#Laogao E-commerce Newsletter# [October 29 E-commerce Evening News Brief]

　　#Laogao E-commerce News# [October 29 E-commerce Evening News Brief] South African media person interviewed Jack Ma: Jack Ma is extremely inspiring but extremely humble; SF Express’s “Fengsu GO” is launched, focusing on bonded + new community retail model; it is said that Didi’s valuation has dropped to a minimum of US$50 billion; family parenting brand “Qinbaobao” has completed a C round of financing of hundreds of millions of yuan; Ant Short-term Rental is fully launched overseas housing sources...

　　E-commerce newsletter

　　1. South African media interview with Jack Ma: Jack Ma is extremely inspiring but extremely humble

　　Last Friday, Jack Ma was invited by South African President Ramaphosa to attend the first South African investment conference, and later accepted an exclusive interview with South African legendary media person Shanon Ibrahim, and published an article titled "May We All Be as Humble as Jack Ma." In the interview, the two discussed topics such as entrepreneurship, retirement, and life. Jack Ma talked about his entrepreneurial insights over the past 19 years and responded to why he announced his retirement. He said, "I am not working for money or for the sake of fame, but working for happiness, doing the right thing, and being happy at the same time." (Sina Technology)

　　2. SF Express’s “Fengsou GO” is launched, focusing on bonded + community new retail model

　　Recently, SF Express announced the launch of its first "bonded + community new retail" project "Fengsou Go" in Shenzhen, which will be launched in three SF Express stores in advance. This model moves the store from a remote bonded area to a residential community for citizens. Overseas goods can be out of the area with guarantee, citizens can buy their favorite goods more conveniently, and enterprises can also speed up the flow of goods and funds. In the future, through the integration of community physical stores, cross-border e-commerce and logistics to home, the "Fengsu GO" model will accelerate the replication. (Lianshang.com)

　　3. Starbucks' "Stars Delivery" has entered 11 major cities across the country

　　According to October 29, in September 2018, Starbucks launched the official online meal ordering service "Star Delivery", which recently added 9 new cities to the covered area map. They are Guangzhou, Shenzhen, Tianjin, Nanjing, Hangzhou, Chengdu, Wuhan, Ningbo and Suzhou. So far, Starbucks special stars have been sent to 11 major cities across the country. (36Kr)

　　4. Family parenting brand "Qinbaobao" completed a C round of financing of hundreds of millions of yuan

　　On October 29, the family parenting brand "Qinbaobao" announced that it had completed a C round of financing of hundreds of millions of yuan, led by Future Future, followed by the A round investor Shunwei Capital and the B round lead Fosun International, and Fanzhuo Capital serves as the exclusive financial advisor. After this round of financing, Qinbaobao will deepen its strategic layout and continuously improve the upgrades in products, education, brands, etc., so as to better provide better parenting services for young families. (Yibang Power Network)

　　Internet Information

　　5. It is said that Didi's valuation has dropped to a minimum of US$50 billion

　　According to people familiar with the matter, some of Didi Chuxing's stocks changed hands in private transactions, and the transaction price showed that the company's valuation was between about $50 billion and $52 billion. Compared with the company's valuation at the end of 2017, the current valuation has dropped significantly. At that time, Didi Chuxing received $4 billion in financing from investors such as SoftBank in Japan at a valuation of $56 billion. Regulatory documents show that some investment funds have written down the value of their Didi shares in recent months. (Sina Technology)

　　6. Ant Short-term Rental is fully launched overseas housing sources

　　On October 29, recently, the domestic special homestay and short-term rental apartment booking platform Ant Short-term Rental has been fully launched overseas housing, and overseas special topics will be added on the homepage of the APP. At that time, there will be more than 100,000 units, covering 565 overseas destinations for Ant users to book and choose. It is reported that this launch is the opening of the inventory of Ant and Tujia overseas housing units. From then on, Tujia overseas landlords can sell their homestays through Ant, and users can also book their favorite Tujia overseas homestays on the Ant platform. (E-commerce News)

　　7. Ele.me was accused of misappropriating its merchant license and found that it was the store involved in the offline operation.

　　On October 29, since most small and medium-sized shop owners were not very good at using the Internet, these shop owners handed over the business license and other store information to the marketing managers in Ele.me for registration. However, many shop owners have found that their information was used by other shops. Once this matter is complained, the result is that the shop involved will be offline together. Previously, there was news that some merchants on Ele.me obtained food business licenses through intermediary, and there was a large amount of actual information on the Ele.me platform that did not match the disclosed business information, Ele.me immediately went offline to the store involved. (Investor's News)

　　8. Kuaishou and Hubei Tianmen City reach strategic cooperation

　　On October 29, Kuaishou Technology reached a strategic cooperation with Tianmen City, Hubei. The two parties will work together to create the Kuaishou government affairs matrix, customize Tianmen city short video promotional videos, launch Tianmen's "steaming" cultural theme activities, create Tianmen's characteristic tourism routes, and build a new channel for cauliflower marketing. They will help Tianmen carry out all-round promotion, promote the industrial upgrading of the cauliflower hometown, and enhance Tianmen's popularity and reputation at home and abroad. (Titanium Media)

　　Cross-border e-commerce

　　9. Sam Member Store, a subsidiary of Walmart, launches smart store

　　On October 29, according to foreign media reports, Walmart, the largest retailer in the United States, announced on Monday that its Sam's Club will open a test store called "Sam's Club Now" in Dallas. Shoppers will purchase all items on their smartphones, and can also use their smartphones to create shopping lists and guide themselves to find the location of the items they want to buy.

　　The test store has a size of only 32,000 square feet (about 2,973 square meters), which is one-quarter of the size of the average Sam's membership store. The store will also offer electronic shelf labels, instant price updates, and an augmented reality display.

　　Walmart did not disclose the specific opening time of "Sam's Club Now", but said that it was "very close to opening." (Titanium Media)

　　10. Amazon China opens overseas shopping festival to grab the end of the year

　　On October 29, Amazon China announced today that it will officially launch the fifth "Overseas Shopping Festival", which will last from now until December 2, 2018, spanning four major stages: Amazon China Prime membership service second anniversary celebration, November 11, "Black Friday" and "Cyber ​​Shopping Monday". (Yibang Power Network)

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