Laogao E-commerce Newsletter on October 9th

　　#Laogao E-commerce News# [October 9 E-commerce Evening News Brief] 1. Secretly fighting to win the "expensiveness" of Tmall, "reimbursed" and fired on JD.com; 2. If you don't look at this new store that has been successfully settled, there will be a risk of being cleared; 3. China's express delivery business volume has been firmly ranked first in the world for three consecutive years; 4. Lu Han and Guan Xiaotong announced their relationship and domestic mobile phones have become the final winner; 5. Three Squirrels' first store in Shandong will enter Taihua City, Weifang in November.

　　1. Secret fight to the openly fight Tmall "highest will be compensated" and starts fire on Jingdong's own business

　　The "Double 11" war is ignited, and Tmall has begun to compete with JD.com with its price advantage. On October 8, Tmall's "price will be compensated" service officially began. If the prices of goods purchased by consumers on Tmall are higher than those sold by JD.com under the same conditions, Tmall will compensate consumers for the price difference. Tmall's attack on JD.com aims at JD.com's self-operated products from the competition for brand owners, and price wars are still Tmall's usual way. In the view of industry insiders, Tmall's move shows its confidence in price and also reveals its evasion of the shortcomings of product quality. Price wars are a common means of competition among e-commerce platforms, but they have never been on the table. Now the private competition has entered the public level. (Source: NetEase Finance)

　　2. If you don’t look at this new store that has been successfully settled, there will be a risk of being cleared.

　　In order to improve the shopping experience of the platform consumers, upgrade consumption, and create more boutique brands, Tmall will conduct multi-dimensional business indicator assessments for new merchants. In order to ensure that the goods and services provided by new merchants meet Tmall requirements and effectively protect consumer rights and Tmall reputation, during the assessment period, the newly-occupied merchants will accept Tmall's assessment according to the assessment indicators for their main business categories. The completion of merchant indicators can be checked through the "New Merchant Data Board". If the main business category of the store has not completed the assessment indicators, the merchant must withdraw from Tmall's business within 15 days from the date of the expiration of the assessment period and properly handle the after-sales rights protection matters during the operation period. Otherwise, the merchant promises to accept Tmall's supervision of the store, clearance, deduction of deposits to deal with consumer rights protection and other handling measures. (Source: Tmall Rules)

　　3. my country's express delivery business volume has ranked first in the world for three consecutive years

　　The 9th of the month is the 48th World Post Day. In his speech on World Post Day, Ma Junsheng, Director of the State Post Bureau, said that since the 18th National Congress of the Communist Party of China, the total business volume and business revenue scale of my country's postal industry have increased by 3.6 times and 2.7 times respectively. The express delivery business volume has been ranked first in the world for three consecutive years, and its contribution rate to the growth of the global express delivery industry has reached 40%. (Source: Xinhuanet)

　　4. Lu Han and Guan Xiaotong announce their relationship and become the final winner

　　On the last day of the National Day holiday, a news about Lu Han confessing to Guan Xiaotong was flooded with Weibo and friends. However, while both sides were attracting attention, they unexpectedly made Huawei and VIVO popular. At 12 noon on October 8, actor and singer Lu Han posted a message on Weibo to confess his love to Guan Xiaotong. So far, the Weibo post has received more than 1.2 million comments, more than 3 million likes, and more than 500,000 reposts. Two minutes after Lu Han posted on Weibo, Guan Xiaotong also posted on Weibo. So far, she has received more than 1.4 million transfers, points and comments. It is worth noting that Lu Han and Guan Xiaotong are VIVO and Huawei mobile phone spokespersons respectively. On September 21, VIVO's first full-screen mobile phone vivo X20 was released, and Lu Han, Zhou Dongyu, Peng Yuyan and others served as spokespersons. Guan Xiaotong has been the spokesperson for Huawei NOVA new phones in October last year, and has continued to this day. (Source: Lianshang.com)

