#Laogao E-commerce Newsletter# [E-commerce Evening News on January 25]

　　#Laogao E-commerce Newsletter# [E-commerce Evening News on January 25] 1. Alipay officially entered the Middle East; 2. Alibaba's market value exceeded US$500 billion; 3. Liu Qiangdong: JD.com's goal is to be a world-renowned e-commerce company; 4. Jack Ma promised that employees: to enter Alibaba to ensure a lifetime of pain; 5. Mao Kankan, a post-80s entrepreneur, committed suicide and died, was exposed to bankruptcy of the e-sports entrepreneurial project.

　　E-commerce newsletter:

　　1. Alipay officially enters the Middle East

　　On January 25, China's mobile payment platform Alipay officially announced its entry into Israel today, bringing mobile payment services to the Middle East to facilitate Chinese tourists. (Source: Xinhua News Agency)

　　2. Alibaba's market value exceeds US$500 billion

　　On the evening of January 24, Beijing time, Alibaba's market value exceeded US$500 billion. The stock price once reached US$198.86. When Alibaba's market value exceeded US$500 billion, Chairman Jack Ma was attending the World Economic Forum in Davos. What Jack Ma cares about seems not to be Alibaba's stock price and market value. Here, he transformed into a Chinese cultural exchange messenger, called for small and medium-sized enterprises around the world, and had a happy conversation with young people... (Source: Tianxia Online Business)

　　3. Liu Qiangdong: JD.com’s goal is to be a world-renowned e-commerce company

　　According to the news on January 25, at the Davos annual meeting, Liu Qiangdong said that JD.com's goal is not only in China, but globally renowned e-commerce. At the same time, Liu Qiangdong said that he firmly believes that China's well-known e-commerce companies will be world-renowned e-commerce companies in the next 10 years. (Source: TechWeb report)

　　4. Jack Ma promises employees: Enjoy Alibaba to ensure a lifetime of pain

　　Teacher Ma shared his incentive policy at the Davos Forum: if you don’t get promoted or get rich, you will suffer a lot of crimes. Teacher Ma’s incentive policy is actually to not draw big pie for employees, because he cannot guarantee whether the company will succeed. Such management methods are unprecedented and unparalleled! (Source: Pear Video)

　　Internet newsletter:

　　5. Mao Kankan, a 1980s entrepreneur, committed suicide and died, was exposed to bankruptcy of e-sports entrepreneurship project

　　On the morning of January 25, Mao Kankan, a benchmark entrepreneur in the 1980s, passed away recently and was exposed that her e-sports entrepreneurial project went bankrupt during her lifetime. (Source: Leidi.com)

　　6. After "7 to 1", "5 to 1" will appear again. Since the beginning of this year, the IPO review approval rate is less than 40%.

　　The review results of the Issuance and Review Committee meeting released by the China Securities Regulatory Commission on the 24th showed that 5 companies attended the meeting, 3 of which were rejected for the first public offering application, 1 was suspended for voting, and 1 was approved. The Issuance and Listing Committee meeting held on the 23rd was "7-by-1". Experts believe that high standards and strict requirements will be the norm. Companies planning to go public should practice their internal skills, improve their core competitiveness, and fairly measure whether they meet the listing standards. Don’t be lucky. (Source: China Securities Journal)

　　7. Kuaishou is carrying out a new round of US$1 billion financing. Tencent and Sequoia continue to follow

　　According to "Finance", short video platform "Kuaishou" is conducting a new round of financing of US$1 billion, with a post-investment valuation of US$18 billion. The lead investor Tencent will continue to follow up in this round, and Kuaishou's B round investor Sequoia also follows up in this round. The article also stated that Kuaishou has launched IPO tutoring and is expected to be listed in Hong Kong as early as the second half of 2018. (Source: Finance)

　　Cross-border newsletter

　　8. Fight against Amazon: It is said that American supermarket group Kroger wants to cooperate with Alibaba

　　According to the New York Post, American supermarket chain Kroger may have found a way to fight Amazon. According to foreign media reports, the company is seeking to cooperate with e-commerce giant Alibaba. (Source: Sina Technology)

　　9. The return rate of UK buyers is as high as 60%, and sellers pay 22 million euros per year for this.

　　In the UK, buyers are increasingly looking to e-commerce sellers to pay for shipping costs incurred when returning the goods. According to a survey by ParcelHero, the UK international parcel express delivery company, this may lead to the bankruptcy of more than 200 small e-commerce companies. Many small e-commerce companies feel the pressure to pay for return costs, but in order to maintain a high customer service rating, they have to pay for customer returns. But this strategy may ultimately drag down these small e-commerce sellers. According to a new report, traditionally, at the beginning of the new year, many e-commerce sellers have to process large numbers of return orders. For example, January 2 is called "Take back Tuesday" because it is the first working day of the year, and many consumers are trying to return Christmas gifts they don't need. (Source: Hugo.com)

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