can choose to negotiate express delivery, deliver it to a nearby police station, and negotiate the driver to drive and return it. Among them, the negotiated driver needs to pay the travel fee to drive the reverse order and the Didi will not withdraw the penny.

In the first half of 2020, the driver discovered lost items and reported more than 850,000 items on the platform. Taking June as an example, 199,464 lost items were reported in 30 days, with an average of 6,649 items per day. At the same time, Didi customer service has an item loss team of nearly 500 people, which specifically assisted passengers in finding things. In the first half of the year, the recovery rate of lost items by users reached 65.2%, but 34.8% of items still cannot be retrieved. Based on this, Didi launched the "return of lost items" function.

There are three ways to return lost items, namely, negotiate express delivery, return to nearby police stations and negotiate drivers to drive back. If the passenger's items are left in the car, within 48 hours after the order is over, you can choose from three options according to your own needs. (Europe)

9. SF Express’s first distribution center in the UK is launched

According to the official WeChat account of Prolos, Prolos has signed a lease agreement of more than 8,300 square meters with SF Express International at G-Park Northampton, UK. This is the first distribution center established by SF Express in the UK, which will become an important part of its expanding overseas supply chain. It is reported that SF Express is a long-term strategic partner of Prolos and one of Prolos' most important customers in China. Prolos has provided SF Express with more than 830 square meters of modern and high-standard logistics facilities in more than 30 cities in China, supporting SF Express to continuously expand and improve its supply chain network layout in China and even the world, and improve logistics efficiency. (E-commerce News)

Cross-border newsletter

10. Walmart announces joining forces with Instacart to launch same-day delivery service against Amazon

On August 12, Walmart is partnering with US grocery delivery platform Instacart to start offering same-day delivery in several US markets, making it the latest large grocery chain to partner with Instacart against Amazon and its Whole Foods. It is reported that this partner model is currently in the pilot phase at four locations in California and Oklahoma. (E-commerce News)

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