#Laogao E-commerce Newsletter# [June 1 E-commerce Morning Newsletter]

　　#Laogao E-commerce Newsletter# [June 1 E-commerce Morning News] 1. It is likely that Tmall Double 11 will have sales of more than 250 billion in 20 days; 2. Xiaohongshu completed a new round of financing of more than 300 million US dollars, led by Alibaba; 3. The first Xiaomi supermarket store is expected to open two more companies this year; 4. Gao Rong and Zhang Zhen: It took only 15 minutes to make a decision; 5. JD.com entered the field of home decoration and building materials; 6. Wan Lin: Cainiao officially launched the artificial intelligence Cainiao voice assistant...

　　E-commerce newsletter

　　1. Tmall Double 11 may have sales of more than 250 billion in 20 days

　　An insider close to Tmall revealed to Yibang Dynamics that the Tmall Double 11 promotion this year is likely to be extended and will no longer be limited to November 11. The above-mentioned person familiar with the matter said that Tmall Double 11 sales may exceed 250 billion yuan this year, and Hema Fresh and the new retail system will be included in Tmall Double 11. As the promotion time is longer, merchants will invest more, while unicorn companies and big brands will have more advantages. "This type of enterprise has the capital to invest." A Tmall merchant said in a merchant group that Tmall revealed during a meeting that this year's Double 11 promotion may be held for 20 days. (Yibang Power)

　　2. Xiaohongshu completed a new round of financing of over US$300 million, led by Alibaba

　　Xiaohongshu announced to the internal news today (May 31) that the company has completed a new round of financing of more than US$300 million, led by Alibaba. New and old shareholders including Jinshajiang Venture Capital, Tencent Investment, Jiyuan Capital, Yuansheng Capital, Tiantu Investment, Zhen Fund, and K11 Mr. Zheng Zhigang participated in this round of financing.

　　Previously, Xiaohongshu has been interpreted by the outside world as one of Tencent’s layouts in the e-commerce field against Alibaba. With Alibaba’s lead investment and Tencent’s follow-up investment again, Xiaohongshu’s future trend has also attracted more attention. (Beijing News)

　　3. The first Xiaomi supermarket store is expected to open two more this year.

　　According to May 31, yesterday, the first Xiaomi supermarket store opened by Su Guo and Leyu Brookstone was settled in Nanjing Su Guo Gold Coast Shopping Plaza. It is understood that this Xiaomi brand store is a new retail experience store integrating new image display, Xiaomi product experience consultation, social interaction, and the Brookstone novelty and wonderful health experience, covering consumers' personal and family life, as well as office, travel, and play scenes. (Yibang Power)

　　4. Gao Rong and Zhang Zhen: Leading the investment in Pinduoduo in the A round, it only took 15 minutes to make the decision.

　　Zhang Zhen’s investment report card at IDG includes Storm Video, Razer, Gibit, Blueport, 3G Portal, etc., with less than 30 projects, of which 10 have been listed. After founding Gao Rong, Zhang Zhen used the lead investor as the leader in the A round to invest in Pinduoduo, which was later valued at more than 10 billion US dollars.

　　Zhang Zhen judged that the project was very keen and swift. For example, he only communicated with Pinduoduo's founder Huang Zheng for 15 minutes before resolutely deciding to invest. In the view of Yang Guang, co-founder of Shuidi Company, Zhang Zhen has an accurate understanding of the business and can quickly make judgments in a very short time, with clear ideas. At the same time, after investment, the company's development will be the first priority. (Beijing News)

　　5. JD.com enters the field of home decoration and building materials

　　JD announced yesterday that it had officially launched its building materials business. In the future, various merchants and individual consumers will be able to purchase various building materials such as sand, gravel, cement, pipe fittings, and paints on the JD platform. The launch of JD.com's building materials business will open up the last link of JD.com's home decoration supply chain, and work with other sections to create a one-stop shopping service platform for high-quality home decoration. (Lianshang.com)

