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#Laogao E-commerce Newsletter# [March 7 E-commerce Evening News Brief]

2018-03-07

   #Laogao E-commerce News# [E-commerce Evening News Brief on March 7] 1. Liu Qiangdong: Be a "village chief" who lives up to expectations and deserves his heart; 2. Alibaba and JD.com are competing to make efforts in blockchain, who will lead blockchain e-commerce and logistics? ;3. Beijing Consumer Association: Nearly 90% of users believe that APPs over-collect personal information; 4. WeChat’s global accounts have exceeded 1 billion, which may come from overseas; 5. Uncle Kai’s storytelling completed a B+ round of financing of 156 million yuan; 6. Kuaishou’s pornography exposure to the unspoken rules of the live broadcast industry: there are loopholes in identity binding and review...


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   E-commerce newsletter:

   1. Liu Qiangdong: Be a "village chief" who lives up to expectations and deserves his heart

   Member of the National Committee of the Chinese People's Political Consultative Conference, Chairman and CEO of JD Group. He served as a member of the 12th Shanghai Municipal Committee of the Chinese People's Political Consultative Conference. He was elected as a member of the National Committee of the Chinese People's Political Consultative Conference for the first time this year and plans to submit three proposals, including "People's Role of E-commerce and Creating a "New Channel" for Poverty Alleviation". When facing reporters, what kind of "village chief" do you want to be? When asked a question, Liu Qiangdong replied: I hope I can try my best to be a "village chief" who lives up to expectations and deserves his heart! (Source: Southern Metropolis Daily)

   2. Alibaba and JD.com are competing to focus on blockchain, who will lead blockchain e-commerce and logistics?

   China's two major e-commerce giants are setting off a new competition for the application of blockchain technology. Recently, Alibaba and JD.com have successively reported the latest progress on blockchain. The key to this game is who can deploy regional blockchain technology faster and expand to become the largest blockchain traceability platform. (Source: Finance Network)

   3. UnionPay Chairman Ge Huayong: It is recommended to speed up the research and formulation of the "Electronic Payment Law"

   Ge Huayong, member of the National Committee of the Chinese People's Political Consultative Conference and chairman of China UnionPay, and Jin Penghui, deputy director of the Shanghai Headquarters of the People's Bank of China and president of the Shanghai Branch, and director of the Shanghai Branch of the State Administration of Foreign Exchange, jointly suggested that we should learn from the legislative experience of strong supervision in the payment field in Europe, the United States and other countries, and speed up the research and formulation of the "Electronic Payment Law", clarify the rights and obligations of all parties involved in the industry and the division of supervision responsibilities from the legal level, so as to prevent payment risks and protect consumer rights. (Source: Pengpai)

   Internet Information

   4. Beijing Consumer Association: Nearly 90% of users believe that APPs over-collect personal information

   While mobile APPs bring convenience to people, they also cause trouble to many consumers due to excessive collection of personal information. The Beijing Consumer Association released a survey report on the personal information security of mobile APP on the morning of March 7. Nearly 80% of the respondents have been collected by mobile APPs. Nearly 90% of the respondents were worried that their personal information would be trafficked. (Source: Legal Evening News)

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Beijing Consumer Association: Nearly 90% of users believe that APPs over-collect personal information

   5. Most of WeChat’s global accounts have exceeded 1 billion, which may come from overseas.

   British media said that China's dominant social media platform WeChat has reached 1 billion global accounts, highlighting that this service, which is omnibusy from communications to shopping, continues to expand its tentacles.

   According to the Financial Times website on March 6, Ma Huateng, CEO of Tencent, the most valuable listed company in China, which owns WeChat, said the platform broke the milestone figure during the Lunar New Year last month. (Source: Reference Message)

   6. Yao Jinbo: I hope to return to A-shares, I am optimistic about blockchain but I will never issue coins

   At the 58.com media communication meeting held on March 4, National People's Congress representative and 58 Group CEO Yao Jinbo said in his answer whether he would consider returning to the A-share market that when he went public, the company had no other choice because the company was in a loss state. In the past four years, the stock price of 58.com has increased by four or five times. Many Chinese netizens know that 58.com is a very valuable platform, but they cannot buy stocks. "As a platform well-known to the Chinese people, we really hope to have the opportunity to return to A-shares and create value for Chinese shareholders. Now there are securities companies and exchanges looking for us, and we will be very open to embracing such opportunities." (Source: NetEase Technology)

   7. Uncle Kai completed a B+ round of financing of 156 million yuan

   On the morning of March 7, Uncle Kai's Storytelling officially announced the completion of a B+ round of financing of RMB 156 million. This round of financing was led by Weiying Capital, Zhengxin Valley Venture Capital, and Shanghai Kunyan Investment, followed by Zhixin Capital and Qianhai Mother Fund. Huaxing Alpha serves as the exclusive financial advisor for the financing.

   After this round of financing, Uncle Kai’s storytelling will begin to enter a period of explosive growth, and gradually form a mature business closed loop of “hot IP + multi-form commercialization”. (Source: Sina Technology)

  8. Kuaishou’s pornography exposure to the unspoken rules of the live broadcast industry: There are loopholes in identity binding and review

   Recently, Blue Whale TMT reporters received a leak from users that many netizens reported on Weibo that "Kuaishou" was involved in pornography again late at night, and posted video screenshots, and some anchors even quit their jobs to be pornographic anchors. To this end, the Blue Whale TMT reporter launched an investigation.

   Regarding the doubts about pornography, the relevant person in charge of Kuaishou Public Relations replied to Blue Whale TMT that the platform has a very strict review of the anchor. Once pornography is found, the account will be banned within one second. Due to the issue of account theft, pornography problems will continue to be repeatedly banned. However, industry insiders do not seem to buy it. He believes that pornographic live broadcast reflects a hidden rule in the online live broadcast industry. The platform should be cured from the source.

   As for the existence of account theft problem, it shows that the platform has identity binding and audit loopholes. (Source: Blue Whale TMT.com)

   Cross-border e-commerce

   9. Amazon loses the Chinese market, Bezos wants to spend $5.5 billion to win in India

   March 7 news, according to foreign media reports, Jeff Bezos was determined to win in India after losing to rivals Alibaba and JD.com in the Chinese market. India is a market with a population of 1.3 billion, and consumers' interest in online shopping is growing.

   The Amazon CEO has pledged $5.5 billion to India and wisely choose Amit Agarwal to spend the money. Amit Agarwal, 44, raised in Mumbai, is a trusted Amazon India business leader who admires his boss and Bollywood star Amitabh Bachchan with nearly equal enthusiasm. He is frantically integrating Amazon into the local market environment. (Source: NetEase Technology)

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Amazon loses Chinese market Bezos wants to spend $5.5 billion to win in India


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