#Laogao E-commerce Newsletter# [E-commerce Evening News on April 2]

　　#Laogao E-commerce Newsletter# [E-commerce Evening News on April 2] 1. Liu Qiangdong: Secret negotiations have been held for two years to acquire Tencent’s e-commerce business; 2. Wangwang, who sells fairy beans and milk steamed buns, actually wants to sell facial cleansers; 3. Liu Qiangdong sent a letter to reflect on Liuliu’s public complaints to upgrade corporate values; 4. Zhang Xuhao will serve as chairman of Ele.me, and Alibaba’s vice president Wang Lei will serve as CEO; 5. Meituan Taxi Shanghai 7 days: more than 2.2 million passengers, 40% of the orders involve food, drink and fun; 6. Wanda’s structural adjustment: The business group has been split and NetTech Group “disappeared”…

　　E-commerce newsletter :

　　1. Liu Qiangdong: Secret negotiations have been made for two years to acquire Tencent’s e-commerce business

　　Recently, Liu Qiangdong, founder of JD.com Group, said in an interview with financial writer Wu Xiaobo about JD.com's "Ten Years" that Tencent has handed over the e-commerce business to JD.com, and has previously had secret negotiations for two years. Regarding why Tencent invested in JD.com and handed over its e-commerce business to JD.com, Liu Qiangdong said that in fact, JD.com had been secretly negotiating with Tencent for two years before, and they had been hesitating. Later, Liu Qiangdong stayed in the United States for eight months. During this period, Tencent spent all its resources, fought hard in price wars, and desperately invested in logistics. Liu Qiangdong has not answered the phone or held morning meetings in the past few months. He just received emails regularly every week and completely let his brothers fight against them. As a result, a few months later, the gap between Tencent and JD.com not only did not narrow, but became even bigger. So Ma Huateng and Liu Chiping said that this battle could not be fought. "As soon as I returned to China, they decided to give me the e-commerce plan," said Liu Qiangdong. (Source: Lianshang.com)

　　2. Liu Qiangdong sent a letter to reflect on Liuliu's public complaints to upgrade corporate values

　　On March 30, Liu Qiangdong issued an internal letter to all employees due to the JD.com Liu Liu incident. Liu Qiangdong said that after the incident, all the executives of the group conducted many analysis of this case and carried out profound reflections. To this end, the company specially launched a customer satisfaction criterion with higher standards throughout the process and established a customer experience department at the group level, using consumer experience as the only basis and judgment standard to promote various departments to improve service level, quality and customer satisfaction. This should be the first time in JD.com’s history to make a deep reflection and structural adjustment across the company. (Source: Lianshang.com)

Liu Qiangdong sent a letter to reflect on Liuliu's public complaint

　　3. Wangwang, who sells fairy beans and small steamed buns, actually wants to sell facial cleanser

　　On March 30, 2018, the official Weibo @Wangzai Club of Shanghai Wangwang Trading Co., Ltd. released a new product of the Wangwang Daily Chemical Series. This should be the most popular one since Wangwang opened his Weibo account. In the past two days, he has reposted it and left more than 6,500 messages. The number of content reposts and comments posted by Wangzai Club are usually within three digits. (Source: Lianshang.com)

Wangwang, who sells fairy beans and small steamed buns, actually wants to sell facial cleansers

　　4. Zhang Xuhao will serve as chairman of Ele.me, and Alibaba Vice President Wang Lei will serve as CEO.

　　On the morning of April 2, Alibaba Group, Ant Financial Group and Ele.me jointly announced that Alibaba has signed an acquisition agreement and will jointly complete the full acquisition of Ele.me with Ant Financial for US$9.5 billion. Zhang Xuhao, founder and CEO of Ele.me, will serve as chairman of Ele.me, and Wang Lei (nickname: Kunyang), vice president of Alibaba Group, will serve as CEO of Ele.me. (Source: Chuangyebang)

　　Internet Information

　　5. ofo issued a statement on April Fools' Day rumors, denying that it is negotiating a merger with Mobike

