#Laogao E-commerce Newsletter# [October 10 E-commerce Morning Newsletter]

　　#Laogao E-commerce Newsletter# [October 10 E-commerce Morning News Brief] 2018 Hurun Rich List: Jack Ma regained the richest man in China, and Ma Huateng's assets shrank for the first time in 13 years; JD.com's Imported Commodity Department: Opening 50 national food pavilions, investing 10 million in fan operations; Gome, Dangdang and Xiaomi entered Pinduoduo, and the sales of Super Energy and Libai increased by 50% month-on-month; Didi responded: Never intended to acquire ofo; Weibo: Registration for minors under the age of 14 will be suspended from next month...

　　E-commerce newsletter

　　1. 2018 Hurun Rich List: Jack Ma regained the richest man in China, Ma Huateng's assets shrank for the first time in 13 years

　　On October 10, the 2018 Hurun Rich List was released. Jack Ma returned to the throne of China's richest man, with assets appreciation of 70 billion yuan to 270 billion yuan; former richest man Xu Jiayin retreated second, Ma Huateng's assets shrank for the first time in 13 years, and the three richest men firmly occupy half of China's wealth, and the fourth place is a gap of 100 billion yuan. (Sina News)

　　2. JD.com Imported Products Department: Open 50 national food pavilions, investing 10 million to fan operations

　　On October 9, JD.com’s Imported Products Department released the “Global Yet Local” strategy. In order to further empower the operation of merchants' fan traffic, the Imported Products Department will use 10 million yuan worth of resources in the next year to support fan-driven and fan-oriented activities, and will support 10 stores to exceed 1 million fans within one year, and the number of fans in 100 stores exceeds 100,000. At the same time, in the next year, JD.com’s Imported Products Department will open 50 national food pavilions. (36Kr)

　　3. Gome, Dangdang and Xiaomi entered Pinduoduo, and the sales of Super Power and Libai increased by 50% month-on-month

　　Well-known platforms such as Gome Electrical Appliances, Dangdang.com, and Xiaomi successfully entered Pinduoduo before National Day. Relevant data shows that during the National Day holiday, the GMV (total transaction volume) of Pinduoduo platform increased by more than 300% year-on-year. Among them, the growth of products in categories such as daily chemicals, 3C, and food and beverages was particularly obvious, with sales of well-known brands including VIVO, Super Energy, and Libai increasing by 50% month-on-month compared with the previous quarter. (Chuangyebang)

　　4. SF Express should withdraw after two months of investment in combating counterfeiting.

　　On October 9, SF Express Co., Ltd. (hereinafter referred to as "SF Express"), the official Weibo of SF Express Co., Ltd. (hereinafter referred to as "SF Express") issued a clarification message, saying that recently, Shenzhen Yingyou Technology Co., Ltd. (hereinafter referred to as "Yingyou Technology") used the name of "SF Express" to carry out investment promotion activities without SF Express's consent. The use of "SF Express" trademark, logo, font size, enterprise name and other behaviors in the promotional materials, promotional texts, promotional information and other materials of the investment promotion activities have not been authorized and recognized by SF Express, and is suspected of infringing on SF's legitimate rights and interests. (Tencent Technology)

　　Internet news

　　5. Weibo: Registration for minors under the age of 14 will be suspended from next month

　　On October 9, Weibo announced an announcement on adjusting the rules for registering and using Weibo for minors under the age of 14:

　　In order to further create a clear, healthy, civilized and orderly platform environment and effectively protect the security of the cyberspace of minors, in accordance with relevant laws and regulations, Weibo will adjust the rules for minors to register and use Weibo products.

　　Starting from the new version of the client launched on November 1, 2018, Weibo has suspended the registration function for minors under the age of 14. At the same time, Weibo is stepping up the development of special versions for minors, specifically providing content and activities suitable for minors to browse and participate in, to ensure that minors are more effective in protecting minors. (Weibo announcement)

　　6. Huawei only passed all tests in 5G national test

　　In the third phase of China's 5G commercial technology research and development experiment, Huawei, among the world's mainstream manufacturers, completed and passed all tests. The third phase of China's 5G commercial technology testing mainly conducts system network verification, which is a realistic drill close to actual combat. During the drill, Huawei passed all tests, and Chinese and foreign manufacturers such as ZTE, Ericsson, China Information Technology, and Nokia also completed some tests. (Shenzhen Special Zone News)

　　7. Didi responded: Never intended to acquire ofo

　　On October 9, in response to the news that "Didi proposed to acquire ofo at a valuation of $2 billion in August", Didi said it had never intended to acquire ofo and promised to continue to support its independent development in the future.

　　From ofo's 2016 round C to the most recent round E financing, Didi participated in each round, with a total investment of US$350 million. As an investor, Didi has never and promised that it will not exercise a veto in the future. (Titanium Media)

　　8. Tencent's stock price fell below HK$300, and its market value fell out of the top ten in the world for 8 consecutive days.

　　According to news on October 9, Tencent closed down 1.7% today at HK$293.8. As of now, Tencent's market value has fallen below HK$2.8 trillion. Tencent's stock price has fallen for 8 consecutive trading days, and Tencent's market value has fallen out of the top ten companies in the world.

　　According to Tencent, the third structural adjustment has only been less than ten days. (NetEase Technology)

　　Cross-border e-commerce

　　9. Walmart announces nearly $4 million in grants to create lifelong learning and training

　　The Walmart and Walmart Foundation today announced nearly $4 million in grants to three organizations that are committed to providing innovative learning and training pathways to help create mobility for workers. The funding is the latest investment in Walmart and Walmart Foundation Retail Opportunity Program. The five-year program costs $100 million to make it easier for front-line employees in retail and related industries to acquire new skills and make progress in their careers. (Sina Finance)

　　10. Wish: Direct orders sent directly in mainland China only accept Wish mail delivery

　　On October 9, Wish announced that from 17:00 Pacific time on October 22, 2018, if direct orders are sent by logistics service providers other than Wish mail, they will be fined US$10 per illegal order.

　　Wish said that stores that violate the delivery policy will face the risk of fines, penalties, temporary deductions for goods, and/or account suspension. At the same time, products transported from mainland China can be distributed by logistics service providers on the list of acceptable logistics service providers. (Yibang Power Network)

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