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Laogao E-commerce Newsletter on July 26

2017-07-26

  #Laogao E-commerce News# [E-commerce Evening News on July 26] 1. Chinese central enterprises have built e-commerce platforms for more than 1.4 trillion yuan in transactions last year; 2. If the WeChat change balance exceeds 5,000 for 10 consecutive days, you need to upload your ID card; 3. Lei Jun: Xiaomi Home's revenue is expected to reach 70 billion in three years; 4. JD.com's prosperity will be held; 5. Suning.com will establish the first courier festival on August 18.

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  1. Chinese central enterprises build e-commerce platforms transactions exceeded 1.4 trillion yuan last year

  The Central Enterprise E-Commerce Alliance initiated by 14 Chinese central enterprises held its founding meeting in Beijing on the 26th, committed to creating a new platform for cross-border cooperation and achieving win-win cooperation among central enterprises in e-commerce. According to data provided by the China E-commerce Research Center, the transaction size of China's e-commerce market in 2016 was RMB 20.2 trillion, an increase of 23.6% year-on-year. (Source: Yibang Power Network)

  2. If the WeChat change balance exceeds 5,000 for 10 consecutive days, you need to upload your ID card

  According to July 26, many "rich" netizens recently received a reminder that WeChat change has exceeded 5,000 yuan for 10 consecutive days, and they need to upload their ID card photos before they can use the WeChat payment function. In response, WeChat stated that it was implemented in accordance with the provisions issued by the Central Bank of China on the "Regulations on Anti-Money Laundering and Anti-Terrorism Financing of Payment Institutions". (Source: E-commerce News)

  3. Lei Jun: Xiaomi Home's revenue is expected to reach 70 billion in three years

  On July 26, Xiaomi Technology founder Lei Jun said at the Xiaomi new product launch conference that Xiaomi’s offline retail store Xiaomi Home has opened 149 stores in the past year and a half, covering forty or fifty cities, and there is hope to open 1,000 stores in the next three years.

  "I calculated that the annual turnover of 1,000 Xiaomi Homes may reach 70 billion, which will be the birth of a powerful new retail model." Lei Jun said that Xiaomi's annual revenue target this year is 100 billion yuan, and there is a great possibility of achieving this goal. (Source: Tencent Technology)

  4. JD Drone Flight Service Center's grand era begins

  On July 26, JD.com held a press conference in Suqian, Jiangsu, announcing that JD.com's UAV Flight Service Center was officially opened. JD UAV Flight Service Center is affiliated to JD X Business Department. The center integrates drone research and development, testing, operation and scheduling, maintenance, talent training, logistics and distribution and other functions. It is a global smart logistics operation and dispatch center and is also a talent training and delivery base for high-end smart logistics drone. (Source: JD X Business Department)

  5. Suning.com established the first courier festival on August 18

  According to July 26, at the 818 Fever Shopping Festival press conference, Suning.com President Hou Enlong announced the establishment of the first courier festival, which will be held on August 18. (Source: Yiou)

  6. Tencent Credit and Mobike get monthly card

  On July 26, Tencent Credit and Mobike recently launched the "Tencent Credit Free Monthly Card, Free 30 Days" event. Mobike users can get a Mobike monthly card for free through this event. It should be noted that if users who have participated in other monthly card delivery activities before, they cannot participate in this event again. The deadline for this event is July 31, and the monthly card validity time is within 30 days from the date of receipt. However, if the free monthly card received during use, if the user retrieves the deposit, the free monthly card received will be invalid immediately. (Source: IT Home)

  7. Ofo airborne Didi executives. Is this going to take over?

  Didi sent senior vice president Fu Qiang to join ofo as ofo's executive president and reported directly to Dai Wei; and sent financial director Leslie liu to be in charge ofo's financial department.

  Since then, Didi Chuxing issued a statement to confirm the news, "As a firm strategic investor, Didi is very willing to provide support to outstanding entrepreneurs like Dai Wei and ofo. Fu Qiang and Liu Sensen are both excellent managers who have grown rapidly in Didi's development process. I believe that their rich management experience can contribute to the subsequent development ofo. In the future, Didi will continue to provide full support to ofo in terms of capital, talent, technology and operations, and collaborative innovation. (Source: NetEase News)

  8. Amazon will enter the Singapore market this week

  July 26th news, according to foreign media reports, later last year, there were rumors that Amazon was preparing to enter the Southeast Asian market in 2017, and the first stop was selected as Singapore. After more than half a year of preparation, rumors from the outside world are about to become reality. Amazon will enter the Southeast Asian market this week, and the first stop is the rumored Singapore. (Source: TechWeb)

  9. Alibaba and Paytm plan to invest in Indian e-commerce Bigbasket for US$200 million

  On July 26, Bloomberg quoted reliable information from several people familiar with the matter today, saying that Alibaba and its Indian partner Paytm E-commerce are negotiating to invest about US$200 million in the Indian department store Bigbasket to acquire about 20% of its shares. Alibaba and Paytm have signed a 60-day exclusive agreement with Bigbasket and are currently conducting due diligence, the person familiar with the matter said. Alibaba and Paytm may invest in partnership or separately. (Source: TechWeb)

  10. Gaode Map and more than 100 cities establish cooperation on "smart transportation"

  On July 26, the 2017 (second) "Internet + Urban Traffic Management Innovation" forum, guided by the Ministry of Public Security's Traffic Management Bureau and co-organized by the Institute of Traffic Management Science of the Ministry of Public Security, Gaode Map and Sina Weibo, was held in Beijing.

  It is reported that with the guidance and support of the Ministry of Public Security Traffic Management Bureau, the Ministry of Public Security Traffic Management Science Institute and other units, Gaode Map has established cooperation in the construction of "smart transportation" with more than 100 cities in China, including Beijing, Shanghai, Guangzhou, Shenzhen, etc. (Source: China Securities Network)


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