#Laogao E-commerce Newsletter# [March 1 E-commerce Morning News] 1. Alibaba and Singapore Nanyang Technological University established the AI Joint Research Institute; 2. Behind Alibaba’s plan to acquire Ele.me: Ele.me had a brief contact with Meituan; 3. JD Supermarket launched a "brand value community"; 4. Baidu’s youngest VP “Li Jiaoshou” team is facing disbandment, and the “successful transformation” of the official account will eventually become empty; 5. India surpasses China and becomes the fastest-growing economy again; 6. The China Securities Regulatory Commission will open a fast track for the IPO of four types of unicorns, and the VIE architecture will not become an obstacle...
E-commerce newsletter
1. Alibaba and Nanyang Technological University of Singapore established joint AI research institute
On February 28, Alibaba officially announced that it has established a joint research institute with Nanyang Technological University in Singapore to carry out all-round cooperation in the field of artificial intelligence.
Alibaba said that this is the first joint research institution opened by Alibaba overseas, and there are currently 50 researchers. The United Research Institute will combine Nanyang Technological University's people-oriented artificial intelligence technology, as well as Alibaba's natural language processing (NLP), computer vision, machine learning and other technologies to further explore the cutting-edge of artificial intelligence technology, and gradually provide artificial intelligence solutions covering urban transportation, homes, retail, communities, hospitals and nursing homes to improve urban operation and management efficiency.
The two sides will also strive to build an open sharing platform, create a R&D ecosystem with artificial intelligence as the focus, and absorb top scholars, universities and research institutions in the field of artificial intelligence worldwide. (Source: NetEase Technology)
Joint Research Institute Launching Ceremony
2. Behind Alibaba's plan to acquire Ele.me: Ele.me had a brief contact with Meituan
According to "Finance", as of now, Ele.me has a valuation of US$9 billion, and Ele.me still has about US$500 million in debt, and its creditor is Alibaba. However, the final transaction price is pending and the final result will not be achieved after the due diligence is completed. The acquisition started from the pressure on Ele.me’s capital chain before the Spring Festival, and Alibaba extended its olive branch for the acquisition; at the same time, Ele.me had briefly contacted Meituan Dianping to negotiate on the possibility of the acquisition, and in the end, Alibaba bid higher. (Source: Cailianshe)
3. Cainiao jointly released the "China Green Logistics R&D Funding Plan"
On February 28, Cainiao, together with Alibaba Charity Foundation, China Environmental Protection Foundation, ZTO, YTO, Shentong, Tiantian, Best Express, Yunda and other major express delivery companies jointly released the "China Green Logistics R&D Funding Plan". (Source: Lianshang.com)
Cainiao jointly releases the "China Green Logistics R&D Funding Plan"
4. JD Supermarket launches a "brand value community?"
On February 28, today, JD Supermarket announced the establishment of a "brand value community" with brand owners, upgrading past cooperation to a "symbiotic cooperation" model, and evolving towards the integrated opening of "people, goods, and places" driven by big data and artificial intelligence. In the future, it will cooperate in depth with brand owners for win-win cooperation. (Source: Yibang Power Network)
5. SF Holdings Strategically Invest in China Bao Huaan Group
The media learned that SF Holdings will strategically invest in Chinabao Huaan Group. The two parties will establish a comprehensive strategic cooperative relationship between the domestic logistics express industry and the modern security service industry, create a new operation model and management model of China's logistics security, and provide modern security services for logistics security in the construction of the "Belt and Road". According to data, China Insurance Huaan Enterprise was founded in December 2007. It is an investment and management company specializing in the modern security service industry. It has established 24 security service subsidiaries and branches in 15 provinces, autonomous regions and municipalities across the country, and has established 5 professional companies and training schools that provide modern security services. Its service projects cover more than 110 cities across the country, and has initially formed a national service network and a modern security service industry chain. It has invested in and established security service enterprises and security management companies in 6 overseas countries and regions. (Source: Tencent Technology)
Internet news
6. The team of Baidu's youngest VP "Li Jiaoshou" is facing disbandment, and the "successful transformation" of the official account is finally here
36Kr learned from Baidu insiders that Li Jing, the vice president of Baidu and founder of the official account "Li Jiaozhou", has changed his position, and his team of hundreds of people will basically resign or transfer. Li Jing is the vice president of Baidu "airborne". At the end of December 2016, Baidu acquired Li Jing's company with wholly owned. Li Jing also joined Baidu with his team and served as Baidu's vice president, responsible for advertising creative business, and directly reported to Baidu's senior vice president Xiang Hailong. In addition, Li Jing wanted to do something "artificial intelligence + marketing" at that time. (Source: 36kr)
7. India surpasses China and becomes the fastest-growing economy again
The latest data released shows that India's GDP growth rate in the fourth quarter of last year was 7.2%, surpassing China's 6.8% during the same period, and once again became the main economy with the fastest growth rate.
Data released by the Indian Bureau of Statistics on Wednesday showed that India's economic growth rate in the fourth quarter of last year was 7.2%, better than expected, and significantly rebounded from 6.5% in the third quarter of last year, hitting a new high in five quarters. The Indian economy seems to have gradually escaped from the shackles of the "demise order" and has rejuvenated under the Goods and Services Tax Bill (GST) promoted by Prime Minister Modi. The Indian government expects India's economic growth rate to be 6.6% in the fiscal year ended March this year, down from 7.1% in the fiscal year 2016-2017.
In the future, more and more Chinese companies will go to the Indian battlefield. (Source: First Financial Daily)
8. China Securities Regulatory Commission will open a fast track for four types of unicorn IPOs, and the VIE architecture will not become an obstacle.
On the afternoon of February 28, according to Tencent Finance, citing people familiar with the matter, the Issuance Department of the China Securities Regulatory Commission recently provided guidance to relevant securities companies and relaxed the approval time and profitability of unicorn prospectuses in the four major industries. Unicorn companies in the four major industries of biotechnology, cloud computing, artificial intelligence, and high-end manufacturing report to the Issuance Department of the China Securities Regulatory Commission. If they comply with relevant regulations, they can be submitted and reviewed immediately without queuing up. "The review can be completed in two or three months." According to previous requirements, the prospectus is pre-disclosed to pre-disclosure update, with a time interval of 7 to 8 months. In addition, profit requirements can also be relaxed. (Source: 36kr)
9. Financial Times: Asian countries such as China will replace the West and become the global leader in technology
Last night, the Financial Times reported that this year, bias against emerging Asian economies and their businesses will be questioned.
The Financial Times believes that 40 years after China began reform and opening up, it may have reached a turning point. Just like the global financial crisis, Brexit and Trump's election as president of the United States, the West is not omnipotent. Investors should note that the technological advantages of developed countries will become the next sacred cow to be slaughtered. (Source: Phoenix Technology)
Cross-border newsletter
10. Acquisition of smart doorbell company: Amazon is taking another big game this time
Amazon is reportedly acquiring Ring, a smart doorbell maker, for a purchase price of $1 billion, becoming one of the well-known acquisitions in Amazon's history. A spokesperson for Ring confirmed the deal and expressed his willingness to be part of the Amazon team to make efforts for a safer neighborhood environment.
Ring smart doorbell can connect the doorbell with a camera to the user's mobile phone or computer, allowing people to see the couriers coming to the door and talk to them remotely. According to GeekWire, Amazon is expected to allow Ring to continue as a standalone business. (Source: Wall Street News)
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