#Laogao E-commerce Newsletter# [February 1 E-commerce Evening News]

　　#Laogao E-commerce Newsletter# [E-commerce Evening News on February 1] 1. JD.com and the UK International Trade Department signed a memorandum of 2 billion pounds; 2. Last year, the eBay GMV reached US$24.4 billion in Q4 last year and increased by 10% year-on-year; 3. This year's Spring Festival Gala will not worry about being dedicated and blessed with 1 billion Taobao red envelopes? 4. In 2017, the overall O2O market size in my country reached 999.2 billion yuan; 5. Several departments in Nanjing interviewed Didi Meituan to issue a rectification notice.

　　E-commerce newsletter:

　　1. JD.com and the UK Trade Department signed a memorandum of 2 billion pounds

　　On February 1, during British Prime Minister Theresa May's visit to China, JD.com and the UK Department of International Trade (DIT) signed a memorandum of understanding to sell 2 billion pounds of British products in the next two to three years.

　　According to reports, JD.com currently sells more than 90,000 British products, while the number of brands and types from the UK is still growing at a rate of 100% in the past two years; in 2017, the sales of British goods on JD.com's platform also increased by nearly 100% year-on-year, among which the sales of home textiles and furniture increased the fastest, with sales reaching 23.5 times and 11.8 times respectively in the same period last year. (Source: Yibang Power Network)

　　2. Last year, eBay GMV reached US$24.4 billion in Q4 last year and increased by 10% year-on-year

　　On February 1, eBay released its fourth quarter financial report and full-year financial report for the 2017 fiscal year. According to the financial report, eBay's fourth-quarter revenue was US$2.613 billion, a 9% increase from US$2.395 billion in the same period last year. In accordance with US General Accounting Standards (Non-GAAP), net profit from continued operations was $618 million in the fourth quarter.

　　It is worth noting that eBay's total commodity trading volume (GMV) in the fourth quarter was US$24.4 billion, an increase of 10% compared with the same period last year, and the impact of excluding exchange rate changes was a 7% year-on-year increase.

　　3. How to share the Taobao red envelopes if you don’t have to worry about your dedication and blessings this year’s Spring Festival Gala?

　　Taobao announced that it will launch the "New Year Letaotao" series of activities during the Spring Festival, including joining hands with CCTV Spring Festival Gala to distribute red envelopes to users, coupons and more physical and equity products, and creating New Year customs in a unique way in the Internet, allowing more families to have a lively Chinese New Year. This event, called "Welcome Red Envelopes Every Day", will be distributed 100 million yuan every day and will usher in a climax on New Year's Eve.

　　Recently, Taobao announced that it had reached an exclusive interactive cooperation with CCTV's "Spring Festival Gala" in 2018. During the Spring Festival Gala this year, Taobao will distribute red envelopes, lucky bags and more high-value and privileged products with a total amount of more than 600 million yuan. (Source: Yibang Power Network)

　　4. In 2017, my country's overall O2O market size reached 999.2 billion yuan

　　On February 1, a third-party data monitoring and analysis agency, iResearch, recently released the "2017 Annual Report on the Analysis of O2O Industry in China" by the third-party data monitoring and analysis agency.

　　The report shows that in 2017, the overall market size of China's local life service O2O reached 999.2 billion yuan, an increase of 71.5% compared with 2016, approaching the trillion mark. In terms of competitive landscape, the GMV of reputation in 2017 was 420 billion yuan, ranking first in the industry. Meituan Dianping ranked second in the industry with a GMV of 360 billion yuan. (Source: E-commerce News)

　　Internet news

　　5. Several departments in Nanjing interviewed Didi Meituan to issue a rectification notice

　　The Transportation Administration Bureau of the Jiangsu Provincial Department of Transportation, the Nanjing Municipal Transportation Bureau, the Municipal Internet Information Office and other departments summoned the talks between Didi and Meituan, two major online ride-hailing platform companies, and issued rectification notices.

　　It is reported that during the law enforcement, the transportation department found that Didi and Meituan platforms have long been engaged in illegal operations. The provincial and municipal levels have summoned more than ten interviews, and the Municipal Transportation Bureau has imposed five batches of penalties in accordance with the law. However, the two platforms have not fulfilled their rectification commitments.

　　Zheng Chunfa, deputy director of Nanjing Municipal Transportation Bureau, said that at present, the data accessed by Didi is lagging and incomplete, and Meituan has no data access to the regulatory platform so far. (Source: E-commerce News)

　　6. Nokia's net loss in the fourth quarter was 384 million euros and turned a loss year-on-year

　　Nokia released its fourth-quarter and full-year earnings report on Thursday ended December 31, 2017. According to the financial report, Nokia's net loss attributable to its parent company shareholders in the fourth quarter was 384 million euros, less than the net profit of 659 million euros in the same period last year. Nokia suffered losses in the fourth quarter, mainly due to the one-time expenditures included in the financial report related to the US Tax Cuts and Employment Act. (Source: Tencent Technology)

　　7. Facebook's average daily users in North America fell for the first time, suggesting that its well-known market has been saturated

　　According to foreign media reports, in the United States and Canada, the number of people who view Facebook every day declined during the third and fourth quarters of 2017, which is the first time in the company's history that the average daily user declined month-on-month. The decline in average daily users in North America means that Facebook's well-known and most profitable market has reached saturation, and it indicates a similar decline in its global usage. (Source: Chuangyebang)

　　8. New features are released by Beijing Metro! Subway station congestion can be checked on mobile phone

　　Starting today, Beijing Metro has added a new "technology post" to alleviate the large passenger flow. Among them, station congestion information will be released for the first time. Before leaving, passengers can use their mobile phone to check the congestion of nearby subway stations and choose the station with the highest comfort level to get on the bus. This is without precedent at home and abroad.

　　Beijing Metro has also set up a special congestion function development team to establish an emergency response mechanism to ensure smooth initial data transmission and stable display. In the future, congestion information will be accurately pushed according to passengers' travel habits. (Source: Chuangyebang)

　　Cross-border newsletter

　　9. Fulin Transportation plans to acquire 100% of Fanyuan International shares

　　Recently, the listed company Fulin Transportation Industry issued the "Fulin Transportation Industry: Announcement on Signing a Framework Agreement on Major Asset Restructuring". The "Announcement" states that Fulinyun Industry has signed a "Major Asset Restructuring Framework Agreement" with the controlling shareholder and actual controller of Hangzhou Fanyuan International Logistics Co., Ltd., and plans to acquire 100% of its shares by issuing shares and paying cash.

　　Fanyuan International was established on August 26, 2004. Fanyuan International's main business is to provide comprehensive cross-border logistics services to cross-border e-commerce companies. Fanyuan International is committed to building a comprehensive service platform for integrated cross-border e-commerce and logistics. It is a one-stop integrated cross-border logistics solution supplier integrating warehousing, distribution, distribution and logistics solutions. (Source: Yibang Power)

　　10. Wish official response to "infringement" and was closed for the store: After verification, there was indeed infringement

　　Recently, several Wish sellers reported that the store was closed due to repeated infringement. After Wish official verification, these merchants did repeatedly infringe on the same brand (some shops infringe on multiple brands).

　　In this regard, Wish official reiterated: "Wish maintains a zero-tolerance policy for infringement of intellectual property rights. We are committed to staying away from imitations. Wish will suspend accounts that repeatedly infringe on other people's intellectual property rights." (Source: Hugo.com)

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