#Laogao E-commerce Newsletter# [E-commerce Evening News on January 31]

　　#Laogao E-commerce Newsletter# [E-commerce Evening News on January 31] 1. NetEase Koala went offline to open physical stores; 2. Gao Xin retail personnel changes: Huang Mingduan resigned, and Alibaba entered the market; 3. Bloomberg: The market value has been abandoned by Alibaba, why do investors prefer Tencent? 4. Taobao officially launched a "family account" tomorrow; 5. The report said that the number of Chinese netizens reached 772 million, accounting for 97.5%.

　　E-commerce newsletter:

　　1. NetEase Koala goes offline to open a physical store

　　According to sources, NetEase Kaola Haigou will open a cross-border e-commerce offline direct store in Hangzhou in the near future, which is also an offline direct store for cross-border e-commerce across the country. The source also revealed that this is the first step for NetEase Koala to launch offline retail, and will later deploy multiple offline direct stores in five other cities.

　　It is understood that Hangzhou has always been the pioneer and leader of the national cross-border e-commerce comprehensive pilot zone, and is also the headquarters of NetEase Kaola Haigou. According to insiders, this is one of the main reasons why NetEase Kaola Haigou chose to open offline direct stores in Hangzhou. This offline direct store will open in CBD Raffles Plaza, Qianjiang New City, Hangzhou in the near future. There will be two other offline direct stores in Hangzhou, both of which will open in the city's core business districts. (Source: Yibang Power Network)

　　2. Gao Xin Retail Personnel Changes: Huang Mingduan resigns, Alibaba Group joins the market

　　On the evening of January 30, Gao Xin Retail (06808.HK) issued an announcement stating that Zheng Quantai has resigned as the company's non-executive director and chairman of the board of directors, as well as the audit committee, nomination committee and remuneration committee. Alibaba Group CEO Zhang Yong has been appointed as the company's non-executive director and chairman, effective from January 30, 2018.

　　The announcement also stated that Huang Mingduan has resigned as executive director, but has agreed to remain a member of the Board of Directors Investment Committee, Operations Committee and Disclosure Committee; Chen Jun has been appointed as a non-executive director of the company and a member of the Nomination Committee and Remuneration Committee. (Source: First Financial Daily)

　　3. Bloomberg: The market value has been abandoned by Alibaba, why investors prefer Tencent

　　According to Bloomberg, investors are beginning to choose Tencent for the choice between China's Internet bipolars and are reluctant to be on Alibaba. Judging from the mixed price-to-earnings ratio, Alibaba's stock is currently quite cheaper than Tencent and may become cheaper in the future. (Source: NetEase Technology)

　　4. Taobao will officially launch the "family account" tomorrow

　　Taobao will officially launch the "family account" on February 1. At that time, users can help each other make convenient payments by adding a family account to connect their elders, children, and spouses. (Source: Biannews)

　　Internet news

　　5. The report says that the number of Chinese netizens reached 772 million mobile Internet users accounted for 97.5%

　　On January 31, the China Internet Information Center (CNNIC) released the 41st "Statistical Report on the Development of China's Internet" (hereinafter referred to as the "Report") in Beijing. As of December 2017, the number of Internet users in my country reached 772 million, with a penetration rate of 55.8%, 4.1 percentage points higher than the global average (51.7%) and 9.1 percentage points higher than the Asian average (46.7%). The scale of Internet users in my country continues to maintain steady growth, the continuous innovation of Internet models, the acceleration of the integration of online and offline services, and the pace of online public services has become the driving force for the growth of Internet users. (Source: CNNIC)

　　6. Toutiao sues Baidu for unfair competition: claim 5.1 million yuan and apologize

　　Because he believed that when he used Baidu to search the official website of Toutiao, a red warning words "Reminder: This page may not be accessed normally due to unstable service!" appeared in the search results. Beijing ByteDance Technology Co., Ltd. sued Beijing Baidu Netxun Technology Co., Ltd. to the court on the grounds of unfair competition, demanding that Baidu immediately stop unfair competition, apologize, compensate for economic losses of 5 million yuan and reasonable expenditure of 100,000 yuan. Recently, the Haidian Court accepted the case. (Source: Haidian Court Network)

　　7. WeChat mini program mind king suspends service

　　On the morning news on January 31, WeChat mini-programs, King of Wisdom, issued an announcement last night that services have been suspended due to violation of the "Interim Provisions on the Development and Management of Public Information Services of Instant Communication Tools", and no clear time to resume services has been given. (Source: Mobile Games Something)

　　8. Illegal promotion? 58.com was sued for claiming 200,000 yuan

　　It believed that 58.com illegally collected customer information and obtained its large amount of customer resources and corresponding transaction profits. Yitongda Moving Company filed a lawsuit against the court on the grounds of unfair competition disputes, demanding 58.com to stop the infringement, compensate for economic losses of 200,000 yuan and refund the promotion costs of 200,000 yuan. Recently, the Haidian Court accepted the case. (Source: Legal Evening News)

　　Cross-border newsletter

　　9. Spend 4 billion US dollars! Amazon headquarters expands a "tropical rainforest"

　　On January 29, local time in the United States, the new complex The Spheres, Amazon's headquarters in Seattle, was officially unveiled. It consists of three transparent glass spheres, costing $4 billion. Its interior is like a tropical rainforest and will be open to the public on January 30. (Source: The Paper)

　　10. 2017 eBay Best Seller Report: The best-selling one is not the iPhone but the fanny pack

　　According to eBay, fanny pack (waist pack) is one of eBay's most popular items in 2017, with sales of more than 57,000 pieces.

　　In 2017, fanny pack, a popular fashion from the 1980s and 1990s, returned, occupying multiple fashion runways and being sought after by many celebrities, including the Kardashian family. This undoubtedly stimulated more consumers to rush to buy on eBay. (Source: Hugo.com)