#Laogao E-commerce Newsletter# [May 28 E-commerce Evening News Brief] 1. Juhuasuan has made a price insurance policy to be trial operation in some merchants; 2. Jack Ma: Only when the modern service industry is developed well can the city carry the dreams of more people; 3. JD.com released its 2018 strategy to open about 50 stores this year; 4. Tuniu tour group 170,000 yuan of property was stolen by Tuniu: We have no responsibility; 5. It is said that Xiaomi has finalized the listing in early and mid-July to be roadshowed at the end of June...

E-commerce newsletter
1. Juhuasuan has made a price insurance policy and will be tried in some merchants.
According to May 28, Juhuasuan launched insured insurance and will conduct trial operation of insured insurance services with some merchants starting from May 29, 2018. According to reports, within the scope of the insured insurance claims, if the buyer successfully reaches a transaction with the merchant who has insured insured insurance through Juhuasuan and the final transaction is successful, within 15 days (inclusive) from the end of the Juhuasuan event, the actual transaction price of the activity product or the same product on Taobao, Tmall or Tmall International Platform is lower than the actual payment for the successful transaction during the buyer's activity, the buyer can apply for the insured insurance claims during the validity period of the insured insurance. The insurance company will determine whether to make a claim based on the relevant evidence materials, claims standards and insurance terms submitted by the buyer. All expenses incurred by the buyer (if any) during the application process of claim application shall be borne by the buyer. (Source: Yibang Power Network)
2. Jack Ma: Only when the modern service industry develops well can the city carry the dreams of more people
At the China (Beijing) International Service Trade Fair held on the morning of May 28, Alibaba Group Chairman Jack Ma gave three keywords in his mind - vigorously developing modern service industry, openness and greenness. Jack Ma recalled that like countless young people, he "drifted in Beijing, suffered setbacks, lost, confused, endured the basement, and squeezed the bus at 6 a.m.", seeing the more charming Beijing today, he imagined the development ideas of the big city tomorrow. He predicted that in the future, a large number of manufacturing industries can be completed by machines, and the original manufacturing industry will be replaced by the service industry. People will engage in design, creativity, and experience, which are difficult to replace by machines. (Lianshang.com)
3. JD.com Fresh released its 2018 strategy to open about 50 stores this year
On May 28, JD Fresh Fresh was held in Beijing for its 2018 strategy release conference. At the meeting, Wang Xiaosong, senior vice president of JD Group and president of JD Mall Fast-Consumer Business Group, delivered a speech on "The Future of JD Fresh Food". At the same time, Wang Xiaosong revealed that he plans to open about 50 fresh food stores this year. (Interface News)
Internet news
4. Tuniu tour group 170,000 yuan of property was stolen by Tuniu: We have no responsibility
On May 8, in Stockholm, Sweden, Mr. Wang boarded the bus after dinner and found that the whole group of items worth about 170,000 yuan was stolen on the bus. In response, a person from Tuniu Travel Network said that the incident that Mr. Wang could not foresee or imagine, and was an unexpected event, so Tuniu Company had no responsibility. (Sina Weibo)
5. It is said that Xiaomi has finalized the listing in early and mid-July to be performed by the end of June.
On the morning of May 28, according to the Hong Kong Newspaper, rumors said that Xiaomi News will be finalized from early July to mid-July. According to media quoted people familiar with the matter, Xiaomi will roadshow at the end of June, lobbying institutional investors in Europe and the United States to value its business at no less than US$70 billion (about HK$546 billion). The person said that Xiaomi's valuation is based on expectations of performance growth, and Xiaomi needs to prove that its annual profit growth will reach 50% in the next three years. (Lianshang.com)
6. Tencent provides a package of smart retail services for offline services, saying that it only makes chains
Ma Huateng said at the 2018 China (Shenzhen) IT Leaders Summit that Tencent has never planned to re-operate its e-commerce business, but has opened up Tencent's capabilities to help merchants grow. He also emphasized that in the digital transformation of enterprises, it is too domineering to say that Tencent is "empowering" and Tencent prefers to call itself a "digital assistant". Regarding the expansion model of the two giants "AT", the popular view in the industry is Alibaba's "centralization": to achieve a complete supply chain and ecosystem through investment, acquisition, and building a closed loop; Tencent is "decentralization": to emphasize assistance and opening loop, and to only do one of the chains. (Interface News)
7. Ecovacs officially listed on the Shanghai Stock Exchange today has now risen to the limit
On May 28, Ecovacs A-shares were officially listed on the Shanghai Stock Exchange today with the securities code "603486". As of 9:38, Ecovacs had hit the daily limit, at 28.83 yuan, up 44.01%. It is understood that Ecovacs Robot Co., Ltd.'s main business is the research, design, production and sales of various types of home service robots, cleaning small household appliances and other smart home equipment and related parts. (Yibang Power Network)
8. You can use WeChat payment by scanning the code to enter the station from Shanghai today!
Starting today, WeChat Pay will log in to Shanghai Metro. Previously, in the App's "Subway Quick Payment" system, there were more than 200 bank cards with Alipay and UnionPay, and on this basis, a new WeChat payment channel will be added. From then on, users can use WeChat password-free payment to ride on the entire network of Shanghai Metro Station! (Lianshang.com)
Cross-border e-commerce
9. Amazon Feedback’s new adjustment is the most hurt by small and medium-sized sellers
Foreign media reported that Amazon now only received feedback last year, rather than the number of feedback from sellers in the past few years. Well, as many people know the consequences, Amazon's feedbacks have become relatively fewer. The effect of this change is (around the world): When multiple sellers on the Amazon page sell the same product and the buyer will choose one of them, small and medium sellers may only have up to 100-200 feedbacks left, and there will still be thousands of big sellers. A big sell is a big sale, and it won’t work if you don’t accept it! (Hugo.com)
10. EBay European Station Seller Fee Update: France, Spain and Italy Stations are included
In addition to the summer seller updates for eBay UK stations, sellers also need to know about the cost changes for eBay French, Spanish and Italian stations. These sites will shift to the eBay UK site model, which is to charge commissions for total fees, including logistics fees. For sites in these three countries, eBay is highlighting the importance of several service requirements to sellers, including the current free delivery model, shorter order processing time and longer return periods. In addition to charging commissions for local shipping – to prevent sellers from transferring product prices to shipping to avoid commissions, eBay also intends to offer discounts for sellers who meet the above three service requirements. (Hugo.com)
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