#Laogao E-commerce Newsletter# [May 21 E-commerce Morning Newsletter]

　　#Laogao E-commerce Newsletter# [May 21 E-commerce Morning News Brief] 1. Alibaba launches its first e-commerce real-time translation AI; 2. Carrefour's first new business model opens, Tencent builds a smart store; 3. Trump puts pressure on the US Postal Service to increase Amazon delivery fees; 4. Investors of Ant Financial must agree not to invest in companies controlled by Tencent, JD.com, etc.; 5. Lu Qi resigns, and Baidu's market value evaporates US$9.4 billion overnight...

　　E-commerce newsletter

　　1. Alibaba launches the first e-commerce real-time translation AI

　　Recently, Alibaba officially launched the real-time dialogue translation function in cross-border e-commerce. It is reported that this is the world's first real-time translation AI (artificial intelligence) product in the e-commerce field. According to Alibaba, this translation AI is like a human and can automatically correct errors based on context semantics and grammatical understanding.

　　Luo Weihua, Alibaba Damo Academy, introduced that this real-time dialogue and communication translation system uses the industry's latest neural network model and integrates multiple AI technologies such as DAMO Academy machine translation, semantic understanding, automatic language recognition and speech recognition. The system currently supports four languages: Chinese, English, Russian and Western. It is expected that the translation services of small languages ​​such as Thai, Arabic, Vietnamese, and Turkish will be gradually expanded in the second half of the year (Yipang Power)

　　2. Carrefour's first new business model opens, Tencent creates a smart store

　　On May 20, the first smart store "Le Marche" created by Tencent and Carrefour, officially opened in Shanghai. In this store, the mini-programs, WeChat payment, Tencent Youtu, social advertising, Tencent video IP and other products in Tencent's smart retail ecosystem provide the store with full-link commercial value such as "face recognition payment", "scan the mini-program code to purchase", and "IP interactive traffic diversion" to help Carrefour build a smart retail flagship store. (36kr)

　　3. Trump puts pressure on the US Postal Service to increase Amazon delivery fees

　　According to CNBC, the Washington Post quoted three anonymous sources as saying on Friday that U.S. President Donald Trump directly pressed the head of the US Postal Service to double the delivery rate of parcels the agency charges to e-commerce giant Amazon and other companies.

　　According to the Washington Post, Trump personally urged U.S. Postal Service Director Megan Brennan to take action, a move that could cost Amazon billions of dollars. (NetEase Technology)

　　4. Investors of Ant Financial must agree not to invest in companies controlled by Tencent, JD.com, etc.

　　According to a report by the Wall Street Journal on May 20, people familiar with the matter revealed that investors who invest in Ant Financial must agree not to invest in companies controlled by major competitors such as Tencent and JD.com, or increase their shares. Previously, there was news that Ant Financial is preparing to complete a US$10 billion financing, with the valuation of this round of financing being about US$150 billion. (Sina Finance)

　　Internet news

　　5. WeChat releases the strictest external link announcement, and 21 APPs outside Tencent may be "banned"

　　Tencent officially issued an announcement further restricting the spread of external links within WeChat. In this Notice on Further Upgrading the Rules for External Link Management, it is clearly stated that "external links shall not disseminate content containing audio-visual programs in any form without obtaining statutory licenses for information network dissemination of audio-visual programs."

　　This morning, WeChat released the latest "Announcement on Further Upgrading of External Link Management Rules" (updated on May 21, 2018). The main contents of the announcement are as follows: Standardize the dissemination of special identification codes and password information; prohibit changing the user's return path; prohibiting the use of floating layers containing user privacy data; adopting a step-by-step processing mechanism for violations. The above rules will officially come into effect on May 29. (Blue Whale TMT)

　　6. Taopiaopiao responded to "posting posters involving discrimination in theaters": sincere apology

　　The official Weibo of Shanghai Taopiaopiao Film and Television Culture Co., Ltd. issued a statement on the 20th saying that recently, some users have reported seeing print advertisements that caused discomfort in some theaters due to discrimination. After monitoring user complaints, Taopiaopiao immediately conducted internal verification: the poster was used for activities during the Spring Festival. After the release, after self-examination of this problem that may cause ambiguity, the material of this type was immediately withdrawn.

　　Taopiaopiao said that he accepted criticism for the discomfort caused by the content of the poster and sincerely apologized to the users. In addition, Taopiaopiao also stated that the copywriting planning and delivery of the poster did not communicate and confirm with its partner Alipay. I am deeply sorry for the negative impact on Alipay due to my negligence in work. (Sina)

　　7. Zhou Yuan: Zhihu’s registered users of 160 million should not be niche.

　　At the "5th Salt Club New Youth Conference", Zhou Yuan, founder and CEO of Zhihu, said that Zhihu has moved from a knowledge community serving some people to an inclusive content platform. In addition, he also introduced the development status of Zhihu: As of now, the number of registered users of Zhihu has reached 160 million, and the user structure has also changed significantly. A large number of users in second- and third-tier cities have discussed, shared and communicated on Zhihu.

　　At present, Zhihu is investing important energy and resources to build an intelligent community through AI technology. Zhou Yuan disclosed for the first time the three major applications of AI in Zhihu: the connection between information and people, the acquisition and recommendation of information, and the system and atmosphere of the platform. (NetEase Technology)

　　8. In addition to taking the QR code, Beijing Metro also needs to use face-scan to enter the station

　　Recently, Beijing Metro has officially started to use QR codes to enter the station to take a bus. A relevant person in charge of the Beijing Municipal Transportation Commission said that in the future, Beijing Metro will also explore "biometric" and other methods to facilitate passengers to enter the station to take a bus. According to the relevant person in charge, Beijing will pilot the facial recognition system within the year. (it home)

　　9. Lu Qi resigned, Baidu's market value evaporated by US$9.4 billion overnight

　　On the 18th, Baidu broke out news and announced that Lu Qi, the group's president and chief operating officer, was unable to continue working full-time in Beijing due to personal and family reasons. He will no longer hold the above positions from July, but will continue to serve as the vice chairman of the group company. At the same time, Vice President Wang Haifeng was promoted to Senior Vice President and served as general head of AIG (AI Technology Platform System).

　　Affected by this news, Baidu's stock price plummeted 9.54%, closing at US$253.01, with a market value of US$88.2 billion, evaporating US$9.4 billion overnight.

　　On Wednesday, Baidu's stock price rose 4.47%, setting a record high with a market value of US$98.5 billion, and it is about to break the 100 billion US dollar mark. (NetEase Technology)

　　Cross-border newsletter

　　10. Suning.com introduces Yangmai to improve cross-border shopping experience

　　Yangmatou Overseas Flagship Store is officially launched on Suning Overseas Shopping Channel. Suning.com said that the strategic cooperation with Yangmatou this time can leverage the resource advantages of both parties to provide overseas products to Chinese consumers, and further enhance the cross-border shopping experience.

　　Xin Qinfeng, deputy general manager of Suning Overseas Shopping, introduced that with the entry of the Yangmatou platform, Suning’s overseas products will be further enriched, including overseas niche brands, fashion brands and specialty products; Suning Overseas Shopping will provide Yangmatou with traffic, operation and other support.

　　It is understood that the goods sold in Yangmatou flagship store are all sourced from Yangmatou. In terms of logistics, Yangmatou has more than 17 overseas logistics and warehousing centers. Yangmatou can further expand sales channels with the help of Suning's membership, operation, supply chain, domestic bonded warehouses and other advantages. (Yibang Power)

 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!

,