#Laogao E-commerce Newsletter# [May 17 E-commerce Morning News Brief] 1. The Food and Drug Administration randomly inspected 3 batches of food that failed to meet the requirements of Feiniu.com and others on the blacklist; 2. Express pollution: less than 10% of packaging recycling, and it is difficult to degrade tape; 3. Jack Ma replaced Wang Jianlin as China's richest man with a net worth of about US$30.9 billion; 4. Sichuan Airlines and Alibaba launched the Alipay call payment function; 5. Storm pirated "The Voice of China" was sentenced to 6.06 million yuan in compensation.

1. The Food and Drug Administration randomly inspected 3 batches of food that failed to meet the requirements of Feiniu.com and others on the blacklist
On May 17, according to the website of the State Food and Drug Administration, the State Food and Drug Administration recently organized the sampling of 478 batches of samples of seven types of food, including grain processing products, edible oils, oils and their products, biscuits, convenience foods, and 475 batches of samples passed the sampling and inspection project, and 3 batches of samples failed. Unqualified products have been detected on e-commerce platforms such as Tmall, Feiniu.com, and JD.com. (Source: China News Network)
Comment: Never believe in the conscience of a businessman.
2. Express delivery pollution: less than 10% packaging recycling, tape degradation is difficult
On May 17, recently, the "Green Express to Colleges and Universities" activity jointly initiated by the State Post Bureau and the Central Committee of the Communist Youth League was launched at the same time in six universities across the country. The event advocates saying "no" to non-environmental and toxic and harmful express packaging materials, and gives priority to the use of non-toxic, harmless, degradable, and recyclable online shopping goods and express packaging; adhere to rational consumption, advocate reduced volume life, consciously choose moderate packaging, and refuse to pay for excessive packaging. (Source: Economic Reference News)
Comment: It is the obligation of every responsible company to contribute to sustainable development.
3. Jack Ma replaced Wang Jianlin as China's richest man with a net worth of about US$30.9 billion
On May 17, Forbes recently announced that Alibaba Chairman Jack Ma surpassed Wanda Group Chairman Wang Jianlin and became the richest man in China. As of last Friday, data showed that Jack Ma's net worth was about US$30.9 billion, equivalent to about RMB 213 billion; while Wang Jianlin's net worth was about US$30.7 billion, equivalent to about RMB 211.5 billion.
Comment: When can the richest man change a new person?
4. Sichuan Airlines joins forces with Alibaba to launch Alipay call payment function
On May 17, Sichuan Airlines and Alibaba Alipay launched the new Alipay call payment function. When a passenger calls Sichuan Airlines Call Center 95378 to handle payment services, he or she only needs to provide the Alipay account name and account name to initiate payment. The entire process is completed on the APP, and it also supports various payment methods such as Yu'ebao, credit cards, etc.! (Source: Phoenix.com)
Comment: Safety issues are a big deal.
5. Storm pirated "The Voice of China" was sentenced to pay 6.06 million yuan
On May 16, the Shijingshan District People's Court of Beijing announced a verdict on a series of cases involving the storm infringement of Tencent's "The Voice of China (Season 3)" information network dissemination rights. The ruling sentence of Storm Company's unauthorized broadcast of programs constitutes infringement, and Tencent Company will be compensated with economic losses of 6.06 million yuan in accordance with the law, and the compensation amount for each program is 1.01 million yuan. (Source: Sina Technology)
Comment: It is because of the imperfect laws that there are so many quarrels.
6. Vipshop splits Internet finance business and reorganizes logistics business
According to May 17, Vipshop today released its unaudited first-quarter financial report as of March 31, 2017, exceeding the expectations of many analysts on Wall Street. At the same time as Vipshop's first-quarter financial report was announced, Vipshop officially announced the split of Internet finance business and reorganization of logistics business to create a new business growth engine. This means that Vipshop will create a strategic matrix composed of three major sections: e-commerce, finance and logistics. Vipshop Chief Financial Officer Yang Donghao also said that we announced that Vipshop will start to implement the spin-off of Internet finance business and the restructuring of logistics business. (Source: Interface)
Comment: There are many newcomers, and Vipshop is in trouble.
7. Is the radical LeTV back? The first recommendation of the concept of "shared TV"
According to Sina, at the LeTV New Product Launch Conference yesterday, LeTV New President Liang Jun said, "LeTV will launch shared TV." Liang Jun introduced that the sharing concept of LeTV shared TV refers to allowing users to use their super TV to participate in operations and create value (advertising, shopping, etc.), while Super TV shares the value created by users through ecological subsidies to members and share value with users in the form of super film and television members. He pointed out that "our sharing model is not to make high profits, but to make high flows, form purchasing habits, allow users to stick to TV and become users' lifestyle." (Source: Wall Street News)
Comment: I don’t understand how to be harsh.
8. Today's Volcano short video incubated by Toutiao will receive 1 billion yuan to subsidize short video content
On May 16, Volcano Video incubated by Toutiao announced that it would provide 1 billion yuan in subsidies for short video content in the next year. The specific subsidy includes two parts: one is Firepower cash subsidy. Each short video uploaded by each user will receive cash subsidies as long as it meets high-quality and original standards. Second, we will launch specific training plans for experts with particularly high-quality content and provide long-term traffic support. Firepower is the evaluation system of the Volcano small video platform. The system's algorithm calculates the viewing behavior and interactive data of the short video to comprehensively obtain the firepower value. Sun Zhi, the product manager of Volcano Short Video, revealed that users can withdraw cash at any time. (Source: Tencent Technology)
Comment: In short, spend money.
9. Weibo releases its first quarter financial report for 2017
According to May 17, Weibo Company released its unaudited financial report for the first quarter ended March 31, 2017 in May 16. The report shows that Weibo's net revenue increased by 67% from the same period last year to $199.2 million, surpassing the company's expectations of $185 million to $190 million. Net profit attributable to Weibo increased by 561% from the same period last year to US$46.9 million. (Source: Sina Technology)
Comment: Sometimes when observing a company, you cannot just look at how much money it makes, but also look at it in the long run.
10. China Auto Rental announced its first quarter results: total revenue of 1.66 billion
According to May 17, 36Kr recently learned that China Auto Rental released its first quarter financial report for the 2017 fiscal year today. Financial report data shows that in the first quarter of fiscal year 2017, China Auto Rental's total revenue reached 1.66 billion yuan; of which the core business car rental revenue was 890 million yuan, a year-on-year increase of 29%; business volume increased by 63% year-on-year, a growth rate of 5 years high; and net profit was 210 million yuan. China Auto Rental stated that the company's core operating indicators maintained a strong momentum and achieved continuous profitability. (Source: 36Kr)
Comment: Compared with competitors, the coordinated development of Shenzhou Car Rental and Shenzhou Special Car and Shenzhou Youche businesses under Shenzhou Group have brought it certain competitiveness.
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