Laogao E-commerce Newsletter on October 11th

　　#Laogao E-commerce News# [E-commerce Evening News Brief on October 11] 1. Alibaba established the "Dharma Academy" and introduced top scientists to invest more than 100 billion in R&D; 2. Before Double 11, Yunda ZTO Express increased its price; 3. Guo Guangchang, a second-generation Zhejiang businessman born in the 1990s, got married and witnessed the marriage. Zhang Xinzhe sang; 4. The year-end bonus of Honor of Kings reaches 100 months? Official response: Not true; 5. Preparation for Double 11: Merchants receive training two months in advance.

　　1. Alibaba established the "Dharma Academy" and introduced top scientists to invest more than 100 billion in R&D in three years

　　The suspense of the collective visit of many high-end scientists from around the world's largest visit to Alibaba was announced today: On the morning of October 11, at the 2017 Hangzhou Yunqi Conference, Alibaba Group officially announced the establishment of the "DAMO Academy", a physical organization carrying the "NASA Plan", to conduct basic science and disruptive technological innovation research. In the next three years, Alibaba will invest more than 100 billion yuan in technology research and development. Alibaba CTO Zhang Jianfeng (niao Ming Xingdian) announced the official establishment of Alibaba Damo Academy at the Yunqi Conference. (Source: Xinhuanet)

　　2. Before Double 11, Yunda ZTO Express increased its price

　　Yunda Express issued an announcement on its official website today stating that due to the rising labor, materials and operating costs, the express delivery price will be adjusted from now on. This is the second express delivery company to announce the price increase after ZTO. (Source: Sina Technology)

　　Netizens hotly discussed: Although price increases are trends, I hope that the service can keep up

　　3. The second generation of Zhejiang businessman born in the 1990s got married. Guo Guangchang witnessed marriage. Zhang Xinzhe sang.

　　A second-generation rich Zhejiang businessman born in the 1990s was married in Xinchang, Zhejiang. Guo Guangchang, the richest man in Shanghai, witnessed his marriage, and Zhang Xinzhe, the "Prince of Love Song" sang... The luxury level is dazzling! It is understood that the wedding was held by Wu Jinhua, the son of Zhejiang businessman Wu Liangding and Chen Ailian. Wu Liangding is the founder of three holding groups, Zhejiang Zhongbao Industrial, Wanfeng Aotte and Zhejiang Rifa, and is currently worth over 10 billion yuan. (Source: Pear Video)

　　Netizens heatedly discussed: "There is no one else in this situation!" "I'm sorry, it's poverty that restricts my imagination."

　　4. The year-end bonus of Honor of Kings reaches 100 months’ salary? Official response: Not true

　　Someone in Maimai’s anonymous area revealed that the year-end bonus of the Honor of Kings team reached 100 months’ salary. There was a reply: "Most of them are 120 months, the lowest is 100 months." Sina Technology asked Tencent Games for confirmation of this matter, and the other party said the news was not true. "Q4 quarter just started, how could it be possible to announce the year-end bonus now?" (Source: Sina Technology)

　　Official response:

　　Netizens have hotly discussed: It’s not fair. I invest more time in Honor of Kings every day than their employees!

　　5. Preparation for Double 11: Merchants receive training two months in advance

　　During this period, browsing social media such as Weibo has found that many internet celebrity shop owners and models are busy preparing for Double 11. Internet celebrity Xueli showed off her pregnant belly on her personal Weibo and did not forget to call her for Double 11, saying that she hoped to take a photo of Double 11. Taobao model Weinini, who has 1.45 million fans, revealed that she has now started to cut videos on Double 11. A Taobao merchant in Zhengzhou told TechWeb that around mid-September, Taobao University and Laogao E-commerce Classroom had also begun to train merchants participating in Double 11. "The main content of the training is preparation, promotion, review, etc. for Double 11." Searching the keyword "Double 11" found that at present, some merchants on Taobao have started pre-sales of Double 11, covering clothing, household appliances, and some tourism products, etc., but most merchants have not yet begun discount activities for Double 11. JD.com and Suning platforms have not yet had Double 11 related activities. Some Gome products have promoted "Double 11" promotion, but there are very few categories.

