Laogao E-commerce Newsletter on November 1st

　　#Lao Gao E-commerce Newsletter# [November 1 E-commerce Morning News] 1. Jack Ma starred in "The Great Stories": The whole film will not be sold publicly for only 20 minutes; 2. The Anti-Unfair Competition Law was implemented for the first time in the past 24 years, and online stores may face a fine of 2 million yuan; 3. Alibaba CEO Zhang Yong: Double 11 has become a "Chinese phenomenon in the world"; 4. Tmall announced that offline stores of Double 11 brand overseas projects have become a new feature; 5. Pan Shiyi responded to "clearing-up house selling". We still have many houses.

　　1. Jack Ma starred in "The Great Stories": The whole film will not be sold publicly for only 20 minutes

　　Yesterday, Jet Li appeared in Shanghai as the director of the movie "The Legend of the Condor Heroes" to reveal the film that has attracted much attention recently. Although the total length is only 20 minutes, "The Way of Resolution" brings together 11 high-end action stars including Jet Li, Donnie Yen, and Wu Jing, and Jack Ma is the first male lead. It is reported that "The Great Master" will be broadcast for nearly 8 minutes at the Tmall Double Eleven Gala on the evening of November 10. (Source: Sina Technology)

　　2. The Anti-Unfair Competition Law was overhauled for the first time in the past 24 years, and online stores may face a fine of 2 million yuan.

　　People's Daily reported that on the morning of October 31, the third draft of the "Anti-Unfair Competition Law (Revised Draft)" was submitted to the 30th meeting of the Standing Committee of the National People's Congress for review. The revised draft regulates more detailed regulations on new types of unfair competition in the Internet field. For example, based on the previous second draft, it requires that "operators shall not make false propaganda about commodity sales status, user evaluation, etc., deceive or mislead consumers"; "operators shall not help other operators conduct false or misunderstood commercial publicity by organizing false transactions." In response to the common false transactions in the e-commerce field, the third draft of this review states that a fine of 200,000 yuan and 1 million yuan will be imposed on illegal "swipe orders". If the circumstances are serious, a fine of 1 million yuan and 2 million yuan will be imposed, and the business license can be revoked.

　　The draft also clearly defines unfair competition in the Internet field such as traffic hijacking. For example, if you insert links into the network products or services legally provided by other operators, you can force the target jump to mislead, deceive, force users to modify, close or uninstall the network products or services legally provided by other operators without the consent of other operators; maliciously incompatible with the network products or services legally provided by other operators. The above behavior can be regarded as unfair competition and shall be fined between RMB 100,000 and RMB 500,000; if the circumstances are serious, a fine of RMB 500,000 and RMB 3 million shall be imposed.

　　Hot comments from netizens: How do competitors punish me for orders?

　　3. Alibaba CEO Zhang Yong: Double 11 has become the "China phenomenon in the world"

　　On October 31, the Tmall Double 11 Global Carnival Press Conference was held in Shanghai. Zhang Yong announced that the world will enter the "Tmall Double 11 time" simultaneously. "This year's Double 11 is a panoramic display of Alibaba's economic ecology." CEOs of hundreds of brands around the world and media from all over the world gathered at the press conference. Although Tmall Double 11 was created and finally built into the appearance of Alibaba Group, it never belongs to Alibaba, but to the entire society, every consumer, every brand, every website, every business district, every street shop, every express company, every financial institution...

　　4. Tmall announced that the offline store of Double 11 brand overseas projects has become a new feature

　　Recently, Tmall announced the plan for the top 11 Chinese brands to go overseas. In addition to online channels, the "new retail" model of offline stores will also become one of the focus of this Double 11 brand to go overseas. It is reported that during this year's Tmall Double 11, 100 Chinese brands including Bosideng, Midea, Li Ning will rely on the omni-channel advantages of global online and offline integration and all-round technical capabilities such as logistics, payment, and big data to efficiently extend their massive products and services to more than 200 countries and regions around the world, truly realizing "selling in one store to the world".

