#Laogao E-commerce News# [October 10 E-commerce Evening News Brief] Alibaba and JD.com made integrity commitments: resolutely not to make counterfeits and sell counterfeits, and evade taxes; Pinduoduo’s new regulations: standardize the sales of audio and video member products; Taobao revised the food industry rules: clarify the food shelf life regulations; "2018 Hurun Rich List" dark horse: Pinduoduo Huang Zheng was on the top 15 for the first time; Toutiao cracked down on 3,591 illegal accounts in September...
E-commerce newsletter
1. Alibaba and JD.com make integrity commitments: resolutely not to make counterfeits and sell counterfeits, and evade taxes
On October 10, the China Federation of Internet Social Organizations and the China Internet Development Foundation held a launch ceremony for the e-commerce integrity signature event in Beijing. Senior executives of 10 companies including Alibaba, JD.com, Suning, Meituan, etc. read out the promise letter of e-commerce integrity merchants on the spot, promising to make counterfeit and sell counterfeits, evade taxes, induce, defraud or threaten consumers to delete and modify after-sales evaluations, etc. (Titanium Media)
2. Pinduoduo’s new regulations: standardize the sales of audio and video member products
According to October 10, Pinduoduo recently issued a merchant announcement, adjusting the access conditions for selling audio and video member products. After the adjustment, merchants will publish member products of major film and television platforms under the Pinduoduo second-level classification "Music Film and Television", and will need to provide corresponding authorization letters to prove that the operator of the video platform member business has indeed authorized merchants to sell their member products in Pinduoduo. Power of attorney includes but is not limited to sales authorization letters, sales agency agreements, etc. (E-commerce News)
3. The dark horse of "2018 Hurun Rich List": Pinduoduo Huang Zheng entered the top 15 for the first time
According to October 10, Hurun Baifu today disclosed the "2018 Hurun Baifu List". Although the front seats of the top rich have been locked, some entrepreneurs still have soared their value through corporate listing and financing, becoming "dark horse" rich people. The list data shows that in this year's Rich List, a total of 881 entrepreneurs achieved wealth growth, including 219 new faces. Among them, Huang Zheng, 38, from the newly listed company Pinduoduo, made the list for the first time with a fortune of 95 billion yuan and entered the top 15 in one fell swoop. (36Kr)
4. Taobao revises food industry rules: clarify food shelf life regulations
On October 10, Taobao issued a public notice on the change of the "Taobao Food Industry Standards" and related dispute handling rules. This rule has added the provision that "foods with shelf life of more than or equal to 30 days shall not be published when the remaining shelf life of less than 10 days"; it is clear that sellers must check whether the shelf life is approaching when publishing food products; and it is clear that the definition of the food is approaching the shelf life. The new rules will officially come into effect on October 16. In addition, the Taobao mini program "light store" that has been rumored recently has begun internal testing. (E-commerce News)
Internet news
5. Toutiao cracked down on 3,591 illegal accounts in September
According to October 10, today, Toutiao's Toutiao platform, a Toutiao platform, issued an announcement stating that in September 2018, Toutiao platform further strengthened its crackdown on handling accounts, protected originality, and banned and banned 3,591 illegal accounts. The announcement shows that Toutiao accounts that were punished by the platform for copyright infringement mainly include behaviors such as handling, tampering and distortion. Toutiao platform stated that it will continue to strengthen platform self-discipline supervision, spare no effort to crack down on infringement and violations, and protect the rights and interests of copyright owners and original authors. (E-commerce News)
6. Jia Yueting’s new plan: two weeks of arbitration determine life and death, and has been contacted for new investments
According to October 10, Smart King filed an emergency relief application and an emergency arbitration procedure at the Hong Kong International Arbitration Centre, and the average time it took 14 days to give a ruling. The ruling may be enforced with permission from the court in the manner of enforcing the court's judgment.
This is a bet by Jia Yueting - if you win, you get what you want, and if you lose the arbitration, FF is likely to face the risk of a full liquidation. FF is quite confident in the arbitration results and has begun to contact new investors. Sources close to the dispute said that Evergrande was very dissatisfied with FF. "Jia Yueting took Evergrande's investment and manipulated the Smart King board of directors, and in turn wanted to drive Evergrande away."
Opposition voices said, "After Evergrande's investment enters Smart King, it is the company's assets. Jia Yueting has the right to expel Evergrande's shareholders, which is a "harmful" company when the company's interests are damaged." (Tencent "Prism")
7. Gaode: Over the National Day period, the navigation service exceeded 10.5 billion times, an increase of 98% year-on-year
Gaode Map recently released the "2018 National Travel Report for National Day Golden Week", which comprehensively analyzed the traffic big data and tourism big data on the National Day. Data shows that during the National Day period, Gaode provided navigation planning services to users more than 10.5 billion times, an increase of 98% over the same period last year, and the total driving mileage of Gaode Map users exceeded 13.5 billion kilometers, an increase of 87% over the same period last year. (Sina Technology)
8. Midea Group: Spend nearly 1.8 billion yuan to repurchase more than 39.3 million company shares
On October 10, Midea Group issued an announcement last night that it had repurchased more than 39.3 million shares of the company, costing nearly 1.8 billion yuan.
The announcement stated that as of September 30, 2018, the company's cumulative number of shares repurchased was 39,332,706 shares, accounting for 0.5921% of the company's total share capital as of August 31, 2018, with the highest transaction price of 48.40 yuan/share and the lowest transaction price of 42.12 yuan/share. The total amount paid was approximately 1.8 billion yuan (the specific amount is RMB 1,799,726,974.66, excluding transaction fees).
Midea Group said that the company will continue to promote the implementation of the share repurchase plan based on the company's share repurchase plan, further stabilize market value and shareholder returns, and safeguard shareholder interests. (E-commerce News)
Cross-border e-commerce
9. Amazon Cloud Services wins $1 billion order, and its rival Microsoft defeats Maicheng
On the morning of October 10, an internal memorandum of Amazon showed that its cloud computing service Amazon Web Services signed a new $1 billion contract with SAP SE and Symantec. This shows that the company's growing momentum in the Internet-based computing power and storage market.
Many technology giants around the world are snatching the dominant position in the cloud computing market. AWS, Microsoft, and Alphabet's Google have all been involved. Among them, AWS has maintained a leading position, with sales reaching US$17.5 billion last year, and its market size was US$30 billion at that time. (Titanium Media)
10. Amazon India Station and Flipkart e-commerce promotion to promote online payment
On October 10, Flipkart's Big Billion Days sale and Amazon's Great Indian Festival sale officially kicked off today. It is understood that in 2018, Flipkart's Big Billion Days will have more than 40,000 registered sellers, selling more than one million products in more than 70 categories. (Yibang Power)
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