#Laogao E-commerce Newsletter# [E-commerce Morning News on July 26]

　　#Laogao E-commerce Newsletter# [E-commerce Morning News on July 26] 1. Pinduoduo's IPO oversubscription by 20 times, and will be priced at the upper limit of the pricing range of US$19; 2. Soufang.com's net loss of $44.9 million in Q1 was a decline in e-commerce service revenue; 3. Didi Chuxing trial operation of in-vehicle monitoring function; 4. Ant Financial: In the future, it will "open" local financial regulatory agencies and other behaviors; 5. Ele.me CEO Wang Lei: With the support of Alibaba, we are not short of money at present...

　　E-commerce newsletter:

　　1. Pinduoduo IPO oversubscription by 20 times, and will be priced at the upper limit of the pricing range of US$19

　　Market insiders close to the Pinduoduo project said that Pinduoduo's US stock IPO subscription is very popular, and it has now exceeded the subscription by 20 times. It will eventually be priced at the upper limit of US$16/ADS-19/ADS pricing range of US$19/ADS. Pinduoduo will be listed on Nasdaq on July 26, Eastern Time. The person revealed: "Due to the high over-subsidy multiple, Pinduoduo has the right to exercise the right to raise the price by 20%, that is, to adjust the pricing per ADS to US$22.8, but Huang Zheng insists on pricing at US$19." (Caixin)

　　2. Soufang.com's net loss of $44.9 million in Q1 was a decline in e-commerce service revenue

　　Beijing time, July 25, (NYSE:SFUN) released its unaudited financial report for the first quarter of fiscal year 2018 ended March 31 today. According to the financial report, Soufang.com's total revenue in the first quarter was US$62.8 million, down 42.8% from US$109.8 million in the same period last year; the net loss attributable to Soufang.com shareholders was US$44.9 million, an increase of 274% from the net loss of US$12 million in the same period last year. (Phoenix Technology)

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　　3. Meituan has not yet entered the stage of determining valuation, and rumors of a decline in IPO valuation are not referenceable

　　Sources close to Meituan said that Meituan is currently in the preparation stage before the hearing and has not entered the stage of determining the valuation, so any rumors and discussions about the valuation are not referenceable. (Economic Observation Network)

　　4. Didi Chuxing trial operation in-vehicle monitoring function

　　When a Didi Travel passenger was taking a taxi, a line of words popped up on the Didi APP asking the passenger "Do you turn on the in-car monitoring?" But the driver said he was unaware of the situation. No monitoring device was installed in the car, and reminded the itinerary monitoring to share the itinerary with others. In this regard, relevant personnel from Didi Chuxing said that this function is a test of our (Didi) car function. However, Didi has not disclosed much about the specific functions of the device and the time of full implementation. (Phoenix Technology)

　　5. Ant Financial: In the future, it will "open" local financial regulatory agencies and other behaviors

　　Zhang Ying, the technical director of Ant Financial's "Risk Brain", revealed that in the future, Ant Financial will combine the latest blockchain technology with the risk brain, and "on-chain" the behavior of local financial regulatory agencies, regulatory technology platforms and related companies, and record them on the same ledger. It is not tampered with, and it will help the accuracy and transparency of information. (Securities Daily)

　　6. Weishi's new version launches functions such as waist slimming and body shaping

　　36Kr News, Tencent Weishi released Android version 4.5, launching new functions such as waist slimming and body shaping. In addition, the new version of Weishi has launched many new functions such as shooting and singing, time effects, body magic, lyrics and subtitles, further enriching the fun gameplay. At present, users can download and experience Weishi version 4.5 in major Android application markets, and the iOS version will be launched soon. (36Kr)

　　7. Ele.me CEO Wang Lei: With Alibaba’s support, we are currently not short of money

　　According to foreign media reports, CEO Wang Lei said that his goal is to occupy a major share of China's takeaway market in the near future.

　　With the growing demand for last-mile delivery in the overall strategy, Wang Lei said that entering Alibaba's ecosystem has created new opportunities for Ele.me. (Global Network)

　　8. "Will common functions of WeChat be charged for full charges"? Tencent: Not true

　　Recently, some media reported that "Tencent will implement iron orders on August 1, and all WeChat functions will be charged fully!" In response, the WeChat team issued a statement saying that the statement was seriously incorrect.

　　According to the announcement of WeChat Financial Management, starting from August 1, 2018, each repayment will be charged at 0.1% of the repayment amount (the amount of the handling fee is calculated to 2 decimal places, with the lowest 0.1 yuan). The handling fee will be paid together with the repayment amount when the user performs a repayment operation. (Yibang Power)

　　Cross-border e-commerce

　　9. Amazon's stock price hits a new high, with market value exceeding $900 billion

　　36Kr News: As of the close of US stocks on Wednesday, Amazon's stock price was US$1863.61, an increase of 1.88%, with a market value of US$904.274 billion, breaking the $900 billion mark for the first time. Amazon's stock price has risen by nearly 60% this year. (36Kr)

　　10. eBay will accept Apple Pay payments this fall

　　Yibang Power learned that it will launch a new managed payment solution for some sellers in North America starting this fall as planned. Apple Pay will be one of the first payment methods available in eBay's new payment solution.

　　By then, buyers will be able to purchase items through Apple Pay from sellers participating in the experience of the new payment method. Consumers using Apple Pay on Apple iOS and Safari will be able to complete shopping payments through the eBay APP and mobile web version. (Yibang Power News)

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