#Laogao E-commerce Newsletter# [E-commerce Evening News on April 11]

　　#Laogao E-commerce Newsletter# [E-commerce Evening News on April 11] 1. Taobao issued an announcement to completely ban the sale of virtual currencies; 2. Pinduoduo completed a new round of US$3 billion financing and led by Tencent; 3. Didi said that its share in Wuxi's takeaway market rose to the top, and Meituan questioned it; 4. Wuxi Municipal Bureau of Industry and Commerce urgently summoned three major takeaway platforms, demanding that it immediately stop unfair competition and monopoly behaviors be stopped; 5. Alibaba Wang Jian: The statement that "the Internet enters the second half" is fabricated...

　　E-commerce newsletter

　　1. Taobao issued an announcement to ban the sale of virtual currencies

　　On April 11, Taobao decided to change the "Taobao Products Banned". Before the change, Taobao only banned the sale of "Internet virtual currencies such as Bitcoin and Litecoin and related goods"; after the change, the scope of ban expanded to "digital products and derivative services such as virtual currencies generated based on blockchain technology." In the specific situation of ban on sales, Taobao added mentions of PPCoin and NameCoin, and explicitly prohibited digital pets such as encrypted cats; and in the specific situation, ICO derivative services are also ordered to be banned. (From: Interface)

　　2. Pinduoduo completes a new round of US$3 billion financing led by Tencent

　　It was learned from two independent sources close to Pinduoduo that social e-commerce Pinduoduo has recently completed a new round of financing, with a total amount of about US$3 billion and a valuation of nearly US$15 billion. Investors include Tencent and Sequoia, with Tencent being the leading investors. 36Kr asked Pinduoduo for verification. As of press time, the other party has no reply yet. In Pinduoduo's B financing announced in July 2016, Tencent is one of many investors. This betting shows that Pinduoduo's rapid growth is becoming more and more important to Tencent, which is focusing on retail. (Source: 36Kr)

　　3. Didi says its share of takeaway market in Wuxi has risen to the top, and Meituan questions order swiping

　　Didi Takeout announced yesterday that after 8 days of trial operation, its order volume on the first day of its official launch in Wuxi reached 334,000, "Wuxi has the largest market share." In response, another takeaway giant, Meituan, responded that it was "first in the Wuxi market." After the travel field, Didi and Meituan have started to "smash" in the takeaway field. (Source: Tencent Technology)

　　4. Wuxi Municipal Bureau of Industry and Commerce urgently interviewed the three major takeaway platforms, demanding that unfair competition and monopoly behaviour be stopped immediately

　　Su Yiling, deputy director of Wuxi Municipal Bureau of Industry and Commerce, said that she recently received complaints from merchants that the merchant was forced to be removed from the Meituan and Ele.me platforms after Didi Takeout launched catering services. After preliminary investigation, the relevant takeaway platforms have unfair competition and monopoly business operations. Su Yiling believes that the high-subsidy behaviors carried out by the three takeaway service platforms cannot be simply understood as "the dividend of inclusive consumers", which will lead to the merchant's ability to accept orders and takeaway delivery exceeding the upper limit, and the frequent occurrence of order delays and cancellations, affecting the normal operation of merchants and user consumption experience, and will have an adverse impact on the consumption environment in Wuxi. Based on this, the Wuxi Municipal Bureau of Industry and Commerce requires relevant food delivery platforms to immediately stop suspected illegal activities of unfair competition and monopoly, actively assist law enforcement departments in conducting investigations, truthfully provide relevant information, and self-inspection and correction of business behaviors. Wuxi Municipal Bureau of Industry and Commerce will then conduct in-depth law enforcement investigations. If improper behavior is verified, it will be handled in accordance with the law. (Source: 36kr)

　　Internet news

　　5. TikTok’s comprehensive rectification of today’s Toutiao celebrity products

　　Douyin said that from now on, in order to better provide services to users, Douyin will comprehensively upgrade the system, and the live broadcast function and comment function will be temporarily stopped using it, and will be activated again after the upgrade is completed.

