#Laogao E-commerce Newsletter# [E-commerce Morning News on July 25]

　　#Laogao E-commerce Newsletter# [E-commerce Morning News on July 25] JD.com and Junlan Hotel Group reached a cooperation; Amazon expanded Whole Foods delivery service to New York City and Florida; the Administration of Foreign Exchange announced foreign exchange violations, and Alipay Tenpay was on the list; Yi Lianzhong: Cooperation with Ant Financial in vaccine traceability; Tencent plans to invest in Oyo, India's largest economic hotel, with a valuation of more than US$2 billion...

　　E-commerce newsletter:

　　1. Alibaba Xieying: Other giants invest in asphalt cement, while Alibaba provides highways

　　Xie Ying, director of Alibaba's strategic investment department, said: "Other giants invest in asphalt cement, while Alibaba provides highways. Most investment institutions or strategic investments are invested by investors as directors by the invested company, while most of the projects of Alibaba investment are carried out by people from the business department. This proves that we do care very much about how the two companies form a collaboration in their business. People who understand the business will have a more intuitive perspective when sitting on the board of directors to drive the collaboration or integration of the two companies." (36Kr)

　　2. Amazon expands Whole Foods delivery service to New York City and Florida

　　Amazon said it has expanded its Whole Foods Market business to three major cities in New York City and Florida. Prime members in Lower Manhattan, Brooklyn and parts of Long Island, as well as Fort Lauderdale, Miami and Palm Beach, Florida, now have Whole Foods delivery. Amazon plans to expand the service to more neighborhoods in New York City and other cities in the United States within the year. (Wall Street Journal)

　　3. Pinduoduo IPO priced at US$22.8, with a market value of US$28.8 billion, exceeding 13 times oversubscribe

　　According to the self-media "IPO Early Knows", Pinduoduo's IPO is priced at US$22.8 with a market value of US$28.8 billion, equivalent to a price-to-earnings ratio of 37 times the expected net profit in 2019. The price range for Pinduoduo's IPO is US$16-19. Due to oversubscriptions of more than 13 times, the company decided to raise the price by 20% on the basis of the upper limit of the price range, with a price of US$22.8. Pinduoduo will be officially listed on the US stock market this Thursday and will hold a bell ringing ceremony in Lujiazui, Shanghai via remote. (36Kr)

　　4. JD.com and Junlan Hotel Group reach cooperation

　　36Kr News, on July 24, JD.com and Junlan Hotel Group officially signed a strategic cooperation agreement, and reached a consensus on multiple cooperation projects such as the member sharing plan, the "Jingfair" IP cooperation plan, and the brand improvement plan. The two parties will integrate their respective advantages in the e-commerce and hotel fields to deeply integrate core resources. (36Kr)

　　Internet Information

　　5. The State Administration of Foreign Exchange announced foreign exchange violation cases, and Alipay Tenpay is on the list

　　36Kr News: In the first half of the year, the State Administration of Foreign Exchange investigated and dealt with 1,354 foreign exchange violations and fined 345 million yuan. In addition, many third-party payment companies have appeared for the first time in the case of the State Administration of Foreign Exchange publicly reporting foreign exchange violations. For example, Alipay (China) was fined RMB 600,000 for handling cross-border foreign exchange payment business beyond the scope of approval and incorrectly declared the balance of payments; Tenpay Payment Technology Co., Ltd. was fined RMB 600,000 for handling cross-border foreign exchange payment business for non-residents without filing procedures, and failed to submit abnormal risk reports and other information as required. (36Kr)

　　6. Tencent plans to invest in Oyo, India's largest economy hotel, with a valuation of more than US$2 billion

　　According to the Times of India, two people familiar with the matter revealed that Chinese Internet giant Tencent is negotiating with Oyo Rooms, India's largest economic chain, to lead the investment in the latter's latest round of financing of US$300 million to US$500 million. Sources said the valuation of Oyo is likely to exceed $2 billion, more than double the ($850 million) it received investment from SoftBank Vision Fund last year. (Phoenix Technology)

　　7. Yi Lianzhong: Cooperation with Ant Financial on vaccine tracing

　　36Kr News, Yi Lianzhong announced tonight that the company, controlling shareholder and actual controller do not have any major matters that should be disclosed. The company and Ant Financial are actively promoting cooperation in various fields, among which in terms of blockchain, they are currently mainly engaged in vaccine tracing and prescription outflow. Regarding the origin of vaccines, the company and Ant Financial jointly discussed it. It is still in the planning and design stage of the technical plan. There is great uncertainty about whether it can be implemented in the future and the promotion of the market after implementation. (36Kr)

　　8. There are multiple P2P projects on Xiaomi platform that have exploded and involved an amount of about 40 million yuan.

　　According to July 25, several Xiaomi users said that they had previously purchased P2P financial platform products such as Butler Financial Services and Akita Fortune recommended by Xiaomi in Xiaomi's VIP mission system and Xiaomi Sports App. Now many platforms have "exploded". According to preliminary statistics from Xiaomi, the total number of users who complained to Xiaomi about the risks of related P2P platforms has reached 429, involving an amount of about 40 million yuan. However, this 40 million yuan is only the money involved by the user, not the money that has been confirmed for losses. Some users have reported that they are already seeking investment funds. (E-commerce News)

　　Cross-border e-commerce

　　9. Cross-border e-commerce comprehensive pilot zone helps foreign trade enterprises upgrade

　　在第三批确认的22个跨境电商综合试验区中，沈阳市列名其中。综合看来，如果搭上这列快车，沈阳沈阳跨境企业将在多个方面受益。（中国贸易报）

　　10. Tmall International Imported Makeup Trend Data Report: Facial Mask Purchase Rate Top, Men Love to Buy Lipsticks

　　With the development of cross-border e-commerce, the demand for beauty is growing, and women are no longer the only consumer group. Judging from the recent trend data report on imported makeup related to Tmall International, men also occupy a place among the consumers of makeup, and the 1990s occupies half of the entire consumer army. Imported facial masks ranked first, and lipsticks became second. (Hugo.com)

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