#Laogao E-commerce Newsletter# [May 17 E-commerce Evening News Brief]

　　#Laogao E-commerce News# [E-commerce Evening News on May 17] 1. Taobao President Jiang Fan: Will not return to the era of low-priced hot products; 2. Taobao Sihan: Taobao has now formed more than 2,000 market segments; 3. Ant Financial's asset management scale is 2.2 trillion yuan, with a number of users reaching 622 million yuan; 4. SF Express cooperates with China Railway Express to "High-speed Rail" fresh food business launches; 5. Jack Ma and Zhou Hongyi support Lenovo: Business issues cannot be exaggerated...

　　E-commerce newsletter

　　1. Taobao President Jiang Fan: Will not return to the era of low-priced hot products

　　At Alibaba’s 2018 Taobao Conference, Taobao President Jiang Fan summarized the future focus of Taobao using the three keywords “simple, inclusive, and creative”. He said that if Taobao only chooses one important task to do, it is to "return to the original intention" and make Taobao simple.

　　Jiang Fan said that Taobao will not return to the era of low-priced hot products. "We will not go back. Today, we rely on technology, data, and ecological partners to serve everyone well. We bring better products to Chinese people and better business space to every merchant. This is the direction of our efforts." (NetEase Technology)

　　2. Taobao Sihan: Taobao has now formed more than 2,000 market segments

　　On May 17, at today's 2018 Taobao Merchant Conference, Sihan, the person in charge of Taobao's search recommendation products and platform mechanism, said that Taobao's definition of "special merchants" is: merchants that can meet personalized needs and have high customer rates and other characteristics. It is reported that Taobao has now formed more than 2,000 specialty market segments including children's furniture, pregnant women's makeup, large-size clothing, programming toys, improved Hanfu, pet clothing, etc., including nearly 100,000 specialty merchants. (Source: Yibang Power Network)

　　3. Ant Financial's asset management scale is 2.2 trillion yuan, with a user base of 622 million yuan.

　　On May 17, the Financial Times reported that Ant Financial is seeking a new round of financing of about US$10 billion, with the valuation of the company in this round of valuation of US$160 billion. Investors say the financing has been oversubscribed.

　　A document obtained by the Financial Times shows that Ant Financial's current user base has increased to 622 million, of which 520 million users are from Alipay; the scale of managed assets has reached 2.2 trillion yuan, of which Yu'ebao manages 1.5 trillion yuan (US$345 billion) of assets. This is also the first time that Ant Financial has disclosed the scale of its management. (Wall Street News)

　　4. SF Express cooperates with China Railway Express, the "High-speed Railway" fresh food business will be launched

　　The launch ceremony of the "High-speed Railway" Cherry Special Delivery was held at Jinan West Station yesterday. At the launch ceremony, SF Express and China Railway Express jointly announced that the "High-speed Rail" fresh food business was officially launched, and stated that the two sides will give full play to their respective advantages and work together to promote the coordinated development of green agriculture and high-speed rail characteristic transportation. This is the first time that SF Express has tried to use high-speed rail resources for large-scale transportation of fresh products. (Yibang Power Network)

　　Internet news

　　5. Jack Ma and Zhou Hongyi support Lenovo: Business issues cannot be exaggerated

　　Alibaba Group Chairman Jack Ma expressed his support for Liu Chuanzhi on the issue of "5G voting". He said: Believe in Mr. Liu! Firmly support Mr. Liu! Business cannot avoid competition, but competition has risen to no bottom line. Possessing political hats and inciting public anger is actually the sorrow of business and the sorrow of society. Firmly support Mr. Liu and establish business integrity! Zhou Hongyi also said on his personal WeChat Moments: Business issues cannot be politicized online. (Beijing News)

　　6. Former Baidu Takeaway Chairman Gong Zhenbing joined Yidao and became CEO

　　On May 17, The Paper exclusively learned that former Baidu Takeaway Chairman Gong Zhenbing officially joined the travel platform Yidao and became CEO.

　　According to insiders, Gong Zhenbing received many invitations after leaving Baidu Takeaway, and Yidao was one of them. Before officially joining Yidao CEO, Gong Zhenbing appeared on Yidao as an adviser. "I have met (Gong Zhenbing) at the presidential meeting for a while," said the person familiar with the matter. (Pengpai News)

　　7. Tencent captured Russia's "all-round mining Trojan" and invaded more than 40 countries to infect tens of thousands of computers

　　Tencent Yujian Threat Intelligence Center recently monitored a mining Trojan from Russia, which is spreading widely through software registration machines and cracking tools such as Windows and Office. In addition to mining, the Trojan will also leak user privacy, steal cryptocurrency wallet information, and can even remotely control poisoned computers to launch DDoS attacks. According to monitoring data from Tencent Yujian Threat Intelligence Center, the mining Trojan has invaded tens of thousands of computer equipment in at least 40 countries around the world. (Pintu Business Review)

　　8. Meituan responds to rumors of Hong Kong stock listing at the end of September: no comment

　　Blue Whale TMT reported on May 17 that media reported today that Meituan Dianping will submit the statement on the Hong Kong Stock Exchange on June 22 and will be listed on the Hong Kong stock market at the end of September. Meituan Dianping told Blue Whale TMT that it would not comment on the listing rumors.

　　Reuters has reported that people familiar with the matter said that Meituan Dianping has selected Bank of America Merrill Lynch, Goldman Sachs and Morgan Stanley to prepare for an IPO in Hong Kong and is expected to be listed as soon as later this year. In response, Meituan Dianping, Merrill Lynch, Goldman Sachs Group and Morgan Stanley all refused to respond.

　　Bloomberg's report also shows that Meituan is discussing an IPO in Hong Kong as early as this year. If policies allow it, it will also consider listing in mainland China, with an overall valuation of around US$60 billion. (Blue Whale TMT)

　　9. ofo established a blockchain research institute to solve the urban governance problems of shared bicycles through blockchain technology

　　Today ofo announced the establishment of the Blockchain Research Institute, which will use blockchain technology worldwide to empower big data and the Internet of Things, connect enterprises, governments, users and other entities, solve the operational pain points such as shared bicycle placement, scheduling, parking, and maintenance, and assist in solving the urban governance problems of shared bicycles. (NetEase Technology)

　　Cross-border e-commerce

　　10. Walmart will launch new online store: only selling high-end clothing brands

　　Walmart will launch a new online store for the wealthy, focusing on high-end fashion brands sold by Lord & Taylor.

　　Walmart and Lord & Taylor executives said more than 125 brands will launch on Walmart’s new stores in the next few weeks, including Tommy Bahama, Vince Camuto, Lucky Brand and H Halston. (Hugo.com)

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