　　5. Pan Shiyi responded to "clearing-sale house" We still have many houses

　　On October 31, "We have sold some houses, but we still have many houses, which cannot be said to be cleared. There are still many things in the warehouse, such as our Wangjing SOHO, Bund SOHO, SOHO, SOHO Fuxing Square and SOHO Tianshan Square. I think we hold a lot." Today, SOHO China Chairman Pan Shiyi said. (Source: 21 News Network) ?

　　Hot comments from netizens: But there are still countless leeks who have been investing in real estate to take over the market

　　6. WeChat Pay Hong Kong version upgrade function: payment is more convenient

　　WeChat Pay HK (WeChat Pay Hong Kong version) announced yesterday that it will launch a series of upgraded payment functions in Hong Kong, providing local consumers with a simple, safe and fast mobile payment experience, suitable for online and offline payments. Local merchants can use WeChat to enhance interaction with customers throughout the shopping experience and enhance customer loyalty. Through the new WeChat Pay HK function, consumers only need to scan the QR code in WeChat to solve various payment needs in daily life, such as taxis, newsstands, tea restaurants, supermarkets, etc. (Source: Tencent Technology)

　　7. Amazon's performance exceeds expectations Bezos becomes the world's new richest man

　　US e-commerce giant Amazon's third-quarter performance exceeded expectations, and its stock price rose continuously, reaching $1,107.56 as of 23:20 on October 31. Previously, on October 27, Amazon's stock price hit a record high of $1,105.58, and Amazon founder and CEO Jeff Bezos' personal wealth increased by about $10 billion, surpassing Bill Gates to become the world's richest man with $93.08 billion. (Source: Daily Economic Network)

　　Hot comments from netizens: Whether you can sit firmly is the key!

　　8. Overseas shopping e-commerce joins the Double 11 battlefield Amazon launches boutique supermarket

　　On October 31, Amazon China announced the launch of the fourth "Overseas Shopping Festival" and announced the upgrading of international boutique strategy and officially launched boutique supermarkets. Tmall International, JD Global Shopping, and Vipshop International have also increased their efforts to expand their "Double 11" layout this year. The vertical cross-border e-commerce NetEase Koala has also launched services such as overseas shopping pickup season and promise to pay if it is expensive. Can Amazon China, which wants to highlight differentiation through overseas purchases, get what it wants under the competition? (Source: Lianshang.com)

　　网友热评：Amazon的Cyber Moday Deals已經開始...

　　9. The General Administration of Customs issued new regulations to regulate the setting of customs supervision workplaces

　　On October 31, the Customs issued an announcement No. 52 of 2017 on the issuance of the "Customs Supervision Operations Site Settings". The announcement pointed out that in accordance with the relevant provisions of the "Interim Measures for the Management of Customs Supervision Zones of the People's Republic of China" (General Administration of Customs Order No. 232), the General Administration of Customs has formulated the "Regulations on the Setting of Customs Supervision Workplaces", which is now released. It is reported that the announcement will come into effect on November 1, 2017. In this specification, enterprises operating in customs supervision workplaces for water transportation, air transportation, railway transportation, highway transportation, express delivery, and storage tanks, as well as domestic metrology stations in cross-border pipelines of imported energy shall handle relevant administrative licensing procedures in accordance with the "Interim Measures for the Management of Customs Supervision Zone of the People's Republic of China" and the relevant provisions of the General Administration of Customs 2017 Announcement No. 37 of the General Administration of Customs on Administrative License Matters. (Source: Yibang Power Network)?

　　10. Three Squirrels resumed review of IPO, net profit in the first half of the year exceeded the whole year of last year

　　Information disclosed on the website of the China Securities Regulatory Commission on the evening of October 31 showed that the food e-commerce "Three Squirrels" has updated its pre-disclosed prospectus, which may mean that the company's IPO application has been restored to normal review from "suspended review". The Securities Times' e-company reported that the Three Squirrels had voluntarily suspended the review because of the resignation of the lawyer. The updated pre-disclosure prospectus showed that one of the two lawyers in charge had changed. Updated financial data shows that the performance growth rate of Three Squirrels has accelerated, with a net profit of 241 million yuan in the first half of 2017, exceeding the net profit of 237 million yuan last year; operating income in the first half of the year was 2.894 billion yuan.

　　Hot comments from netizens: The competitive pressure should be greater in the past two years, and many nut brands have taken the online shopping route

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