#Laogao E-commerce Newsletter# [E-commerce Evening News on April 17]

　　#Laogao E-commerce Newsletter# [E-commerce Evening News on April 17] 1. JD.com responds that it will open 1,000 convenience stores every day: it is not mainly direct-operating cooperation model; 2. NetEase CEO Ding Lei: The era of using technological means to change education has arrived; 3. The list of West Lake University’s founding schools is full of big names! Wang Jianlin, Ma Huateng and others are on the list; 4. Hurun released the list of China's Q1 unicorns: Ant Financial Didi and Xiaomi top 3; 5. Deepthroat news: Some Mobike shareholders' investment returns are only 10%, slightly higher than financial management; 6. Details of Sun Hongbin's bribery were unexpectedly exposed that they had been involved in the case of Ma Baiyu, chairman of Tianjin Urban Investment...

　　E-commerce newsletter

　　1. JD.com responds that it will open 1,000 convenience stores every day: it is not mainly direct-operated cooperation model.

　　Recently, Liu Qiangdong, Chairman and CEO of JD Group, talked about one of JD's goals at the 2018 China "Internet +" Digital Economy Summit: to open 1,000 JD convenience stores every day by the end of this year. Liu Qiangdong said: "We need to use the franchise model to achieve a JD convenience store every 300 meters on a street. From now on, you may see that the streets are full of JD convenience stores." Data shows that as of March this year, JD convenience stores have opened 1,000 to 1,200 new stores per week, and have received 50,000 applications every day.

　　Liu Qiangdong repeatedly stated in his speech, "This is not someone's money to make", and this incident and amazing numbers quickly flooded the circle of friends. JD responded to this matter today: "The new store is not a convenience store in the traditional sense, not a direct store, but a cooperation model. According to different levels of high-quality stores, boutique stores and flagship stores, the owners of the cooperation must pay a warranty fee ranging from 5,000 to 20,000. In addition to providing high-quality supply, JD will also export brands, models and management." (Source: TechWeb)

　　2. NetEase CEO Ding Lei: The era of using technology to change education has arrived

　　On the afternoon of April 17, the Internet education brand NetEase Youdao announced the completion of its first strategic financing. Ding Lei, Chairman and CEO of NetEase, attended and delivered a speech. He believes that the era of using technological means to change education has arrived, and Internet education will become the next eye-catching growth point after the Internet. At the press conference, Ding Lei pointed out that technological means can pass education to every corner of the country, especially the combination of artificial intelligence and education. Ding Lei expressed his gratitude to NetEase Youdao's curiosity and innovation spirit and exploration in the field of AI.

　　Ding Lei believes that "technology can make Internet education more fair." (Source: Sina Technology)

　　3. Hurun released China's Q1 unicorn list: Ant Financial Didi Xiaomi Top 3

　　Ant Financial ranked first with a valuation of more than 400 billion yuan. Ant Financial plans to raise US$9 billion, with a valuation of nearly 1 trillion yuan. The data of the Hurun Unicorn Index this period ends on March 31.

　　33 new unicorn companies have been discovered, including Tencent Music leading the way with a valuation of 150 billion, followed by JD Logistics with a valuation of 70 billion, followed by Ping An Medical Insurance Technology and One Account, with a valuation of 50 billion. Among the newly listed companies, there are 10 companies from the Internet service industry, including Ziroom, Cao Cao Special Car, Tianxiaxiu and Dasouche; followed by the cultural and entertainment industry, with 5 companies, in addition to Tencent Music, Huya, etc.; secondly, the automobile transportation industry, with 4 companies, including BAIC New Energy, Chehejia and Xiaopeng Motors. The most headquartered in Beijing are 13, followed by 10 in Shanghai, 3 in Guangzhou and Shenzhen, 2 in Hangzhou, and 1 in Nanjing and Wuxi respectively. (Source: Hurun Research Institute)

　　4. The list of founding schools in West Lake University is full of big names! Wang Jianlin, Ma Huateng and others are listed

　　On the afternoon of April 16, the first campus meeting of the newly established West Lake University was held in Hangzhou, Zhejiang. This is another important node in the history of West Lake University after the Ministry of Education officially announced on April 2 that West Lake University was approved and established. The meeting first identified the members of the first board of directors of West Lake University. According to the relevant provisions of the "Share Lake University Charter", candidates for members of the first school board are elected by the West Lake Education Foundation, recommendation of local governments, recommendation of advisory committees, election of university faculty and staff representative conferences, and student elections. Based on this regulation, the meeting determined that Han Qide and other 21 candidates were members of the first board of directors of West Lake University, and it was determined that Qian Yingyi would serve as the chairman of the board of directors and Yang Zhenning would serve as the honorary chairman of the board of directors. Liu Minhao is the secretary of the school board of directors. (Source: Lianshang.com)

The list of founding schools in West Lake University is full of big names! Wang Jianlin, Ma Huateng and others are listed

　　Internet news

　　5. Deepthroat news: Some Mobike shareholders' investment returns are only 10%, slightly higher than financial management

　　Just as Meituan acquired Mobike and the news that founder Hu Weiwei cashed out 1.5 billion yuan spread everywhere, a person close to deep throat revealed to Chang Gengjun that the cash withdrawal amount was about 100 million yuan, which was only one fifteenth of the rumored amount. In addition, except for early investors, Happy Capital, most Mobike investors earn only 10-20%.

