Laogao E-commerce Newsletter on November 8th

　　#Laogao E-commerce Newsletter# [November 8 E-commerce Morning News] 1. Tmall Double 11 "Catch Cats" event is too hot. Shanghai subway is blocked; 2. Use WeChat to repay credit cards to charge fees from next month; 3. Liu Qiangdong: Money cannot bring any happiness sometimes the more money, the worse it is; 4. The "choose one of two" of the e-commerce platform is suspected of multiple violations; 5. The signing of the Alibaba Group with Xiongan New Area digital construction will accelerate.

　　1. Tmall Double 11 "Catch Cats" event is so popular in Shanghai. The subway is blocked

　　On the evening of November 5, a netizen broke the news on Weibo that a large number of people gathered at Century Avenue Station on Shanghai-Rail Transit Line 4, collectively browsing their mobile phones. It was learned from Shanghai Metro that the gathering citizens were participating in the "Catching Cats" activity on Tmall on Double 11. Afterwards, Bailian Century, one of the organizers, also confirmed the event. It is understood that "Catching Cats" is a new way to connect online and offline games for Tmall's "Double 11" this year. Consumers can use Taobao on mobile phones to grab the "Golden Cat" red envelopes in offline stores according to the guidance of online cats. The red envelopes can be used in cash malls on the spot, and the well-known red envelopes will reach 1,111 yuan. (Source: Lianshang.com)

　　2. Use WeChat to repay the credit card from next month

　　On November 7, WeChat Pay announced that starting from December 1, 2017, each user's total credit card repayment amount exceeds 5,000 yuan will be charged 0.1% (minimum 0.1 yuan), and the part that does not exceed 5,000 yuan will still be free. Regarding the reasons for the sudden charge of the credit card repayment function, Tencent said in response to a query by reporters from 21st Century Business Herald that every repayment of the user will generate a channel fee for payment, and Tencent Tenpay has been investing in subsidies for this. With the rapid growth of credit card repayment business, the subsidized payment channel handling fees have also increased significantly. To properly balance costs and sustainable development, business rules are adjusted. (Source: Tencent Technology)

　　Hot comments from netizens: Fortunately, I use Alipay more

　　3. Liu Qiangdong: Money does not bring any happiness sometimes the more money the worse it is

　　Jack Ma once said that he has never touched money in the past decade and has no interest in money. Do you know how Liu Qiangdong looks at money? On November 2, Liu Qiangdong said at an entrepreneur event in Thailand that money can change life, but in most cases it will only get worse rather than better, and money cannot bring any happiness... (Source: Sina Weibo)

　　Hot comments from netizens: Wife can’t see beauty, money can’t bring happiness. The owner said so.

　　4. The "choose one of two" on e-commerce platforms is suspected of multiple violations of the law

　　The China Consumer Rights Protection Law Research Association, Peking University E-Commerce Law and Development Research Base, the Institute of Competition Law of Renmin University of China, and Fangyuan Magazine jointly held a seminar on "E-Commerce Platform' Two-Choose One' Competition Model: Legal Analysis from Multi-Attitudes" in Beijing, and discussed the legal issues involved in the "Two-Choose One" competition model of e-commerce platforms from different aspects such as the Anti-Monopoly Law, Anti-Unfair Competition Law, Consumer Rights Protection Law and E-Commerce Law. (Source: Procuratorial Daily)

　　Hot comments from netizens: The injured merchant is still the one who is

　　5. The Alibaba Group signed a contract with Xiongan New Area and the construction of digital Xiongan will be accelerated

　　On November 8, Alibaba and Ant Financial will sign relevant agreements with Xiongan New Area, and it is expected that all parties will carry out multi-level and multi-faceted cooperation in the construction of "Digital Xiongan". In early October, the Xiongan New Area Management Committee held a special meeting to study the construction of "Digital Xiongan", proposing to establish a big data construction and operation model under the leadership of the government, build a block data company, and explore and improve technical standards. In terms of specific technical means, blockchain technology may be one of the important options. Hang Seng Electronics, a subsidiary of Ant Financial, is actively planning research and business development of blockchain technology. (Source: Sina Technology)

　　6. Double Eleven merchants recommend hops for a lifetime of 11,111 yuan for a lifetime

　　As Double 11 approaches, merchants have launched various promotional activities. Jiang Xiaobai’s merchants launched the “Life for Life”. Customers pay 11,111 yuan on Double 11, and they can receive a box of wine sent by the merchant every month until the customer dies. (Source: Observer.com)

　　7. Israeli companies sue iPhone dual camera technology patent infringement

　　According to the morning of November 8, Beijing time, Apple has once again become the target of patent infringement lawsuits. According to the latest report by Reuters, Israeli startup Corephotonics filed a patent lawsuit claiming that the dual-camera technology used by Apple in iPhone 7 Plus and iPhone 8 Plus smartphone products are suspected of infringing its technology patents. Corephotonics CEO David Mendlovic said he had tried to engage with Apple, but had little effect. Apple has reportedly praised the company's technology, even saying that it "may infringe" the latter's patent rights, but "it is almost impossible to bear the consequences." (Source: Sina Technology News)

　　8. Cainiao cracks the problem of express recycling. Double 11, 100 stations across the country launched the "box return" plan

　　On Double 11 this year, Cainiao Green Action launched an enhanced version, and a express carton recycling operation was launched in ten cities including Beijing, Shanghai, Guangzhou, Shenzhen, and Hangzhou, namely the "Box Return Plan". This is Cainiao's latest attempt in green recycling. Unlike previous passive recycling methods, Cainiao has joined hands with Shanying International, a leading Chinese papermaking company. After the carton is disinfected and processed, it will be made into packaging boxes and used in the express delivery industry again, saving a lot of social resources. · Cainiao said that the return plan covers ten cities and hundreds of stations, and special personnel and vehicles are invested in key cities, and the recycling rate will be increased to more than 80%. Tens of millions of cartons are expected to be recycled, saving nearly 100,000 trees. (Source: Tianxia Online Business)

　　9. Weibo releases its third quarter financial report for 2017

　　November 7 – China’s leading social media Weibo company (NASDAQ:WB) today released its unaudited financial report for the third quarter ended September 30, 2017. Focus performance in the third quarter of 2017: Net revenue was US$320 billion, an increase of 81% over the same period last year, exceeding the company's expectations of US$290 million to US$300 million. Advertising and marketing revenue was US$276.8 million, up 77% from the same period last year. Other revenue was US$43.2 million, an increase of 114% over the same period last year. Net profit attributable to Weibo was US$101.1 million, up 215% from the same period last year, and totaled 45 cents per diluted share, compared with 14 cents a year ago. (Source: Sina Technology)

　　Hot comments from netizens: I still miss Weibo for two years

　　10. NetEase Koala plans to invest US$11 billion to deploy cross-border e-commerce

　　As the "Double Eleven" approaches, NetEase, the second largest electronic game publisher in China, is deepening its e-commerce business and plans to increase investment in purchasing products from the United States, Europe and Japan to sell them to Chinese consumers. In the next three years, the company will purchase about $11 billion in goods from the United States, Europe and Japan for customers to purchase, covering all aspects such as Dutch infant formula to Japanese cosmetics. This number is likely to be higher if procurement from Australia and South Korea is taken into account. (Source: First Financial Daily)

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