Laogao E-commerce Newsletter on June 1st E-commerce Morning News

　　#Laogao E-commerce Newsletter# [E-commerce Morning News on June 1] 1. South Korea's New World Group confirmed that Yimaide Supermarket will withdraw from China in full; 2. Electrical and mobile phones kick off the prelude of Tmall's 618 billion yuan welfare; 3. Where is the supervision of "magic drugs" in the circle of friends? 4. Alibaba Cloud responds to data security questions: it will not view customer data; 5. Jiangsu issues "urgent documents" requiring comprehensive regulation of government debt financing behavior.

　　1. Korea New World Group confirmed: Yimaide Supermarket will withdraw from China in full

　　On June 1, Zheng Rongzhen, vice president of South Korea's New World Group, said on the 31st that the group's Yimaide Supermarket will completely withdraw from the Chinese market. It is reported that Yimaide Supermarket first entered the Chinese market in 1997 and has a 20-year operating history in China. Analysts believe that failure to localize stores and brands is the main reason for its withdrawal from China. After South Korea deployed the THAAD, Sino-South Korea relations continued to be tense, which made Yibude no longer expect to withstand more setbacks. (Source: Finance Network)

　　Comment: Being able to localize stores and brands is the main reason for its withdrawal from China.

　　2. Electrical and mobile phones kick off the prelude of Tmall 618 billion benefits

　　In the early morning of June 1st, with Tmall's big investment, this year's "Tmall 618 Ideal Life Carnival" will become the best time for mobile phone digital enthusiasts to shop in the near future. From June 1st to 3rd, Tmall will join hands with high-quality 3C home appliances and mobile phones to give in to 10 billion yuan. During Tmall 618 from the 1st to the 20th, Tmall will also cooperate with brands to provide more unprecedented discounts. Pan Zhiyong, general manager of Tmall Mobile, even posted on Weibo: "During the 618 period, the price of iPhone on Tmall is guaranteed to be the best online. I will announce our cross-industry super discount later." At present, many mobile phone and home appliance brands have announced their participation in Tmall 618 on Weibo. (Source: Tianxia Online Business)

　　Comment: Although there is no price war, the most important method in the e-commerce industry is still to compete for prices.

　　3. Where is the supervision of "magic medicine" in the circle of friends?

　　June 1st news, recently, the reporter saw someone selling a pill known as "bringing boys and girls as you wish". It is said that if you want to have a boy, you should use "male medicine" and if you want to have a girl, you should use "female medicine" and it is sought after by many people. The reporter called Mr. Li, a salesperson of the company as a consumer. Mr. Li said that this medicine includes "male medicine", "female medicine" and external medicine. Women start taking it 15 days before menstruation, 4 pills a day. After taking it for 2 months, apply external medicine when having sex, and you can get your wish to give birth to a boy or a girl. "To ensure that in case, we will prepare a dose of 2 more months for the customer." He said that if he cannot get pregnant for 4 months, it is likely that he has physical problems, so it is best to go to the doctor to find the reason. (Source: Wuhan Evening News)

　　Comment: What should I do if I get bad? Strengthen supervision. Consumers cannot renew these pseudosciences either.

　　4. Alibaba Cloud responds to data security questions: It will not view customer data

　　On May 31, today, Alibaba Cloud customer Feige Travel technician questioned the data security of Alibaba Cloud services on WeChat Moments, saying that Alibaba Cloud can view important customer data, so the company has switched the data to an independent server. In response, Alibaba Cloud responded: All Alibaba Cloud programs will not view the customer key and server certificate, nor will they detect the port traffic data of the client server. At present, Alibaba Cloud has made a public technical explanation and stated that Alibaba Cloud has always regarded protecting customer data privacy and data security as a lifeline. Without the authorization of the customer, Alibaba Cloud will never view customer sensitive data without authorization, including but not limited to port traffic, private keys, PKI key ciphertexts, etc. (Source: Yibang Power Network)

　　Comment: When it comes to professional skills, most people who are on the gossip do not understand it, it depends on public relations.