　　6. Wan Lin: Novice officially launches Novice voice assistant

　　At the 2018 Global Smart Logistics Summit, Cainiao President Wan Lin said, "Cainiao has built a world-leading smart logistics network in 5 years. Now, we are ushering in the beginning of a new logistics era." He announced that Cainiao All In new logistics track has officially launched the logistics IoT strategy. Wan Lin pointed out that new logistics is a reconstruction of all factors, processes and scenarios of logistics, and is an overall upgrade of traditional logistics, allowing logistics to keep up with the pace of rapid commercial iteration. (NetEase Technology)

　　Internet news

　　7. Tsai Chongxin: Many Americans want to stop China from developing technology

　　On May 31, according to foreign media reports, Alibaba co-founder Tsai Chongxin said on Wednesday local time in the United States that many Americans hope to prevent China from improving their technical level and not to make China more innovative.

　　Tsai Chongxin made the above statement at a meeting in California, which was also directed at a U.S. senator's remarks. Earlier, the U.S. senator had claimed that Chinese technology companies might play the role of Beijing's agent. Cai Chongxin is one of the founders of Alibaba, and he is now the executive vice chairman of Alibaba Group.

　　These confrontational claims emerged in another trade tension between the two major powers of China and the United States. U.S. officials claim that the prosperity of Chinese companies has stolen innovations from U.S. companies. On Tuesday local time, the U.S. government said it could impose tariffs on $50 billion of goods imported from China unless the Chinese government resolves theft of intellectual property. (NetEase Technology)

　　8. Ofo cancels the credit deposit-free policy in 20 cities, only the five cities in Shanghai, Hangzhou, Guangzhou, Shenzhen and Xiamen are retained.

　　Ofo users in Yinchuan, Shijiazhuang, Fuzhou and other places said on Weibo that ofo suddenly could not ride without custody, and there was a prompt of "95 yuan recharge balance without custody". Previously, ofo had launched credit without custody in these cities.

　　"We are exploring a diversified method of deposit-free. Previously, the cooperation with Sesame Credit was just a kind of deposit-free method. This time we try a new method of deposit-free. In the future, once users engage in uncivilized car use, the system will deduct corresponding fees from the user's account. On the contrary, if users use cars in a standardized manner, we will not deduct fees, and will accumulate credit points for users." ofo said, "This adjustment is one step. If there is any latest update in the subsequent official, I will share it with you as soon as possible." (The Paper)

　　9. Didi was interviewed by the Shanghai Consumer Protection Committee and promised that drivers would not go through the password-free payment channel.

　　Recently, the Shanghai Consumer Protection Committee found from consumer complaints and related media reports that Didi Chuxing Technology Co., Ltd. (hereinafter referred to as "Didi Chuxing") may have loopholes in password-free payments, or may lead to property losses to consumers. Many consumers have enabled Didi Chuxing’s password-free payment function, but consumers do not know that Didi Chuxing also gives drivers certain price increase permissions. Drivers can charge additional fees based on bridge fees, tolls, parking fees, and even mileage compensation caused by signal loss in the tunnel. If the driver unilaterally charges the fee and the consumer activates the password-free payment function, the consumer will be charged overpay without knowing it. To this end, the Shanghai Consumer Protection Committee conducted an inquiry with Didi Chuxing in accordance with the law on the above situation and interviewed Didi Chuxing on May 31, 2018. (Pengpai News)

　　Cross-border newsletter

　　10. AliExpress releases prohibited infringement of products related to the 2018 World Cup

　　Hugo.com News: AliExpress is connected to a notice from FIFA (International Football Federation) and Roskomnadzor (Russian Federal Telecommunications, Information Technology and Mass Media Supervision Bureau), requiring sellers to comply with laws and regulations, prohibit infringement, and reminds sellers not to use FIFA registered trademarks or works without official authorization in the product title and description for traffic. Some keywords belong to FIFA registered trademarks or works, and unauthorized use is infringement.

　　In addition, in order to avoid complaints from rights holders and punishment from the platform, the seller must conduct self-examination and self-correction on product information (including pictures, titles, and detailed descriptions of products online or removed from the shelves), and modify or delete keywords and pictures that are infringed or improperly used. AliExpress reserves the right to impose relevant penalties in accordance with platform rules. (Hugo.com)

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