#Laogao E-commerce Newsletter# [October 29 E-commerce Morning Newsletter]

　　#Laogao E-commerce Newsletter# [October 29 E-commerce Morning News] Beijing has taken action to alleviate the "bullying" of e-commerce platform contracts; China Business Huimin joins community group buying, has covered 20 cities across the country; Child Wang Suzhe has added 3 more smart stores to prepare for Double 11; ofo's deposit refund cycle has been extended again, it has now been 15 working days; OPPO has realized 5G mobile phone networking for the first time...

　　E-commerce newsletter

　　1. Beijing takes action to alleviate the "bullying" of e-commerce platform contracts

　　In response to the increasingly obvious "unfair terms" problem of e-commerce platforms, the Beijing Municipal Bureau of Industry and Commerce issued a demonstration text of the "Beijing Online Commodity Trading Platform Service Contract" on October 25, and will be promoted and used in Beijing from November 1. Industry insiders said that the release of this demonstration text is a powerful guide to the fairness of the legal relationship between e-commerce platforms and sellers, promote further fairness and compliance in the e-commerce market, and may be widely promoted in the Beijing-Tianjin-Hebei region in the next step. (Beijing Business Daily)

　　2. China Business People’s Entry Community Group Buying has covered 20 cities across the country

　　On October 28, the fast-moving consumer goods B2B China Shopping Huimin launched the community group buying project Huigo Go, continuing to focus on the C-end, and has currently covered 20 cities.

　　The same way as the popular community group buying game on the market is that Huigou Go also adopts the "group buying" method, using WeChat mini-programs as an ordering tool, focusing on discounted prices and "group leaders will pick up their own way." However, Huigou Go was transformed by relying on the original community store resources, and there is a huge difference compared to the latter. (Yibang Power Network)

　　3. Children Wang Suzhe adds 3 more smart stores to prepare for Double 11

　　Recently, Child King has added three more stores, located in Wenzhou 5050 Shopping Center, Taixing Wanda Plaza, and Nanjing Hongyang Plaza. So far, Zhejiang Province has opened 21 stores, Jiangsu Province has opened 51 stores, and Nanjing City has opened 11 stores. It is reported that these three stores are G6 smart stores, and before Double 11, the Children's King will usher in a small climax of opening. (Yibang Power Network)

　　4. SF Express’s total consideration for the acquisition of DHL supply chain and logistics is 5.5 billion yuan

　　On October 28, SF Express recently issued an announcement stating that it will acquire 100% of the equity of DHL Supply Chain (Hong Kong) Co., Ltd. and DHL Logistics (Beijing) Co., Ltd., and will integrate DPDHL's supply chain business in mainland China, Hong Kong and Macau. The total consideration of this transaction is RMB 5.5 billion. JPMorgan Chase is SF Holdings' exclusive financial advisor in this transaction. (Chuangyebang)

　　Internet news

　　5. Tianhong Yu'ebao's scale decreased by 130 billion in the third quarter. Ant Financial: Active Diversion Results

　　Tianhong Fund released its Tianhong Yu'ebao Money Market Fund's third quarter report in 2018, showing that the scale of Tianhong Yu'ebao dropped from 1.45 trillion shares to 1.32 trillion shares in the third quarter, a decrease of 130.1 billion yuan. Ant Financial said that users' demand for Yu'ebao has been spread to other connected monetary funds, which also allows the industry to contact money funds and reduce the risk of high concentration of single money funds as a whole. (Huaxia Times)

　　6. It will take 15 working days for ofo to withdraw the deposit period to be extended again.

　　According to news on October 28, it was reported that ofo's deposit refund cycle has been extended from 3 working days to 10 working days, and then to the current 15 working days. The difficulty of the ofo user in refunding deposits has been complained many times. Recently, it has been revealed that "refunding the deposit becomes an annual card". When using the ofo Xiaohuangche APP, the deposit is induced to consume when recharged or refunded the deposit, or becomes an annual card user when recharged the deposit, or is upgraded to an annual card when refunding the deposit. (E-commerce News)

　　7. OPPO realizes mobile phone 5G networking for the first time

　　10月27日，OPPO全球副总裁、中国大陆事业部总裁沈义人在微博上透露，OPPO成功实现了在OPPO手机上的5G上网，在5G手机的研发中，OPPO再一次往前更进一步。（创业邦）

　　8. Didi is interested in exploring hotel business, and the project is in the preliminary investigation stage

　　According to two sources, Didi R-Lab team is currently exploring the hotel business. Previously, the team's main energy was spent on takeout. Since around September this year, senior management has stripped some employees from the takeout team and asked them to experience it in various hotels, including chain hotels and single hotels. In response, Didi's Public Relations Department responded that there is no plan to launch new businesses in the near future. (Financial)

　　Cross-border e-commerce

　　9. News says Amazon cancels Bloomberg advertising

　　According to US media Buzzfeed, citing people familiar with the matter, Amazon has removed its fourth-quarter advertising from Bloomberg's website, and Apple's press conference next week did not invite Bloomberg to report. People familiar with the matter said it was a retaliation by the two companies against controversial Bloomberg coverage. Previously, Bloomberg reported that malicious chips had hacked into Amazon and Apple's servers. Last week, Apple CEO Tim Cook asked Bloomberg to withdraw the report in an interview. (Sina Technology)

　　10. Indian baby products retailer FirstCry plans to raise funds and is negotiating with Alibaba and SoftBank

　　Recently, according to foreign media reports, FirstCry, India's largest baby products retailer, announced that it is negotiating with Chinese e-commerce giant Alibaba and Japan's SoftBank Group, intending to raise at least $100 million to $150 million in a new round of financing. According to three anonymous sources, the exact amount of funds the company wants to raise remains to be finalized, and they did not disclose the specific valuation information of this round of financing. (36Kr)

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