#Laogao E-commerce Newsletter# [E-commerce Evening News on September 12] Starting next year, the maximum fine of 2 million yuan for illegal purchase agents is 2 million yuan; cooperation with NetEase Yanxuan is "exposed" Pinduoduo's stock price rose 19% on Tuesday; it is said that JD Finance lost 2.1 billion yuan in 2017; Ant Financial established a mini program business department, which has encouraged Alipay mini program entrepreneurs for 1 billion yuan in three years; Shanghai's three departments have entered Didi again, and found that there are "some orders are missing" and other situations...
E-commerce newsletter
1. Starting next year, the maximum fine of 2 million yuan for illegal purchases
The "E-Commerce Law of the People's Republic of China" will be officially implemented on January 1 next year. The E-Commerce Law stipulates that if an e-commerce platform operator fails to take necessary measures for platform operators to infringe on the legitimate rights and interests of consumers, or fails to fulfill the qualification review obligations for platform operators, or fails to fulfill their safety obligations to consumers, they shall be ordered to correct the problem within a time limit, impose a fine of not less than RMB 50,000 and not more than RMB 500,000, if serious circumstances are ordered to suspend business and rectify, and impose a fine of not less than RMB 500,000 and not more than RMB 2 million. (Pinwan)
2. Cooperation with NetEase Yanxuan "exposed" Pinduoduo's stock price rose 19% on Tuesday
Blue Whale TMT reported on September 12 that Pinduoduo (Nasdaq: PDD) closed on Tuesday with a stock price of 19.4% to $23.57, the largest increase since its IPO, with a market value of $26.111 billion. It is reported that NetEase Yanxuan has opened a brand flagship store in Pinduoduo. According to NetEase Yanxuan, its entry into Pinduoduo occurred in the second half of 2017, and it has been about a year since then. (Blue Whale Finance)
3. More than 40 Cainiao charter flights are preparing for Double 11, and will provide merchants with global supply chain solutions.
36Kr news, Cainiao announced the upgrade of Double 11 import and export services today. This year, Tmall Double 11 rookie will invest more than 40 more charter flights on the basis of normal charter flights, and these charter flights will fly to key market countries such as Russia. In Russia, more than 2,000 self-pickup cabinets arranged by Cainiao and its partners have covered 390 cities. This year, in addition to providing bonded warehouses of more than 1 million square meters, Cainiao also provides nearly 30 overseas warehouses and nearly 40 cross-border direct mail lines and other platform service providers. (36Kr)
4. JD Finance lost 2.1 billion in 2017
According to September 12, Xinliu Finance recently obtained a latest manual on JD Baitou's asset-backed notes. The manual shows that in 2017, JD Finance suffered an operating loss of 2.084 billion yuan and a net profit of -2.087 billion yuan. In addition, according to the research report "Ant Financial: From Payment Tools to Financial Service Platforms - One of the Financial Unicorn Series" released by Haitong Securities, as of the end of 2017, the balance of JD White Bar Gold Bar loans was 48.5 billion yuan. (E-commerce News)
5. The amount of funds raised by the new company "Ele.me + word of mouth" may exceed Meituan's IPO. Ele.me: No comment
On September 12, according to people familiar with the matter, several investment institutions are seeking to join Alibaba's newly formed holding company for Ele.me and Word of Mouth. The first round of financing of the new company will exceed the initial US$3 billion, an increase of at least US$1 billion. The maximum amount of financing is not ruled out that it exceeds the amount of Meituan's IPO financing in Hong Kong. Ele.me said it would not comment on this.
Internet news
6. Ant Financial has established a mini program business unit, and has encouraged Alipay mini program entrepreneurs for 1 billion in three years.
36Kr News, at the Ant Open Day Mini Program Special Session, Alipay announced the official establishment of the mini program division, and opened the payment success page entrance to fully connect with the Alibaba ecosystem; in addition, the official Alipay team also announced that it would invest 1 billion science and technology innovation funds in the next three years to help developers and merchants upgrade various service scenarios. The official Alipay team revealed that within the next six months, Alipay mini-programs will gradually be opened to individual developers. Up to now, the number of mini programs on the Alipay mini program platform has exceeded 20,000, with daily active users of 120 million and 300 million. (36Kr)
7. Shanghai's three departments have entered Didi again and found that there are "some orders are missing" and other situations
The Law Enforcement Corps of the Shanghai Municipal Transportation Commission, the Traffic Police Corps of the Municipal Public Security Bureau, and the Municipal Transportation Management Office jointly conducted a special safety inspection on Didi yesterday, and found that it had "some motor vehicle driver's license numbers that have been completed are empty", "partial orders are missing", and "partial registered account drivers have incomplete information". Didi company is required to fulfill its main safety responsibilities, resolutely plug platform management loopholes, and effectively prevent and resolve various risks. (Securities Times)
8. Beijing Municipal Housing and Urban-Rural Development Commission: Suspend the online signing qualification of I Love My Home Chaoyang District, and fined 60,000 yuan
On September 12, the official official account of the Beijing Municipal Housing and Urban-Rural Development Commission "Anju Beijing" released the penalty results for the sublease of public rental housing projects in Chaoyang District. Both I Love My Home and Zhongtian Land were fined 60,000 yuan at the upper limit and recorded it in the credit file. At the same time, the qualifications of the two intermediary companies to sign online in Chaoyang District, Beijing will be suspended. (Pengpai News)
9. Meituan Hotel has reached cooperation with 9 Gaoxing Hotel Groups to deeply deploy in North China
Meituan Hotel signed a strategic cooperation agreement with nine high-star hotels in North China, including Kelly Group, Century Jinyuan Group, and Yuyuantan Group, to achieve the connection of the hotel reservation system. Consumers can get more accurate prices and room conditions through Meituan Hotel reservations, and can confirm booking information in real time. In addition to direct order connection, the nine Gaoxing Hotel Groups that participated in the signing this time will also cooperate with Meituan Hotel in multiple dimensions such as brand building, hotel comprehensive income and data analysis. (Tencent First-line)
Cross-border newsletter
10. Alibaba and the three Russian giants have established a joint venture
According to the official website of the "Oriental Economic Forum", on September 12, Alibaba signed an agreement with the Russian Direct Investment Fund (RDIF), mobile operator MegaFon and Internet group Mail.ru to establish a Sino-Russian joint venture called AliExpress Russia. Among them, the Russian Direct Investment Fund is a Russian sovereign wealth fund established by the Russian government in June 2011, aiming to invest in equity in the high-growth sector of the Russian economy. Russian President Putin said that the Russian government will fully support Alibaba's development in Russia. (E-commerce News)
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