#Laogao E-commerce News# [E-commerce Evening News on May 14] 1. Jack Ma is grateful to his alma mater: his teacher's idealism achieves Alibaba; 2. JD Finance's latest valuation has reached US$20 billion, and the valuation model is referenced by Alibaba and Tencent; 3. Taobao store owners sell talismans; 4. Continuous losses: COFCO I buys online and goes public; 5. Yiju released the fresh food e-commerce list, the first is the biggest dark horse in the stickiness of fresh food users...

　　E-commerce newsletter

　　1. Jack Ma is grateful to his alma mater: Teacher’s idealism achieves Alibaba

　　On the afternoon of May 13, Alibaba Chairman Jack Ma returned to his alma mater, Hangzhou Normal University today to celebrate the 110th birthday of Hangzhou Normal University, and unveiled the "Hangzhou Normal University Jack Ma Rural Education Research Institute" and the "Hangzhou Normal University Jack Ma Rural Education Talent Training Base".

　　Jack Ma said in a speech that it was Hangzhou Normal University who taught him to be a "most successful loser" and taught him to manage the company by teaching and educating his teachers. For us who are in the era of technological change, the biggest challenge we face will be educational reform. "In the future education is not just a competition of knowledge, but more importantly, a competition of creativity and imagination." (Source: Sina Technology)

　　2. JD Finance's latest valuation has reached US$20 billion, and the valuation model is based on Alibaba and Tencent

　　JD Finance's latest valuation has reached US$20 billion, and Ant Financial has reached US$150 billion, nearly double the original valuation. Because in the new round of financing, JD Finance's valuation model refers to the P/S (price-to-sales ratio valuation method) algorithm that large Internet companies such as Alibaba and Tencent pay more attention to corporate income. Currently, among the financing carried out by JD Finance, the leading investors include super large LPs such as CICC and COFCO. (interface)

　　3. Many people pretend to be "Taoist Master" and sell "talismans" on Taobao. Some people sell more than a thousand copies per month.

　　Taoist "talismans" such as "transfer talismans", "evil-repelling talismans", "peach blossom talismans", and even "opening methods" have become products for some online stores on e-commerce platforms such as Taobao. The owners of these online stores call themselves "tao priests", and some people posted "tao priests certificates" to prove their identity.

　　Recently, a reporter from the Beijing News investigated the identities of many "tao priests" who opened online stores and found that these "tao priests" who claimed to be from Zhejiang, Guangdong, Henan and other places were not real Taoist clerks: some were not registered, and some praised Taoist temples do not exist at all.

　　"Fake monks and Taoists cheat money frequently. You must choose a formal religious activity venue to carry out religious activities." A staff member of the Taoist Association of China said that Taoists have strict certification procedures. If they pretend to be religious clergy and conduct religious activities, the religious affairs department will order them to stop the activities; if there are illegal gains, the illegal gains will be confiscated and there are violations of public security management, public security management punishment will be given in accordance with the law. If a crime is constituted, criminal responsibility will be pursued in accordance with the law. (Source: Beijing News)

　　4. Continuous losses: COFCO I buy online for listing encounters obstacles

　　Imai.com, an e-commerce platform under COFCO Group Co., Ltd. (hereinafter referred to as "COFCO"), which attempts to log on to the Hong Kong Stock Exchange, seems to have stagnated recently.

　　Recently, a reporter from China Business News noticed on the "Disclosure Easy" page of the Hong Kong Stock Exchange website that the current "invalidity" next to the prospectus column of COFCO Womai.com. After clicking the link to enter, it was found that the prospectus cannot be viewed at present. The reason is that the previously published documents by the company that applied for listing but "no progress" cannot be read.

　　In fact, as early as August 21, 2017, COFCO Womai.com submitted the first version of the prospectus application to the Hong Kong Stock Exchange, officially starting the road to listing on the Hong Kong Stock Exchange. Then in November 2017, news came out that COFCO Wemai.com had passed the listing hearing and initially raised about US$200 million. However, now, the pace of listing of COFCO Ibuy Online has stagnated. According to a recent report by Securities Daily, insiders pointed out that in the context of the four consecutive years of losses and the pace of listing has been suspended, employees have begun to change jobs and the liquidity of personnel has also begun to increase. (Source: China Business News)

　　5. YiJiang released the fresh food e-commerce list. The first is the dark horse in fresh food user stickiness

　　The well-known data institution iResearch released the list of fresh food e-commerce applications. Despite the impact of the Spring Festival cycle, fresh food e-commerce, as a must-fight place for new retail, still hit a new high. In March 2018, the monthly active users of fresh food e-commerce exceeded 15 million.

