Laogao E-commerce Newsletter on July 21

　　#Laogao E-commerce Newsletter# [E-commerce Evening News on July 21] 1. Ma Huateng surpasses Wang Jianlin to become the second richest man in China; 2. Free shipping for Beijing over 88 yuan will no longer be limited to other cities; 3. Everyday Express counterattacks JD.com and urgently complain to the State Post Bureau; 4. Mr. Jack Ma gave a lecture in Africa: Chinese corporate experience can help African youth start businesses; 5. E-commerce giant Alibaba intervenes in Xianyu to layout offline used car 4S stores.

　　1. Ma Huateng surpasses Wang Jianlin to become the second richest man in China

　　On July 21, real-time data from Forbes Rich List showed that Ma Huateng surpassed Wang Jianlin with a net worth of US$33.7 billion, becoming the second richest man in China after Jack Ma. Ma Huateng's rise in ranking is due to Tencent's stock price hitting new highs. On July 20, Tencent Holdings (00700.HK)'s share price once hit the HK$300 mark, setting a record high (after the stock split). As of the close of the day, Tencent Holdings' share was HK$297, down 0.34%, with a market value of HK$2.8 trillion (approximately US$360.5 billion). (Source: Daily Economic News)

　　Comment: Tencent Empire is becoming more and more powerful.

　　2. Free shipping for Tmall Supermarket in Beijing for 88 yuan will no longer be limited to the limit. It will be promoted to other cities.

　　On July 21, Tmall Supermarket announced today that it would lift the weight limit in Beijing. As long as you buy it for 88 yuan or more, no matter how much it is, there is no need to increase the shipping fee. The courier at Tmall Supermarket will deliver the goods to your home for free. Previously, Tmall Supermarket implemented a free shipping fee of 88 yuan in Beijing and a weight limit of 50 kilograms. Although it met the needs of most consumers, if you buy a large number of heavy goods such as alcohol, beverages, rice, flour, grain, oil, and laundry detergent at one time, there is still a possibility of being overweight accidentally. According to Shao Xiong, operation director of Tmall Supermarket, Tmall Supermarket and Cainiao Alliance have continuously optimized the user experience through technical means. After calculation, the weight restrictions were first lifted in Beijing and will be promoted to other cities across the country in the future. (Source: Tianxia Online Business)

　　Comment: This is the benefit of economies of scale.

　　3. Everyday Express counterattacks JD.com and urgently complain to the State Post Bureau

　　According to July 21, there has been a recent progress in the news about JD.com's ban on Tiantian Express interface. On July 21, relevant personnel from Tiantian Express had urgently complained to the State Post Bureau that JD.com had seriously disrupted the market order. Tiantian Express emphasized that it has served the JD platform for more than 5 years. The postal industry consumer complaint data released by the State Post Bureau shows that Tiantian Express’s service quality showed a rapid upward trend in the first half of 2017. I deeply regret the absurd reasons given by JD.com in this incident. (Source: First Financial Network)

　　Comment: There must always be a referee.

　　4. Mr. Jack Ma’s lecture in Africa: Chinese corporate experience can help African youth start their own businesses

　　July 21 news, "The whole world is anxious and confused, but in Africa, I see people's enthusiasm." On July 20, Beijing time, Jack Ma said this at the University of Nairobi in Kenya, an African country, "I don't think there is anything to lose, because here everyone is not afraid of losing. There are so many problems in Africa, all of which are opportunities." This is Jack Ma’s first visit to Africa. He said that this trip was not to teach some experience, but to learn how to participate in global competition and cooperation more effectively in the future with young people in Africa. "I had a lot of imagination before coming to Africa, but after coming, I found it better than I thought." (Source: Tianxia Online Business)

　　Comment: Jack Ma preaches Africa.

