Laogao E-commerce Newsletter on February 28

　　#Laogao E-commerce News# [E-commerce Evening News on February 28] 1. Luo Zhenyu talked about breaking up with Papi Jiang; 2. China does not welcome such Lotte, and a Lotte supermarket in Beijing was fined for publishing illegal advertisements; 3. eBay updated its spring policy, and the transaction fee of sellers who failed to meet the standards was increased by 4%; 4. Can Tmall's promotion of AR shopping break the dilemma of home improvement e-commerce? 5. AliExpress has released another batch of banned products, sellers should pay attention.

　　1. Luo Zhenyu talks about breaking up with Papi Jiang

　　On February 28, Luo Jisiwei's investment in Papi Jiang caused a lot of controversy that year. He once held a grand investment promotion meeting, but in less than a year, he parted ways with Papi Jiang, which made Luo Zhenyu "learn a reputation like Chen Shimei in the world." He believes that reputation is really not important, what is important is life and death. Every step of the entrepreneur faces a life and death disaster. (Source: Sina Finance)

　　Comment: The realistic application of pragmatism.

　　2. China does not welcome such Lotte. A Lotte supermarket in Beijing was fined for publishing illegal advertisements.

　　On February 28, Beijing Dongcheng Industrial and Commercial Bureau announced this morning that Beijing Chongwenmen Branch of Beijing Lotte Supermarket Co., Ltd. was punished for publishing illegal advertisements. It is understood that Beijing Contemporary Medical Beauty Clinic Co., Ltd. has produced an advertisement that claims to be a "star micro plastic surgery base" and "the 9 most powerful medical beauty institutions in China". Without approval, it violated the Advertising Law and was investigated and punished by Dongcheng Industrial and Commercial. This advertisement was posted in the Chongwen store of Lotte Supermarket. The Chongwen store of Lotte Supermarket has thus formed the fact that illegal advertisements are released, and has become the public place manager in the city who was punished for publishing illegal advertisements, and has been fined 44,000 yuan in total. (Source: Legal Evening News)

　　Comment: Beautiful job.

　　3. eBay updates spring policy, and sellers who fail to meet the standards will increase their transaction fees by 4%.

　　According to February 28, the spring policy of eBay US station will be updated on May 1, with the main contents of the update including seller rating standards and store seller transaction fees. The reporter learned that in terms of seller rating standards, eBay has increased the proportion of effective tracking and uploading orders for Excellent Rating Sellers (eTRS), from 90% to 95%, and also provides excellent rating sellers with a quarterly promotional listing subsidy of $30 per quarter. For sellers who do not meet the minimum standards, the transaction fee will be increased by 4%. For store sellers, the transaction fee will be fine-tuned 0%-0.15% depending on different categories. (Source: Yibang Power Network)

　　Comment: Survival of the fittest, "elimination" of inferior sellers.

　　4. Can Tmall’s promotion of AR shopping eliminate the dilemma of home improvement e-commerce?

　　On February 28, the first AR shopping "AR-GO" was launched during the Tmall Home Decoration Festival, introducing 3D models. Consumers can place products in their homes with a nearly 1:1 effect when they open the Tmall App to experience the effect. "AR-GO brings consumers a new shopping experience." Feng Jianhua, head of AR-GO engine technology, said that with the help of upgrading AR technology from image tracking to motion tracking without logo images on ordinary mobile phones, combined with the lightweight and efficient 3D engine and model specifications suitable for mobile realism rendering, Tmall AR-GO will bring a new upgrade to the online shopping experience. (Source: Yibang Power Network)

　　Comment: It is understood that after the Tmall Home Decoration Festival, "AR-GO" will be settled as one of the normal shopping methods of Tmall and will gradually expand to other industries. Products with AR logos in brand flagship stores can experience the AR-GO effect.

