#Laogao E-commerce Newsletter# [E-commerce Morning News on August 9]

　　#Laogao E-commerce Newsletter# [E-commerce Morning News on August 9] 1. Alibaba takes a big move: 88VIP connects internal members of Alibaba; 2. Suning.com: It will issue bonds of no more than 2 billion yuan; 3. It is reported that ofo plans to withdraw from the Korean market, and most local employees have been suspended; 4. Sogou was claimed for infringement of the encyclopedia entry; 5. Alipay starts a heartwarming action late at night...

　　E-commerce newsletter:

　　1. Alibaba takes the ultimate move: "88VIP" connects internal members of Alibaba

　　On August 8, Alibaba announced that it would upgrade its Tmall and Taobao members to "88 members", and "Naoqi Value" as the "ID card" of each member will help the platform provide more personalized services to members with different scores. Alibaba Group Chief Marketing Officer Dong Benhong revealed the mysterious "88VIP" membership plan: After becoming "88VIP", you can not only enjoy 15% off on high-quality products from Tmall Supermarket, Tmall International Direct, and 88 brands around the world, but also note that joining the "88VIP" membership will automatically upgrade to annual card members including Youku, Ele.me, Xiami, and Taopiaopiao. Completely connect internal members of Alibaba's four major companies. (Yibang Power)

　　2. Ele.me announced in-depth cooperation with Harobike and 4 months to receive seven major commercial entities to focus on local life services

　　Just after the takeaway market has become accustomed to subsidies, BD and the traditional troika of new attractions for many years, Ele.me, empowered by Alibaba, has been more like a high-speed rail in the past four months. After announcing its connection with Alibaba's ecological commercial entities such as Tmall Shop, Alibaba Health, RT-Mart, and Hema, it announced yesterday that it had completed the entrance connection with Hello Bicycle. It is understood that in early August, the pilot cooperation between Ele.me and Haro Bicycle has quietly begun in five cities: Wuhan, Qingdao, Wuxi, Tianjin and Shenzhen. Users can obtain Ele.me super members for free by purchasing the cycling card of Haro Bicycle. At the same time, Ele.me will provide tens of millions of Ele.me super membership rights in the Haro Bicycle APP. At the same time, Ele.me will issue tens of millions of Ele.me super membership rights in the near future. Haro Bicycle is one of the key partners, and more cooperation will be launched in the future. In early September, the cooperation between Ele.me and Haro Bicycle will expand to the whole country. (Tianxia Online Business)

　　3. Suning.com: It will issue bonds with a scale of no more than 2 billion yuan

　　Suning.com (002024.SZ) issued an announcement stating that it will issue bonds with a scale of no more than 2 billion yuan (including 2 billion yuan) to qualified investors, each with a face value of 100 yuan and an issue price of 100 yuan per piece. (36Kr)

　　4. Secoo announced the completion of US$175 million in financing

　　In August, September, Secoo Group announced that a US$175 million strategic financing transaction provided by L Catterton Asia and JD.com has been completed. At the same time, the group's board of directors has approved the appointment of Ravi Thakran as a director and appointed JD Hu Shengli as an observer for the board of directors.

　　On July 9, Secoo announced a strategic cooperation with L Catterton Asia, a consumer goods private equity investment company under LVMH Group, and Chinese retailer giant JD.com, and will receive US$175 million in investment. (E-commerce News)

　　5. Alipay starts a heartwarming action late at night

　　On August 8th, Alipay released on its official Weibo today. From now until the end of the month, from 11:00 to 6:00 a.m. every night, 7 cities such as Guangzhou, Hangzhou, Wuhan, Xi'an, Tianjin, Zhengzhou and Nanjing can take Alipay twice for free. Alipay said it hopes that this move will make it more convenient for people to get up early and go home from the city at night. (E-commerce News)