　　5. Three Squirrels' first store in Shandong will be located in Taihua City, Weifang in November

　　Three Squirrels Food Store will enter Taihua City, Weifang, Shandong No. 1 MALL. After the store is opened, it will become the first food store opened by Three Squirrels in Shandong. The store has an operating area of ​​260 square meters. It is understood that in September 2016, Three Squirrels opened the first food store in the country in Wuhu and began to enter offline. More than 50,000 people entered the store in one week after the first store opened, with a total sales of 1.1 million yuan. The well-known feature of the food store is that it uses more enthusiastic young people to serve consumers who are also young people. All the employees in the store wear uniform clothing, and eat bags full of toys and tasting bags are hung on their waists. Concerts, Cosplay dance parties and other activities for offline consumers are held every Saturday... (Source: Lianshang.com)

　　6. Will Amazon test its own express service? Former partners UPS and FedEx panic?

　　According to foreign media reports, Amazon is testing a new express delivery service, mainly targeting third-party sellers on the platform to solve the logistics link of its products from warehouse delivery to users' homes. This service was previously undertaking by express delivery partners such as UPS and FedEx. This means that Amazon will directly take over UPS and FedEx's express business on its platform, turning the previous partnership into a competitive relationship.

　　It is reported that Amazon calls the project "Seller Flex" and aims to enable free two-day delivery of more products on the platform. At the same time, after owning its own logistics and transportation, Amazon can save more costs and can directly collect parcels from the on-board warehouse for shipping, thus solving the problem of excessive accumulation of Amazon warehouses. (Source: Yibang Power Network)

　　7. Foreign media pay attention to China's five-year development achievements, such as Alibaba, has led the world

　　As October begins, foreign media's attention to China begins to heat up, and they continue to report on the changes and achievements that have taken place in China over the past five years. Mainstream media such as Tokyo Broadcasting Corporation of Japan, CNBC, and CNN in the United States focus on the development of China's high-tech Internet industry, saying that China has led the world in many fields, and companies such as Alibaba have become an example of the rapid development of China's Internet industry. (Source: Tianxia Online Business)

　　8. Campus express cabinet company "Leshou" has obtained more than 30 million yuan in investment from SF Express

　　LeShou, which opened a express service site at the school, announced its new financing news on the 5th, and received an investment of more than 30 million yuan from SF Express in the last round. Founded in 2013, Leshou mainly set up so-called service sites on campus - equivalent to express delivery outlets. Leshou cooperates with logistics companies such as SF Express and YTO to provide express delivery services. It currently covers nearly 200 schools and delivers about 150,000 copies per day, mainly for student receipt services. (Source: Curiosity Daily)

　　9. Former Yidao CEO Peng Gang: He resigned on September 30 and will not return to LeTV.

　　On the morning of the 9th of the month, former Yidao CEO Peng Gang confirmed that he had resigned from Yidao on September 30 and would no longer participate in any Yidao-related affairs; he would not return to LeTV if he had nowhere to go in the future. Previously, many media reported that Peng Gang would resign and return to LeTV. (Source: Sina Technology)

　　10. Tencent's stock price sets record Ma Huateng's personal wealth reaches US$39.6 billion

　　According to Forbes, Tencent's stock price hit a new high on the Hong Kong Stock Exchange last Friday. Specifically, the opening price was HK$353.4, the intraday high was HK$353.6, and the closing price was HK$352, up 0.74% from the previous trading day. This is Tencent’s highest record since its IPO in June 2004. Tencent’s stock price surge has also increased the personal wealth of its founder and chairman Ma Huateng.

　　According to Forbes real-time rich list data, Ma Huateng's personal wealth has reached US$39.6 billion, ranking 15th in the Forbes ranking, and is the second richest man in China. The first place is Evergrande Chairman Xu Jiayin, whose wealth value is US$41.7 billion, ranking 14th. In addition, the sharp rise in Tencent's stock price has also driven the scale of Ma Huateng Global Foundation to rise. (Source: Kuai Technology)

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