　　On the afternoon of April 2, ofo issued a statement to deny the rumors that "ofo and Mobike are negotiating a merger." On April Fool's Day, April 1, a media said that a person familiar with Mobike said that Mobike and ofo are discussing the merger, and the promoter behind it is Tencent, the investor of Mobike. However, the article also marked the words "purely fiction". In response, ofo stated that it has asked the relevant online accounts to clarify and delete false rumors and will reserve the right to resort to law. (Source: Sina Technology)

　　6. Meituan Taxi Shanghai 7 days: More than 2.2 million passengers, 40% of the orders involve eating, drinking, and having fun

　　At noon on April 2, Meituan Taxi announced its 7-day record of Shanghai launch today. As of 24:00 on March 27, within 7 days of launch in Shanghai, the platform has served nearly 2.2 million passengers in total. Among all completed orders, 40% are related to leisure and entertainment scenarios such as food, drink, entertainment, and form synergy with Meituan Dianping's catering, in-store comprehensive and hotel tourism businesses. (Source: Sina Technology)

　　7. Wanda's architecture adjustment: The business group has been split and NetTech Group "disappears"

　　Wanda's four major industrial groups have been changed from business, culture, finance, and network technology to business management, culture, real estate, and finance. The "disappearance" of NetScience Group may mean that NetScience business no longer operates in the form of a business group.

　　万达官网的信息显示，万达集团旗下的四大业务集团，由此前的商业、文化、金融、网科，悄然变更为商管、文化、地产、金融。最显著的变化有三：商业集团更名为商管集团，地产集团成立，网科集团消失。这或许意味着网科业务不再以业务集团的形式来运作。

　　As of press time, Wanda has not responded positively to the structural adjustment. (Source: 21st Century Business Herald)

　　8. Zhang Xu sent an employee letter: consistent with Alibaba's vision and will insist on independent operation

　　Alibaba Group, Ant Financial Group and Ele.me jointly announced that Alibaba has signed an acquisition agreement and will jointly complete a wholly-owned acquisition of Ele.me for US$9.5 billion.

　　On the same day, Chairman Zhang Xuhao sent an employee letter to the employees to announce the news. In the employee letter, Zhang Xuhao said that Ele.me will integrate into Alibaba's ecosystem in the future, while continuing to maintain an independent brand and operate independently.

　　张旭豪表示，藉着这笔中国互联网史上知名规模收购，饿了么也正式成为“超级独角兽”。从10年前的交大宿舍创业到现在，饿了么聚集起2.6亿用户、200多万商家和300多万配送员。

　　In the employee letter, Zhang Xuhao believes that whether it is traditional catering takeaway or the rising new retail, the current market penetration rate is still very low and requires long-term promotion and deep cultivation. The choice to fully integrate into the Alibaba ecosystem is to better continue along this path. (Source: NetEase Technology)

Zhang Xuhao

　　9. Alibaba obtained exclusive domestic agency rights for "Travel Frog"

　　On April 2, Alibaba Group announced a strategic cooperation with Japanese game company Hit-Point and obtained Hit-Point authorization to exclusively release its phenomenon-level mobile game "Travel Frog" in mainland China. It officially announced that this "frog" that has attracted countless users' concerns to come to China. (Source: NetEase Technology)

Alibaba obtains exclusive domestic agency rights for "Travel Frog"

　　Cross-border e-commerce

　　10. Cross-border e-commerce industry IPO company Ecovacs has entered the A-share market! A total of 912 million yuan was raised

　　Recently, Ecovacs officially passed the initial public offering review and will be listed on the A-share market, issuing 40.1 million shares, and raising 912 million yuan.

　　It is reported that Ecovacs is an intelligent manufacturing company focusing on home service robots. Its market share in China has reached 50%, among which the Asia-Pacific region ranks first and Europe ranks second, far surpassing iRobot and other companies. In 2016, Ecovacs began cross-border business and developed rapidly, with a maximum cross-border customer unit price of 1.5 times that of China.

　　Ecovacs' prospectus shows that the company's current operating conditions are relatively stable and its asset size is growing steadily. From January to June 2017, Ecovacs' revenue exceeded 1.9 billion yuan, net profit exceeded 160 million yuan, gross profit margin was 34.35%, and net profit margin was 8.21%, an increase of 3.27% over the previous year. (Source: Hugo.com)

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