Laogao E-commerce Newsletter# [E-commerce Morning News on September 7]

　　Laogao E-commerce Newsletter # [E-commerce Morning News on September 7] Alibaba has built a "future kitchen": Tmall + Hema + New Seven Days; Foreign media: Taobao China acquires 26% of Gaoxin Retail's shares; JD adjusts rules: reduce the number of SPUs on sale in the store and launches online; Ministry of Commerce: It will implement the "E-Commerce Law" from both development and standardization...

　　E-commerce newsletter:

　　1. Alibaba has built a "future kitchen": Tmall + Hema + New Seven Days

　　It is understood that "Future Kitchen" is based on Hema's high-end consumers. Through offline store celebrity variety shows, interactive experience teaching, brand flash, cooking competition, masked eating king and other combination activities, consumers can experience kitchen supplies on the spot while experiencing food production. At the same time, "Future Kitchen" will deeply integrate Tmall and Hema resources, and provide brand owners with a new and new retail marketing position based on Tmall category day, brand super product day, gathering day, and Hema marketing activities. (Tianxia Online Business)

　　2. Foreign media: Taobao China acquires 26% of Gaoxin Retail shares

　　Lianshang.com News: According to Bloomberg, Taobao China acquires 26% of Gaoxin Retail's shares. Previously, Alibaba and people acting in concert had acquired 71.98% of Gao Xin Retail. It is understood that on November 20, 2017, Alibaba Group, Auchan Retail and Runtai Group announced the establishment of strategic cooperation in new retail. According to the strategic agreement, Alibaba Group will invest approximately HK$22.4 billion (approximately US$2.88 billion) to directly and indirectly hold 36.16% of Gao Xin Retail’s shares, becoming the second largest shareholder of Gao Xin Retail. (Lianshang.com)

　　3. Qutoutiao is confirmed to be listed in the United States on September 14 and has been subscribed by JD.com

　　Qutoutiao updated its prospectus submitted to the SEC yesterday. The latest prospectus shows that Qutoutiao plans to issue 16 million ADS shares, with a price of $7 to $9 per share. The IPO will raise up to US$165.6 million. The prospectus shows that Qutoutiao has obtained a subscription intention of US$40 million from JD.com. (Sina Technology)

　　4. JD.com adjusts rules: reduce the number of SPUs on sale in the store to go online

　　On September 6, JD.com recently issued an announcement on the revision of the "Management Specifications for the Quantity of SPUs for Goods on Selling in Stores". This time, the threshold of the number of SPUs for sale corresponding to some main categories is adjusted. It will officially take effect on September 11. Among them, the upper limit of gift bags has been adjusted from 7000 to 5000, the upper limit of maternal and infants has been adjusted from 1000 to 5000, the daily necessities of homes have been adjusted from 20000 to 10000, and the upper limit of furniture has been adjusted from 9000 to 1000. The specific adjustments to the category are as follows (Yibang Power):

　　5. Ministry of Commerce: It will implement the "E-Commerce Law" from both development and standardization

　　On September 7, Gao, spokesman of the Ministry of Commerce, said that in the next step, the Ministry of Commerce will implement legal requirements from both development and standardization, such as actively promoting the innovative development of online retail, cultivating new products, new services, new models and new business formats; carrying out targeted poverty alleviation for e-commerce, promoting high-quality agricultural products into urban and rural areas, and promoting the development of rural e-commerce. (Yibang Power)

　　Internet information:

　　6. Alibaba charity "3-hour charity platform" was launched for one year, with 11 million people registering to become volunteers

　　During Alibaba's 9.5 Charity Week this year, the first anniversary of the launch of the "3-hour Charity Platform". According to the relevant person in charge of Alibaba's Charity, as of the end of August 2018, the number of registered users of the 3-hour Charity Platform has exceeded 11 million, and nearly 1,000 charity organizations have been settled in. Recently, it reached a cooperation with Sesame Credit. After the user authorization, the charity behavior of users on the 3-hour Charity Platform can become one of the reference dimensions for their evaluating Sesame Credit points. (Tianxia Online Business)

　　7. Uber launches new features: One-click switching to a bicycle shared application

　　September 7th news, today, Uber added a new feature called "Mode Switch" to its application: after the online ride-hailing service is over, the app will immediately switch to the shared bicycle rental mode. The company's CEO said that this feature is to provide users with more travel options to attract more people to use Uber, and their ultimate goal is to make mobile phones replace cars and become people's travel tools. (E-commerce News)

　　8. Meituan said it will not increase investment in online car-hailing business

　　On September 7, Meituan held a global launch press conference in Hong Kong yesterday. Meituan co-founder Wang Huiwen said that judging from the current evaluation of online car-hailing business, Meituan will not increase its investment in online car-hailing. Meituan CFO Chen Shaohui said that the industry will focus on the "eating" of users to make the industrial chain more efficient, thereby enhancing the competitiveness of the entire platform. (E-commerce News)

　　9. Car shared brand Tuge was exposed to have completely withdrawn from the market

　　September 6th news, recently, some media revealed that the shared car brand Tuge has retreated from Nanjing. Some users in Nanjing found that when they opened the Tuge App, there was no car on the map. According to Tuge's Nanjing Ground Service, the worker was notified that Tuge had evacuated Nanjing, and the dispatching group, invoice group, and reimbursement group he was in was also disbanded. The parking fee and refueling fee that had been paid in advance have not been reimbursed so far. An insider close to Tuge revealed to Lieyun.com that Tuge is now basically on the eve of its bankruptcy. (Phoenix Technology)

　　Cross-border e-commerce

　　10. Suspected of violating US Securities Lawpaipaidai or facing investigation by law firms

　　On September 7, US shareholders and consumer rights litigation company "Scott+Scott Attorneys at Law LLP" announced yesterday that it will investigate whether Paipaidai (NYSE: PPDF) violates the US Securities Law. Scott+Scott said the main content of the investigation was to evaluate whether the documents submitted by Paipaidai to the U.S. Securities and Exchange Commission (SEC) contained some false content, or concealed information about Paipaidai's business behavior, loan interest rates or loan quality. (E-commerce News)

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