#Laogao E-commerce Newsletter# [E-commerce Morning News on August 3]

　　#Laogao E-commerce Newsletter# [E-commerce Morning News on August 3] 1. The founder's value of Pinduoduo evaporated by US$1.18 billion in a single day, and the ranking of the rich list is still surpassing Liu Qiangdong; 2. Didi and Ant Financial jointly invested in the acquisition ofo for US$1.4 billion; 3. Hong Kong media: 280 stores in Hong Kong's Kali Le introduced Alipay; 4. Alibaba Cloud released the ET Industrial Brain Open Platform for delivery at only 6 days at the fastest time; 5. After Zheng Yuanjie, People's Literature Publishing House also reported Pinduoduo...

　　E-commerce newsletter:

　　1. The founder’s value of Pinduoduo evaporated by US$1.18 billion in a single day, and the ranking of the rich list is still surpassing Liu Qiangdong.

　　As Pinduoduo's stock price fell sharply due to the problem of counterfeit goods, the company's founder Huang Zheng's value fell. According to the Billionaire Index, Huang Zheng’s current wealth is US$10.5 billion, and it fell by US$1.18 billion in a single day on Wednesday, ranking 138th in the world. However, Huang Zheng's ranking in the Rich List is still higher than his e-commerce peer and JD founder Liu Qiangdong, who is currently ranked 177th in the billionaire index and has a net worth of US$8.43 billion. (Source: Wall Street News)

　　2. The number of SKUs in Indonesia has exceeded 2,000.

　　On August 2, JD.com announced that the first unmanned supermarket in Southeast Asia, JD.com X Unmanned Supermarket Indonesia PIK store, was officially put into operation. It is also the first store of JD.com X Unmanned Supermarket overseas. It is reported that the area of ​​JD X Unmanned Supermarket Indonesia PIK store has an area of ​​270 square meters, including clothing, home furnishings, beauty, daily fast-moving consumer goods and other product categories, with more than 2,000 SKUs, making it the largest and most SKUs among all JD X Unmanned Supermarkets. Like in China, consumers only need three steps to complete shopping at the PIK store in JD X unmanned supermarket in Indonesia: face-scanning into the store, smart shopping and unsensing settlement. When consumers enter the store, they bind their personal identity and payment information by scanning their faces. The supermarket uses RFID radio frequency identification technology. After choosing products, consumers only need to go through the intelligent settlement channel to complete the settlement. (Yibang Power News)

　　3. Hong Kong media: 280 stores in Hong Kong Kale introduced Alipay

　　On August 3, Hong Kong media said that Alipay HK (Alipay Hong Kong), a joint venture with Alibaba affiliate Ant Financial, continues to expand its coverage in Hong Kong. It has recently cooperated with Gale Group to introduce electronic currency wallet payments to more than 280 local branches under Gale. According to reports, this cooperation will cover 13 brands under Ka Le Group, including designated restaurants such as Ka Le, Yizhu Noodle, Spaghetti House, Dondon Ting, etc., with a total of more than 280 branches. (E-commerce News)

　　4. Alibaba Cloud releases the ET Industrial Brain Open Platform to deliver the fastest 6 days

　　According to August 2, with the continuous advancement of the current Industrial 4.0 process, most manufacturing industries are at the turning point of "transformation of old and new kinetic energy". Recently, in order to promote the transformation and development of domestic manufacturing, Alibaba Cloud officially released the "ET Industrial Brain Open Platform". The Industrial 4.0 strategy with automation as the premise and intelligent manufacturing as the core is inseparable from the support of the Internet of Things, industrial big data and cloud computing technology behind it. The open platform launched by Alibaba Cloud this time is a solution to these three points. (TechWeb.com)

　　5. After Zheng Yuanjie, People's Literature Press also reported Pinduoduo

　　On August 2, People's Literature Publishing House issued a statement saying that it will hold Pinduoduo shopping platform legally responsible for selling pirated books.

　　People's Literature Publishing House said that a large number of pirated books that infringe on the rights and interests of People's Literature Publishing House were found on Pinduoduo, including series of books such as "Red Stars Shining in China" and "Long March". According to sales statistics released by Pinduoduo mobile client, as of July 27, 2018, the Pinduoduo platform sold more than 100,000 copies of "Red Stars Shining in China" at a low price, more than 50,000 copies of "Long March", more than 50,000 copies of the "Harry Potter" series, and more than 5,000 sets of the "Four Great Classics" of the Humanities Society version of classical literature.

　　At the same time, the statement also stated that the People's Literature Publishing House will report the issue of Pinduoduo's sales of pirated books to the Office of the Cybersecurity and Information Technology Committee of the CPC Central Committee and the State Administration for Market Regulation, and hold it legally responsible through legal means and order it to compensate for its losses for its previous counterfeiting. (Yibang Power News)

　　Internet Information

　　6. Didi and Ant Financial jointly invested in the acquisition ofo for US$1.4 billion

　　According to veterans in the shared bicycle industry, ofo's acquisition negotiations are coming to an end. Unlike before, this time, Didi and Ant Financial jointly invested a acquisition for US$1.4 billion, and will also bear an additional US$200 million in ofo's debt. The person further revealed that Didi and Ant Financial have signed a framework agreement with ofo. In response, Didi said it would not comment; and ofo insiders replied, "It's nothing." (Phoenix Technology)

　　7. Google and Unity reach a strategic partnership to open up the mobile game advertising market

　　According to VentureBeat, in order to promote the development of mobile game advertising business, Google and game engine developer Unity announced a strategic partnership. Google advertisers will be able to publish advertisements in games using the Unity game engine, and game developers can also work with more advertisers - after all, Google's number of advertisers is not comparable to Unity, increasing advertising business revenue. (E-commerce News)

　　8. China's home appliance grid shopping scale exceeded 260 billion yuan in the first half of the year

　　The "Analysis Report on Online Shopping for Home Appliances in the First Half of 2018" released by the Ministry of Industry and Information Technology Cydie Research Institute and China Electronics News Agency showed that in the first half of the year, the scale of my country's B2C home appliance online shopping market (including mobile terminals) reached 264.1 billion yuan, an increase of 22% year-on-year, five times that of the first half of 2013. According to the report, most home appliance products such as air conditioners, refrigerators, washing machines, and small appliances grew online by more than 30% in the first half of the year, higher than the national retail average growth rate. (People's Daily)

　　9. "Indian version of headlines" NewsDog completed C+ round financing

　　36Kr learned that the "Indian version of headlines" NewsDog completed a C+ round of financing from Yuanjing Capital today. In May this year, NewsDog just completed a US$50 million Series C financing led by Tencent, followed by Danhua Capital, Junlian Capital, and DotC United Group to raise the largest financing for Indian news apps (36Kr)

　　Cross-border e-commerce

　　10. Amazon's Q2 advertising business is developing rapidly, with a conversion rate of three times that of Google!

　　Amazon's chief financial officer pointed out at the Q2 financial report meeting that the advertising business will bring more revenue in the future, and it has a broad profit market among platform sellers, brand sellers and third-party advertisers. The 2018 Q2 digital marketing report by digital marketing company Merkle shows that Amazon's advertising is very effective, with the conversion rate of its product and title search ads being 3-3.5 times that of Google Shopping ads. Advertisers may get higher conversions through Amazon’s ad delivery because their users have potential shopping needs, not just casually browsing the web. (Hugo.com)

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