#Laogao E-commerce Newsletter# [May 10th E-commerce Evening News]

　　#Laogao E-commerce Newsletter# [May 10th E-commerce Evening News Brief] 1. "Ali Day" CEO Zhang Yong thanked Alibaba's family: The whole family is working hard to create more value for society; 2. Liu Qiangdong: In the future, JD.com will fully realize "unmanned company"; 3. Social e-commerce has become a new trend? Rise is restricted by WeChat traffic diversion; 4. Tencent’s major shareholder made another profit: selling Indian e-commerce shares to make a profit of US$1.6 billion; 5. Alipay’s North American head: Alipay wallet is not prepared for Americans; 6. The flight attendant was killed by a ride-sharing, Didi: He felt extremely guilty and was cooperating with the police...

　　E-commerce newsletter

　　1. "Ali Day" CEO Zhang Yong thanked Alibaba's family: The whole family is working hard to create more value for society

　　May 10 is the 14th "Ali Day", and it is also the first "China Brand Day" advocated by the country. This year, Zhang Yong, CEO of Alibaba Group, who is the only representative of the Internet company, participated in the "China Brand Day" event, could only thank Alibaba's relatives and friends through a video. "The whole family is giving, but it is not just working for Alibaba." Zhang Yong pointed out that the feelings of family and country are the innate temperament of Alibaba. It is precisely because of the support of family that Alibaba people can work selflessly, let Alibaba represent China's digital economy to the world, and create more responsibilities and value for society. (Source: Qianniu Radio)

　　"Ali Day" CEO Zhang Yong thanked Alibaba's family: The whole family is giving to Alibaba to create more value for society

　　2. Liu Qiangdong: In the future, JD.com will fully realize "unmanned company"

　　At the Spanish World Retail Conference, Liu Qiangdong announced that the number of employees on JD will be reduced by half in the future, and only 2-3 hours a day will be required to fully realize "unmanned company" and use AI technology to subvert traditional management and service methods. In the next ten years, JD.com's employees will be reduced from 160,000 to 80,000 now. (Source: Yibang Power Network)

　　3. Is social e-commerce a new trend? Rise is subject to WeChat traffic diversion

　　Social e-commerce Global Catcher will conduct a new round of financing around mid-May, with investment institutions including Shunwei, Jingwei, Zhen and other institutions. On May 9, the Global Catcher confirmed the financing news to the Beijing News reporter, but did not disclose the specific amount.

　　In recent times, many social e-commerce companies have gathered to raise funds and sprint for IPOs. Social e-commerce platforms represented by Yunji, Pinduoduo, Youzan, etc. have successively received financing, and social shopping guide e-commerce has "what is worth buying" has made an IPO. Tencent's "Beautiful Saying" is also rumored to have negotiated with several investment banks on US IPOs.

　　When traffic dividends have become a thing of the past, the cost of e-commerce customer acquisition continues to increase, and social platforms that can achieve fission-like growth have become the focus of capital and giants, and social e-commerce is becoming a new trend. However, to truly take off in the wind, social e-commerce needs to reflect on the disadvantages of the model and how to avoid being restrained by social giants such as WeChat. (Source: Beijing News)

　　4. Tencent’s major shareholder makes another profit: selling Indian e-commerce shares to make a profit of US$1.6 billion

　　According to foreign media reports, Naspers, a media group headquartered in Johannesburg, South Africa, recently made a profit of US$1.6 billion by selling its 11% stake in Indian e-commerce startup Flipkart, a deal that is almost comparable to the company's sale of Polish online auction website Allegro in 2016. Naspers' move has gained ample cash flow and also helped boost investor confidence in the company.

　　According to South African newspapers, Africa's largest Naspers company invested $32 million in Tencent 17 years ago, and the value of this investment is now close to $150 billion. Six weeks ago, Naspers sold a stake in Tencent worth about $10 billion. (Source: NetEase Technology)

　　5. Alipay North American person in charge: Alipay wallet is not prepared for Americans

　　According to payments source, China's Alipay has rapidly expanded its business in North America in the past year. Foreign media commented that Alipay has entered a strategic growth stage in North America.

