Laogao E-commerce Newspaper on October 19th

　　#Laogao E-commerce Newsletter# [October 19 E-commerce Morning News Brief] 1. Taobao’s new regulations are released and fake merchants may be deducted from deposits; 2. In order to attract Chinese tourists, nearly 80% of taxis in New York are connected to Alipay; 3. Competitiveness report of fresh graduates: the average salary of fresh graduates is 5,074 yuan; 4. Prada will promote e-commerce platforms in China; 5. Yintai Taobao membership code is online nationwide.

　　1. Taobao’s new regulations are released and counterfeit merchants may be deducted from margin

　　Taobao has added new penalties for counterfeit merchants, and the penalties mainly make two adjustments to the use of consumer security deposit: 1. Restriction on unfreezing of margin; 2. Deduction of margin. This rule will deal with illegal stores accordingly, which will enable stores that operate legally and honestly to obtain relatively more traffic. The rules will be announced on October 17 and will officially come into effect on December 1. (Source: Taobao Rules)

　　Hot comments from netizens: Those who really sell fake goods are nothing more than an extra fine cost, which has little impact, after all, high profit support. Many sellers are maliciously complained about fake sales for infringement of various intellectual property rights such as pictures, which is the most unfair thing!

　　2. In order to attract Chinese tourists, nearly 80% of taxis in New York are connected to Alipay

　　On October 18, Alipay and its partner Verifone announced that 16,000 taxis will be connected to Alipay in the United States, covering New York and Las Vegas. It is understood that New York and Las Vegas are the most popular American cities among Chinese tourists, and paying taxi fares with Alipay will bring convenience to Chinese tourists. This is not only a mobile payment method they are familiar with, but also a way to avoid communication troubles of not being able to speak English. After that, 16,000 taxis will be connected to Alipay, covering New York and Las Vegas! (Source: Kuai Technology)

　　Hot comments from netizens: Please also connect to the uber lift... Can't afford to take a taxi

　　3. Competitiveness Report of Fresh Graduates: The average salary of Fresh Graduates is 5,074 yuan

　　A recruitment platform recently released the "2017 College Fresh Graduates Competitiveness Report". In 2017, the average salary of fresh graduates in colleges and universities across the country was 5,074 yuan, an increase of 14.1% year-on-year, and the average salary of graduates of double first-class colleges and universities was 6,018 yuan. Another report shows that consumption upgrades drive wages to rise, and e-commerce massage and private training salaries have increased rapidly. (Source: Beijing Morning Post)

　　Hot comments from netizens: Sorry, I'm dragging you down again!

　　4. Prada will promote e-commerce platforms in China

　　Recently, Stefano Cantino, director of strategic marketing at Prada Group, said that Prada’s top priority in China is to establish its own e-commerce platform and channels, and then consider third-party retail e-commerce platforms. Cantino said, "We have recently made improvements to the digital department at the headquarters and subsidiaries. We have appointed a new director at the Milan headquarters to be responsible for the group's digital transformation. We have also established an e-commerce platform, and e-commerce platforms in China and other regions in Asia will be officially launched by the end of this year. E-commerce is not only used as a sales channel itself, but also hopes to establish new conversations with potential consumers through this channel, especially the younger generation. It is expected that by the end of this year, the e-commerce channel will account for 5% of total sales, and it is expected to account for a larger proportion in the future. At the same time, we do not plan to reduce the physical sales network in China. The main goal is to better interact and integrate online and offline. We have considered integrating China's e-commerce and physical store retail into one channel. In addition, the digital part of media expenditure will account for 40%, which is not far from this goal at present." (Source: 21st Century Business Herald)

　　5. Yintai Taobao membership code is online nationwide

　　On October 18, Yintai Taobao membership code was launched nationwide, which is an important step for Intime and Alibaba to achieve membership. Chen Xiaodong, CEO of Intime Business, has proposed more than once, "New retail should first do three things: digitalization, networking and intelligence. The focus of digitalization is to do three things: membership, commodity and service, which is the reconstruction of people and goods yards. (Source: Lianshang.com)

　　6. China's e-commerce market expands rapidly and transaction volume has increased by 3 times in the past five years.

　　Monitoring data shows that from 2012 to 2016, the transaction scale of China's e-commerce and various sub-sectors continued to rise. Among them, the transaction volume of China's e-commerce market in 2012 was RMB 7.85 trillion and 22.97 trillion in 2016. In the past five years, China's e-commerce transaction volume increased by 15.12 trillion yuan. (Financial Network)

　　Hot comments from netizens: With your contribution, I also have my contribution.

　　7. eBay's third-quarter revenue increased by 25% year-on-year

　　In the early morning of the 19th, eBay released its third-quarter financial report for the 2017 fiscal year. The report shows that eBay's net revenue in the third quarter was US$2.409 billion, a 9% increase from US$2.217 billion in the same period last year; net profit from continued operations was US$523 million, a 25% increase from US$418 million in the same period last year. eBay's adjusted earnings in the third quarter are in line with Wall Street analysts' previous expectations, while revenue exceeds expectations. (Source: Sina Technology)

　　8. After LeDian announced the cessation, the founder said the reason: the frequency of use is low.

　　On October 11, LeDian, a shared power bank company, officially announced that it would stop operating the shared power bank business and have recovered all power bank equipment. This is also the company that announced the suspension of shared power banks. (Source: Biannews)

　　9. Shared umbrella "Drifting Umbrella" completes round A financing

　　The shared umbrella, which has been rising for a short time, has taken the pace of profit exploration. On October 18, the shared umbrella "Drifting Umbrella" announced that it had completed a round A financing of tens of millions of yuan. Drifting Umbrella said that the funds raised will be mainly used for team talent recruitment and urban development. (Source: Beijing Business Daily)

　　Hot comments from netizens: I am going to build a shared bus with fixed routes and fixed stations. Each person gets on the bus is 2 yuan. Are anyone interested in this project?

　　10. JD.com: The number of iPhone X reservations has exceeded 1.1 million

　　JD.com announced today that the number of reservations for its iPhone X has exceeded 1.1 million. Regarding the stock quantity, JD.com said it has sufficient supply, and its own stores, third-party stores and JD.com will jointly provide guarantees for the purchase of iPhone X. (Source: NetEase Technology Report)

　　Hot comments from netizens: I have also made reservations for many things on JD.com, but I didn’t buy them in the end.

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