　　5. Jiangsu issued a "Emergency Document" requiring comprehensive regulation of government debt financing behavior

　　On May 31, the Jiangsu Provincial Department of Finance and several departments forwarded the "Notice on Further Standardizing the Financing Behavior of Local Governments" in the form of "Emergency Documents" and put forward supplementary opinions at the provincial level. According to the supplementary opinions of Jiangsu Province, on the one hand, it is required to speed up the rectification of government financing guarantees, and it is clear that "people's governments of all prefecture-level cities, counties (cities)" are the responsible entities for this cleanup and rectification work. It is required that all localities establish detailed ledgers for rectification work, and comprehensively record and accurately reflect the rectification work. (Source: 21st Century Business Herald)

　　Comment: Finance is really not fun.

　　6. From June 7th, a large number of stores may be frozen in Wish

　　According to June 1st, Wish recently issued a new policy for free investment, starting from May 1, 2017, orders that meet the following two conditions at the same time: 1. The total price of the product unit price and freight is US$10 or above; 2. Deliver to the United States, France, Germany, or the United Kingdom and other places. A logistics service provider approved by Wish must be used and the logistics must be able to provide logistics tracking information for the last journey. These orders must have proper submission information from the logistics service provider within 30 days. Starting from June 7, 2017, merchant accounts that do not comply with this policy will face the risk of suspension of transactions. (Source: Yien.com)

　　Comment: A 95% appropriate rate, arrive within 30 days, UK, France, the United States and Germany, the new policy assessment is so strict, can everyone meet the standards?

　　7. Yidao Car will be fully opened to driver withdrawal on June 29

　　According to June 1st, Yidao Car issued a statement yesterday, explaining the issue of Yidao driver withdrawal. Yidao said that the company will fully open online withdrawal on June 29 and apologize for the delay in withdrawal of drivers. At the same time, the company also said that it is promoting financing matters in an orderly manner and is currently in the implementation stage. The relevant specific situation will be announced at an appropriate time. (Source: Sina Technology)

　　Comment: Can you overcome this difficulty?

　　8. China's shopping party has the strongest strength, accounting for nearly 40% of the world's e-commerce transactions

　　In the early morning of June 1, the "China E-commerce Report (2016)" was released recently. The report showed that in 2016, China's e-commerce transaction volume was 26.1 trillion yuan, an increase of 19.8% year-on-year, and the transaction volume accounted for about 39.2% of the global e-commerce retail market. It is understood that the number of netizens in China reached 731 million, with a penetration rate of 53.2%, and the number of online shopping users reached 467 million, accounting for 63.8% of netizens, an increase of 12.9% from the end of 2015. It is worth mentioning that the number of mobile online shopping users reached 441 million, accounting for 63.4% of mobile Internet users, with an annual growth rate of 29.8%. (Source: Tencent)

　　Comment: China has huge consumption potential and is changing from a world factory to a world consumer power.

　　9. The State Council issued a notice to combat intellectual property infringement and the Internet field as the focus

　　On June 1, in 2017, the national work on combating infringement of intellectual property rights and the production and sale of counterfeit and shoddy goods must conscientiously implement the spirit of the 18th National Congress of the Communist Party of China and the Third, Fourth, Fifth and Sixth Plenary Sessions of the 18th Central Committee of the Communist Party of China, conscientiously implement the decisions and deployments of the Party Central Committee and the State Council, and combine the promotion of supply-side structural reforms to severely crack down on infringement and counterfeiting crimes that affect intellectual property protection, hinder fair competition, and infringement of the legitimate rights and interests of consumers and rights holders in accordance with the law, create a law-based business environment, and provide strong guarantees for the implementation of the national innovation-driven development strategy, the national intellectual property strategy and the "13th Five-Year Plan" National Intellectual Property Protection and Application Plan, and promote stable and healthy economic development and social harmony and stability. (Source: China Government Website)

　　Comment: Only by creating a fair competitive environment can we better promote business development.

　　10. The Queen of the Internet Report: WeChat accounts for nearly 30% of Chinese mobile phone users’ usage time

　　In the early morning of June 1, Wall Street Securities analyst Mary Meeker, known as the "Queen of the Internet", released his 2017 Internet Trends Report at the Code Conference in the United States. This is also the 22nd time she has released this annual Internet report. According to a report released by Mikel, WeChat accounted for about 29% of the average time users spend on mobile applications on average in April this year. The report said that the average Chinese user spends about 3.1 billion hours per day on mobile applications and about 900 million hours on WeChat. Mikel's data comes from QuestMobile, a domestic mobile big data service provider. (Source: Tencent Technology)

　　Comment: Chinese smartphone users use WeChat far more than any other mobile application.

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