#Laogao E-commerce Newsletter# [E-commerce Morning News on August 22]

　　#Laogao E-commerce Newsletter# [E-commerce Morning News on August 22] Alipay upgrade delayed payment and timely alarm can freeze transactions; JD.com Borderless Retail: It will not force the promotion and will not be an empire; Taobao Xinxuan Wenzhou Yintai's first store has opened three stores across the country; Ant Financial responded: There is no such thing as "listing delay"; WeChat: Urban services have supported 130 cities across the country to check medical insurance and social security...

　　E-commerce newsletter:

　　1. Alipay upgrade delayed arrival timely alarm can freeze transactions

　　On August 22, at the 2018 Cybersecurity Ecological Summit held recently, Rui Xiongwen, Vice President of Ant Financial Group, announced that Alipay's delayed payment has been upgraded to 2.0. If the user encounters fraud, as long as the delayed transfer has not yet arrived, the transaction can be frozen by calling the police in time. Once the police issue a stop payment order, the transfer can be returned as the same way.

　　It is understood that Alipay's risk control can also identify risks. If you judge that the transfer is risky, you will actively prompt that "you may be encountering telecommunications fraud" and advise users to cancel the transfer or delay the transfer. (E-commerce News)

　　2. JD.com Borderless Retail: It won’t force it to be an empire

　　On August 16, JD.com officially announced its second quarter results for the 2018 fiscal year, of which net income was RMB 122.3 billion (about US$18.5 billion), a year-on-year increase of 31.2%, and the net income in the quarter hit a new high; net service income was RMB 11.8 billion (about US$1.8 billion), a year-on-year increase of 51.0%; net profit attributable to JD.com's common shareholders fell from RMB 976.5 million in the same period last year to RMB 478.1 million. (Yibang Power News)

　　3. Taobao Xinxuan Wenzhou Yintai’s first store has opened three stores nationwide

　　On August 20, Taobao Xinxuan and Intime cooperated in Wenzhou to open the store in Choice Xixuan, an overseas direct and selected supermarket brand under Intime. This is the third store in Taobao Xinxuan in the country after Hangzhou Qinchengli Store and Shanghai RT-Mart Yangpu Store. According to reports, the store covers 580 square meters of area and its products cover kitchen utensils, bedding sets, cleaning supplies to suitcases, stationery, etc. (Yibang Power)

　　4. E-commerce has entered a vicious circle of homogeneity, and the online traffic dividend is gradually fading

　　Sun Yi, co-director of EY Greater China consumer goods retail industry, believes that the domestic online retail market has grown rapidly over the years and its transaction volume has remained the world's largest. However, just like other industries, it will inevitably transition to a mature development stage from "quantity" to "quality", and the industry's growth rate slows down and stabilizes, which is also one of the signs of entering this stage. At present, instead of discussing whether mainstream e-commerce companies need to seek new growth points, it is more meaningful to explore ways to identify transformations that suit the company's own characteristics. (21st Century Economics)

　　5. Ant Financial responded: There is no such thing as "postponement"

　　On August 21, Ant Financial's public relations director Peng Mei said today that Ant Financial has never set a listing schedule, and there is no such thing as postponement. "For Ant Financial, listing is a natural thing, but we have never set a timetable for listing, so there is no such thing as postponement. At present, all the rumors about Ant Financial's listing on the market are inconsistent with the facts." (E-commerce News)

　　Internet information:

　　6. Facebook begins to rate user credibility: speed up the judgment of fake news

　　According to the Washington Post, Facebook has gradually deployed its systems over the past year to evaluate users' credibility to help it better judge how valuable fake news reports submitted by users are. Facebook also confirmed that the company is indeed deploying such a system and believes it is an important tool for identifying false information. (Sina)

　　7. People's Daily: If "black intermediaries" cause trouble, supervision should be strengthened in accordance with the law

　　The People's Daily published an article saying that recently some "black intermediaries" have actually set their sights on the rental market and used them as a piece of "fat meat" to make profits from it through various illegal means and illegal means to disrupt the market and raise rents, seriously infringing on the interests of the people, and some behaviors have even touched the bottom line of the law. The housing rental market is related to people's livelihood security and social stability, so the rule of law cannot be absent. If there are any "black intermediaries" that cause trouble, relevant parties should strengthen supervision in accordance with the law. (Penguin)

　　8. WeChat: Urban services have supported medical insurance inspections in 130 cities across the country

　　WeChat City Services now supports social security (medical insurance) inquiry services in 130 cities across the country, including Guangzhou, Chengdu, Shenzhen, Changsha, etc., and can complete inquiries on WeChat for social security payment information, personal social security balance, medical consumption and other information. (WeChat)

　　Cross-border e-commerce

　　9. Amazon launches a new transparent plan to combat follow-up and counterfeit products

　　According to sellers on Amazon's platform, Amazon recently released a new project about combating the following and selling of pirated products: Transparency program, which is mainly used to combat counterfeit products in order to protect the interests of brands and buyers. This plan can eliminate malicious sales from the source. (Yibang Power Network)

　　10. AliExpress South Africa logistics line is suspended due to local strikes and other factors

　　According to news on August 21, AliExpress announced yesterday that it had received a notice from the target State Post that due to local strikes and other incidents, the recent online package shipments to South Africa have been interrupted to varying degrees. Therefore, the "AliExpress Worry-Free Logistics-Standard" line has suspended the receipt and delivery of live packages to South Africa. At the same time, the platform implements a protection policy for orders that have been initiated by buyers in disputes that have initiated "unreceived goods" - the time for manual handling of arbitration will be extended by 20 days from the original "limited time to reach the end time". The protection policy will be implemented from August 20, and ended orders will no longer extend the time for manual processing of arbitration. (Yibang Power Network)

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