Laogao E-commerce Newsletter on September 18th

　　#Laogao E-commerce News# [E-commerce Evening News on September 18] 1. Tmall and Cainiao upgraded the Beijing Center strategy and hired tens of thousands of logistics experiencers; 2. Gree Electric Appliances is temporarily suspended today and said that Dong Mingzhu may invest in Tianjin FAW; 3. Yu Zhengjun served as Baidu CFO and was formerly the chief financial officer of Sina; 4. Overcoming Jack Ma, Ma Huateng and Xu Jiayin became China's new richest man; 5. JD Payment went abroad and went to Thailand for the first stop.

　　1. Tmall and Cainiao upgrade the Beijing Center Strategy and hire tens of thousands of logistics experiencers

　　If a Beijing consumer who placed an order at Tmall supermarket yesterday opened the express box, many people would see that a Tmall customized timer and a letter of employment are included with the box. The number displayed by the timer is the time spent on delivery. This is a logistics experience recruitment plan launched by Tmall and Cainiao in Beijing, and 10,000 consumers were selected in the first phase. As Tmall launches its dual-center strategy, Beijing's business experience continues to upgrade. Tmall has successively launched a series of fast delivery services such as half-hour delivery, one-hour delivery, half-day delivery, and same-day delivery. (Source: E-commerce Online)

　　2. Gree Electric Appliances is temporarily suspended today and said that Dong Mingzhu may invest in Tianjin FAW

　　Gree Electric Appliances is about to be suspended today because the media reported news about Zhuhai Gree Electric Appliances Co., Ltd. and resumed trading after the company publishes a relevant announcement. Today, media reported that Dong Mingzhu will invest in Tianjin FAW and Gree Electric will participate in the mixed reform of Luoyang bearings. (Source: Sina Weibo)

　　3. Yu Zhengjun served as Baidu CFO. He was formerly the chief financial officer of Sina.

　　On September 18, Baidu announced that Yu Zhengjun joined Baidu as the group's chief financial officer (CFO), and comprehensively led the construction, development and operation of Baidu's financial system. Report directly to Robin Li. Before joining Baidu, Yu Zhengjun had 13 years of work experience in Sina Group and Weibo. He served as Sina's Chief Financial Officer from 2007 to 2014, and has served as Weibo's Chief Financial Officer since 2015. (Source: Sina Technology)

　　4. Beyond Jack Ma, Ma Huateng and Xu Jiayin become China's new richest man

　　According to the latest data from Forbes, Xu Jiayin became China's new richest man with a net worth of US$39.1 billion, slightly higher than second-ranked Ma Huateng and third-ranked Jack Ma. China Evergrande rose 5.61% to 28.25 yuan per share. Half a month ago, Xu Jiayin's net assets had surpassed Li Ka-shing, ranking second in Asia, catching up with Jack Ma. (Source: Phoenix.com)

　　5. JD Payment’s first overseas stop to Thailand

　　Liu Qiangdong waved his hand and JD Payment went abroad and rushed to Thailand. Recently , JD.com Group, JD.com Finance and Thailand's well-known retail company Shangtai Group Co., Ltd. announced the establishment of two joint ventures in Thailand to provide e-commerce services and financial technology services respectively. This is an important move by JD Finance after emphasizing the "big payment" and "scenario expansion" strategy, and it is also a milestone event for JD Finance's "big payment" strategy to take root overseas. (Source: Rongwei Finance)

　　6. The transaction volume of the online retail list released in the six-year period is still growing rapidly

　　In the first half of 2017, my country's online retail transaction volume reached 3.1 trillion yuan, an increase of 34.8% year-on-year. In the first half of 2017, the number of online shopping users in China reached 516 million, a year-on-year increase of 7.5%. According to GMV calculation, Tmall is the first, accounting for 50.2%, a year-on-year decrease of 3%; JD.com is the second, accounting for 24.5%, an increase of 0.3% year-on-year; Vipshop is the third, accounting for 6.5%, an increase of 2.7% year-on-year. (Source: Internet)

　　7. Zhao Yingming, an elite in the retail circle, joined JD.com as vice president of the group

　　The Human Resources Department of JD Group officially issued a document on September 12, announcing that Zhao Yingming was appointed as Vice President of JD Group and reported to Professor Liao Jianwen (Ph.D), CSO (Chief Strategy Officer) of JD Group. Before this, Zhao Yingming served as general manager of Chengshang Group Co., Ltd. and special assistant to the chairman of Maoye International, responsible for the integration and operation of strategic projects. Zhao Yingming, who was formerly the deputy general manager of Wangfujing (Southwest District) in Chengdu and assistant to the president of Wangfujing Group, achieved outstanding performance of Wangfujing's growth in ten years under his leadership. (Source: Cover News)

　　8. The winner behind Heytea Hot: Scalper’s profit margin exceeds 60%, and he will make 50,000 yuan a month

　　"When Heytea was very popular, it sold more than 100 cups per day, and more than 80 yuan per cup. Now it can sell more than 50 cups a day," said a relative of the scalper. The average price of Heytea is about 23 yuan. According to him, their previous income exceeded 8,000 yuan per day, and their net profit was no less than 5,700 yuan, and their monthly profit could reach 170,000 yuan. Now, with both sales and selling prices lower, you can also make a net profit of about 1,800 yuan per day and a monthly profit of 54,000 yuan. (Financial Network)

　　9. The expiration of Amazon payment patent will indirectly affect order sales

　　Around 2000, Amazon successfully applied for a patent for one-click ordering, but online shopping consumers can greatly simplify the process of online shopping by placing orders with one-click ordering and avoid some of the complicated shopping intermediate links. After Amazon obtains the patent for this online shopping process, other companies will not be able to use a similar one-click ordering function unless they purchase the right to use from Amazon. Amazon 's one-click ordering can greatly optimize the user's shopping experience and become one of the special features of Amazon's online shopping service. Amazon also attaches great importance to this function and actively expands one-click ordering to other companies' businesses. It is worth mentioning that Amazon's patent right to place an order with one click has expired recently, which is undoubtedly good news for other e-commerce companies. Because e-commerce companies that have used this function before will not need to pay for it, and e-commerce companies that have not used this function can also apply this function. (Source: E-commerce Style)

　　10. Seven Wolves join hands with Fosun International to bid for the Swiss luxury brand Bally

　　According to Bloomberg, citing people familiar with the matter, the famous Chinese men's clothing company Sepwolf Group has joined hands with China Fosun International Group to propose a acquisition offer for the Swiss luxury company Bally International AG (hereinafter referred to as Bally), which is being listed for sale. Bally also attracted interest from Japanese trading company Itochu Corp., which also submitted a non-binding offer to Bally this week, people familiar with the matter said. (Source: Bloomberg)

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