　　According to data released by iResearch, in March 2018, Duodian ranked first with 6.9335 million active users, and Daily Youxian ranked second with 1.9606 million active users. JD.com surpassed Hema this month, ranking third with 1.7882 million active users.

　　The most surprising dark horse on the iResearch list comes from East China, a company called Shixing Fresh. iResearch pointed out that the food and store fresh food that has deeply cultivated the Yangtze River Delta region and digged deep into community sites has surpassed the major fresh food e-commerce companies with high monthly active users, with a retention rate of 62.1% the following month, ranking first. (Source: China.com)

　　Internet news

　　6. Today's Toutiao said it was maliciously slandered by online articles and sued Zhihu for millions of compensation

　　On the morning of May 14, the Haidian Court released a case report saying that because it believed that Liu's article "Today's Headlines and Trojan" published on Zhihu maliciously slandered and smeared his website, Toutiao sued Liu and Zhihu to the court on the grounds of infringing on reputation rights disputes and claimed 1 million yuan. Recently, the Haidian Court accepted the case. (Source: Sina Technology)

　　7. Most of the crimes committed by online ride-hailing drivers are temporary: Experts suggest strengthening access review

　　Recently, the case of a flight attendant who was killed on Didi hitchhiking has attracted attention, and this case has caused widespread discussion on the safety of online car-hailing. In fact, in recent years, criminal cases involving online ride-hailing drivers when providing ride-hailing services have occurred in many places. The Paper searched on the China Judgment Document Network with the keyword "online car-hailing" and found that from October 2015 to the present, there have been 152 judgment documents, of which 39 cases were committed by online car-hailing drivers, involving 11 categories including intentional injury, rape, traffic accident, drug trafficking, and introduction of prostitution. About 43 online car-hailing drivers were sentenced, of which 7 of the defendants were criminal criminals in 6 cases.

　　Among the 39 cases, a total of 13 cases involved intentional injury and 11 cases involved rape. Among them, intentional injury cases are mostly caused by quarrels due to itinerary issues, while in rape cases, drivers often get rid of passenger information through chats, waiting for an opportunity to commit crimes. In the above two types of cases, most drivers commit illegal crimes with temporary intentions.

　　Experts said that as an emerging business model, online ride-hailing still has security loopholes in actual operation. "But the value of its existence cannot be denied because of a vicious case. How to fill in the missing, improve the mechanism, and ensure the sustainable and healthy development of the industry are key issues that online ride-hailing companies and regulatory departments need to solve in the future." (Source: The Paper)

　　8. Sacrifice privacy in exchange for the convenience of technology? Cook: Apple won't do this

　　Apple CEO Tim Cook delivered a graduation speech at Duke University on Sunday, where he earned his MBA. He used the opportunity to remind Apple of the world's commitment to user privacy -- and privacy concerns of other tech companies.

　　Cook's speech begins with a sense of superiority in Silicon Valley. “With the help of technology,” Cook said, “everyone has their own tools, potential and ability to build a better world. So, it’s the best time for people’s lives.” Cook also paid tribute to Apple’s history and founder Steve Jobs, urging students to “dare to think differently.” (Source: NetEase Technology)

　　9. Bloomberg: Market value shrank by $77 billion Tencent faces the worst profit in history

　　Beijing time on the morning of May 14, Beijing time, as investors began to worry about Tencent Holdings' large-scale spending, the Internet giant's market value shrank by $77 billion after its stock price hit an all-time high in January. (Source: Sina Technology)

　　Cross-border e-commerce

　　10. China has captured 90% of Russian overseas cross-border e-commerce transactions

　　According to a survey by the British international parcel express company ParcelHero, Russia has the largest online population in Europe, with Internet penetration exceeding 70% of the 147 million population, which is also a potential global e-commerce market.

　　According to statistics from the Russian E-commerce Association, in 2013, the number of orders for Russian online shopping in Chinese products accounted for 40% of the total number of cross-border online shopping; in 2016, the number of overseas orders for cross-border online shopping in Russia increased to about 245 million, of which 90% came from China, and an average of more than 500,000 packages were sent from China to Russia every day.

　　David, head of consumer research at ParcelHero, said: "Russia is hailed as the market with the greatest potential of cross-border e-commerce and firmly occupies the top spot in China's cross-border e-commerce transactions." (Source: Global Network)

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