　　5. E-commerce giant Alibaba intervenes in Xianyu's layout of offline used car 4S stores

　　July 21 news, recently, Xianyu used car business incubated by Alibaba's auction platform officially announced to enter the offline market. The offline integrated service center offline experience store "Aiche Xianyu used car" created by Xianyu used car in a platform model was launched in Hangzhou. It is planned to authorize more than 500 "used car 4S stores" within three years. (Source: China Securities Journal)

　　Comment: In the future, Xianyu used cars will connect Alibaba's hundreds of millions of consumers and the automobile industry related to car buying, selling and using cars, empowering industry car dealers.

　　6. Cross-border direct mail platform Haihuhai received 50 million yuan in Series A financing

　　The overseas official website direct mail cross-border e-commerce platform - Haihu Haitao officially announced that it has completed a RMB 50 million Series A financing jointly invested by well-known investment institutions such as Chenhai Capital and Hangzhou Huabei Investment Management Partnership. Wu Wentao, CEO of Haihu Ocean Shopping, emphasized that after the baptism of Double 11 and Black Friday in 2016 and the tempering of 618 this year, Haihu Ocean Shopping has grown steadily and has become the number one in this market segment. Direct mail for overseas official websites ensures the authenticity of the products on the basis of borrowing the quality system of well-known overseas official websites and brand websites, and also has the richest product library in the industry (3 million SKU). (Source: TechWeb)

　　Comment: In contrast, the SKUs of self-operated B2C model products in bonded areas are not rich, and can only gather in a small number of hot products. The buyers join the C2C model because of the endless number of fakes.

　　7. ZTO encountered lawsuits in the United States: exaggerating profit margin data during IPO

　　On July 21, ZTO Express and its IPO (initial public offering) underwriters recently encountered lawsuits saying that the company attracted investors by exaggerating profit margins. Morgan Stanley and Goldman Sachs led the IPO of ZTO on October 26, 2016, which raised $1.4 billion in the IPO. Birmingham Pension Fund filed a class action lawsuit against ZTO, Morgan Stanley and Goldman Sachs in Alabama court. The fund alleges that investment banks failed to discover ZTO's fake data. (Source: Sina Technology)

　　Comment: A large part of ZTO's business comes from Alibaba. The fund believes that ZTO adopts a "network partner" system to handle fast sending and receiving services with low profit margins, excluding businesses with weak profitability from the books.

　　8. Alibaba and Tencent finally entered the Fortune 500 in 2017

　　On July 21, Fortune magazine officially announced the ranking of the "2017 Fortune 500 companies". The Fortune Global 500 rankings are known as the "ultimate list" and have always been the most famous and authoritative list for measuring large global companies. Alibaba and Tencent are on the list for the first time, Alibaba ranks 462nd and Tencent ranks 478th. Judging from the revenue of top 10 companies, most of them are still traditional companies, especially energy companies, such as State Grid Corporation, China Petroleum and Chemical Corporation, China Petroleum and Natural Gas Corporation, Royal Dutch Shell Oil Company and ExxonMobil. Among them, only Apple is selected for the technology company. This is different from the global top 10 market cap rankings that previously announced, where technology companies account for the majority. (Source: Zhongguancun Online)

　　Comment: Work hard.

　　9. Evolution Robot launches catering welcome robot

　　July 21, Evolution Robot Company recently announced in Beijing that it has officially launched the catering welcome service robot Xiaopang, focusing on entertainment interaction and independent advertising writing functions, hoping to address the pain points of restaurant owners and solve the problems of traffic dilemma, marketing and labor costs. This move means that Evolution Robots are gradually improving their robot products and ecosystems to realize that robots enter the dream of human life. (Source: Interface News)

　　Comment: At present, commercial service robots are mostly gimmicks.

　　10. JD.com releases another measure to empower AI platform YAIR

　　On July 21, JD.com recently officially announced the launch of the YAIR (JD Y AI Platform for Retail Business) retail artificial intelligence algorithm platform, and will be fully opened to partners. This is another measure for JD.com to promote the fourth retail revolution, strive to build a retail infrastructure platform, and empower opening up to the outside world. YAIR is a Hebrew name, which represents "light" and "inspiration", and also represents the continuous innovation of retail supply chain management with the help of applied artificial intelligence technology. (Source: JD Blackboard Newspaper)

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