Laogao E-commerce Newspaper on March 10th

　　#Laogao E-commerce Newsletter# [E-commerce Morning News on March 10] 1. Taobao standardizes returns for seven days without reason, and these seven categories of products cannot be returned; 2. Tmall changes the indiscriminate information and random inspection standards; 3. #30% of Xiaomi phones on the market are fake#; 4. After Lotte has closed halfway in China, Korean supermarket emart will also close Chinese stores; 5. The Shanghai shared bicycle standard may be implemented in the middle of the year: forced scrapping for 3 years on the road.

　　1. Taobao standardizes seven-day unreasonable returns, these seven categories of products cannot be returned

　　According to March 10, Taobao plans to add the "Taobao Seven-Day No-Reason Return Specification" (hereinafter referred to as the "Specification"). The specification requires relevant sellers to provide "seven-day no-reason return" service, and the buyer should keep the product returned intact. The rules change will be announced on March 8, 2017 and will officially take effect on March 22, 2017. Yibang Power Network learned that the main new contents of the "Specification" are as follows: 1. Clearly clarify the scope of goods that are applicable and not applicable for seven days without reason; 2. Buyers are required to keep the goods returned to them "intact", and clarify the general standards and special categories of "intact products". (Source: Yibang Power Network)

　　Comment: Although there is no reason to return or exchange for seven days, you cannot return it if you want, otherwise you will be cheated if you encounter an unscrupulous buyer.

　　2. Tmall changes the indiscriminate information and random inspection standards

　　On March 10, Tmall issued the "Notice on Changes to the Standards for the Dispatch of Information and Sampling Inspections" today, adjusting the "indispatch of Information" and the rules for the specifications for the specifications for the sampling of information. Tmall said that in order to further standardize and improve the standardization of Tmall platform products and better promote the healthy development of the Tmall trading market, Tmall further adjusts the "indiscriminate information" and random inspection regulations based on the current market development status. The adjustment will be announced on March 9, 2017 and will officially take effect on March 16, 2017. (Source: Tmall)

　　Comment: The ones who treat unscrupulous businesses that don’t do business well.

　　3. #304% of Xiaomi phones on the market are fake#

　　According to reports on March 10, "30%-40% of Xiaomi mobile phones sold on the market are fake." Yesterday, at the plenary meeting of the Guangdong delegation of the Fifth Session of the 12th National People's Congress, Lei Jun, a member of the National People's Congress and chairman of Beijing Xiaomi Technology Co., Ltd., spoke, and discussed what Jack Ma said, "I hope to crack down on fake goods like the ones that control drunk driving." "There are more than 300 merchants with flagship stores online, and only two are authorized." A suggestion by Huang Jianping, a member of the National People's Congress and chairman of Guangdong Marco Polo Ceramics Co., Ltd., this year also directly points out that the Internet sells counterfeit and shoddy goods and infringes on intellectual property rights. (Source: Southern Metropolis Daily)

　　Comment: Fakes cannot be cured.

　　4. After Lotte closes halfway in China, Korean supermarket emart will also close its Chinese stores.

　　On March 10, after Lotte Mart, a supermarket under Lotte Group, gradually withdrew from the Chinese market, another major supermarket chain in South Korea, emart (Easy Maide), a subsidiary of New World Group, also stated that it would close two Chinese stores. According to Korean media reports, emart's official recently publicly stated that it has decided not to renew its store located in the old Ximen City District of Shanghai. At the same time, another store in Shanghai will also be closed within this year. The report pointed out that Emart's evacuation was due to witnessing the strong resistance of the people in China due to the THAAD incident, which forced it to think about its own risks in the development of the Chinese market. After closure of two stores in Shanghai this time, emart will only have five stores in China. (Source: Korean media)

　　Comment: I hope China-South Korea relations will be normalized as soon as possible.

　　5. Shanghai shared bicycle standard may be implemented in the middle of the year: forced abortion after three years on the road

　　On March 9, while releasing the above investigation results, the Shanghai Consumer Protection Committee summoned 10 shared bicycle companies. Xu Daoxing, chief engineer of the Shanghai Bicycle Industry Association, revealed to reporters that the shared bicycle standards are being formulated and if they can be reported and approved in May, they are expected to be implemented in June and July. After the standard is issued, the current chaos of some shared bicycles may be solved, such as the refund must be resolved within 7 days, the complaint phone number is activated 24 hours a day, and the forced scrapping of three years on the road is forced. (Source: The Paper)

　　Comment: No rules can lead to a circle.

