#Laogao E-commerce Newsletter# [February 7 E-commerce Evening News]

　　#Laogao E-commerce Newsletter# [February 7 E-commerce Evening News] 1. China Consumers Association: The counterfeit part of overseas shopping products such as Jumei Youpin and NetEase Koala is self-operated by e-commerce; 2. Tencent: The amount of online shopping fraud intensive Q4 fraud increased by 5.1 times during Double 11; 3. JD.com and Urban Beauty established a RMB 1 billion fashion industry fund; 4. 41 retail stores in mainland Apple will be available to Alipay to support Apple Pay; 5. Apple is preparing to provide refunds for consumers who purchase new batteries in full.

　　E-commerce newsletter:

　　1. China Consumers Association: The counterfeit part of overseas shopping products such as Jumei Youpin and NetEase Koala is self-operated by e-commerce

　　The China Consumers Association released a briefing on the 2017 "Double 11" online shopping survey experience. Among them, this survey experience actually purchased 93 samples of "overseas shopping" products, involving 37 brands. Related stores on platforms such as Jumei Youpin, NetEase Kaola Haigou, Miya.com, and Pinduoduo were all found to be suspected of selling counterfeit goods, and some of the counterfeit goods were also from the e-commerce self-operated store. (Source: Finance Network)

　　2. Tencent: The amount of online shopping fraud intensive Q4 fraud increased by 5.1 times during Double 11

　　NetEase Technology News on February 7th, Tencent Guardians Project recently released the "Anti-Telecom Network Fraud Big Data Report" for the fourth quarter of 2017. According to the report, the loss of telecom network fraud in the quarter was 4.39 billion yuan, a slight decrease of 0.6% month-on-month. The change is not large throughout the year. However, in the context of the decline in the average loss amount of a single case, the highest loss in a single case still exceeded 10 million yuan for the first time. The overall loss of fraud has slightly decreased, and online fraud has become the main type. (Source: NetEase Technology)

　　3. JD.com and Urban Beauty established a RMB 1 billion fashion industry fund

　　On February 7, JD.com and underwear brand Urban Beauty announced today that it will jointly establish a fashion industry fund with a scale of 1 billion yuan to invest in close-fitting clothing and upstream and downstream peripheral industry companies. (Source: NetEase Technology)

　　Internet news

　　4. 41 retail stores in mainland Apple will be available for Alipay to support Apple Pay

　　February 7th news Alipay official just announced that from today on 41 Apple Store retail stores in the mainland will support Alipay payments.

　　So far, on Apple's official website, App Store and offline retail stores, both hardware and software purchases support Alipay and its Huabei for payment.

　　Previously, in Apple's offline retail stores, users could use cash, bank cards and Apple Pay to pay. After Alipay was included, the payment methods available in Apple's Apple Store increased to four. (Source: it Home)

　　5. Apple is preparing to provide refunds for consumers who purchase new batteries in full

　　February 7 news, according to Reuters, Apple said in a letter to U.S. lawmakers on February 2 that it saw a "strong demand" to replace iPhone batteries and was preparing to provide refunds to consumers who purchased new batteries in full. (Source: Reuters)

　　6. Bicycle No. 1 announced that it will be suspended for only half a year from being launched to exit.

　　The No. 1 Bicycle WeChat official account posted today that due to the changes in the company's business direction, the No. 1 Bicycle will be suspended from now on. It is understood that the vehicles to which the No. 1 bicycle belongs will not be used after the suspension. The deposit can be refunded through WeChat, and the working hours are until February 12, 2018. (Source: Investment World)

　　7. LeTV's eleventh limit down, with over 300 million yuan entering the market to buy at the bottom

　　According to the news on February 7, LeTV continued to hit the limit at the opening day, and has now hit the limit at eleven consecutive times.

　　However, the volume increased significantly during the session, with more than 300 million funds buying at the bottom. As of 10:36 points, the turnover was 2.4%, but there were still 4.83 million lots of orders at the limit down (the price was about 2 billion yuan).

　　LeTV issued an announcement in the evening stating that the number of shares lifted the restricted shares this time is 213 million, accounting for 5.35% of the company's total share capital. The shares held by China Post Fund, Jiashen Fund, Caitong Fund and Niu Sanzhang Jianping, which participated in the private placement of LeTV in August 2016. Specifically, China Post Fund and Jiashen Fund held 42.657 million shares, both with a floating loss of 730 million yuan, Caitong Fund held 78.2 million shares, a floating loss of 1.34 billion yuan, and Zhang Jianping held 49.767 million shares, a floating loss of 850 million yuan. The four companies suffered a total floating loss of 3.65 billion yuan. (Source: NetEase Technology)

　　Cross-border newsletter

　　8. Tenpay and Alipay were fined 600,000 yuan for violations of cross-border payments.

　　On February 7, an article in the latest issue of China Foreign Exchange magazine, a subsidiary of the State Administration of Foreign Exchange, revealed that third-party payment institutions, including Tenpay and Alipay, were fined for violations in cross-border payments. He was fined RMB 600,000. (Source: Sina Finance)

　　9. Amazon uses its trump card, and robots can deliver goods to your door at any time

　　As we all know, Amazon's layout in "smart logistics, smart warehousing" and other aspects has been very enthusiastic. Following the smart door lock service Amazon Key, Amazon has launched another killer weapon, hoping that robots can replace couriers and can achieve door-to-door delivery at any time. (Source: Drive China)

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