#Laogao E-commerce Newsletter# [October 25 E-commerce Morning News Brief]

　　#Laogao E-commerce Newsletter# [October 25 E-commerce Morning News Brief] Preparing for Double 11, 350 Cainiao robots are invested in the YTO distribution center to pick up 500,000 packages per day; is it imperative for Amazon to issue new regulations on e-commerce taxation? Qu Fang, founder of Xiaohongshu: Promoting consumption upgrades among different classes must be a major trend; Huawei responded to "stop social recruitment": for false reports; Forbes released the list of China's 400 richest people, Jack Ma returned to the top...

　　E-commerce newsletter

　　1. Prepare for Double 11. 350 rookies invest in the YTO distribution center to pick up 500,000 packages per day

　　On the eve of Tmall Double 11, the super robot distribution center jointly launched by Cainiao and YTO Express will invest 350 robots, which can sort more than 500,000 packages per day. It is understood that the robot in the distribution center can run automatically with packages, can automatically give way, and can also automatically charge. During the peak period, 350 robots operate day and night in the 2,000 square meters of site, and can sort more than 500,000 packages per day. The robot's three-day mileage is enough to circle the earth. Tmall Double 11 logistics orders increased by more than 3,100 times in ten years from 260,000 pieces in 2009 to 812 million pieces in 2017. On Double 11 this year, the logistics industry is expected to usher in a new global record. TechWeb)

　　2. Is it imperative for Amazon to issue new regulations on e-commerce taxation?

　　On October 24, a person familiar with the matter revealed that some sellers have received emails from Amazon about the California Taxation Bureau asking Amazon sellers to provide tax numbers. The email stressed that Amazon received valid and binding legal requirements from the California Tax and Fee Administration (CDTFA) requiring Amazon to disclose two relevant information about platform sellers in 2017, including: 1. Contact information (name, address, and email); 2. U.S. taxpayer identification number. Amazon said it plans to provide the information to the California Tax Administration by November 6, 2018 in order to fulfill its legal obligations. Currently, sellers who register and file taxes in California have provided information about their Amazon business in their tax filings in California. Because each seller's business and tax needs are unique, Amazon recommends that sellers consult a tax consultant to handle this incident. (Yibang Power)

　　3. Qu Fang, founder of Xiaohongshu: Promoting consumption upgrades among different classes must be a major trend

　　Recently, the GGV Change + Conference was held in Beijing today. Qu Fang, founder of Xiaohongshu, said, "We believe that men are a rapidly rising market. We focus on the increasingly younger consumer market. In fact, there has always been a demand for consumption upgrades in this diversified market. Qu Fang believes that using algorithms to distribute such logic to push the most accurate information to the market, and promoting consumption upgrades of different classes must be a major trend, whether it is consumption upgrades or consumption grading. (Tencent Technology)

　　4. AliExpress participates in Tmall Double 11 in the fifth year, covering all time zones around the world for 48 hours

　　AliExpress, which participated in Tmall Double 11 in the fifth year, will officially start selling this year from 0:00 on November 11, Sydney time to end at 23:59 on November 12, achieving 48 hours of global time zone coverage for the first time. It is estimated that more than hundreds of millions of users will visit AliExpress in the next three weeks, and AliExpress has equipped users around the world with 13 languages ​​including Hebrew and Arabic. In previous years, AliExpress's Tmall Double 11 started in Western Time, which caused about 20-30% of users to miss the best time for Double 11. (36Kr)

　　Internet news

　　5. Huawei responds to "stop social recruitment": Continue to open recruitment windows for false reports

　　On the afternoon of October 24, in response to the media's report on "Huawei's suspension of social recruitment", Huawei officials responded to Sina Technology that the news on the Internet about Huawei's suspension of social recruitment was false reports. Huawei will continue to open up, absorb outstanding talents from the world, and promote business development under the company's new vision. (Sina Technology)

　　6. Alibaba wins trademark infringement case: the other party cannot issue virtual coins under the name of Alibaba

　　On October 24, according to foreign media reports, Alibaba won a legal lawsuit against Dubai Alibaba Virtual Currency Foundation (Alibabacoin), and the court issued a preliminary injunction against Dubai Alibaba. Previously, Dubai Alibaba was sued by Alibaba for misleading naming. The lawsuit was tried in the U.S. Court of the Southern District of New York, and the Dubai Alibaba Foundation was sentenced to not launch or promote its virtual currency in the United States until the court made a final judgment. (Titanium Media)

　　7. Forbes releases China's 400 Rich Rich List Jack Ma returns to top

　　On October 25, according to Forbes' official website, Forbes released the latest 2018 Forbes China 400 Rich List. Jack Ma returned to the top for the first time since 2014, but his wealth shrank by $4 billion from a year ago. More than three-quarters of the 400 richest people who made the Forbes China Rich List last year experienced a decline in wealth. 93 people failed the exam. Among the rich people who remained on the list, 229 of them had their wealth lower than a year ago, and nearly one-third of them had their wealth reduced by 20% or even more. (IT Home)

　　8. News says ByteDance has completed its Pre-IPO financing official response will not be commented

　　According to 36Kr, ByteDance has completed its Pre-IPO financing, with a pre-investment valuation of US$75 billion. In response, TechWeb asked ByteDance for verification, and the other party responded that he would "not comment." At present, the final amount of ByteDance's financing for this round of financing is still uncertain. The report quoted sources as saying, "The probability of US$4 billion is very high." It is understood that since April this year, news about ByteDance's financing has been constantly circulating, and the company's valuation has also changed repeatedly. During this period, there were also news that Alibaba Cloud Fund or Alibaba invested in ByteDance, but they were denied by Toutiao. (TechWeb-Zhou Xiaobai)

　　Cross-border e-commerce

　　9. Revision of the application content of cross-border e-commerce projects, with a maximum subsidy of 5 million yuan

　　The Beijing Municipal Commerce Commission issued the "Supplementary Notice on Revising the Relevant Contents of the 2018 Cross-border E-commerce Project Application Guide", stipulating that a single project will provide no more than 50% of the financial support according to the actual investment approved, with a maximum of no more than 5 million yuan. This revision clarifies the support standards for overseas warehouses and various project support standards, and the rental support for cross-border experience stores has been refined to different subsidy standards for each district. (36kr)

　　10. Suning.com: plans to raise 4 billion yuan to support the company's overseas business development

　　Suning.com announced today that in order to support the development of the company's overseas business, the company's overseas subsidiary Suning International Group Co., Ltd. and its subsidiaries plan to apply for loans from overseas banks and other financial institutions, with a total financing amount not exceeding 4 billion yuan and a financing period not exceeding 3 years. In order to strengthen stocking and promote sales, the company plans to apply for loans from banks and other financial institutions. The amount of financing is expected to not exceed 5 billion yuan and the financing period shall not exceed 1 year. (36kr)

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