　　6. News says Alibaba plans to seek $5 billion in overseas loans

　　On March 10, Thomson Reuters' bank loan information data provider Basis Point quoted people familiar with the matter today as saying that Alibaba is negotiating with banks to discuss seeking a $5 billion loan. According to people familiar with the matter, Alibaba hopes to raise $5 billion overseas through a "bullet loan" (one-time repayment loan) with a loan term of five years. The proceeds from financing will be mainly used for general purposes of the company, including refinancing. (Source: PingWest Pinwan)

　　Comment : Alibaba is known for operating e-commerce platforms Tmall and Taobao, but the company is expanding into areas such as cloud computing, big data and logistics.

　　7. JD Finance Vice President Jin Lin resigned and joined the state-owned enterprise Zhejiang Oriental

　　On March 10, a person from JD Finance confirmed to reporters that JD Finance Vice President Jin Lin has resigned, but will continue to serve as an advisor to JD Finance’s strategy. JD Finance said that Jin Lin had made sufficient communication with the company's management before resigning, the relevant work has been handed over, and the company's business is carried out normally. JD Finance Vice President Ma Ji will be responsible for strategy and investment and financing business as a whole. However, some media reported that they learned from Jin Lin that they have not continued to serve as an external strategic consultant for JD Finance. "In terms of form, there is nothing to do with JD Finance." It is reported that Jin Lin has joined Zhejiang Oriental, a state-owned enterprise in Zhejiang. (Source: Beijing Business Daily)

　　Comment: As long as the personnel turnover does not affect the company's business.

　　8. Ofo borrows 700Bike to assist and needs to use the Cruve version to enter the operational battle

　　March 9th news, ofo shared bicycles announced today that it will launch a new version of Cruve (curve) in cooperation with 700Bike, which is another product iteration after ofo3.1 bicycle version. According to an insider ofo, the curved version of the bicycle will be launched on the market in two months. From the parameter data of a Cruve version of bicycle, we can see that the new car has conducted in advance research and avoided the main factors affecting operation and maintenance, including rust frames and damaged pneumatic tires. (Source: Yibang Power Network)

　　Comment: The competition between ofo and Mobike has entered a stalemate stage. Whoever can occupy a well-known market share with the lowest cost and the best user experience will become the winner of the shared bicycle market.

　　9. LeTV launches a comprehensive financial and financial information service platform "LeTV Finance News"

　　On March 10, Jia Yueting announced through WeChat that LeTV launched a comprehensive financial and financial information service platform "LeTV Finance News". Jia Yueting said that as LeTV Finance’s financial information service platform, LeTV Finance is a special service of LeTV Finance. It is based on financial and financial information and tools, and features videoization of financial information. It leverages the advantages of LeTV's smart terminal, especially large screen, and combines LeTV's financial trading platform to create a closed loop of financial information services + financial product transactions. (Source: Tencent Technology)

　　Comment: LeTV has a lot of business.

　　10. Baidu responded to being fined for publishing illegal medical advertisements: it will improve the review system

　　On March 9, in response to the fact that Baidu's platform was punished by the Shanghai Industrial and Commercial Department for publishing illegal medical advertisements, Baidu responded in the evening that the regulatory requirements in various places were not unified and did not understand the specific regulations of Shanghai, and would improve the review system. According to previous media reports, Baidu Online Network Technology (Beijing) Co., Ltd. Shanghai Software Technology Branch and Beijing Sogou Information Service Co., Ltd. were punished by the Shanghai Municipal Administration for failing to effectively perform their legal obligations for failing to effectively perform their legal obligations in the Shanghai Municipal Administration for Industry and Commerce announced that as the publisher of paid Internet search advertisements, Baidu platform failed to effectively perform its legal obligations and released an unreviewed advertisement for a number of medical institutions such as Xupu Traditional Chinese Medicine Hospital, Anping Hospital, and Chuansha Tianshi Clinic. The relevant search keywords refer to medical service content that the above medical institutions do not have qualifications. (Source: Tencent Technology)

　　Comment: Can't this problem be completely solved?

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