Laogao E-commerce Newsletter on September 14th

　　#Laogao E-commerce Newsletter# [E-commerce Morning News on September 14] 1. Alibaba's stock price hit a record high, with its market value breaking the 450 billion US dollars mark for the first time; 2. Zhejiang's judgment on infringement of citizen information: 700 million pieces of personal information were leaked; 3. JD senior executives stepped down without replying to emails 24 hours a day? Liu Qiangdong clarified the truth; 4. Alibaba's annual meeting dominated the screen overseas, and foreign media said that the economy's ambitions will be achieved; 5. The delay in shipment of iPhone X may cause damage to Apple's first-quarter performance.

　　1. Alibaba's stock price hits a record high, with market value breaking the $450 billion mark for the first time

　　Alibaba's stock price rose 2.16% again to $179.10 on Wednesday, U.S. time, and Alibaba's market value also exceeded $450 billion for the first time. Alibaba recently announced that it will hold the "Super September" event worldwide on September 20 this year. The purpose is naturally to help small and medium-sized enterprises reduce international trade barriers in a safe and low-cost way, and gain huge business opportunities and more opportunities in the international procurement process. (Source: IT Home)

　　2. Zhejiang Judgment of Infringement of Citizen Information: 700 million pieces of personal information were leaked

　　Recently, the Songyang County People's Court of Zhejiang Province ruled in the first instance that a major infringement of citizens' personal information was leaked, and more than 80 million citizen information was trafficked. Through investigation and inquiry of bank fund transactions, the local police bureau found that Liao Moubin, a Jiangxi native, had committed illegal acts of selling personal information of citizens such as pregnancy tests, banks, and car owners online. His previous family was Wang Mouquan, a Fujian native and Cheng Moulong, a Hebei native. In addition to the above three people, there is also a gang formed by Chen Mouliang, Wang Mouhui, Du Mouyao that illegally sells personal information, and a chat group was specially established on QQ for the sale and exchange of personal information. Among them, Chen Mouliang also mailed dozens of complete bank cards to Taiwan through disguised mailing bags by Ant Moving. After many efforts, the police successfully intercepted 22 bank cards that have been mailed to Taiwan that have not been distributed. In October 2016, the public security organs closed the net and arrested all the people involved in the case. They seized more than 200 million pieces of personal information of various citizens and more than 200 sets of bank cards on the spot.

　　3. JD senior executives stepped down without replying to emails 24 hours a day? Liu Qiangdong clarifies the truth

　　Recently, JD.com released the "JD.com's Iron Law on Personnel and Organizational Efficiency", which clearly states: "All managers must reply to any work request and emails that require approval within 24 hours. All managers must ensure that the phone is turned on and answered 24 hours a day to keep the communication channels smooth. For all needs, all employees need to solve the problem within 24 hours. If there are indeed difficulties due to special reasons, they need to clearly explain the solution timetable to the demand party. (Source: IT Home)

　　4. Alibaba's annual meeting dominates the screen overseas, foreign media said the economy will achieve its ambitions

　　Jack Ma's stunning performance imitating MJ not only shocked Chinese netizens, but also attracted high attention from foreign media. Recently, foreign media reported intensively about Alibaba's 18th anniversary annual meeting, saying that Jack Ma's dance steps are as gorgeous as Alibaba's stock price performance, and the positioning of the "economic" shows Alibaba's ambitions. Based on Alibaba's performance so far, this can be achieved. Alibaba Chairman Jack Ma said at the annual meeting that Alibaba is already a new type of economy. Economies in the past were defined by geographical location, but today new economies were born on the Internet. (Source: Tianxia Online Business)

　　5. iPhone X delayed shipment may cause Apple's first-quarter performance to suffer

　　In the early morning of September 14, Apple's highly anticipated iPhone X made a series of innovations, but the delay in shipment of the new smartphone could damage the company's sales during the holiday shopping season. The iPhone X will not start shipping until November 3, far later than September 22 of the iPhone 8. The 64 GB iPhone X starts at $999. For Apple, the delay in iPhone X shipment time could cause the company's sales in the first quarter, as orders will be pushed back into the next quarter. (Source: Sina Technology)

　　6. American retail giant Costco opens a second Tmall store with dual channels to embrace new retail and deepen its Chinese market

