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E-commerce newsletter
1. JD.com has invested nearly 50 billion yuan in employee benefits in 20 years.
On May 11, JD.com released its first quarter results for 2023. In the first quarter of 2023, under the active adjustment, JD.com Group's revenue still achieved positive growth year-on-year, reaching RMB 243 billion. In the 20 years since its establishment, JD.com has always insisted on pursuing business success in order to make the company valuable to society. It has long combined corporate development with the happiness of employees and continuously helped high-quality employment. It has invested nearly 50 billion yuan to fully protect JD.com people and their families. (JD.com)
2. The total number of topics in Douyin’s “May 1st” event ended with more than 37 billion times
On May 11, the "Heart-moving May Day" event of Douyin Life Service was successfully concluded. During the event, Douyin joined hands with a large number of merchants on the platform to provide consumers with hundreds of thousands of discounted products online, covering the three major industries of catering, hotel and tourism. The "Five Carnival of Heart" activity was launched offline, attracting more than 12,000 people to participate. The total number of topics related to online Xinxing May Day exceeded 37 billion times. As of now, the number of views on the #May Day Travel Guide topic has reached 5.57 billion times, and more than 570,000 people have participated in the topic to share travel inspiration. (Tik Tok Life Service)
3. Xu Lei responded to retire from JD.com: Please bless me and bless everyone
On May 11th, Xu Lei just posted on WeChat Moments to respond to retirement from JD.com: Please bless me and everyone. It is also equipped with the song "It's My Life". During tonight's earnings call, Xu Lei said that retirement is to have more time to accompany his family. He believes that Xu Ran can become an excellent CEO and will continue to support Xu Ran's work in the next few months. Tonight, JD.com announced that the company's current chief financial officer Xu Ran will replace Xu Lei as CEO and executive director of JD.com. Xu Lei will retire from the position of CEO and executive director of the company for personal reasons. After retirement, Xu Lei will serve as the first chairman of the JD Group Advisory Committee. (Phoenix Technology)
Internet news
4. Tujia B&B is on the 2023 Hurun Global Unicorn List
On May 12, Hurun Research Institute recently released the "2023 Global Unicorn List", listing non-listed companies worth more than US$1 billion after being established in 2000, and Tujia B&B is on the list. It is reported that Hurun Research Institute has been tracking and recording unicorn companies since 2017, and this is the fifth time it has released the global unicorn list. (Hurun Research Institute)
5. Small Commodity City: Entrust the Yiwu Global Digital Free Trade Center project to Shangbo Yungu Construction Management
On May 11, Zhejiang China Small Commodity City Group Co., Ltd. issued an announcement on project construction entrusted management and related transactions. Regarding the purpose and reasons of this transaction, the announcement pointed out that in recent years, the company has gradually withdrawn from the project construction management business around the development strategy of "taking the market as the main business, digital as the link, and platform as the support", and building a comprehensive international trade service provider. In order to ensure the smooth implementation of the construction of related new projects, it is planned to entrust Shangbo Yungu to build and manage the Yiwu Global Digital Free Trade Center project and the East Third Floor Project in the second district. (Small Commodity City Group)
6. Juran Home: The company plans to open stores throughout the year exceeds the same period in 2022
On May 11, JuRan Home recently stated that in an investigation, the company will take the national policy of rural revitalization and supporting county economic development as a guide, open a commercial complex integrating life and home business formats in county cities, promote the upgrading of county cities and rural commercial outlets, create a commercial benchmark, drive employment, stimulate consumption, help county economic development, and accelerate the development of "100 counties, 100 MALLs, 100 towns and 100 stores" development strategy and business model. The company plans to open stores throughout the year exceeds the level of the same period in 2022. (Jiran Home)
7. Ele.me won the 2023 Environmental, Social and Governance (ESG) Annual Case Award
On May 11, during the 2023 China Brand Day event, the China Corporate Social Responsibility Summit Forum, guided by People's Daily and hosted by the People's Daily's Ministry of Economic and Social Affairs, was held in Shanghai. During the event, Ele.me won the "2023 Environmental, Social and Governance Annual Case Award" for its carbon reduction practice. (China.com Technology)
8. News says that Alibaba Cloud founder Wang Jian has officially returned
On May 11, Leifeng.com exclusively learned that Alibaba Cloud founder Wang Jian officially returned to Alibaba Cloud. Several insiders revealed that as early as the end of 2022, Wang Jian had actually been invited by Zhang Yong and others to inspect and guide Alibaba Cloud's work as a behind-the-scenes consultant. After several months of running-in and negotiation, Wang Jian will join Alibaba Cloud full-time with a brand new title in the near future. It is understood that in 2013, Wang Jian stepped down as president of Alibaba Cloud. (Leifeng.com)
Cross-border newsletter
9. News says TikTok will launch a self-operated "full hosting" model
According to many industry insiders, TikTok e-commerce has adjusted its cross-border business. The project team code-named "S" (the abbreviation of Store) will launch a self-operated "full hosting" model, that is, merchants are only responsible for supply, and the platform solves the problems of traffic and goods operations. At the same time, the TikTok Shop function will be fully liberalized in the United States this year. There is no clear launch schedule for sites such as Brazil, Spain, Italy, Australia, New Zealand, France, and the Middle East. It is reported that TikTok e-commerce is in the stage of adjusting and researching, and the final plan has not yet been finalized. (ENECNEWS)
10. Australian consumers’ preferred mobile device for online shopping, logistics is the biggest pain point
Recently, SoftwareAdvice and Ship-Safely released surveys on Australian consumers, revealing the current demand preferences and pain points of Australian consumers. According to a SoftwareAdvice survey, more than 59% of Australian respondents prefer "mobile devices" when shopping online. Among them, 84% of respondents prefer to use smartphones for online shopping, while only 9% prefer tablets. For the main reasons for preferring mobile shopping, most consumers say it is more convenient to shop with mobile devices, such as faster checkout and more payment options, more aspects to view reviews, and more convenient to track products. A Ship-Safely survey of more than 1,000 Australians showed that up to 64% of Australian online shopping consumers have experienced damage, loss or stolen goods, especially high-frequency online shopping groups such as millennials and Generation Z. (Yien.com)
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