　　The head of Alipay North America said that this is to provide services to more and more Chinese tourists.

　　On May 9 local time, Souheil Badran, president of Alipay America, pointed out in a speech at the SourceMedia Card forum held, "Alipay's geographical coverage in the United States and Canada has not expanded, but has doubled the acceptance of merchants in urban areas and tourist areas to drive more mobile payments." (Source: Global Network)

　　6. WeChat blockchain mini program is back online, and the service fee starts from 3 yuan

　　The WeChat blockchain mini program "Small Agreement" has been launched again today. The program page shows that writing to the blockchain requires paying miners' fees, and the fees are positively correlated with the number of words, and the service fee starts at 3 yuan. It is reported that the small protocol is certified by WeChat ID. Each WeChat user has a unique and fixed identity ID in the small protocol. This ID is associated with the specific WeChat user's contact number, ID number, and bank card. (Source: Wall Street News)

　　Internet news

　　7. Himalaya may rebuild VIE to Hong Kong for IPO with a valuation of US$4 billion

　　On May 10, Qingdao Urban Media Co., Ltd. (hereinafter referred to as "City Media") issued the "Announcement on the Plan to Participate in the Subscription of USD Funds".

　　The announcement shows that City Media will subscribe to the Grand Everlasting Limited Partnership (hereinafter referred to as the "U.S. dollar fund") with no more than US$40 million of its own funds. The US dollar fund will invest in a domestic mobile Internet audio industry company (hereinafter referred to as the "target company"), and is expected to indirectly occupy about 1% of the target company's equity. ?

　　An industry insider revealed to All-Weather Technology that the target company is indeed Himalaya. This move is that Himalaya wants to rebuild the VIE structure, "reprint out" domestic old shareholders such as Qianhai Xingwang, and then list in Hong Kong.

　　Based on this calculation, Himalaya's current valuation may reach US$4 billion (approximately RMB 25.464 billion).

　　All-weather technology asked Himalaya for confirmation on this news, and the public relations staff said: "I don't know." (Source: Wall Street News)

　　8. The flight attendant was killed by a ride-sharing. Didi: He was very guilty and cooperated with the police.

　　On May 4, a 21-year-old flight attendant took a car from Zhengzhou Airport Port District late at night to the city. By the morning of May 6, the family found that they had lost contact with the flight attendant. Later, information from the police confirmed that the flight attendant had been killed. The murderer is still absconding and the public security organs are making every effort to arrest him.

　　In response, Didi said that it felt extremely sad and guilty about the murder of the passengers who hitchhiked in Zhengzhou. It has set up a special working group to closely cooperate with the police in carrying out the case investigation. The case is currently being solved.

　　Didi said it will do its best to follow-up work and conduct comprehensive and thorough investigations on various businesses to avoid similar incidents. (Source: NetEase Technology)

The flight attendant was killed by a ride-sharing. Didi: He felt extremely guilty and was cooperating with the police.

　　9. Apple cracks down on: Sending location to a third party without consent will be banned

　　According to the tech blog 9to5mac website, in the past few days, Apple seems to have begun cracking down on applications that share location data with third parties. In several cases, Apple has been deleting apps with the problem and notifying developers that their apps violated its App Store Review Guidelines rules.

　　So far, there have been several cases of Apple cracking down on such applications. The company notified developers via email that their app violated Sections 5.1.1 and 5.1.2 of the App Store Audit Guide, which involves sending user location data and user consent to the data being collected. (Source: NetEase Technology)

Apple cracked down on: Send location to third parties without consent will be banned

　　Cross-border e-commerce

　　10. It is said that cross-border e-commerce Xiaohongshu is suspected to be building offline stores

　　There is already a physical store called "Xiaohongshu REDHOME O2O Self-Tip Stories" offline, which is suspected to be an offline project of cross-border e-commerce Xiaohongshu. According to people familiar with the matter, the offline store currently does not display products, and is only in the decoration stage. It is not known whether the store is an official offline physical store of Xiaohongshu. Xiaohongshu official did not give a positive response to this. (Source: Yibang Power Network)

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