#Laogao E-commerce Newsletter# [E-commerce Morning News on January 29]

1. Lirenlizhuang IPO was rejected

Recently, the IPO of Shanghai Lirenlizhuang Cosmetics Co., Ltd. (hereinafter referred to as "Lirenlizhuang") has been rejected by the Issuance and Review Committee. The prospectus shows that Lirenlizhuang was formerly Shanghai Lirenlizhuang Cosmetics Co., Ltd., and was established on May 27, 2010. In 2012, Alibaba Venture Capital invested in Liren Lizhuang and later transferred its shares to Alibaba Network. Currently, Alibaba Network holds 19.55%, ranking second largest shareholder. (Source: Yibang Power)

The IPO of Liren Lizhuang was rejected. The opinions given by the Issuance and Audit Committee were as follows: 1. It constituted a significant dependence on the Tmall/Taobao platform, questioned the sustainability of the business model and profit model; 2. Questioned whether the rebate accounting treatment does not comply with accounting standards, the rebate cross-period accounting, and the rebate provision is reasonable; 3. Questioned the inconsistent pricing methods for the two equity acquisitions and the rationality of the purchase in two times; 4. Understand the sales of the authorized brand; 5. The operating income does not match the increase in net profit, questioned the authenticity of the profit. (Source: 36kr)

2. Taobao mobile phone will launch mini programs

Recently, an industry insider familiar with Alibaba's ecosystem revealed to Yibang Power Network that the mobile Taobao App will launch a mini program in March this year. "The plan is being prepared for the low-key manner on Taobao, and the number of people in the matter is quite limited. It is expected that the clues will be seen after the Spring Festival."

In 2017, the Alipay App, a subsidiary of Ant Financial Group, also launched a mini program. If the above news is true, what does Alibaba mean when testing mini programs on different platforms? It is an internal horse racing or a track migration, which is not known to the outside world. According to the above-mentioned key person, some partners have learned from Alibaba's internal high-level meeting that it is imperative to promote Taobao mini-programs. "The purpose of Taobao mini program is to open up the membership system. Moreover, with the fragmentation of live broadcast and WeChat and other scenarios, Taobao also needs to have an instant-to-use scenario." (Source: Yibang Power)

3. Liu Qiangdong talks about Wujie Retail again and says: It’s not “creating concepts”

On January 28, Yibang Power Network learned that after Liu Qiangdong published an article related to the "Fourth Retail Revolution" last publicly, he posted a long article on borderless retail. This time, we mainly shared the meaning and characteristics of boundless retail (the "meaning" of boundless retail), the business link logic of boundless retail (the "boundary" of boundless retail), the value leap behind boundless retail and ecological reconstruction (the "land" of boundless retail).

According to the article, Liu Qiangdong's "intention" of boundlessness is mainly explained from three aspects: "scene without boundaries, goods without boundaries, and people and enterprises without boundaries"; the "infinite" of boundlessness is explained by the relativity of "the other side of "form without boundaries" must be "the boundaries of actions", which mainly means that enterprises must follow certain laws and guidelines for their actions. "Scenario Connection", "Data Interoperability" and "Value Interoperability" have become the norms of boundless retail, that is, the interpretation of "boundary"; the boundless "land" highlights the "decentralized" thinking, and enterprises must become more open and harmoniously integrate with the larger business environment. (Source: Yibang Power)

Internet news

4. Weibo announced the punishment measures for "hot topics and hosts who have swiped the rankings"

Weibo will increase the handling of popular topics on hot search lists and punish direct beneficiaries: for popular topics and hosts who have swipe the lists, they will deal with abnormal traffic search terms and target objects. The punishment measures are as follows: the above related celebrities, programs, and events will not be on the hot topic list and hot search list for 3 months; related accounts will not be able to host topics for 3 months. (Source: Weibo)

