E-commerce Newsletter #Laogao E-commerce Newsletter# [E-commerce Evening News on May 22] 1. Alibaba Yan Qiao refuted the rumor "Ali internal training": it has nothing to do with our company; 2. Foreign media: China Hema Fresh is "several light years" ahead of the United States; 3. Ant Financial's US$10 billion financing was oversubscribed, and investors expected to go public next year; 4. Three Squirrels will enter the retail network on May 29; 5. The returnee's master's degree in law was cheated 210,000 yuan and transferred 30 times before realizing that he was cheated; 6. It is said that China's pilot financial holding group supervision includes CITIC Group Ant Financial...
E-commerce newsletter
1. Alibaba Yan Qiao refuted the rumor "Ali internal training": It has nothing to do with our company
According to May 22, yesterday afternoon, @ Yan Qiao, who is certified as the CEO assistant of Alibaba Group on Weibo with a real name, posted on Weibo: 1. We noticed the rumors that the so-called "Ali internal training" circulated on the Internet. After investigation, it was found that the pictures and texts involved were not Alibaba employees, and it had nothing to do with Alibaba's training content. I hope netizens can clearly understand. 2. The core of Alibaba’s onboarding training is to help new employees understand Alibaba’s history and be familiar with Alibaba’s values. All course designs follow scientific, positive and civilized guidelines and have strict audit procedures. 3. We reserve the right to resort to the law for impersonating Alibaba’s name and damaging Alibaba’s reputation in this way. (Source: Sina Weibo @Yan Qiao)
2. Foreign media: China's Hema Fresh is "several light years" ahead of the United States
Business Insider emphasized, "Ali's future supermarket Hema Fresh will be several light years ahead of the United States, which can not only achieve facial payment, but also deliver within 30 minutes." The article said that long before Amazon acquired Whole Foods Supermarket in the United States, Alibaba began to make a big move into the physical retail industry and invested in supermarket Gaoxin Retail, department store operator Yintai, electronic product seller Suning and furniture store Juran Home. (Global Network)
3. Ant Financial's $10 billion financing was oversubscribed, and investors expect to go public next year
Ant Financial's oversubscribed $10 billion financing round attracted investors, including leading U.S. private equity firms, sovereign wealth funds, venture capitalists and hedge funds. According to people involved in the financing, this round of financing has valued Ant Financial's valuation of more than US$150 billion. Many investors expect the company to go public at a similar valuation next year. (FT Chinese website)
4. Three Squirrels will enter the retail network on May 29
Three Squirrels will enter the Retail Connect on May 29, which means that offline million stores can purchase Three Squirrel products through the Retail Connect platform, and consumers can buy Taobao brands that were originally sold online in small stores at their doorstep. Three Squirrels selected 50 of the highest-selling categories to be launched in the first batch of retail mail, and under the guidance of retail mail, a batch of retail mail special packaging suitable for offline stores will be launched in the next three months. (Source: 36kr)
5. Alibaba will cooperate with British tax agencies to combat VAT fraud
On April 25, the UK General Administration of Taxation and Customs (HMRC) asked e-commerce platforms to sign an agreement to cooperate with HMRC to deal with VAT fraud on the platform. According to the agreement, e-commerce platforms must not only provide sellers with relevant information to HMRC, but also educate and guide sellers to ensure that they understand the VAT obligations they should fulfill. In addition, the platform must respond quickly when HMRC notifies a seller of violating VAT regulations. It is understood that Amazon and eBay have already spoken to sign the agreement. Currently, Alibaba Group is also holding talks with ZhengFu, the UK, to discuss this new move to combat tax fraud on e-commerce platforms, which will increase the possibility of Alibaba joining the move. A spokesperson said Alibaba is discussing arrangements with the British tax authorities on the agreement, and the two sides will continue to work closely together to combat VAT fraud. (Source: Yien.com)
6. It is said that China's pilot financial holding group supervision includes CITIC Group Ant Financial
Cailianshe reported on May 22 that Chinese regulatory authorities have planned to select five institutions including CITIC Group and Ant Financial as the first batch of pilot projects for financial holding groups' supervision. The proposed regulatory pilot institutions also include Everbright Group, China Merchants Group, and Suning Group. Xiaocai Note: Chinese regulators are drafting financial holding companies management rules, which will require financial holding companies to obtain a financial holding company license issued by the People's Bank of China, operate with licenses, and meet capital adequacy requirements for the first time. (Cailianshe)
Internet news
7. Baidu Medical Advertising Bidding Ranking Makes a Comeback Disease Search Money to Top
After the Wei Zexi incident in 2016, Baidu made rectifications as required, and made major adjustments in terms of promotion information quantity, commercial promotion logos, etc., and removed 126 million medical information, removing the promotion content that was topped in the search results page for a large number of disease. However, a reporter from the Beijing News recently found that the situation that has been rectified is on the rise, and the top promotion content still appears in the search results for some diseases. Baidu promotion staff said that except for diseases that cannot be cured in clinical practice, nothing else can be done.
At the same time, a reporter from the Beijing News noticed that the searches of some medical institutions have been bought by competitors. Baidu promotion staff even introduced that they can also "counterfeit" public hospital links to attract traffic to private hospitals. (Beijing News)
8. Will the "1 billion bet" be fulfilled? Dong Mingzhu: We can use it to help the poor
Dong Mingzhu, chairman of Gree Electric Appliances, responded to her and Lei Jun's "1 billion bet" and said: "When it comes to winning chances, I will definitely say I will win. I believe Lei Jun will also say that he will win. If the 1 billion is really to be paid, we will use it to help the poor." (Tencent Finance)
9. After being cheated of 210,000 yuan in law master's degree, I realized that I was cheated after 30 times.
Mr. Xiang obtained a master's degree in law in Australia and is now looking for a job when he returns to China. He is eager to seek academic certification online but he accidentally falls into the trap of fraud and is defrauded by fraudsters for more than 200,000 yuan. During this period, he joined the QQ group recommended by the fraudsters and transferred money to three suspects 30 times in total. At present, the police have filed an investigation into the case. (Guangzhou Daily)
Cross-border e-commerce
10. 1.68 billion US dollars! Adobe announces acquisition of e-commerce platform Magento
On May 22, Beijing time, software company Adobe announced that it would acquire privately held e-commerce service provider Magento for US$1.68 billion and will reduce its stake in Magento's rival Shopify.
Adobe also said its board of directors has approved a new $8 billion stock buyback program that will be completed in 2021, while its current $2.5 billion buyback program will end later this year.
Adobe shares rose 1% to $240.5 after the acquisition announcement, while Shopify shares fell 3.8% to $139.
Magento's customers include well-known brands such as Canon, Helly Hansen, Paul Smith and Rosetta Stone. (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!
,
EN
CN
