#Laogao E-commerce Newsletter# [E-commerce Morning News on August 30]

　　#Laogao E-commerce Newsletter# [E-commerce Morning News on August 30] Cainiao builds an AI customs broker to improve product processing efficiency; 2018 China's top 500 private enterprises announced that Suning ranked second again; Douyin responded to the video of Danxia landform: it has been removed from the shelves, and relevant accounts have been permanently banned; Guangzhou Municipal Transportation Department: operated in disguise in the name of Didi Hi-Car, and will be fined 30,000 to 100,000 yuan; Google plans to join forces with Alibaba and Amazon to compete for the Indian market...

　　E-commerce newsletter:

　　1. Cainiao creates an AI customs declaration officer to improve product processing efficiency

　　On August 29, Cainiao launched an AI customs declaration officer. Customs declaration officers only need to compare the product, check the customs declaration classification details provided by AI, click to confirm, and complete the customs declaration classification process in just 5 seconds. AI customs declaration officers pre-classify customs declaration through product images and product information. The engineers of rookie start with a 30% accuracy rate and constantly train the classification and customs declaration success rate of AI through algorithms. Now, the accuracy rate of AI classification and customs declaration has reached more than 98%. (E-commerce News)

　　2. Wumart fully acquires Lotte Mart

　　On August 30, the Lotte Mart store, which had been "inactive" for a long time, suddenly resurrected. Wumart's own brand products were quietly launched in the store, and the cash register systems of some stores have also been changed to Wumart system. In response, Wumart said that 21 stores in Lotte Mart North China have been incorporated into the Wumart system and are gradually upgrading and renovation. The renovation work is expected to be completed within this year. This is also the first time that Wumart has made a positive response to the acquisition of Lotte Mart. (E-commerce News)

　　3. China's top 500 private enterprises announced in 2018 that Suning ranked second

　　The 2018 Top 500 Private Enterprises in China released by the All-China Federation of Industry and Commerce shows that Suning.com once again ranks second. Among the top 100 private enterprise service industry list in 2018 released at the same time, Suning ranked first. According to reports, the top 500 private enterprises in China are generated based on the survey of top-scale private enterprises and are arranged in descending order of operating income. It has been released for 9 consecutive years since 2010. In these nine years, Suning has been selected for a row, with revenue rising from 117 billion to 557.9 billion this year. (Lianshang.com)

　　Internet information:

　　4. TikTok responds to videos of stepping on Danxia: It has been removed from the shelves, and the relevant accounts are permanently banned

　　A Douyin user posted a video that four young men and women broke into the special protection area of ​​Danxia National Park, Zhangye, Gansu to "turn the ground and stir up the soil", and wantonly destroy Danxia colorful hills. Two parties involved in destroying the Danxia landform in Zhangye surrendered themselves to the Linze County Public Security Bureau. The Zhangye Municipal Tourism Commission later announced that the person involved has been controlled and may be permanently placed on the blacklist. Douyin stated that it has removed the relevant videos and permanently banned the relevant accounts. (Lanzhou Morning Post)

　　5. Harrow Bicycle CFO: China's shared bicycle competition still has a lot of room

　　On August 30, during the Morgan Stanley Technology, Media and Telecom Conference held in Beijing, Harrow Bike CFO Chen Xiaodong said, "We are talking about high frequency and very strong demand." "We have only two competitors in China, and we see that there is a lot of room for us to provide better services and improve efficiency." Chen Xiaodong said that Harrow Bike chose small cities because its competitive strength is not as good as its competitors, and small cities have weak competition, while ofo and Mobike are mainly concentrated in first-tier cities. (E-commerce News)

　　6. Guangzhou Municipal Transportation Department: Operating in disguise under the name of Didi Hitchhiking will be fined 30,000 to 100,000 yuan.

　　On the evening of August 29, the Guangzhou Municipal Transportation Department reported on the rectification of the city's online car-hailing market and stated that the online car-hailing platform's behavior of not cooperating with the investigation will be filed on the grounds of "not cooperating with the taxi administrative department to retrieve and review relevant data and information". The online car-hailing platform that fails to perform the penalty decision will be applied to the court for compulsory execution in accordance with the law. During the period when Didi Hitch was removed from the shelves, it would engage in passenger transport in disguise in the name of Didi Hitch and would impose a fine of between 30,000 and 100,000 yuan in accordance with the law for illegal operations.

　　7. Damai.com and Shanghai Grand Theater cooperate to create smart venues, involving paperless electronic tickets, etc.

　　On August 30, Damai.com and Shanghai Grand Theater jointly announced yesterday that it will reach strategic cooperation in the fields of theater informationization such as theater operation and management, smart venue construction, and cross-border marketing to create smart venues. According to the cooperation agreement, in the next three years, Damai.com and Shanghai Grand Theater will jointly create the first "smart theater experience hall" in China, and creative venue operation methods such as electronic ticket paperless, intelligent AI services, and data services will be the first to be tested and implemented in the Shanghai Grand Theater. (E-commerce News)

　　8. Chen Weixing, the founder of Kuaidi, returns to online car-hailing and uses blockchain to solve security problems

　　On August 30, according to the South China Morning Post, Chen Weixing, the founder of Kuaidi Taxi, returned to the online car-hailing market with a blockchain-based application VV Go. He hopes that the app will optimize passenger safety while increasing driver revenue. Chen Weixing said that the blockchain-based online ride-hailing platform can share information about all drivers and passengers in a timely and transparent manner. If a passenger makes an emergency call, the shared network means other drivers and police can respond quickly. (E-commerce News)

　　Cross-border e-commerce

　　9. Amazon responds to MP accusations: misleading for political purposes

　　In response to the allegations made by U.S. Senator Bernie Sanders, Amazon responded today that the statement was inaccurate and misleading. "We have been in regular contact with the Sanders office and have provided opportunities for Sanders and his team to visit one of our logistics centers on several occasions. But so far, he has not been to the logistics center in person." (Sina)

　　10. Google plans to join forces with Alibaba and Amazon to compete for the Indian market

　　On August 30, Google plans to cooperate with Alibaba, hoping to form a consortium with its Paytm Mall, and will invest 35 billion to 40 billion rupees to acquire 7% to 10% of the shares of India's major retail company Future Retail.

　　In addition, Amazon also showed interest in Future Retail, which just submitted a list of investment terms to Future Retail not long ago, which will also lead to Google's direct competition with Amazon. (E-commerce News)

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