　　5. AliExpress has released another batch of banned products, sellers should pay attention to it

　　According to February 28, Alibaba's export e-commerce platform AliExpress has released a batch of products that are prohibited from being sold to the corresponding countries. For sellers who currently sell products that are prohibited, AliExpress recommends that sellers change the corresponding logistics freight template from now on. The above product settings do not support sending to the corresponding country. Inappropriate release may cause harm to the website and the seller themselves. (Source: Yibang Power Network)

　　Comment: Seller pay attention.

　　6. The courier was 5 minutes late and was broken by the recipient.

　　According to February 28, a courier in Weifang was tragically beaten by the recipient because he was 5 minutes late when delivering the courier. It was not enough that the perpetrator knocked the courier to the ground, and he took off his leather shoes and beat him. This resulted in the fact that Brother Li, who was in his 40s, was beaten with blood all over his body and had multiple fractures on his body. (Source: Sina Weibo)

　　Comment: Why is the anger so heavy?

　　7. Liu Qiangdong announced that he would donate over 100 million yuan to his hometown Suqian to help local public welfare undertakings such as education, culture, and elderly care.

　　On February 28, JD.com CEO Liu Qiangdong announced that he donated more than 100 million yuan to his hometown, Suqian City, Jiangsu Province, for local public welfare undertakings such as education, culture, elderly care and helping the weak and the poor. This is also the contribution made by Liu Qiangdong to Suqian’s local economic development and people’s livelihood improvement after establishing a national customer service center, information technology park and cloud computing base in Suqian. (Source: Tencent Technology)

　　Comment: Liu Qiangdong and Jack Ma both have strong local complexes.

　　8. Netizens reported that they might have been on "fake Baidu". Official announcement: Baidu search mobile terminal was hijacked

　　On February 28, yesterday, Baidu officially issued a notice saying that recently, some netizens reported that when they pressed the browser to return, they jumped to a Baidu webpage, feeling like they were "fake Baidu". In response, Baidu's official WeChat official account posted a message pointing out that Baidu search has been hijacked recently, resulting in netizens entering the "fake Baidu" homepage without knowing it when searching for some content, and facing the risk of accidentally entering a bad and dangerous website. At the same time, the article also pointed out that the hijacked traffic was eventually directed to Alibaba Mobile's "Shenma Search", which may be an unfair business competition in the search industry. "Shenma Search" responded that it will firmly investigate the matter to the end, have zero tolerance for traffic hijacking, and call for joint efforts to crack down on industry cancer. (Source: Internet)

　　Comment: The giants are fighting.

　　9. Alibaba's "Mijue Master" Wuhan University starts classes to fight counterfeiting and co-governance to call for young talents

　　On February 28, Zheng Junfang, the "Master Miejue" came to Wuhan University and launched Alibaba's "Quality Lecture Hall" and also taught the first lesson "Quality Governance in the New Retail Era". In the future, the "Quality Lecture Hall" will continue to enter universities across the country, jointly build teaching practice bases, and cultivate more young governance talents. At 10 a.m., Zheng Junfang's first class was held in the classroom of Wuhan University Quality Research Institute. She first took the Red Flag Act of 1985 as an example to explain the relationship between development and regulation. Back then, people were worried that the engine would endanger public safety, so they issued a special law requiring someone to lead the way with a red flag when driving. (Source: Tianxia Online Business)

　　Comment: The root of counterfeit and shoddy products is always offline.

　　10. Wanjia Culture was investigated by the China Securities Regulatory Commission for suspected violation of securities laws and regulations

　　According to February 28, last night, Wanjia Culture announced that it had received the "Investigation Notice" of the Zhejiang Securities Regulatory Bureau of the China Securities Regulatory Commission and would investigate it. Wanjia Culture responded, "During the investigation period, we will actively cooperate with the China Securities Regulatory Commission's investigation work and strictly fulfill our information disclosure obligations in accordance with relevant requirements." The company also reminded that if the investigation matters involved in this case touched the fraudulent issuance or major information disclosure violations stipulated in the "Shanghai Stock Exchange Stock Listing Rules", "the company's stocks will be delisted and the company has a risk of delisting." Wanjia Culture also announced that it will resume trading from February 28. (Source: 21st Century Business Herald)

　　Comment: Haha.

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