　　6. JD Vice President Zhao Yingming: No matter how it becomes cost, efficiency and experience will not change

　　On October 11, Zhao Yingming, vice president of strategy at JD.com, brought the speech of the fourth retail revolution of Borderless Retail. Zhao Yingming believes that during the entire process of retail changes, we think that the core of retail will not change at all. There are three keywords that will not change at all, namely cost, efficiency and experience. First of all, they have their own advantages in cost, and secondly, they have their own advantages in experience. In the last dimension, efficiency is indeed higher than offline. (Source: Lianshang.com)

　　7. Top 10 cashless countries in the world: China is sixth, Japan is ninth

　　Foreign media reported on the top ten cashless countries in the world, with Canada, Sweden and the United Kingdom ranking among the top three. China ranks sixth. Although many standards have received high scores, credit card usage is low and cash is still very popular. Non-cash payment methods only account for 10% of the total consumption. The other six countries on the list are: France, the United States, Australia, Germany, Japan and Russia.

　　Netizens have hotly discussed: The top few people use credit cards and have no cash. If it is electronic payment, it is definitely the top Chinese brand

　　8. JD.com launches luxury e-commerce platform Siku.com to fall more and more

　　On October 11, the stock price of luxury goods e-commerce Secoo.com (NASDAQ: SECO) has fallen sharply since it went public on Nasdaq on September 22 this year. Just after JD.com announced the launch of its new luxury e-commerce platform Toplife to attract high-end consumers on Tuesday, investors seemed to feel the huge competitive pressure faced by Secoo.com. This move also caused Secoo.com to suffer another heavy blow, and its stock price also fell by 10.6% on Tuesday. (Source: Tencent Technology)

　　9. To attract adults, Greegao launches snacks

　　A high-end snack under GreeGo, which is priced three times that of Bacchi, has recently updated its product ingredient list. In addition to high-quality raw materials such as Ecuadorian cocoa beans and Hokkaido milk powder, it has added fermented butter to enhance the taste and other flavor seasonings. At the same time, Greego also launched seasonal flavors such as purple potatoes and chestnuts for autumn, which are only sold in Takashimaya Department Stores in Kyoto and Osaka. The packaging of Baton d'or is slightly different from the rectangular box of ordinary Gree Gao snacks. The outer packaging design adds curved lines and more stable burgundy, dark green and navy, which does look in line with its "adult snacks" setting. (Yibang Power Network) [Burberry Supermarket has accumulated 5 million new customers every day, fully preparing for the 2017 Tmall Double Eleven] When many luxury brands began to extend their tentacles to e-commerce, Burberry and Tmall have started a new round of cooperation. September 24 is Burberry's Tmall Super Brand Day. Empowered by Alibaba's big data, Burberry's sales on that day were nearly five times that of usual, with the shipment rate of single products on the show reaching 50%, nearly 1,000 people added purchases and collected, and nearly 5 million high-end and fashionable people were accumulated. On the upcoming Double Eleven, Burberry said it will continue to carry out deeper comprehensive cooperation with Tmall, including all fields, all channels, integrated marketing and new retail. (Source: Tianxia Online Business)

　　10. Baidu's stock price surge hit a record high and market value exceeds US$90 billion

　　On the evening of the 10th of the month, US stocks opened higher, the Dow Jones Industrial Average opened at a record high, the S&P 500 rose above the 2,552.51 point level, a record high, and Chinese stocks listed in the US also showed a general upward trend, with Baidu rising sharply for two consecutive days and setting a new record in market value. At the opening on Tuesday, Baidu was $245.36 per share, with a maximum of $259.83 per US stock, setting a 52-week high, with an intraday market value once exceeding $90 billion. (Source: Tencent Technology)

　　Netizens have hotly discussed: I hope everyone can see the other side of Baidu. Apart from some black spots, Baidu is doing a good job in artificial intelligence, and they also rely on their strength.

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