#Laogao E-commerce Newsletter# [May 18 E-commerce Evening News Brief]

　　#Laogao E-commerce Newsletter# [May 18 E-commerce Evening News Brief] 1. Taobao will launch a short video independent app to fight against Douyin: It is expected to be launched in early June; 2. Vipshop focuses on e-commerce: Completed Internet finance split and logistics restructuring within the year; 3. A platform selling "useless" items actually received 110 million yuan in round B financing; 4. Ant Financial opens consumer credit business: Huabei will cooperate with financial institutions; 5. NetEase's performance in the first quarter is mixed and it is easy to break the situation; 6. Jia Yueting supports Liu Chuanzhi and says that no bottom line competition is popular in China...

　　E-commerce newsletter

　　1. Taobao will launch a short video independent app against TikTok: It is expected to be launched in early June

　　On May 18, according to the "Short Video Factory", Taobao Short Video recently held an internal press conference and decided to launch a short video independent app. At present, Taobao Short Video has begun to urgently collect content for the launch of the app.

　　The recruitment announcement shows that the main recruitment content of the app includes 11 types such as 9.9 yuan free shipping, Taobao artifacts, what is worth buying, etc., and requires "short videos related to life and consumption."

　　According to reports, the app's name is "Duke", and will follow the path of vertical videos like "Tik Tok" and "Weishi", and is expected to be launched in early June. (Entrepreneur)

　　2. Vipshop focuses on e-commerce: Complete Internet finance split and logistics restructuring within the year

　　Vipshop, which has just released its first-quarter financial report, has decided to split the Internet financial business and reorganize the logistics business when facing the decline in stock prices after the financial report is released and the slowdown in the growth of core indicators.

　　On May 17, Yang Donghao, CFO of Vipshop, told reporters that the above-mentioned spin-off and restructuring is expected to be completed within this year. During the split, Vipshop's Internet finance business will soon seek external financing, and the business segment is still in a loss. At the same time, the reorganized Vipshop logistics business will also be opened to the public.

　　The above move is regarded as the biggest adjustment and change in recent years by the website that claims to be "specialized in sales". The background of this adjustment is that despite achieving profitability for 18 consecutive quarters, company executives believe that the company's price in the capital market is undervalued. Currently, Vipshop's market value is US$8.12 billion, and in mid-2015, the company's market value once reached US$17.879 billion. (21st Century Business Herald)

　　3. A platform selling "useless" things actually received 110 million yuan in Series B financing

　　Recently, the boss completed a Series B financing of 110 million yuan. Hundreds of millions of financing are not rare on e-commerce platforms, but the Dongjia APP sells "useless" things like agate bracelets, blue and white porcelain, and Hetian jade. "Not standard, expensive," said Yu Haihua, founder and CEO of the boss. They cannot be sold on many mature platforms. However, on the Dongjia APP, since it was launched at the end of September 2015, there have been more than 150,000 SKUs of these "useless things" and a monthly GMV of nearly 100 million yuan. (Chinese entrepreneur)

　　4. Ant Financial opens consumer credit business: Huabei will cooperate with financial institutions

　　On May 18, Huabei, a consumer credit product under Ant Financial, announced that it will be opened to banks and other financial institutions. In the future, it will work with financial institutions to jointly explore more service scenarios and provide users with richer rights and interests.

　　Before this, within the Ant Financial system, "Huabei" was provided by Chongqing Ant Micro Small Loan Co., Ltd. (hereinafter referred to as "Ant Micro Loan"), and Huabei can consume and shop on Tmall, Taobao and some merchants outside the Alibaba system. At present, Ant Huabei covers most online consumption scenarios, and is also expanding in various scenarios such as catering, shopping, medical care, travel, education, and public payment.

　　With the expansion of its size, Ant Financial has increased its capital to Ant Microfinance three times. (Penguin)

　　5. NetEase's performance in the first quarter was mixed and it was easy to break the situation.

　　Recently, domestic Internet technology companies have successively released financial reports, but Tencent and NetEase, as the two strong players in the gaming field, have performed very differently. Tencent continues to grow rapidly with the momentum of games such as "Honor of Kings". On the contrary, NetEase's gaming revenue has dropped sharply, which has affected the entire company's profits and stock prices.

