#Laogao E-commerce Newsletter# [E-commerce Evening News on July 18]

　　#Laogao E-commerce News# [E-commerce Evening News on July 18] 1. Reuters commented that Ele.me seeks huge financing: Jack Ma’s appetite is generally overwhelmed; 2. Users exceed 600 million. The mid-year report of the 2018 mini program was released; 3. Taobao decided to change the "Taobao banned goods management specifications"; 4. Meituan Dianping launched a new retail brand "Meituan Flash Sales"; 5. In 4 years, the P2P platform Yindou.com exploded and lost contact...

　　E-commerce newsletter:

　　1. Reuters commented that Ele.me seeks huge financing: Jack Ma's appetite is generally overwhelmed

　　According to Reuters, Alibaba's food delivery platform was recently exposed to seeking $2 billion in financing, which may be a sign that the company's appetite is too big and leads to "indigestion." Reuters believes that in fact, Jack Ma's appetite may exceed his digestive ability. Ele.me's rapid return to the financing market shows how expensive the money-burning war to compete for market share with Meituan Dianping is. (Phoenix Technology)

　　2. Users exceed 600 million. 2018 mini program mid-year report released

　　In Q2 2018, the total number of WeChat mini programs reached 1 million, an increase of 72% compared with 580,000 mini programs half a year ago. The market size of the mini program shows a rapid expansion trend. From the perspective of geographical location distribution, mini programs are mainly concentrated in first-, second- and third-tier cities, of which second- and third-tier cities account for 46.3%, nearly half.

　　3. Taobao decided to change the "Taobao product banned" management specifications

　　36Kr News, before the change, Taobao only banned the sale of "bitcoin, litecoin and other Internet virtual currencies and related commodities"; after the change, the scope of banned sales was expanded to "digital products and derivative services such as virtual currencies generated based on blockchain technology." In the specific situation of ban on sales, Taobao added mentions of PPCoin and NameCoin, and explicitly prohibited digital pets such as encrypted cats; and in the specific situation, ICO derivative services are also ordered to be banned. (36Kr)

　　4. Liu Hui, JD.com Data Research Institute: There will be no "consumption downgrade" in the retail industry

　　Liu Hui, director of JD Data Research Institute, believes that the retail industry will not currently experience the "consumption downgrade" phenomenon that many people were worried about before. It is worth noting that cities below the fourth tier and below are a big opportunity; consumers are becoming more and more mature; social e-commerce is developing rapidly. (Global Network)

　　Internet Information

　　5. Meituan Dianping launches new retail brand "Meituan Flash Sales"

　　On July 18, Meituan Dianping held a press conference at the Kuntai Hotel in Beijing and announced the launch of the new brand "Meituan Flash Sales".

　　At the scene, Wang Putong, senior vice president of Meituan Dianping, introduced that when people mention Meituan, they often think of catering and takeaway, but Meituan Dianping is no longer just this. The reason for launching the new brand "Meituan Flash Sales" is to adapt to the transformation and upgrading of the retail industry. (Europe)

　　6. In 4 years, the actual controller of Yindou.com broke out and lost contact

　　According to the information released by Yindou.com, it has been in operation for 4 years and 178 days. Today, the controller Li Yonggang lost contact and the investor's funds are temporarily unable to be redeemed. The operation and bid issuance will be stopped from now on, and all online operations will be suspended. At the same time, it means that the CEO has reported the case and will make up for the investors' losses to the greatest extent after the funds are recovered. (E-commerce News)

　　7. Booking invests $500 million Didi is optimistic about the Chinese market

　　July 18th news, recently, online travel giant Booking Holdings invested $500 million in China's largest online ride-hailing Didi Chuxing. In response, Booking.com CEO Gillian Tans said at the meeting that online ride-hailing is an important part of Booking's strategy of deeply entering the transportation business. At the same time, China has long been a key market for Booking companies. "China is extremely important to our future development direction," she emphasized. (E-commerce News)

　　8. The unveiling ceremony of Lerong Building was cancelled: Maybe it was protested because LeTV Holdings sat quietly

　　Liu Shuqing, Chairman of LeTV and CEO of Lerong Group, officially released the Lerong brand today and held the unveiling ceremony of Lerong Building. However, during the brand release process, Liu Shuqing said that due to obstacles from LeTV Holdings, the unveiling ceremony was cancelled. However, when the press conference ended, the relevant obstructionists had already left. Subsequently, the reporter learned from the internal employees of Lerong Group that in the morning and morning this year, people who claimed to be LeTV Holdings financial personnel led 4-5 people to sit downstairs of Lerong Building to protest the building's name change. (Tencent First-line)

　　9. Baidu takeaway agents gather to protect their rights. Baidu: What they ask for is no basis

　　In recent days, Baidu takeaway agents from all over the country have gathered at Baidu headquarters to protect their rights. According to media reports, by yesterday, the number of people on site had reached more than 100. According to feedback from the on-site agents, more than 100 agents were still on the way. Baidu Takeaway agents said that they had cheated of money by Baidu and had no money to stay in a hotel, so they had to sleep at the door of Baidu. This incident stems from the sale of Baidu's takeaway business last year. In August 2017, Ele.me officially announced the acquisition of Baidu Takeaway. The agent on site told the media that the subject of its class action lawsuit was RMB 460 million. (Sina Technology)

　　Cross-border e-commerce

　　10. Walmart may promote video streaming services: Compete with Netflix and Amazon

　　Walmart may be considering launching its own video streaming subscription service, making it expected to be a competitor to Netflix and Amazon Prime Video. Sources revealed that if the service is launched, its pricing may be lower than what the two major competitors offer. Currently, the Netflix subscription service is priced at $8-14, Amazon is $9 per month, and Hulu is $8-12. Walmart reportedly also considers offering free video streaming services with ads. The service is still in the discussion stage and may even end in failure. But it would be interesting if Walmart imitates companies such as Facebook and Apple and starts moving towards video. (The Information)

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