#Laogao E-commerce Newsletter# [March 5 E-commerce Evening News Brief]

       #Laogao E-commerce News# [E-commerce Evening News on March 5] 1. Liu Qiangdong: As long as the system allows JD.com is very willing to return to A-shares; 2. Hema Hou Yi once again bombed JD.com Logistics lacked resource support on JD.com; 3. Amazon imposed a 6% sales tax in some states in the United States; 4. 58.com joins the camp and Chinese stocks listed in the United States have never been so enthusiastic about "returning to China"; 5. Ofo and Mobike resume monthly card Investors: hope to end the money-burning war; 6. Last year, my country's total cross-border e-commerce imports and exports increased by more than 80% year-on-year...

       E-commerce newsletter

       1. Liu Qiangdong: As long as the system allows JD.com is very willing to return to A-shares

       Regarding the recent China Securities Regulatory Commission encourages emerging companies to go public and whether JD will return to A-shares, Liu Qiangdong, member of the National Committee of the Chinese People's Political Consultative Conference and chairman of the board of directors of JD Group, said in an exclusive interview with the Securities Times reporter, "This matter is very simple. As long as the system allows, we are very willing to come back to A-shares. Now it is mainly a question of listing rules, not ours." (Source: Securities Times)

       2. Hema Hou Yi once again bombed JD Logistics lacked resource support on JD.com

       In Hou Yi's view, JD.com's logistics system has reached a time when it has to change. What makes people feel more at ease than an "enemy" who knows oneself and one's enemy?

       In February 2018, JD.com adjusted its delivery fee standards, and was accused by some consumers of "the price increase was too large." In the past two years, JD.com has made at least four adjustments, including a significant increase in the threshold for exemption of basic freight and an increase in the threshold for renewal.

       Comments from Hou Yi, CEO of Hema Fresh, followed one after another. He publicly pointed out on social media, "Why is JD freight rising again and again? The root lies in the cost issue. JD is a centralized logistics system in the PC era. The initial cost is higher, but the experience is good, and the unit cost will naturally drop as the scale expands. The problem is that centralized logistics must have a critical point of the best scale. After exceeding the critical point, the efficiency will decrease, and the cost will not decrease but increase." (Source: NetEase Technology)

       Hema Fresh CEO Hou Yi

       3. JD.com’s blockchain technology can track the entire Australian beef process

       Chinese e-commerce giant JD.com is turning to blockchain technology, which wants to use it to let consumers track where the Australian beef they buy. JD.com is a partner of Walmart and a powerful rival of Alibaba. JD.com said consumers will be able to track every piece of Australian beef, and even to Australian farms that produce beef. This tracking system is one of the cooperation between JD.com and Australian beef maker HW Greenham & Sons Pty Ltd. (Source: BI Chinese website)

       4. Amazon levies 6% sales tax in some states in the United States

       According to a report by CNBC website on March 3, Beijing time, the company has notified third-party sellers that it will soon start levied sales tax on goods sold to Pennsylvania. Amazon said on a merchant-only seller platform that starting April 1, Amazon will "calculate, collect and allocate sales tax" for orders delivered to Pennsylvania users. An Amazon spokesperson confirmed the policy.

   Amazon's new service is called Marketplace Tax. Pennsylvania is the second U.S. state to be levied on e-commerce sales tax after Amazon’s headquarters. Pennsylvania lawmakers passed a bill last year that required internet merchants to impose sales taxes, creating a level playing field for brick-and-mortar stores. (Source: Phoenix Technology)

       5. "Fallen" with Google, it is said that Amazon CEO Bezos personally ordered the ban on Nest devices

       Once Nest's current inventory clears on Amazon, Amazon will no longer sell the product. In fact, as early as last year, Amazon began to refuse to sell Nest's latest products, such as the Nest home surveillance camera Cam IQ and the latest generation of smart thermostats. (Source: Foreign media BusinessInside)

       Internet Information

       6. Xingaoqiao joins forces with Meituan’s three major convenience store brands to enter the market

       On March 5, Hunan chain retail enterprise and fast-selling product platform Xin Gaoqiao announced that its strategic cooperation project with Meituan was officially launched. It is reported that hundreds of convenience stores under Xintakaqiao have entered the Meituan platform. Its official introduction said that Xingaoqiao Group has signed a cooperation agreement with Meituan for its three major retail brands, "Happy Hui", "Xingaoqiao" and "Koala" to enter Meituan Takeout. To this end, Xingaoqiao will also recycle the stores that have previously launched Meituan to the Xingaoqiao E-commerce Operation General Account, and set up a brand logo. Xingaoqiao E-commerce will connect with the Meituan brand chain for unified maintenance, management, event operation, and online promotion. (Source: Yibang Power Network)

       Xintakahashi joins with Meituan

      7. 58.com joins the camp and Chinese stocks listed in the United States have never been so enthusiastic about "returning to China"

       At the National People's Congress and the Chinese People's Political Consultative Conference, a large number of Chinese stocks listed in the US stock market expressed their willingness to return to their motherland to go public. 58.com is the latest one.

       On March 4, Yao Jinbo, a member of the National People's Congress and CEO of 58.com Group, talked about the recent hot topic of returning to A-shares during the Two Sessions, saying that 58.com had no choice to go public that year, and the company was in a loss-making stage and was suitable for listing on the US stock market at that time. Since its listing, the stock price of 58.com has risen 4 times, but Chinese netizens have not enjoyed this benefit. I sincerely hope to have the opportunity to return to A-shares and create value for Chinese stockholders.

       Yao Jinbo said that he is currently in contact with relevant securities companies and exchanges with an open attitude, whether using CDR or other forms, hoping to become the first companies to return to A-shares from the US stock market.

       On the same weekend, NetEase Chairman Ding Lei, Baidu Chairman Robin Li, and Sogou President Wang Xiaochuan, all said that he was considering returning to the domestic stock market. (Source: Wall Street News)

       8. ofo and Mobike resume 20 yuan monthly card investors: Hope to end the money-burning war

       After the Spring Festival, as the weather warms up, more and more people ride shared bicycles. Many users find that after a while, when they open the Mobike and ofo apps again, what awaits them is the charging prompt interface.

       Mobike users reported that the cycling monthly card with the original discount price of 2 yuan/month has been restored to the original price of 20 yuan/month, and the quarterly card price has also been adjusted from 5 yuan/month to 60 yuan/month; ofo users found that the free joint card and the activity of purchasing monthly card for 1 yuan have also been cancelled.

       Industry insiders pointed out that the adjustment of riding prices shows that Mobike and ofo want to end the blind price war and charges return to rationality. (Source: IT Times)

      Cross-border e-commerce

       9. Aiming at the food delivery market, Amazon plans to launch Amazon Fresh in France

       US e-commerce giant Amazon plans to launch Amazon Fresh food delivery service in France as part of its global expansion. Amazon's acquisition of Whole Foods in the United States last year sparked speculation that it will target European food and supermarket industries next. (Source: China Post Express)

       10. Last year, my country's total cross-border e-commerce imports and exports increased by more than 80% year-on-year.

       Yu Guangzhou, Director of the General Administration of Customs, recently said that cross-border e-commerce, as an emerging business model, is booming in my country. In 2017, the total retail import and export volume through the customs cross-border e-commerce management platform reached 90.24 billion yuan, an increase of 80.6% year-on-year. (Source: Weibo)

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