Weibo hot search regulations

5. Entrepreneurs such as Lei Jun and Zhou Hongyi were awarded the top ten economic figures of the year in 2017

The "Top Ten Economic Person of the Year 2017" award ceremony, jointly produced by Sina Finance, People's Daily (client), and Wu Xiaobo Channel, was held in Beijing last night. Lei Jun, founder, chairman and CEO of Xiaomi, Yuan Yafei, founder and chairman of Sanbo Group, Liu Qingfeng, chairman of iFlytek, Zhou Hongyi, founder and CEO of 360 Group, Lu Shan, chairman and secretary of the Party Committee of China Road and Bridge Engineering Co., Ltd., Gong Yu, founder and CEO of iQiyi, Chen Dongsheng, founder, chairman and CEO of Taikang Insurance Group, Li Chuyuan, secretary of the Party Committee and chairman of Guangzhou Pharmaceutical Group, Li Bin, founder and chairman of NIO, Zhou Houjian, chairman of Hisense Group, and other 10 entrepreneurs were elected as "Top Ten Economic Person of the Year 2017". (Source: Sina)

6. Ofo and Mobike plan to enter the Latin American market for the first time and launch services in Mexico

According to foreign media reports, the shared bicycle platforms ofo and Mobike are planning to enter the Latin American market for the first time and launch services in Mexico. ofo has a fancy to Mexico City, Guadalajara and Monterrey. Ofo's North American communications director Taylor Bennett told foreign media that he is preparing to provide services to these Mexican cities, but no launch schedule has been set yet. Mobike is in talks to prepare to provide bicycle rental services in Mexico City's booming Miguel Hidalgo district, which is expected to be launched in February, a person familiar with the matter said. (Source: TechWeb)

7. The founder of IKEA passed away

Mr. Ingvar Kamprad, the founder of IKEA Home Furnishing, passed away on January 27 local time at the age of 91.

IKEA Group then announced the news in a statement. Mr. Kamprad died at home with the company of relatives and friends, and died of illness. "Mr. Kamprad is one of the greatest entrepreneurs of the 20th century," IKEA said in its obituary.

He is doing business at the age of 11; he registered "IKEA" at the age of 17; he has his first employee at the age of 22; he is 78; he is still busy at the age of 86, and he once joked that he is "so busy that he has no time to die." (Source: Huxiu)

Cross-border newsletter

8. JD.com’s global purchase changes its investment requirements, and no renewal will be made without authorization

News about cross-border imports: JD Global Shopping has issued a notice on adjusting investment standards for "JD Global Shopping JD.HK", and JD Global Shopping has relaxed the qualification requirements for enterprise entry, but in the requirements for brand and product qualifications, it is more strict in the authorization and link proof of entry brands and products. Whether it is a brand-oriented flagship store, store-type flagship store, specialty store, or specialty store, a new requirement is added: the product qualification requires a formal purchase certificate. (Source: Hugo.com)

9. Ministry of Commerce Research Institute: Cross-border e-commerce enters the global retail era

The Institute of E-Commerce of the Ministry of Commerce Research Institute and eBay recently jointly released the "Guidelines for Cross-border E-Commerce Export of Chinese Enterprises" (hereinafter referred to as the "Guidelines"). The Guidelines point out that cross-border e-commerce has entered the 3.0 stage, that is, from the early 1.0 small goods era to the global retail era.

This "Guidelines" was released for the first time at the China Cross-border E-commerce Export Summit Forum on the 25th. Zhang Li, director of the E-Commerce Research Institute of the Ministry of Commerce Research Institute, introduced that the "Guidelines" made a judgment on the current status and trends of global cross-border e-commerce development, the main products and development trends of China's cross-border e-commerce, and the development model of cross-border e-commerce export enterprises in China's coastal economic belt and emerging regions. It put forward specific suggestions for Chinese companies from the aspects of risks, markets, platforms, product selection, etc., and analyzed 26 major cross-border e-commerce markets including the United States, Britain, Australia, Germany, and France. (Source: China Securities Network)