#Laogao E-commerce Newsletter# [E-commerce Evening News on August 17]

　　#Laogao E-commerce News# [E-commerce Evening News Brief on August 17] Alibaba and Ant Financial will make these big moves in Shanghai; JD.com launches an open blockchain platform; Alipay will start operating in Pakistan at the end of 2018; Lianlian cross-border payment eBay is coming; China's smart speaker market is growing rapidly, Alibaba and Xiaomi promote promotions to grab the market...

　　E-commerce newsletter:

　　1. Alibaba and Ant Financial need to make these big moves in Shanghai

　　On August 16, Shanghai reached a strategic cooperation agreement with Alibaba and Ant Financial. Shanghai Municipal Party Secretary Li Qiang met with Alibaba Group Chairman Jack Ma and his party, and Shanghai Mayor Ying Yong and Jack Ma witnessed the signing ceremony together. It is reported that Alibaba and Ant Financial have carried out high-standard strategic cooperation with Shanghai, including promoting Shanghai's "Shanghai Shopping" brand with new retail, jointly creating an "never ended" international import expo, using digital power to help the construction of Shanghai's international financial center and the upgrading of smart city construction, and promoting the integrated and coordinated development of the Yangtze River Delta. (Tianxia Online Business)

　　2. E-commerce sales increase by 40%, Walmart and Amazon compete with each other

　　Quarterly sales growth hit record yesterday, Walmart released its financial report for the second quarter of this year, and the company's stock price rose by more than 10%. It can regain confidence among investors, and it seems that Walmart has performed well. Let's look at the specific figures ↓↓ Total revenue grew by 3.8%, reaching US$128 billion. Net sales increased by 4.2% to $127.1 billion. Walmart's comparable sales rose 4.5%. E-commerce sales increased by 40%. The growth in comparable sales broke Walmart's quarterly growth record for more than a decade, mainly due to growth in groceries, clothing, seasonal goods and e-commerce sales. Reuters said the surge in grocery and e-commerce sales showed that Walmart could compete with Amazon. (Yien.com)

　　3. The "Double 11" trademark dispute has started again. JD Administrative Litigation Commission of the State Administration for Industry and Commerce

　　On August 16, it was learned that Beijing Jingdong Sanbai Lushidu E-Commerce Co., Ltd. (hereinafter referred to as "JD") filed an administrative lawsuit with the Beijing Intellectual Property Court because it was dissatisfied with the trademark invalidity ruling made by the Trademark Review and Adjudication Committee of the State Administration for Industry and Commerce (hereinafter referred to as "Commercial Review Committee"). This series of cases is under further trial and there is no clear result yet. Trademarks are just a microcosm of the competition between the two parties. There are games between the two parties in many dimensions such as brand investment, warehousing and logistics, after-sales service, and financial payment. According to the information released by the Intellectual Property Beijing WeChat official account, JD.com was dissatisfied with the ruling that the five "Double Eleven" series of trademarks were invalid in e-commerce and other service projects made by the Trade and Evaluation Committee, and sued the Trade and Evaluation Committee in court. The court notified Alibaba Group Holdings Co., Ltd. (hereinafter referred to as "Ali") as a third party to participate in the lawsuit in accordance with the law. JD.com said it would not comment on this matter, and Alibaba said it has not responded yet. (Lianshang.com)

　　4. JD.com launches open blockchain platform

　　According to China Financial Investment Network, JD today announced that it is launching the JD blockchain open platform to help enterprise customers build, host and use their own blockchain applications for operations management. (Titanium Media)

　　Internet Information

　　5. The 58 Speed ​​Transport brand may be upgraded to "Quick Dog Taxi"

　　According to people familiar with the matter, the 58 Speed ​​Transport brand has been upgraded to "Quick Dog Taxi". At present, the 58 Speed ​​Transport WeChat public service account has been renamed "Quick Dog Taxi Service Account". Regarding the reason for the name change, 58 Express said that after 58 Express received US$250 million in financing in July, in order to separate from 58 Company, the brand needs to be upgraded. (E-commerce News)

　　6. Alipay will start operating in Pakistan by the end of 2018

　　On August 17, Irfan, head of Pakistan's telecom operator Telenor, said that Alipay will start operating in Pakistan by the end of this year. According to reports, Ant Financial is currently applying for a license certificate for financial services from the Pakistani Central Bank and the Competition Commission. Currently, Pakistan has 58 million network users, including 56 million 3G and 4G network users, and Pakistan's e-commerce market is constantly expanding. (E-commerce News)

　　7. China's smart speaker market is growing rapidly. Alibaba and Xiaomi's promotions are scrambling the market

　　According to August 17, in the second quarter of 2018, China contributed 52% to the global growth of smart speakers, while the United States only reached 16%. Canalys research analyst Hathy pointed out, “China’s smart speaker market has quickly become a battlefield where only big brands can enter, and small brands are difficult to catch up in terms of market share. Alibaba and Xiaomi both rely on sharp price cuts to create demand. Both companies have strong financial support, which can be used for marketing and hardware subsidies to quickly build user groups.” (E-commerce News)

　　8. The reorganization framework of Semir Clothing subsidiary Shanghai Yisen

　　On August 17, Zhejiang Semi-Ma Clothing issued an announcement yesterday stating that the company and Shanghai Semi-Ma Clothing plans to sign the "Shanghai Yisen Clothing Co., Ltd. Restructuring Framework Agreement" with Mr. Jiang Shaoyong, Shanghai Heda Clothing Co., Ltd. and four other core managers. The announcement shows that Shanghai Semir plans to transfer 26% of Shanghai Yisen's equity to Shanghai Heda (the unpaid capital part); the other four core managers transfer all of Shanghai Yisen's shares to Mr. Jiang Shaoyong and Shanghai Heda (Shanghai Heda is an enterprise that is actually controlled by Mr. Jiang Shaoyong). (Yibang Power)

　　Cross-border e-commerce

　　9. Lianlian Cross-border Payment eBay Payment is here

　　On August 17, Yibang Dynamic learned that Lianlian cross-border payment is launched on the eBay platform. Starting today, eBay sellers can collect payment services through Lianlian cross-border payment eBay payment. According to official news from Lianlian Payment, this collection service can realize RMB collection and the withdrawal fee rate is subject to a ladder reduction policy, with a cap of 0.7%, and the payment will be reached as fast as 67 seconds. According to Yibang Dynamics, since 2017, Lianlian has launched a cross-border payment collection service, aiming to solve the pain points such as long cross-border payment collection fund links and high collection costs in the cross-border payment collection field, and help cross-border e-commerce sellers recover their accounts safely and efficiently. Currently, it has served more than 300,000 cross-border e-commerce sellers. In just half a year in 2018, the transaction volume of cross-border payment exceeded 20 billion yuan, and the transaction scale is in the first echelon in China. (Yibang Power News)

　　10. Facebook and Mapbox collaborate with maps to stick users together

　　According to reports on August 17, Facebook has reportedly reached a cooperation with the global geolocation data platform Mapbox to add rich social information to its applications and improve user experience. Similar to Snap Map, it improves the connection method of friends from text, pictures and videos to high viscosity connections combining geographic location data from online to offline, helping millions of users seek advice and improve ways to gather with friends. (E-commerce News)

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