#Laogao E-commerce Newsletter# [November 28 E-commerce Evening News]

　　#Laogao E-commerce News# [November 28 E-commerce Evening News Brief] 1. Tmall will seal off offline products with unqualified quality; 2. Xiaomi and Baidu reach a cooperation; 3. JD.com's sales in one day exceeded 11.8 billion; 4. New situation of the US e-commerce war: the price gap between Walmart and Amazon is the lowest in history; 5. Foxconn will pay employees an average dividend of 330,000 yuan per person.

　　1. Tmall will seal the account for offline products with unqualified quality

　　Dear merchants: In order to cooperate with the administrative department in the management of relevant stores on the Tmall platform, we will now add temporary market control measures to restrict Want Want Login in Article 43 of the Tmall Rules. This rule adjustment officially came into effect on November 20, 2017.

　　The changes are as follows:

　　After being exposed by news media and reported by the administrative departments such as the national quality supervision department, it is a product of a certain offline brand, category, batch, or other products and stores that require coordination inspection, and products that are the same as the specific products that Taobao officially inspects. Taobao will take temporary market control measures such as restricting the release of goods, removing goods, deleting goods, product supervision, restricting Wangwang login, store supervision, and store blocking according to the severity of the situation, until the account is seized. (Source: tmall knows early)

　　2. Xiaomi and Baidu reach cooperation

　　Xiaomi today announced the launch of its IoT developer plan to open up the Xiaomi IoT platform to the public. At the same time, Xiaomi and Baidu reached a cooperation, and the two parties will jointly build an IoT+AI ecosystem through a integrated software and hardware approach. Lu Qi said that when the era of Internet of Things is approaching, IoT represents a new opportunity, and IoT+AI will further open a new chapter. (Source: Sina Technology)

　　Hot comments from netizens: Baidu is probably the number one in the country in terms of artificial intelligence

　　3. JD.com's sales exceeded 11.8 billion in one day

　　Today, in the last Double 11, JD.com released several battle reports, on November 11, the sales of "JD.com flash sale" reached nearly 11.8 billion yuan. It is understood that on November 1 this year, JD.com flash sale started for JD.com 11.11 promotion in the form of a "super flash sale": on November 11, the UV of the flash sale business exceeded 30 million, with sales exceeding 11.8 billion, breaking the single-day sales record of JD.com's single channel; a week after the end of Double 11, JD.com flash sale announced that its annual cumulative sales had exceeded 100 billion yuan. (Source: Yibang Power Network)

　　4. New situation of the US e-commerce war: the lowest price gap between Walmart and Amazon

　　According to Reuters, Walmart started an e-commerce price war with Amazon since last year. As of November 7 this year, the average online retail price of 213 items in 11 categories was only 0.3% higher than Amazon, which is completely opposite to last year, and the smallest gap in history. Although investors are optimistic about Walmart's competitiveness with Amazon, they are also worried about the impact on profits and stock repurchase plans, and the stock price turned down and closed flat in the afternoon. (Source: Wall Street News)

　　5. Foxconn wants to pay an average dividend of 330,000 yuan per person

　　According to Taiwan media reports on Monday, Hon Hai Group (Foxconn) has applied to award employees a dividend of NT$10.5 billion, equivalent to NT$2.3 billion. According to the 7,000 employees of Hon Hai Group, each person can get equivalent to RMB 330,000. This is a record high for employee dividends. (Source: Sina Weibo)

　　Hot comments from netizens: I remembered: Jack Ma has 1.7 billion, and we are divided into 100 million yuan per person, and we all become billionaires.

　　6. JD.com and Stanford cooperate to conduct AI research

　　On November 28, on November 27, local time in the United States, JD.com announced that it would launch the JD.com-JD AI Research Initiative with Stanford Artificial Intelligence Laboratory (SAIL) and launch a research project-based cooperation with Stanford Artificial Intelligence Laboratory around cutting-edge technologies such as machine learning, deep learning, robots, natural language processing and computer vision, and combine JD.com's actual application scenarios and data. (Source: Sohu Technology)

　　7. Nanchang’s unmanned convenience store can “brush” shopping iris recognition certification

　　An unmanned convenience store that uses iris recognition certification has opened in Nanchang. The store’s settlement system uses RFID technology, and the anti-theft system uses voice and face recognition. As long as the product enters the scanning area, the total amount of the product can be calculated instantly. "The RFID on each packaging has a unique code. When the product information and consumer information are connected, the product origin, sales destination, etc. can be mined through big data, and then personalized recommendations are made to consumers. (Source: Lianshang.com)

　　8. People's Daily published articles in succession praising why new consumption in Tmall Double 11 has leveraged the global economy

　　Recently, the People's Daily published articles to like Tmall, with the titles of "The Confidence Index continues to rise, achieving a high growth rate in the first ten months - New consumption leverages the Chinese economy" and "Staying Sailing to a Network Power", pointing out that the total retail sales of domestic consumer goods continues to rise and the Chinese consumer confidence index continues to grow. Among them, Tmall's driving role is inseparable, and new retail and new consumption are successfully leveraging the Chinese economy and even the global economy. (Source: Tianxia Online Business)

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