　　On September 13, 2017, the Tmall official flagship store of the US retail giant Costco was officially launched. In addition to the Tmall International store opened in 2014, this is Costco's second official flagship store on Tmall. It will fully embrace the Chinese market through the dual import channels of general import and cross-border import, and introduce advantageous categories including fresh food. According to information disclosed by Tmall, the Costco Tmall store will be launched this time. There are nearly 300 Skus in the early stage of opening. It will gradually expand its advantageous categories such as fresh food, home appliances, furniture, daily necessities, and red wine. Among them, the most popular private brand Kirkland Signature products will also gradually expand. Currently, Costco has listed nearly 500 skus on Tmall International, covering multiple categories such as food, wine, beauty, personal care, nutritional care, clothing, shoes and bags. (Source: Online Merchants)

　　7. JD.com integrates No. 1 store procurement system and says it does not involve personnel changes and layoffs

　　Yesterday afternoon, the e-commerce platform No. 1 Store sent a website message to the platform merchants, saying that the No. 1 Store will achieve joint procurement with JD.com and will stop the service agreement on the entire platform on October 8 this year. This news was interpreted by the outside world as the No. 1 store will close in October. There are speculations that "this time withdrawal symbolizes the official end of the era of No. 1 store" and "No. 1 store will become a simple traffic entrance." In response, JD.com said that it is currently leading the adjustment of the procurement system between No. 1 Store and JD.com, and the two parties will achieve joint procurement in the future and upgrade the supply chain. Specifically, No. 1 Store will share a full supply chain system including procurement, marketing, logistics, and services with JD.com. "The joint procurement of both parties is divided into two aspects. First, the self-operated brands of the two will reduce costs and improve efficiency through intensive procurement. Secondly, the original third-party merchants of No. 1 store can also simultaneously enter the JD Mall POP platform to achieve multi-channel development, pay a service fee, and operate on both platforms." (Source: NetEase Finance)

　　8. "HERMES" men's clothing on the blacklist 35 clothing is unqualified

　　On September 13, 2017, the Beijing Municipal Bureau of Industry and Commerce announced the results of the quality inspection of adult clothing in the circulation field, and a total of 35 clothing styles failed. Among them are many domestic and foreign "famous brands": "HERMES" men's jackets, "FENDI" women's sweaters with unqualified dimensions; "CARVEN Kafen" dress, "maje" overalls, "CLAUDIE PIERLOT" knitted T-shirts, CARVEN (Kafen) dress, "JOEONE" wool sweaters, "Claudie Pierlot" shirts, "CLUB MONACO" women's wool dress, "up and down" women's vest, "M2.MIDEC" windbreaker is cracked, "OLIVER GRANT" women's coats with light resistance and color fastness are unqualified, "JOEONE Jiumu Wang" wool sweaters pilling... Unqualified product list can be logged into the official website of the Municipal Bureau of Industry and Commerce to view. (Source: Beijing Evening News)

　　9. Dong Mingzhu joins hands with Jack Ma to go online. Lei Jun wants to join forces with Wang Jianlin to expand offline?

　　One has thousands of stores across the country that want to vigorously expand online, and the other has set off a fan economy online to start the road of offline expansion. Recently, Gree and Xiaomi have accelerated their expansion speed online and offline respectively. After Gree Electric Chairman Dong Mingzhu joined forces with Alibaba's leader Jack Ma to lock in the strategic goal of 10 billion yuan, there was news recently that Xiaomi Technology founder Lei Jun visited real estate tycoon Wang Jianlin, and the two sides may engage in cross-border cooperation. (Source: Securities Daily-Capital Securities Network)

　　10. Fengchao acquired CIMC e-stack for 810 million yuan

　　On the evening of September 13, China International Shipping Container (Group) Co., Ltd. (hereinafter referred to as "CIMC") issued two announcements. One is to sign a strategic cooperation framework agreement with SF Express Co., Ltd. (hereinafter referred to as "SF Express"), and the other is to sell its subsidiary CIMC E-commerce Logistics Technology Co., Ltd. (hereinafter referred to as "CIMC E-commerce") to Shenzhen Fengchao Technology Co., Ltd. (hereinafter referred to as "Fengchao Technology", with SF Express being one of its major shareholders). CIMC said that this will help CIMC and SF Express focus on their respective advantageous businesses and achieve strong cooperation to jointly promote the improvement of China's logistics efficiency and the improvement of logistics network. (Source: China Securities Network)

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