#Laogao E-commerce Newsletter# [May 31 E-commerce Evening News Brief]

　　#Laogao E-commerce News# [E-commerce Evening News on May 31] 1. Jack Ma: Alibaba will invest 100 billion yuan to build a national intelligent logistics backbone network; 2. Suning's O2O model stores have exceeded 500, covering 48 cities across the country; 3. Jack Ma responded to Alibaba's investment of more than 30 billion US dollars: it's just the beginning; 4. Cainiao will build a logistics hub in 5 cities to become the first experimental field; 5. Alibaba Vice President Lin Xiaohai: Retail Connect needs to solve the current problems of retail stores; 6. Morgan Stanley: Alibaba's global layout surpasses Amazon AliExpress and becomes the first e-commerce platform in many countries...

　　E-commerce newsletter

　　1. Jack Ma: Alibaba will invest 100 billion yuan to build a national intelligent logistics backbone network

　　At the 2018 Global Smart Logistics Summit, Jack Ma announced that Cainiao will build a national smart logistics backbone network. He said that five years ago, there was a wish to establish a national intelligent logistics backbone network, so as to achieve 24 hours a day anywhere in the country and 72 hours a day in the world.

　　"China's logistics industry is also lucky and unfortunate. Unfortunately, it will soon face 1 billion packages per day." Jack Ma predicted that this year's Double 11 packages will become the average daily volume in ten years. (NetEase Technology)

　　2. Suning’s O2O model stores have exceeded 500, covering 48 cities across the country

　　Suning announced today that another Suning store has officially opened in Chengdu, and the O2O model store has officially exceeded the 500-store mark.

　　Suning said that as of now, Suning Store has covered 48 cities across the country.

　　Suning said that according to the annual plan of 1,500 stores, Suning Store, as the most critical link in the smart retail era to reshape the traffic entrance, will improve the last mile layout with the fastest time. (NetEase Technology)

　　3. Jack Ma responded to Alibaba's investment of more than 30 billion US dollars: It's just the beginning

　　At the 2018 Global Smart Logistics Summit, Jack Ma responded to the outside world's doubts about Alibaba's investment in the past two years. He said that the investment of more than US$30 billion is just the beginning. The reason why Alibaba has made large-scale foreign investment is that it has confidence in the country and the future. "Investing is to have confidence in yourself, but you cannot invest blindly." (NetEase Technology)

　　4. Cainiao will build a logistics hub in 5 cities to become the first experimental field

　　Cainiao announced today a plan to establish world-class logistics hubs in many places around the world in the future. The first batch of places to be considered are Hangzhou, Kuala Lumpur, Dubai, Moscow, and Liege, which will bring a significant acceleration of logistics to Southeast Asia, Western Europe, Russia and other places. At the 2018 Global Smart Logistics Summit held today, Jack Ma, Chairman of Alibaba Group, said that Cainiao will make every effort to build a national smart logistics backbone network, which will consist of two parts: one is to build a 24-hour network in China, and the other is to achieve a 72-hour network along the "Belt and Road" and around the world. (Yibang Power)

　　5. Alibaba Vice President Lin Xiaohai: Retail Connect needs to solve the current problems of retail stores

　　36Kr News, Lin Xiaohai, vice president of Alibaba Group and general manager of the retail business department, said that the pain points faced by retail stores are: the purchase channels are chaotic, with more than 30; the purchase price is 10% higher than the chain business format, the unsold inventory is more than 50%, and the square footage is 1/10 of the convenience store; counterfeit goods are sold from the small store channel. Retail Tong wants to solve the current problems facing retail stores. (36kr)

　　Internet news

　　6. Ant Financial's annual patent application volume exceeds Amazon and Facebook

　　Ant Financial has applied for more than 3,200 patents in China, surpassing Amazon and Facebook, and is growing at a rate of 7 pieces per day. Blockchain, artificial intelligence, security, cloud computing, and IoT are areas where their patent applications are growing rapidly. According to this situation, by the end of 2018, the global patent applications of Ant Financial, which has been officially established for four years, are expected to exceed 10,000. (IPRdaily)

　　7. Nanjing proposed "Eight Nos" to the three major takeaway platforms: price wars are not allowed

　　On the afternoon of May 30, the Nanjing Municipal Bureau of Industry and Commerce, in conjunction with the public security, prices, food and medicine, commerce and other departments, carried out administrative guidance on the three takeaway service platforms, Meituan, Didi and Ele.me, and proposed the "eight prohibitions". Among them, it is particularly proposed that platform companies shall not use "high subsidies" and other means to seize market share. In other words, the three companies are not allowed to engage in price wars.

　　At the meeting, all relevant functional departments proposed "four musts" for takeaway platforms such as Didi, Meituan, and Ele.me in Nanjing based on their respective functions and corresponding laws and regulations: platform operators must have complete certificates and licenses and operate legally; platform enterprises must strengthen the management of takeaway riders; platform must ensure the safety of takeaway food; and the goods sold on the platform must be clearly marked. (Modern Express)

　　8. Queen's report: 56% of the most valuable technology companies in the United States are founded by immigrants

　　Mary Meeker, a venture capital partner at KPCB, who is known as the "Queen of the Internet", released his annual Internet Trends report on Thursday, which is equivalent to the "State of the Union" of the technology industry. This is the 23rd time she has released this annual Internet report.

　　In terms of job creation opportunities for technology companies, the report notes that immigration plays a vital role in the United States.

　　In 2017, 56% of the most valuable technology companies in the United States were founded by first-generation and second-generation American immigrants, hiring 100 million employees. (Sina Technology)

　　Cross-border e-commerce

　　9. Morgan Stanley: Alibaba's global layout surpasses Amazon AliExpress to become the number one e-commerce platform in many countries

　　36Kr News, a recent report from Morgan Stanley shows that by 2027, Alibaba's "total target market" will reach US$24 trillion, far exceeding Amazon's US$15.9 trillion. US media pointed out that Alibaba is becoming a strong rival to Amazon, and AliExpress's rapid popularity in the international market is one of the main reasons. In emerging markets such as Russia, Spain, and Brazil, AliExpress is becoming the leading e-commerce platform in the local area. (Yibang Power)

　　10. There are an average of 55 new sellers per day on Amazon Australia

　　According to data from business intelligence company Marketplace Pulse, the site has more than 2,000 sellers within 24 hours of its launch. A month later, this number has grown to over 5,000. In total, on average, 55 new sellers join Amazon Australia every day. However, this growth has not lasted for long, and now Amazon's growth trajectory has slowed significantly, with only 2,112 new sellers joining in May this year. To this day, nearly 14,000 sellers on the platform are selling goods, but it seems that Australian consumers have lost their original interest in this e-commerce platform. SimilarWeb data shows that the website attracted 14.3 million visitors in December, but the monthly visitor volume fell to 10 million in April this year. In comparison, eBay Australia's visits that month were 75.7 million. (Yien.com)

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