#Laogao E-commerce Newsletter# [E-commerce Morning News on September 6]

　　#Laogao E-commerce Newsletter# [E-commerce Morning News on September 6] Jack Ma: China's largest resource is the minds of 20 million new children every year; JD.com closed down more than 10% on Wednesday, and the company's market value shrank to US$37.3 billion; it is reported that Yunjiweidian is seeking an IPO in the United States and plans to raise US$1 billion; Cheng Wei: Didi will invest 140 million to improve its customer service team to abandon outsourcing; Hong Kong's first "unmanned store" opens...

　　E-commerce newsletter:

　　1. Jack Ma: China's biggest resource is the brains of 20 million new children every year

　　At the XIN Charity Conference Education Sub-forum held today, Jack Ma said, "China's biggest resource is the heads of 20 million newborn children every year, and the brain mines of 1.4 billion people are real gold mines." He believes that the total number of newborns in the world is 100 million or 200 million, and China accounts for at least 10%. How we develop the "brain mine" of Chinese children and what teaching methods to use to develop their IQ, EQ and Love Business is the biggest challenge we face today and the biggest opportunity. (36Kr)

　　2. JD.com announces the "full ecological chain strategy" and will upgrade from four aspects: cost and traffic.

　　On September 5, JD.com Group today disclosed the development roadmap of JD.com's fast-moving consumer goods business group - the "full ecological chain strategy", which will be upgraded from four aspects: cost, efficiency, traffic and experience. Wang Xiaosong, senior vice president of JD Group and president of JD Mall’s fast-moving consumer goods business group, said: "We hope that in the future, JD.com will become a retail infrastructure provider in the fast-moving consumer goods industry. Through the measures I mentioned, we will empower brands and let our partners become NO.1 of their respective industries in the era of boundless retail." (36Kr)

　　3. Nelson: JD Supermarket accounts for more than 50% of the online market share of fast-moving consumer goods such as infant formula.

　　According to the report "New Trends in Quality Life" released by market research company Nelson, the online market market of China's B2C fast-moving consumer goods, JD Supermarket accounts for more than 50% of the market share in infant milk powder, domestic liquid milk, peanut oil, men's facial skin care and other categories. Feng Yi, vice president of JD Group and president of consumer goods division, also said that JD Supermarket continues to lead the lead in online supermarkets. (36Kr)

　　4. It is reported that Yunji Weidian is seeking an IPO in the United States and plans to raise $1 billion

　　According to Reuters, social e-commerce platform Yunji Weidian has hired an investment bank for its initial public offering, and plans to be listed in the United States early next year. Yunji has commissioned Morgan Stanley, Credit Suisse and JPMorgan Chase to lead listing on the Nasdaq Stock Exchange and hopes to obtain a valuation of $7 billion to $10 billion through its IPO, the source said. Sources said the company plans to raise about $1 billion in its IPO. The company broke even in 2017 and is expected to achieve profitability in 2018. (Reuters)

　　5. JD.com closed down more than 10% on Wednesday, and its market value shrank to US$37.3 billion

　　In the past two trading days, JD.com has fallen by about 16%, its market value has evaporated by more than US$7.2 billion, and Liu Qiangdong's net worth has shrunk by US$1.121 billion, or approximately RMB 7.65 billion. (Titanium Media)

　　Internet information:

　　6. Cheng Wei: Didi will invest 140 million to improve the customer service team to abandon outsourcing

　　Regarding the recent joint entry of multiple departments to Didi to carry out special safety inspections, Didi Chuxing expressed that it is very grateful to the inspection team for entering Didi. Didi will actively and conscientiously cooperate with the inspection team's work, thoroughly rectify the problems found during the inspection, promote the compliance process as soon as possible, effectively strengthen the construction of customer service safety capabilities, and comprehensively improve the level of travel safety guarantee. (NetEase Technology)

　　7. After booking the room, the user was taken to the garbage dump. Ctrip: The route was incorrect and the hotel has been removed from the line.

　　Recently, a user was taken to the garbage disposal site after booking a room online on Ctrip and was only replaced in the early morning when he was taken to another hotel. In response, Ctrip's official response said that this hotel in Taiyuan, Shanxi does exist, but the location is incorrect and it has been removed from the line. (Legal Evening News)

　　8. Hong Kong's first Alipay "unmanned store" opens

　　On September 5, the first unmanned retail store of AlipayHK (Alipay Hong Kong version) opened in Hong Kong on the 5th. AlipayHK is operated by APSHK, a joint venture established by Cheung Kong Group and Ant Financial. It is reported that more than 25,000 retail merchants in Hong Kong have supported AlipayHK payments, including convenience stores, pharmacies, supermarkets, etc. AlipayHK has more than 1.5 million Hong Kong users. (Titanium Media)

　　9. Lianjia refutes the rumors that "planned financing of about $2 billion"

　　On September 6, the Wall Street Journal recently quoted people familiar with the matter as saying that the real estate O2O trading platform Lianjia plans to raise about US$2 billion. Tencent, Warburg Pincus and others may participate in the investment, and their valuation may reach US$13 billion after this financing. In response to this, Lianjia said: "This is fake news, please do not spread false information." Public information shows that Lianjia was established in 2001 and is a data-driven full-value chain real estate service platform. (E-commerce News)

　　Cross-border e-commerce

　　10. Ralph Lauren launches online flagship stores and social e-commerce in China

　　American fashion brand Ralph Lauren announced the unveiling of China's first official online flagship store today. The online flagship store covers two luxury brands: the Purple Label series for men and the Collection series for women. In addition, the online flagship store will also provide high-quality enjoyment to Chinese high-end and mobile-first consumers, including the integration strategy with China's number one social platform, WeChat. (PR Newswire)

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