#Laogao E-commerce Newsletter# [October 8 E-commerce Morning News]

　　#Laogao E-commerce Newsletter# [October 8 E-commerce Morning News Brief] Goldman Sachs analysts predicted: Alibaba's stock price rose 54% in a year; Alipay report: Fuzhou has become the fastest growing city in overseas mobile payments, surpassing Beijing, Shanghai and Guangzhou; Three Squirrels Food Stores have won another city, with more than 40 stores opened; Ele.me's takeaway big data for the first three days of National Day: Tens of thousands of people order takeaway at popular attractions; Suning.com released National Day consumer data: Sales of autumn pants increased by 5 times...

　　E-commerce newsletter

　　1. Goldman Sachs analyst forecast: Alibaba's stock price rises 54% a year

　　According to news on October 7, Alibaba received strong recommendations from an international heavyweight investment bank this week. Goldman Sachs analyst Piyush Mubayi reiterated his "buy" rating for Chinese e-commerce giant Alibaba in his latest research report, making it clear that it is on the "conviction list" of Goldman Sachs. He also raised Alibaba's target share price in the next 12 months to $247, up 2.5% from the previous expectation of $241. (Titanium Media)

　　2. Alipay report: Fuzhou has become the fastest growing city for overseas mobile payments, surpassing Beijing, Shanghai and Guangzhou

　　On October 7, Alipay released data on Chinese people's overseas consumption during this year's National Day Golden Week. Data shows that residents in second-tier cities have performed well overseas consumption. Fuzhou surpassed Beijing, Shanghai and Guangzhou for the first time with a per capita consumption growth rate of 70% (45% in Beijing, 60% in Shanghai, 28% in Shenzhen, 27% in Guangzhou), becoming the city with the fastest growth in overseas mobile payment consumption. The per capita consumption growth rates in some other second-tier cities are: Hangzhou (50%), Wuhan (31%), Tianjin (30%), Chengdu (26%), and Chongqing (21%). (Chuangyebang)

　　3. Three Squirrels Food Store has won another market, with more than 40 stores opened

　　Three Squirrels offline store has recently entered Tianjin. Currently, the Three Squirrels Food Store has a total of 45 stores, most of which are distributed in Jiangsu, Anhui, Shandong, Zhejiang and other places. Speaking of the definition of "food store", Zhang Liaoyuan, founder and CEO of Three Squirrels, previously said that he was not willing to call offline stores a simple physical store or experience store. He did not emphasize the function of buying and selling, but emphasized experience and interaction in order to enhance a sticky relationship with users. (Yibang Power)

　　4. Suning.com released National Day Consumer Data: Sales of Autumn Pants Increased 5 times

　　On October 7th, Suning.com recently released the "2018 National Day Golden Week Consumption Big Data". The data shows that as of today's National Day holiday, a large amount of purchasing power has turned to "new big items" such as large-screen color TVs, healthy air conditioners, washing and drying machines, wall-breaking dishes, integrated smoke stoves, etc. Among them, the sales of TVs with 70-inch and above increased by 517% year-on-year, the sales of healthy air conditioners with functions such as self-cleaning, dust removal and purification, and temperature and humidity control increased by 92%, the sales of all-in-one washing machines increased by 195.9%, and the sales of wall-breaking dishes increased by more than 10 times.

　　It is worth mentioning that Suning data shows that as the weather has gradually become colder recently, autumn pants have also become popular, with sales increasing by 524.2% year-on-year. The autumn pants bought in Xi'an alone account for 20.9% of the total. (E-commerce News)

　　Internet news

　　5. Didi holds a driver's opinion solicitation meeting: Cheng Wei and Liuqing attended to listen to opinions

　　On the afternoon of October 6, more than a dozen drivers were invited to Didi Company and attended the driver's comments meeting. Didi Chuxing CEO Cheng Wei, President Liu Qing, CTO Zhang Bo, Senior Vice President of Product Yu Jun, General Manager of Quick Business Group Chen Ting and heads of various departments were Didi's front-line customer service, listening to the voices of the drivers on the spot. Opinion solicitation meetings in other cities are also being held one after another. In addition to inviting all sectors of society to participate in the opinion solicitation meeting, Didi has recently launched two social co-construction measures: "online solicitation" and "establishing a safety supervision advisory committee". (Sina Technology)

　　6. Tujia, Airbnb, Xiaozhu, etc. are strictly prohibited from "swiping orders" and other abuse of evaluation mechanisms.

　　In response to the media reports that "B&B and Internet celebrity inns spend money to hire people to review positive reviews", recently, well-known domestic short-term rental platforms such as Tujia.com, Airbnb, and Xiaozhu Short-term Rental stated in an interview with reporters that "order swiping" and other abuse of platform evaluation mechanisms are strictly prohibited. Once a merchant or landlord who settles in the platform is found to have violated regulations, measures such as reducing the listing ranking, fines or even permanently offline, and banning accounts will be taken. (36Kr)

　　7. Ele.me’s first three days of National Day takeaway big data: Tens of thousands of people order takeaway at popular attractions

　　On October 6, Ele.me released the takeaway big data from October 1 to October 3 in the first three days of National Day. Shanghai has the highest transaction volume and Guiyang's orders have increased the fastest. In terms of cuisine, Sichuan and Hunan cuisine has the highest sales volume, and Xinjiang cuisine has the highest growth rate. It is worth noting that in the first two days of National Day, tens of thousands of takeaway orders were delivered to popular attractions such as West Lake in Hangzhou, Hubu Lane in Wuhan, and Zengcuoan in Xiamen. Data shows that in terms of the city ranking of takeaway orders, Shanghai had the highest takeaway transaction volume as of October 3, followed by Beijing, Hangzhou and Wuhan. Compared with the same period last year, Guiyang's order volume increased the highest, at 174.3%, followed by Taiyuan, Shijiazhuang and Chengdu. (Beijing News)

　　8. Midea Group: Delayed the board of directors to review asset restructuring matters, and stocks will continue to be suspended

　　On October 7, in response to the asset restructuring matters between Midea Group and its holding subsidiary Little Swan, Midea Group issued an announcement stating that since both parties to the transactions involved in this asset restructuring are listed companies, the matters involved in the restructuring plan are relatively complicated. The original plan is to convene a board meeting before September 28, 2018 to review the matters related to the asset restructuring, which will be postponed. The company will further promote the acceleration of the process of restructuring matters, and hold a board meeting in a timely manner after the relevant asset restructuring matters are confirmed to review and disclose relevant plans. (Chuangyebang)

　　9. Evergrande Health issued an announcement: Jia Yueting exhausted US$800 million in half a year and wanted to tear up the contract and kick Evergrande out

　　On October 7, according to the announcement released by Evergrande Health (00708.HK) today, Jia Yueting exhausted Evergrande's $800 million in half a year and proposed to Evergrande to pay another $700 million in advance. After failing to achieve the goal, he proposed arbitration, demanding that Evergrande deprivation of the right to agree to financing and terminate all cooperation agreements. (36Kr)

　　Cross-border e-commerce

　　10. Amazon has "large" locations selected in the UK, and unmanned convenience stores are logged in at the earliest end of the year

　　According to the Sunday Times, Amazon hopes to obtain a "large" retail location in the UK, which may be used to open an Amazon Go unmanned convenience store locally. It is reported that Amazon is looking for retail space between 4,000 and 5,000 square feet, about between Tesco Express and Tesco Metro supermarkets. It is not clear when Amazon Go will officially land in the UK, but some analysts expect it to be as early as the end of this year. (E-commerce News)

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