#Laogao E-commerce Newsletter# [E-commerce Morning News on August 16]

　　#Laogao E-commerce Newsletter# [E-commerce Morning News on August 16] Toutiao is conducting valuation financing of US$75 billion; Taoxianda has opened 356 stores in 113 cities; Meituan will raise 31.2 billion in listing next week, raising information for the third place in Hong Kong stocks this year; Tencent has sold the rights and interests of Mobike and Ele.me; merchants such as KFC and CP Lotus will implement Alipay face-scanning payment technology...

　　E-commerce newsletter:

　　1. Merchants such as KFC and CP Lotus will implement Alipay face-scanning payment technology

　　At the "Ant Financial Open Day Guangzhou Station", Alipay announced that face-scanning payment has the ability to commercialize and will popularize solutions for self-service cashier + face-scanning payment to various business scenarios within the next year. "When piloting scenarios such as KFC and CP Lotus, self-service cashiers combined with face-scanning payments have greatly improved offline store operation efficiency and consumer experience." (Yibang Power Network)

　　2. Taoxianda has opened 356 stores in 113 cities

　　On August 15, Yibang Power learned that Taoxianda, which specializes in fresh food department stores, has opened 113 cities and has launched 356 stores. It is understood that these stores include the renovated RT-Mart store, Hema, Sanjiang Shopping Supermarket, Hexiaoma and some other traditional offline supermarkets. (Yibang Power Network)

　　3. JD.com reached a cooperation with luxury brand Ferragamo, which officially settled in JD.com to open a flagship store

　　On August 15, JD.com announced a cooperation with the well-known Italian luxury brand Ferragamo. Ferragamo Salvatore Ferragamo officially settled in JD.com and opened JD’s self-operated official flagship store. (TechWeb.com.cn)

　　4. Haidilao passed the Hong Kong Stock Exchange hearing today and launched an analyst road show tomorrow

　　According to the self-media "IPO Early Knows", Haidilao will pass the Hong Kong Stock Exchange hearing today and launch an analyst roadshow tomorrow. At present, Haidilao's institutions intend to place orders more than 10 times oversubscribe. Haidilao Chairman Zhang Yong decided not to use the "green shoe mechanism" for this IPO, which reflects the company and underwriters' great confidence in the performance of the future market; at the same time, Zhang Yong also formed a personal fund to protect the market and stabilize the future market.

　　Internet information:

　　5. Toutiao is conducting a valuation financing of US$75 billion, and well-known long-term funds such as Fidelity will participate in this round of financing

　　On August 16, according to the self-media "IPO Early Know" news, Toutiao is conducting private equity financing with a valuation of US$75 billion. The market feedback is enthusiastic. Well-known long-term funds such as Fidelity will participate in this round of financing. Unlike other new economy and Internet giants, Toutiao did not choose to advance and accelerate the IPO process, but instead raised a large amount of funds in the primary market. Such differentiated practices can put Toutiao in a special position in the industry competition. This round of financing will be delivered early next month. (E-commerce News)

　　6. Meituan's listing hearing next week raises 31.2 billion yuan, and raises information for Hong Kong stock third place this year

　　消息透露，美团点评计划下周进行上市聆讯，最快本月开始上市前推介，目标集资最少40亿美元（约312亿港元），较6月时传出的60亿美元（468亿港元）为低，美银美林、高盛及摩根士丹利为联席保荐人。按照上述集资额计，美团很可能成为今年港股集资额第三大的新股，仅次於中国铁塔及小米。（香港信报）

　　7. Wanda Tencent Gaopeng joins forces to invest 4.6 billion to establish a new company

　　Wanda Commercial Management Group, Tencent and Gaopeng jointly invested to establish Shanghai Bingsheng Technology Co., Ltd. The company was established in Jing'an District, Shanghai on June 8, 2018 with a registered capital of 4.6 billion yuan. Qi Jie, president of Wanda Commercial Management Group, serves as the chairman of the new company and is also the legal representative of the company. According to Pengpai News, in terms of shareholding, Wanda Commercial Management Group subscribed 2.346 billion yuan, 51% of the shares, Linzhi Tencent Technology Co., Ltd. subscribed 1.954 billion yuan, 42.48% of the shares, Hainan Gaodeng Technology Co., Ltd. subscribed 300 million yuan, with a shareholding ratio of 6.52%. The subscribed capital dates of the three parties are December 31, 2050. (Titanium Media)

　　8. Tencent has sold Mobike and Ele.me rights

　　On the evening of August 15, Tencent announced its unaudited second-quarter and interim results as of June 30, 2018. Tencent stated in its second-quarter financial report that the company has recently actively invested in game live broadcast services that can promote the development of game platform business and smart retail opportunities that can promote the development of payment and cloud service businesses. Some of the capital needs of the above investments are supported by withdrawing some existing investments, such as the recent sale of interests in investment companies Ele.me and Mobike. (E-commerce News)

　　9. ofo will fully withdraw from the Seattle market on August 31 and refund the user deposit within 45 days.

　　On August 16, KUSI NEWS, a local media media in San Diego, USA, reported two days ago that ofo will fully withdraw from the Seattle market on August 31 and refund the user deposit within 45 days. The bikes were bought by a recycling center in San Diego for $3 per vehicle. Earlier on July 30, the Seattle City Council passed a bill requiring shared bicycle companies to pay $250,000 in annual operating licenses, ofo said it would not renew the contract. (E-commerce News)

　　Cross-border e-commerce

　　10. Amazon spends a lot of money to expand Twitch content types to challenge YouTube's dominance

　　On August 16, according to Bloomberg, in order to increase the market share of online advertising, Amazon decided to actively expand the type of Twitch content and challenge YouTube. Amazon has been trying to sign exclusive live broadcast partnerships with dozens of media companies and celebrities in recent months, many of which have a large number of fans on YouTube. According to several people Twitch contacted, Twitch provides contracted contractors with a minimum income guarantee of millions of dollars per year, as well as a share of advertising and membership fees. (E-commerce News)

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