　　This Douyin system upgrade will further improve the content review standards, optimize the review process, and strengthen the management of platform content, including comments and live broadcasts. During the upgrade process, Douyin will adhere to a positive, upward and healthy product orientation and continue to build a positive video content pool. (Source: 36kr)

　　6. Shenma Search sued Sogou traffic hijacking case: traffic was hijacked with 1.897 billion data

　　At noon on April 11, the case of Shenma Search suing Sogou Company for illegal traffic hijacking will be held in Haidian Court this month.

　　It is reported that Shenma Search claimed that Sogou used the candidate word function of Sogou input method to direct traffic that originally belonged to Shenma Search to Sogou Search, and requested a compensation of 102,490,175.74 yuan. In addition, in this lawsuit, Shenma Search provided the court with 1.897 billion hijacked traffic data. (Source: Sina Technology)

　　7. "Play" online on QQ, benchmarking WeChat games

　　According to GameLook, Tencent recently pushed the latest test version of mobile QQ to some Android users and launched a new feature called "play it" which seems to be benchmarking with WeChat's "small games". It is understood that the current "play" requires downloading the latest QQ test version v7.5.8 (the public version is v7.5.5), and only some Android users who have received the test qualification can experience it. Compared with the mini games on WeChat, "Play Yiwan" has added the community function and has also launched the chat room function. (Source: New List)

　　8. WeChat and QQ will suspend the direct playback function of external links of short video APP

　　On April 11, after Kuaishou, Volcano Video and other APPs were removed from the shelves and Neicon jokes were forever shut down, WeChat and QQ will also suspend the external link direct playback function of short video APPs during the Internet short video rectification period. The APPs involved include Weishi, Kuaishou, Douyin, Xigua Video, etc. If the user needs to watch it, you can still copy the URL link and play it with your browser. (Source: Tencent Technology)

WeChat and QQ will suspend the direct playback function of external links of short video APP

　　9. Ali Wang Jian: The statement that "the Internet enters the second half" is fabricated

　　On April 11, the Boao Forum for Asia entered its last day, and representatives from the Internet and investment circles held heated discussions on the "second half of the Internet".

　　As a guest of the sub-forum, Wang Jian, chairman of Alibaba's Technical Committee, sang the "opposite tune". He pointed out that the Internet has no second half, and it is the Internet "giants" that entered the second half.

　　"The second half of the Internet was fabricated. There is no such thing. Who made it up? It was fabricated by today's big Internet company, it was the 'second half' of today' of the Internet, not the 'second half' of the Internet." Wang Jian said straight to the point in his speech. (Source: Pengpai)

Ali Wang Jian: The statement that "the Internet enters the second half" is fabricated

　　Cross-border e-commerce

　　10. Wish seller is prosecuted for fraud and cross-border e-commerce counterfeit goods difficult to cut off

　　According to April 11, cross-border e-commerce counterfeit goods are becoming a difficult problem for major brands and platforms to eliminate. New York street fashion brand Off-White recently filed a lawsuit in the New York federal court, suing 161 sellers selling counterfeit Off-White products on the e-commerce platform Wish.com.

　　Off-White said that the 161 sellers suspected of selling counterfeits sold a total of more than $41 million worth of stores on the Wish platform, of which $1.18 million was a counterfeit product of Off-White, which had a serious impact on the brand's image and profits. Off-White requires wish to pay a $2 million fine for each seller selling counterfeit goods, with a total claim of up to $300 million, and also requires immediate removal of counterfeit goods. According to the E-commerce News, Off-White was founded in 2013 and was founded by Virgil Abloh. Virgil Abloh emphasized in a memorandum filed with the court that such behavior by Wish.com has had a serious impact on the relationship between Off-White and consumers and retailers, and has taken a huge blow to Off-White's ability to attract new customers. (Source: E-commerce News)

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