　　Internet Information

　　5. News said ofo plans to withdraw from the Korean market, and most local employees have been suspended

　　According to the Korea Herald, people familiar with the matter revealed that Chinese shared bicycle company ofo is preparing to withdraw from the South Korean market and turn its focus to the domestic market. The company has been in South Korea for less than a year. Ofo recently began preparing to suspend operations in South Korea; as part of the overall layoffs, most Korean market employees have been "suspended". Although the exact reasons have not been proven, ofo's exit from the South Korean market appears to be part of a global strategy to withdraw countries and cities with difficult business environments or poor profitability. (Phoenix Technology)

　　6. Wang Xiao of Jiuhe Venture Capital: Scenario-based service capabilities are the key to grasping the dividends of WeChat ecosystem

　　36Kr learned that Wang Xiao, founder of Jiuhe Venture Capital, said that WeChat's dividend cycle is particularly short. From now on, it will be difficult for entrepreneurs who want to be WeChat ecosystem to emerge if they don’t appear. He said: "Unless you have special offline scenarios or services, or some scenarios themselves have the ability to obtain traffic, you still have a chance to discover them. This bonus period is relatively short, so everyone must make great efforts when the dividends rise. You must use the WeChat mini program to enlarge the most core capabilities in your scenarios and services. It is recommended not to try it a little bit. (36Kr)

　　7. Sogou was claimed for more than 23.69 million yuan for infringement of encyclopedia entry

　　On August 9, the official website of the Haidian District People's Court of Beijing released a case report yesterday stating that Shanghai Dictionary Publishing House Co., Ltd. has sued Beijing Sogou Information Service Co., Ltd. to the court. The reason is: Sogou Company uses a large number of entries from the "Chinese Dictionary" in its website "Sogou Encyclopedia" without permission, and does not indicate the source of the content. After notarization, the infringement entries involved totaled 26,332 thousand words. Shanghai Dictionary Publishing House demanded that infringement be stopped, apologize, eliminate the impact, and compensate more than 23.69 million yuan. (E-commerce News)

　　8. NetEase's net revenue increased by 21.7% year-on-year in the second quarter

　　According to August 9, NetEase (Nasdaq: NTES) today released its second quarter 2018 financial report. According to the financial report, NetEase's net income in the second quarter of 2018 was RMB 16.284 billion (approximately US$2.461 billion), a year-on-year increase of 21.7%; net profit of RMB 2.1 billion (approximately US$318.3 million), a year-on-year decrease of 30%; based on non-US general accounting standards (Non-GAAP), net profit of RMB 2.7 billion (approximately US$412 million), a year-on-year increase of 107.69%. (E-commerce News)

　　9. Blue cursor launches the "wonderful pen" of the manuscript-climbing robot

　　Last week, Blue Cursor released the intelligent marketing product matrix - Xiaolan Robot Family. As the first intelligent automated human-computer interaction product family in the marketing industry, "Xiaolan Robot will be open to the public and iteratively update through applications to promote the rapid development of the industry." Zhao Wenquan, chairman and CEO of Blue Cursor, said at the press conference.

　　"Miaobi", a writing robot launched by Blue Cursor, has mastered the skills of simulating a large number of manual adaptations of news articles by learning tens of millions of articles, and can adapt thousands of articles suitable for different media platforms such as Weibo, WeChat, headlines, and news websites in 1 second to solve the pain points of marketers' efficient communication of brand demands. (Europe)

　　Cross-border e-commerce

　　10. To fight Amazon, India approves Walmart’s $16 billion acquisition of Flipkart

　　Beijing time, August 8, according to Reuters, India's antitrust regulator on Wednesday approved US retail giant Walmart to acquire Indian e-commerce company Flipkart for $16 billion to cope with Amazon's rapid expansion in the Indian market.

　　Walmart announced in May that it would acquire 77% of Flipkart's shares for about $16 billion, the largest deal in India's e-commerce sector, with Morgan Stanley estimating that the size of India's e-commerce market will increase by $200 billion per year within a decade. (Titanium Media)

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