#Laogao E-commerce Newsletter# [October 12 E-commerce Morning Newsletter]

　　#Laogao E-commerce Newsletter# [October 12 E-commerce Morning News Brief] Jack Ma: It is not that digitalization will become cold, technology will make the city warmer; Hello Travel launches a taxi function; Haitun Fresh opens its first store in the country, and Meituan participates in the investment; Fliggy announced that it will complete membership connectivity with Sichuan Airlines; China's first female leader is in a debt crisis of 28 billion: a net worth of 11.1 billion, and promises to donate 18 billion...

　　E-commerce newsletter

　　1. Alibaba International Station's transaction volume in September increased by nearly 300% year-on-year

　　Recently, Alibaba International Station released the transaction data of the September 2018 Procurement Festival. Data shows that companies from 219 countries around the world purchased Chinese goods through Alibaba International Station, with a total transaction volume increasing by nearly 300% year-on-year. Among them, Nordic countries saw the largest increase in transactions, nearly 400%.

　　In addition, in order to facilitate the payment habits of enterprises in different countries, Alibaba International Station and several banks established a global cross-border large-value payment network on the eve of the Procurement Festival, covering 76% of American buyers and 41.4% of European buyers. (Zhitong Finance)

　　2. Jack Ma: It is not that digitalization will become cold, and technology will make the city warmer

　　Recently, Hangzhou City’s mobilization meeting for building the first city of digital economy was held. Jack Ma revealed at the meeting that 7 million of the 9 million Hangzhou people have used mobile payments. "In Hangzhou, as long as the Sesame credit score is above 600, you can borrow power banks and umbrellas without spending money. It is not that digitalization will become cold, and technology will make the city warmer." In Jack Ma's view, the "first city of digital economy" is not only reflected in wealth and economy, but also in the level of civilization, governance and security of the city. (Penguin)

　　3. Cainiao reached cooperation with merchants such as Nestle and Metro to reduce supply chain expenditures

　　Recently, Cainiao reached a strategic cooperation agreement with merchants such as Nestle, Metro, Shiseido, Aeon, Mistine, German SOS. During Double 11, Cainiao will cooperate with the above-mentioned merchants to upgrade the global supply chain, and imported goods will be directly received from warehouses and ports to receive goods directly from overseas sources. The logistics efficiency of importers will be greatly improved, and expenditures on the supply chain will be reduced by at least 10%. (Chuangyebang)

　　4. Haitun Fresh opened its first store in the country, and Meituan participated in the investment

　　Haitun Fresh, a new online and offline integrated and data-driven retail format created by Peng Xiaohai, former chairman of Hualian Pyong Supermarket, opened its first store in the second-tier market on October 11 in Hefei. According to people familiar with the matter, Haitun Fresh’s procurement team is the “original team” of Beijing Hualian. Meituan participated in the investment, but did not hold the same stake like Xiaoxiang Fresh. (Business Observer)

　　Internet news

　　5. Hello Travel launches taxi function

　　On October 12, Hello Travel launched a taxi service, which also means that after Meituan Taxi, another company has entered the taxi field. At present, Hello Travel has not disclosed the number of cities covered by taxi services.

　　There have been signs of Hello Travel's action. In mid-September this year, Hello Travel had just completed the name change from Hello Bicycle and launched a brand new brand marking system. The release of "Hello Travel" marks a comprehensive upgrade of this bicycle company, which started with shared bicycle services, in terms of products, services, technology and responsibilities, and has begun a new development stage of shifting from shared bicycle service providers to professional mobile travel platforms. (E-commerce News)

　　6. Fliggy announced that they have completed membership opening with Sichuan Airlines

　　On October 11, Fliggy announced that they have completed membership opening with Sichuan Airlines. After completing a ticket purchase at the Sichuan Airlines flagship store, Fliggy members of different levels can receive the corresponding Sichuan Airlines general card, experience silver card or experience gold card, and receive an additional 500 Sichuan Airlines miles reward. Gold card users can directly enjoy the first-class lounge, upgrade opportunities and other noble gifts. In addition, Fliggy members can also join the Sichuan Airlines "Flying Return" program and obtain air ticket coupons of different amounts. (Yicai.com)

　　7. China's first female charity is in a debt crisis of 28 billion: 11.1 billion yuan, promised to donate 18 billion yuan

　　On October 11, the Chinese woman's first woman was in a debt crisis of 28 billion yuan: her net worth is 11.1 billion, but she promised to donate 18 billion yuan.

　　Currently, the total market value of Oriental Garden is 26.9 billion yuan. Based on the 41.52% shareholding ratio of He Qiaonu, its net worth is 11.169 billion yuan, and its commitment to donations far exceeds the market value of its shares held in Oriental Garden. Moreover, most of He Qiaonu's current shares are still pledged. (Tencent Finance)

　　8. US stocks continue to fall at the opening: Amazon fell 1.59%, Alibaba fell 1.20%

　　On the evening of October 11, when the U.S. stock market opened, Apple fell 0.85%, Amazon fell 1.59%, Google fell 0.67%, Facebook fell 0.34%, and Microsoft rose 0.57%. The decline in Chinese technology stocks in the US narrowed compared with the pre-market trading, with Alibaba falling 1.20%, Baidu falling 1.17%, NIO falling 3.61%, and JD.com rising 0.44%. (Sina Technology)

　　Cross-border e-commerce

　　9. Japan Convenience Store Family Group invests in a chain hypermarket company to expand diversified sales

　　On October 11, FamilyMart Group issued an announcement on its official website in Japan that it will acquire 20% of the equity of Japanese chain Don Quijote for 211.9 billion yen (approximately RMB 13.1 billion), and at the same time, it will completely transfer its subsidiary UNY Co., Ltd. (hereinafter referred to as UNY), a major in comprehensive department store business, to Don Quijote. (Caixin.com)

　　10. US Post plans to increase parcel delivery fees for express delivery services used by Amazon

　　According to foreign media reports, the US Postal Service recently stated that it plans to raise the price of express delivery services used by Amazon by 9% to 12%. The U.S. Postal proposes a 9.3% increase in service charge for packages weighing more than one pound and a 12.3% increase in service charge for lighter packaging.

　　The parcel delivery service is the last step in the transportation process. It can deliver the parcel to the customer's doorstep, but it is also the most expensive link. Amazon often uses the U.S. Postal Service’s services to complete the so-called “last mile” courier service, delivering packages to approximately 150 million residents and merchants across the United States every day through U.S. Postal Service. In addition to Amazon, UPS and Fed Express also often use the U.S. Postal service.

　　A few months ago, US President Trump had criticized Amazon for treating the US Postal Service as its courier, causing the latter to suffer huge losses. (E-commerce News)

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