　　Some investors joked that the most celebrity entrepreneurial project in the Internet field in the past year has only a little higher investment return than Yu'ebao. This may expose some problems in the current investment philosophy of US dollar funds. (Source: Chang Gung tabloid)

　　6. NetEase Youdao's first strategic financing valuation is worth US$1.1 billion to enter the unicorn camp

　　NetEase Youdao, an Internet education brand with a well-known domestic user base, held a press conference and announced the completion of its first strategic financing. This round of financing was led by Muhua Investment and participated by Junlian Capital, with a post-investment valuation of US$1.1 billion. This move means that after NetEase Cloud Music and NetEase Weiyang, NetEase Youdao has become the third independently financed brand of NetEase and has also joined the China Internet Unicorn Club.

　　In his speech at the press conference, Ding Lei, Chairman and CEO of NetEase, said that online education will become the next eye-catching growth point on the Internet, and NetEase Youdao has become an important main force of NetEase Education. (Source: NetEase Technology)

NetEase Youdao's first strategic financing valuation is worth US$1.1 billion to enter the unicorn camp

　　7. Ministry of Commerce responds to the US ban on ZTE: It is ready to protect the legitimate rights and interests of Chinese companies at any time

　　China's Ministry of Commerce: ZTE has carried out extensive trade and investment cooperation with hundreds of American companies, contributing tens of thousands of jobs to the United States. We hope that the US side will handle it properly in accordance with the law and regulations, and create a fair, fair and stable legal and policy environment for enterprises. (Source: Tencent Technology)

　　8. Details of Sun Hongbin's bribery were unexpectedly exposed. He was involved in the case of Ma Baiyu, chairman of Tianjin Urban Investment.

　　An indictment from the First Branch of the Tianjin People's Procuratorate in 2015 was recently disclosed. The indictment unexpectedly revealed that Sun Hongbin, chairman of Sunac, had been involved in the famous Ma Baiyu case in Tianjin.

　　The People's Procuratorate's Case Information Disclosure Network recently released this detailed indictment (Public Prosecution and Criminal Prosecution of Tianjin Procuratorate No. 33 [2015]). In the indictment, the procuratorate accused Ma Baiyu, former chairman of Tianjin Urban Investment, of suspected abuse of power, neglect of duty, embezzlement of public funds, embezzlement, and accepting bribes. Her husband and son were also prosecuted for suspected corruption. Ma Baiyu was eventually sentenced to 18 years in prison.

　　The facts of bribery in the indictment mentioned that Ma Baiyu used her position to illegally accept property from Sun Moumou and others, including three commercial housing units given by Sun Moumou, equivalent to about 1.01 million yuan. (Source: China Finance Network)

　　9. Didi Chuxing announced the establishment of an automobile service platform

　　Didi Chuxing today announced the establishment of a one-stop car service platform, which will cover a number of existing car service and operation businesses such as car rental, refueling, maintenance and time-sharing leasing. It is committed to optimizing the travel industry chain and providing car owners in the society with leading experience, flexible, diverse, and cost-effective one-stop car service solutions for car owners in the whole society, including Didi car owners, to provide users with more efficient, stable and low-cost travel services.

　　Didi first proposed the torrent strategy internally in 2015, hoping to further build a one-stop service platform around car owners and cars on the basis of improving the one-stop travel platform around passengers, and ultimately become a future-oriented shared car operator. The establishment of the automobile service platform is a phased layout of the torrent strategy and reflects Didi's determination to strengthen the industry depth in the field of travel. (Source: NetEase Technology)

　　Cross-border e-commerce

　　10. The General Administration of Customs issues an announcement on standardizing cross-border e-commerce payment management

　　According to April 16, the General Administration of Customs recently issued an announcement on standardizing the registration and management of cross-border payment enterprises. The announcement shows that cross-border e-commerce payment enterprises should submit relevant qualification certificates when they go through registration or information registration procedures with the customs; cross-border e-commerce payment enterprises that have previously completed customs registration or information registration shall submit relevant qualification certificates to their local customs before May 31, 2018. If there is no additional submission, the information of their customs cross-border e-commerce payment enterprises will no longer be valid. (Source: Yibang Power Network)

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