#Laogao E-commerce Newsletter# [E-commerce Morning News on August 23]

　　#Laogao E-commerce Newsletter# [E-commerce Morning News on August 23] Pinduoduo: 1,128 stores have been closed and nearly 4.3 million products have been removed from the shelves; Taobao and Tmall will also protect originals; Suning: Starting today, the new process of merchant brands will begin to upgrade; the China Consumers Association held a symposium on "Strengthening Social Common Responsibility to Fight against Internet False and Scratch"; Xiaomi announced its first financial report after its listing...

　　E-commerce newsletter:

　　1. Pinduoduo: Nearly 4.3 million items have been removed from the shelves of 1,128 stores

　　On the evening of August 22, Pinduoduo issued an open letter of phased explanation of the "Twins Action". The instructions show that from August 2 to August 9, Pinduoduo forced closure of 1,128 stores, nearly 4.3 million products were removed from the shelves, and more than 450,000 suspected counterfeit products were intercepted.

　　The letter pointed out that in accordance with the requirements of the State Administration for Market Regulation, under the full guidance of the Shanghai Municipal Administration for Industry and Commerce and the Changning District Market Supervision Administration and other regulatory departments, Pinduoduo verified and handled the products suspected of infringement in public opinion reports. For TV products suspected of "censoring famous brands" and other suspected counterfeit and infringing products reported by the media, the applications for "censoring famous brands" TV merchants and other areas mentioned in the media are not accepted. (Yibang Power)

　　2. Taobao and Tmall also need to protect original works

　　On August 21, Alibaba's "first-launch creative protection plan" was officially launched, with the purpose of providing an original protection platform for original design merchants on platforms such as Taobao and Tmall. It is reported that merchants who join this "first-off creative protection plan" can obtain an electronic certificate provided by a third-party evidence storage agency as long as they upload product manuscripts or all-round product pictures to the original protection platform as soon as possible. In this way, when the merchant first publishes products on Taobao or Tmall, Alibaba will complete the filing of the original products through big data and related algorithms. (Huxiu.com)

　　3. Tmall will join forces with several companies to establish automobile aftermarket companies

　　On August 23, Tmall announced yesterday that Tmall Automobile joined hands with the leading automotive maintenance platform Auto Superman and the leading auto parts supply chain service provider Kangzhong Auto Parts to establish a new automotive aftermarket company. According to the agreement, the newly established company will receive Alibaba's cash injection, merge Auto Superman Supply Chain Company and Kangzhong Auto Parts, and at the same time exclusively operate Tmall and Taobao aftermarket businesses (except automotive supplies). Alibaba is the largest shareholder of the new company, Auto Superman is the second largest shareholder, Shang Baoguo, the former founder and president of Kangzhong, served as the first CEO, and Cai Yongzhi, the head of Tmall Auto aftermarket, served as the COO. (E-commerce News)

　　4. Suning: Starting today, the new process of adding merchant brands will begin to be upgraded

　　On August 22, Ning recently issued a notice on the process of adding merchant brands, and plans to upgrade and optimize the background system of the process of adding merchant brands from August 23. The announcement stated that the new brands are divided into domestic registration and not domestic registration. Select domestic registration - enter the trademark registration certificate number. If there is already a brand in the brand library, the system will bring out the relevant information and the merchants need to fill it in manually. The brand library returns the relevant data and the brand process can be completed, which shortens the time limit for the newly added review. (Yibang Power)

　　5. China Consumers Association: Low prices do not equal counterfeit and inferior quality. Safety and quality are the bottom line requirements of online transactions.

　　On August 22, according to the official website of the China Consumers Association, in response to the current prominent problems of counterfeit and shoddy behavior in the e-commerce field, the China Consumers Association organized a special symposium on "Strengthening Social Common Responsibility to Fight Online False and Shamelessness" in Beijing, pointing out that low-price marketing cannot break through the two bottom lines of ensuring product quality and safety and refusal to sell counterfeits.

　　Internet information:

　　6. Baidu obtains a fund sales license

　　According to a recent announcement by the China Securities Regulatory Commission’s Beijing Regulatory Bureau, the qualification for the “Baidu Baiying” securities investment fund sales business has been approved. The company was established on August 8, 2016 with a registered capital of 20 million yuan. The legal representative is Zhang Xuyang, and it is a 100% controlled subsidiary of Baidu. This means that more fund products will be included in Du Xiaoman Finance, an independent financial subsidiary that has just been split this year. A relevant person in charge of Du Xiaoman Finance said that after obtaining a fund sales license, we will work with financial institutions to better carry out fund sales business. (E-commerce News)

　　7. Two-dimensional Huo sues Meituan for compensation of 102 million yuan

　　On August 23, catering management system developer Erweihuo recently formally sued Meituan's operator Beijing Sankuai Technology Co., Ltd. on the grounds that Meituan stole Erweihuo and its business data and suspected of unfair competition, claiming 102 million yuan. Hangzhou Dihuo Technology Co., Ltd., the operating entity of Two-dimensional Fire, said in the indictment that the defendant was suspected of infringing on his business secrets, maliciously intruding into and monitoring the Two-dimensional Fire cashier system to read the cashier information of relevant merchants and rob payment flows, involving an amount of RMB 230 million. It violates the recognized business ethics of honest business operations, destroys the competitive order of the catering service industry, and is unfair competition.

　　Two-dimensional Fire also stated that since Meituan’s above-mentioned infringement covers many cities across the country, it is possible to choose other representative cities to continue to use civil and criminal means to protect their rights and interests in the next step. Meituan said it would not comment on this. (E-commerce News)

　　8. Baidu Xietian: Baidu Xiongzhang will become the "domain name" in the mobile era

　　On August 21, the Beijing Station of Baidu Xiongzhanghao Public Class was successfully held. Xie Tian, ​​the head of Baidu Search Ecology, attended the meeting and delivered a keynote speech entitled "The Great Changes in the Full Process of Baidu Search", thereby outlining the new era that Baidu Search Ecology is about to usher in. The button that triggered this major change is Baidu's strategic product - Xiongzhanghao, launched in November 2017. (China.com)

　　9. Xiaomi announced its first financial report after its listing

　　According to August 22, Xiaomi Group announced its interim performance report for the six months ended June 30, 2018 after its listing today. The financial report shows that in the second quarter of 2018, Xiaomi Group's revenue in 2018 was 45.23 billion yuan, a year-on-year increase of 68.3%, and adjusted profit was 2.12 billion yuan, a year-on-year increase of 25.1%. (E-commerce News)

　　Cross-border e-commerce

　　10. Report: Australians have the highest shopping cart abandonment rate in the world

　　Australians have higher cart abandonment rates compared to Europe and North America, according to a new report by SAP (German Software Company). SAP's Consumer Propensity Study surveyed 20,000 consumers in 24 markets around the world (including 1,000 consumers in Australia) and found that 57% of Australian respondents sometimes or always give up shopping carts, while European respondents and North American respondents gave up shopping carts at 41% and 47% respectively.

　　Cart abandonment rates vary by product category, with 67% of Australian respondents saying they sometimes or always give up shopping carts when buying fashionable items, while 65% said they give up shopping carts when buying furniture. (Hugo.com)

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