　　Although NetEase's e-commerce business performed well, it has made great progress in a short period of time and its revenue increased significantly year-on-year. However, the e-commerce business is still just a "first-out" and it is difficult to make up for the hole in the decline in game revenue. For Ding Lei, the goal of "recreating a NetEase" through e-commerce is probably just a goal in a short period of time. TechWeb)

　　6. Social security fund invests in Ant Financial's floating profit of more than 40 billion yuan and received 5% of the equity three years ago

　　On May 17, Wang Zhongmin, the principal chairman of the National Social Security Fund Council, said in Hangzhou that the social security fund investment in Ant Financial has made a rough profit of more than 40 billion yuan, which is the most profitable among all alternative investments of the social security fund.

　　Wang Zhongmin said on the same day that the social security fund invested 5% of Ant Financial's equity three years ago. "I just calculated it roughly. I went in during the A round of financing. Now I have obtained a fair value return of 40 billion yuan. This is the most return in a single investment. So I need to come here, and I need to thank Hangzhou for providing such investment opportunities and demonstrating the charm of alternative investment." (21st Century Economic Report)

　　7. 11 employees of SF Express were sentenced to sell accurate customer information to health products and collectors.

　　Recently, the Intermediate People's Court of Jingzhou City, Hubei Province made a final ruling on the case of multiple people selling customer express privacy information. 11 SF Express employees and 8 related personnel were sentenced to infringement of citizens' personal information and were sentenced to fixed-term imprisonment ranging from 10 months to 3 years respectively. In this case, SF Express employees sold their accurate customer list to some three-no sales companies. Some people said that the resources of major customer care products, collectibles and medicines are the most popular.

　　The first express delivery industry regulation, the "Interim Regulations on Express Delivery", which began to be implemented at the beginning of the month, stipulates that the act of leaking user privacy can be fined up to 100,000 yuan. Previously, multiple express delivery companies have launched "privacy clauses", and user names, phone numbers and other information are not visible. However, if it is stolen by the courier, it will be difficult to guard against the thief of the family. (Beijing Youth Daily)

　　Internet news

　　8. Tencent responded to TikTok’s lawsuit: Ask yourself about the process is correct, and you are not afraid of things when you come.

　　NetEase Technology News reported on May 17 that because it believed that on the WeChat account "Quick Wechat" operated by Tencent, the WeChat public account "Quick Wechat" published an article to fabricate its video source. Douyin Short Video sued Tencent to court on the grounds of infringement of reputation rights, demanded that it immediately stop infringement, provide registration information and identity information of the WeChat public account "Quick Wechat", apologize, and compensate for economic losses and reasonable expenses for rights protection totaling 1 million yuan. Recently, the Haidian Court accepted the case.

　　In response, Tencent replied: "WeChat public platform has a complete infringement complaint mechanism. Once verified, it will be handled accordingly. TikTok and all other public platform users are welcome to report infringement to us through the infringement complaint mechanism. WeChat public platform treats all suspected infringements equally." Zhang Jun, director of Tencent's public relations, said: "The process of self-questioning is correct, and we are not afraid of things when we come, and we will actively respond to the lawsuit." (NetEase Technology)

　　9. Jia Yueting strongly supports Liu Chuanzhi and says that no bottom line competition is popular in China

　　NetEase Technology News May 18th, last night, Jia Yueting posted on Weibo, expressing his support for Liu Chuanzhi. Jia Yueting said, "Liu is one of the most respected entrepreneurs in contemporary times. I don't understand why this bottomless competitive method is always popular in China. This kind of behavior hurts not only a company, but the source of a country's innovative spirit."

　　Jia Yueting last posted on Weibo on March 12th. Jia Yueting's remarks also seem to be defending himself and LeTV. Previously, due to the crisis in LeTV, Jia Yueting was strongly questioned, and the impact remains still today. (NetEase Technology)

　　Cross-border e-commerce

　　10. eBay launches new function "Interests", focusing on user personalized shopping experience

　　To enhance personalized services, eBay has launched a new feature called "Interests" that matches products with individual consumers' shopping preferences. In a statement, eBay said Interests can provide users with hundreds of shopping themes, from streetwear to sportswear products with the help of big data and algorithms.

　　Interests will match the corresponding shopping topics based on users' answers to some questions and their analysis of browsing patterns. With this data, eBay can personalize the user interface and recommend corresponding themes and products to users. According to eBay, the Interests product recommendation portfolio is almost "unlimited".

　　"The shopping experience of eBay is designed to provide personalized services to every consumer; eBay is providing a personalized store around the consumer's concerns." (Hugo.com)

 Click to register to apply to join the well-known domestic e-commerce network - Laogao E-commerce Club. Any merchants from all over the country, Tmall merchants, Taobao Crown Store, Jinguan Store, and other e-commerce platform merchants can apply to join!

,