#Laogao E-commerce Newsletter# [E-commerce Morning News on August 20]

　　#Laogao E-commerce Newsletter# [E-commerce Morning News on August 20] Jack Ma: Blockchain technology will be used to crack down on counterfeit products; Pinduoduo's class action lawsuit in the United States was accepted by the court and was accused of the government's investigation of the counterfeit door; CCTV exposed Qunar.com: Qunar's promise was Qunar; 58 Speed ​​Transport changed its name to Kuaigou Taxi driver was dissatisfied with the collective dignity; Meituan Dianping was officially launched on September 20, with a price range of 40 billion to 60 billion US dollars...

　　E-commerce newsletter:

　　1. Jack Ma: Blockchain technology will be used to combat counterfeit and shoddy products

　　8月19日，马云在中国企业家俱乐部演讲现场表示，伪劣产品让中国深受其害。若中国没有对知识产权采取坚决的保护态度，创新就不可能提升，因此，企业将力图与政府一道来解决假冒伪劣产品问题。作为未来发展的关键性技术，区块链不仅仅将改变未来20-30年的金融体系，也可以用于其他很多行业，“这是一项有关信任的技术”。（腾讯）

　　2. Alibaba Health invested 826 million yuan again to increase capital in physical pharmacies

　　After investing in Shuyu Pingmin Pharmacy Chain Co., Ltd. for 454 million yuan in June this year, Alibaba Health once again invested in a physical pharmacy. Recently, Alibaba Health said it plans to acquire 14.54% of the equity of Guizhou Yishu Chain Pharmaceutical Co., Ltd. for RMB 422 million. After the proposed acquisition and the proposed subscription, Alibaba will also increase its capital of RMB 404 million to Guizhou Yishu and hold a total of 25% of Guizhou Yishu's equity. (Beijing Business Daily)

　　3. Pinduoduo's class action lawsuit was accepted by the court and was accused of the government's investigation of the copycat.

　　On August 19, a California court recently accepted a class action lawsuit against Pinduoduo on behalf of investors by the American law firm Rosen Law Firm. Pinduoduo did not comment on this.

　　On August 1, six American law firms issued statements saying that the stock price plummeted due to the Chinese government's investigation into the sale of infringing products on the Pinduoduo platform, causing investors to suffer economic losses. (E-commerce News)

　　4. Xinfei may resume production at the end of this month

　　On August 20, after being acquired by Konka for 455 million yuan, the new core management of Xinfei has been fully in place and entered the working state. It is working hard to form a grassroots team to ensure the smooth transition of Xinfei's business and ensure the resumption of production at the end of the month.

　　People familiar with the matter said that Xinfei, which has been newly included in the Konka system, is currently the unified external title of "Xinfei Refrigeration", and the company logo is no longer the original blue eagle but the colored pigeons. The newly formed Xinfei Refrigeration Core Management Team mainly comes from Konka, and there are also old Xinfei people. (E-commerce News)

　　Internet information:

　　5. 58 Speed ​​Transport changed its name to Kuaigou Taxi Driver is dissatisfied with collective dignity

　　Recently, 58 Speed ​​Transport, a short-distance freight platform under 58Daojia, has been renamed "Quick Dog Taxi", and 58 Speed ​​Transport's WeChat official account has also been renamed "Quick Dog Taxi Service Account". The official requires transport vehicles to change the sticker as "Quick Dog Taxi". But drivers think that the new name is a pun, and self-introduction when pulling the live becomes a swearing. Some drivers said that they should enjoy basic dignity. Some customers said when placing an order, "Come and bring me goods!" The drivers collectively went to the company to ask for an explanation. Finally, the Zhengzhou Branch of 58 Express said that the car stickers would not be replaced forcibly before the documents were issued on August 20. (Beijing Morning Post)

　　6. CCTV exposed Qunar.com: Qunar's promise to go where

　　On August 19, CCTV's "Weekly Quality Report" program today revealed Qunar.com's "fraud". Nowadays, consumers will book hotels in advance and deliver deposits before traveling. Mr. Zhang from Chongqing booked a hotel in advance on Qunar.com and delivered the full room fee. The order cannot be cancelled.

　　However, when Mr. Zhang came to the hotel, he not only could not check in smoothly, but also asked to check out for one day and was cancelled for one day's check-in order. Many WeChat messages complained that Qunar.com could not cancel the subscription and change the subscription, and the price was much more expensive than other apps. (E-commerce News)

　　7. LeTV believes that Jia Yueting owes 6.7 billion yuan and does not receive direct cash inflow

　　On August 17, LeTV issued a risk warning announcement stating that after continuous communication between listed companies and non-listed companies, the two parties have reached a confirmation of the debt scale of about 6.7 billion yuan, and the final data is subject to the agreement signed by both parties.

　　LeTV said that the current financial difficulties and historical debt pressures faced by the company have created huge obstacles to the business of listed companies, capital market credibility, brand establishment and recovery. The company's current management continues to urge non-listed affiliated companies to promote debt resolution, but the progress of this debt handling depends largely on the willingness and actual implementation of major shareholders. As of now, a comprehensive solution has not been formed. (Securities Daily)

　　8. On the eve of 5G construction, 11 small shareholders will clear their equity in China Unicom Group

　　According to an insider of China Unicom, China United Network Communications Group Co., Ltd. (hereinafter referred to as China Unicom Group) plans to initiate capital reduction matters, and 11 small shareholders of China Unicom Group will gradually reduce their holdings in China Unicom Group's relevant equity. The insider said that the withdrawal of the small shareholder of China Unicom's parent company has no contact with the A-share China Unicom mixed reform platform, and 11 small shareholders account for 1.56%, which accounts for a small proportion. (Daily Economic News)

　　9. Meituan Dianping officially went public on September 20, with a price range of US$40 billion to US$60 billion

　　Meituan Dianping will pass the Hong Kong Stock Exchange hearing this Thursday, launch PDIE (Pre-Deal Investor Education) on August 27, start global roadshows on September 3, complete IPO pricing on September 13, and officially go public on September 20. Currently, the price range given by international investors and long-term funds is US$40 billion to US$60 billion. The lead underwriters of this IPO are Goldman Sachs, Morgan Stanley and Bank of America Merrill Lynch, and Huaxing Capital serves as exclusive financial advisors. (IPO had known it before)

　　Cross-border e-commerce

　　10. Walmart completes a $16 billion investment in Flipkart in India

　　On August 19, according to Market Watch, Walmart announced today that it has completed a $16 billion investment in India's Flipkart Group, becoming the largest shareholder of the online retailer. Tencent Holdings and Tiger Global Management Fund are still members of the Flipkart board. Flipkart's existing management team will continue to lead the business. Walmart now holds about 77% of Flipkart shares.

　　"Walmart and Flipkart will work more than we each complete separately to create a strong local business driven by Walmart," said Judith McKenna, president and CEO of Walmart International.

　　“By providing customers with quality, affordable products, our investments will benefit India while creating new technical positions and opportunities for suppliers. As a company, we are transforming around the world to make our customers’ lives easier. India is one of the fastest growing and most attractive retail markets in the world and we are excited to learn from and work with Flipkart, which is growing in India.”

　　"We are ready to provide India with the full value of this partnership," said Binny Bansal, co-founder and group CEO of Flipkart.

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