#Laogao E-commerce Newsletter# [May 16 E-commerce Morning News]

Lao Gao provides everyone with the latest and most valuable Internet and e-commerce information every day.

E-commerce newsletter

1. Alibaba Middle Station was completely broken up



According to the exclusive report of "LatePost", Alibaba recently made a round of adjustments and diverts to the group's technology, finance, human resources, market and other middle-end businesses. After the adjustment, CPO Jiang Fang is only responsible for the human resources business of the salary center, organizational and cultural departments, as well as a few departments such as Hema and Cainiao. A large part of the original CPO line team was incorporated into the Taotian Group Human Resources Center. The original marketing department was renamed the Strategic Development Department, and only the Olympic group and strategic client group were retained. Some of the remaining teams will remain in Taotian Group, and some will form a security company to operate independently. (LatePost later)

2. Crazy Little Brother Yang and Simba team will join Taobao

On May 16, Tech Planet exclusively learned that the three sheep network behind the Internet celebrity anchor "Crazy Little Brother Yang" and Xinxuan team will start live streaming to sell goods on Taobao in the near future. The live broadcast anchors are Xiao Yang's wife and Simba's team respectively. Simba and "Brother Xiao Yang" may appear in the live broadcast room in the form of assisting broadcasts or guests. As of press time, Taobao Live and Xinxuan Group have not responded yet. (Tech Planet)

3. Meituan plans to hold a board meeting on May 25 to approve the first quarter results

On May 15, Meituan issued an announcement that it is scheduled to hold a board meeting on May 25, 2023 to consider and pass the group's unaudited financial results in the first quarter of 2023, and to handle other matters. (Meituan)

4. Before 618, Taobao’s 10 billion subsidy upgrades, and there is a chance of no commission for low-priced products on the entire network

On May 15, Taobao upgraded 10 billion subsidies, set up an entrance on the homepage of Taobao APP, and significantly lowered the merchant commission rate, and directly exempted commissions for the bottom-price products on the entire network. It was found on Taobao APP that the "10 billion subsidy" entrance has also been advanced from the middle channel position on the homepage to the independent icon position in the first row. It is reported that Taobao’s 10 billion subsidy fee reduction policy involves almost all industries and is very strong. The highest reduction in commissions in the entire industry is 81%. There is still a chance to directly exempt commissions for good goods and good prices. (China.com Technology)

Internet news

5. JD Logistics is invited to share the promotion of rural revitalization and prosperity and the exploration of digital rural talents

On May 16, the 27th seminar on "Talking about majors, saying courses, professionals, group teaching materials" of the Chinese Vocational and Technical Education Society was recently held in Rizhao, Shandong, Yingkou, Liaoning, Jiaxing, Zhejiang and other places. During the Enterprise Micro Forum session, JD Logistics was invited to share the promotion of rural revitalization and prosperity and the exploration of digital rural talents. According to a relevant person in charge of JD Logistics Education, since the launch of JD's "Penfu Plan" for rural revitalization in October 2020, JD has connected with more than 1,000 agricultural specialty areas and industrial belts, covering a large number of "good products from the source" in rural areas. By the end of 2021, it has driven rural areas to achieve a output value of 320 billion yuan. (JD Logistics Education)

6. Pop Mart spent HK$1.8607 million on May 15 to repurchase 98,600 shares

On May 15, Pop Mart issued an announcement that on May 15, 2023, the company spent HK$1.8607 million to repurchase 98,600 shares, with a repurchase price of HK$18.6-19.2 per share. (Pop Mart)

7. Shopee: Malaysia's overseas warehouse MYC transfer and adjustment fee rate

On May 15, in order to strengthen platform warehousing management and improve user service quality, Shopee Malaysia's overseas warehouse will enable new warehouse MYB and will gradually stop using old warehouse MYC. The deadline for MYC is June 30, 2023; the deadline for refund (application) is July 10, 2023; the deadline for refund (retrieval) is August 21, 2023. At the same time, Shopee will lower the operating fee for large-volume commodities after moving the warehouse of Malay, and the price cards for other Malaysian overseas warehouses remain unchanged. (Shopee)

8. Furui: The target price for WeMeng Group to "buy" rating is HK$5.6

On May 15, Furui released a research report saying that the first quarter operating data of WeMall Group was surprising, and the gross advertising revenue during the period increased by 58% year-on-year to 3.13 billion yuan. The group's work to reduce costs continues, and the overall business and operating quality are expected to be further improved in the second quarter. Give it a "buy" rating, with a target price of HK$5.6. The bank expects WeMall to have gross advertising revenue of 4.6 billion yuan in the first half of the year, reaching 12.5 billion yuan for the whole year. The explanation of the increase in the relevant forecast is mainly based on the strong performance in the first quarter. In terms of SaaS business, it grew by 20% year-on-year in the first quarter, underperforming the expectation of a 30% growth for the whole year. (Zhitong Finance)

Cross-border newsletter

9. US retailers are in a "store closure wave", and the United States may close nearly 50,000 retail stores in the next five years

According to reports, retailers' store closures in the United States will continue this year. According to UBS's report this year, 40,000 to 50,000 retail stores in the United States will be closed in the next five years. Some government officials, including the mayor of New York, pointed out that the surge in retail store theft cases are the main reason for the large number of stores closures. At the same time, under the influence of the new crown epidemic, remote working methods in the United States have been rapidly popularizing, which has hit many downtown shopping malls. Now, the average annual consumption per person in the United States in the city center is reduced by $2,000 to $4,600 compared with before the epidemic. (Yien.com)

10. Amazon is preparing to add ChatGPT e-commerce search

Amazon will report that it will add product searches like ChatGPT to e-commerce. Recently, Amazon announced new recruitment information, one of which recruited senior software development engineers. Amazon wanted to use conversational experience to reshape searches, answer user questions through conversational functions, help users compare products, and provide personalized suggestions. There is also a recruitment news that Amazon wants to re-architect and reinvent search engines, prioritizing AI, and introducing a large number of next-generation deep learning technologies. (ENECNEWS)