#Laogao E-commerce Newsletter# [September 3 E-commerce Morning News]

　　#Laogao E-commerce Newsletter# [E-commerce Morning News on September 3] The "E-commerce Law" was officially released and will come into effect on January 1, 2019; Didi staff went to the funeral home to express condolences but were rejected; Alibaba's employee's wife: the lawsuit has been filed by the court, and the trial will be held on September 27; Foreign media: Meituan plans to raise up to US$4.5 billion in Hong Kong IPO; Wahaha tests the waters of social retail, causing trouble, and encountered agents' rights protection...

　　E-commerce newsletter:

　　1. The "E-Commerce Law" is officially released and will come into effect on January 1, 2019

　　Recently, the fifth meeting of the Standing Committee of the 13th National People's Congress passed the "E-Commerce Law of the People's Republic of China" after voting. The law will come into effect on January 1, 2019. The E-Commerce Law has seven chapters and 89 articles, mainly providing corresponding provisions on the five parts of e-commerce operators, the conclusion and performance of e-commerce contracts, e-commerce dispute resolution, e-commerce promotion and legal liability. (Leifeng.com)

　　2. The wife of Alibaba’s employee who died of illness: The lawsuit filed by Ziroom has been filed by the court and the court will be held on September 27

　　Mr. Wang, who had just joined Alibaba, rented a house with Ziru for more than two months, was diagnosed with acute myeloid leukemia and died at Beijing Chaoyang Hospital affiliated to Capital Medical University. After death, Mr. Wang's wife Yingzi (pseudonym) came to Ziru Apartment in Hangzhou during her husband's death and entrusted a professional air testing agency to test it, and the results showed that formaldehyde exceeded the standard. Yingzi has filed a lawsuit against Ziru in court, and the Binjiang District Court of Hangzhou has filed a case and will be heard on September 27. (Pengpai News)

　　3. China Mobile and JD New Tonglu reach cooperation on JD Convenience Store Project

　　Recently, China Mobile and JD Xintonglu reached a cooperation on the JD convenience store project, and the two parties will work together to carry out a series of cooperation based on community scenarios. It is understood that after the cooperation between the two parties, China Mobile's number card, package, traffic, broadband and other product processing capabilities will be integrated into the full offline JD convenience store and the community retail store supplied by JD Zhangguibao APP. At the same time, China Mobile will launch exclusive products and exclusive customer rights of JD convenience store customers, and both parties will jointly carry out publicity and marketing activities. TechWeb)

　　4. Alibaba is close to establishing an e-commerce joint venture with Russian Internet companies and other companies

　　According to the Financial Times report on September 3, Beijing time, Alibaba Group is in "in-depth negotiations" with Russian partners on establishing an e-commerce joint venture. This move comes at the time when China's vision for the "Digital Silk Road" is taking shape in the Eurasian continent.

　　According to Russian officials and other people involved in the deal, Alibaba is close to agreeing to establish a partnership with Russian Internet company Mail.ru and Russian sovereign wealth fund Russian Direct Investment Fund (RDIF). RDIF's participation shows that the planned joint venture has received support from the Russian government. (Titanium Media)

　　5. Wahaha tests the waters of social retail and causes trouble, encounters agents protecting their rights

　　Recently, Hangzhou Wahaha Group Co., Ltd. has tried the social retail model, and the launch of the Tianyan Crystal Eye product was exposed that its agents are launching rights protection. It is understood that Tianyan Crystal Eye is a product launched by Wahaha Group in April this year. Zhejiang Zhongnan Holding Group Co., Ltd. is responsible for marketing and promotion, and the operator is Hangzhou Zhongnan Tianyan Technology Development Co., Ltd. (China Business Network)

　　Internet information:

　　6. Didi staff went to the funeral home to express condolences and refused

　　On August 24, a girl from Wenzhou, Zhao, was killed while taking a Didi hitchhiking. Didi issued an apology statement, resigning from two senior executives and suspending its hitchhiking business. On September 1, Zhao's relatives were preparing for a funeral ceremony for him locally. Two Didi staff came to the scene to give gifts, but the relatives refused. (Sina)

　　7. Foreign media: Meituan plans to raise up to US$4.5 billion in Hong Kong IPO

　　According to foreign media reports, according to people familiar with the matter, Chinese food delivery giant Meituan Dianping plans to hold an initial public offering (IPO) in Hong Kong, raising up to US$4.5 billion.

　　The above-mentioned person familiar with the matter said that Meituan Dianping plans to sell its shares at a price of HK$60 (US$7.64) to HK$72 per share. In addition, the issuance attracted five cornerstone investors, including Tencent, with a total investment of US$1.5 billion. (Tencent Technology)

　　8. Gree Electric fulfills its dividend promise: plans to pay 6 for 10 yuan, and Dong Mingzhu will receive 26 million yuan in personal share

　　On the evening of August 30, Gree Electric Appliances released its 2018 semi-annual report. According to the financial report, Gree Electric has fulfilled its commitment to dividends to investors as promised, intending to pay a cash dividend of 6 yuan (including tax) to all shareholders for every 10 shares based on 6.02 billion shares, with a total of 3.61 billion yuan. Based on the calculation that Dong Mingzhu holds 44.4885 million shares, Dong Mingzhu will receive 26.6931 million yuan this time. (Daily Economic News)

　　September, the number of online lending platforms fell below 1,600 in August, and the yield hit a new high in the past year.

　　Affected by industry sentiment and uncertain regulatory policies, the number of online lending platforms continued to decline in July in August. Data from the "P2P Online Lending Industry August 2018 Monthly Report" released by Online Lending Home shows that as of the end of August 2018, the number of normal operating platforms in the online lending industry was 1,595, a decrease of 50 compared with the end of July; the comprehensive yield of the P2P online lending industry was 10.02%, a slight increase of 26 basis points month-on-month, setting a new high in the past year. (Securities Times)

　　Cross-border e-commerce

　　10. Open China's first online store Buchelati to enter TOPLIFE

　　On September 1, JD.com recently announced a cooperation with the world's high-end jewelry brand Buccellati, Italy. The Buccellati brand has settled in TOPLIFE, a luxury e-commerce platform under JD.com, and opened the Buccellati official flagship store, which is also the exclusive online store established by the Buccellati brand in China so far.

　　It is understood that Buccellati is one of the most famous high-end jewelers in the world. It was founded in 1919 by Mario Buccellati, known as the "Prince of Goldsmiths". Up to now, Bucilati offline stores have spread all over the world, including Milan, Venice, Florence, Paris, London, Moscow, Dubai, New York, Beijing, Shanghai, Hong Kong, Tokyo, Seoul and other places. This time, Bucilati chose to conduct strategic cooperation with JD TOPLIFE, aiming to use the e-commerce platform JD to develop its online sales market. (E-commerce News)

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