#Laogao E-commerce Newsletter# [November 1 E-commerce Morning Newsletter]

　　#Laogao E-commerce Newsletter# [November 1 E-commerce Morning News] Jack Ma: The world is still full of opportunities, and the times require entrepreneurial spirit; Pinduoduo: It has not been launched in the "Pharmaceutical and Health Center" recently; Tencent and Red Star Macalline reached a cooperation; Alipay "mutual insurance": The hot sales trend is to be observed; China Merchants Bank's official account was fined for the "koi" activity, WeChat: induce attention...

　　E-commerce newsletter

　　1. Jack Ma: The world is still full of opportunities, and the times need entrepreneurial spirit

　　Alibaba Chairman Jack Ma said that reform and opening up has created our generation of entrepreneurs. Entrepreneurs are beneficiaries of reform and opening up, and they must also become promoters of continuing to deepen reform and expand opening up. This era requires entrepreneurial spirit. Entrepreneurs should put the interests of the country first, the future interests first, and the social interests first. Jack Ma believes that the world is always full of opportunities and the future is always worth looking forward to. (Xinhua News Agency)

　　2. Tencent and Red Star Macalline reach cooperation

　　On October 31, Tencent and Red Star Macalline announced a strategic cooperation. This is the first time that Tencent Smart Retail has cooperated with the home furnishing industry after it has made efforts in supermarkets, clothing and other fields. At the press conference, the two parties launched their first cooperative project - IMP Global Home Smart Marketing Platform. The platform uses big data to connect various role scenarios and contents in the home ecosystem, thereby providing users with full-cycle and personalized services for home decoration, and using this to create traffic, and then sharing the traffic with the brand, improving marketing efficiency and reducing operating costs. (E-commerce News)

　　3. Pinduoduo: It has not been launched on the "Medical and Health Center" recently

　　In response to media reports that Pinduoduo tried the waters of medical e-commerce and launched the "Pharmaceutical and Health Center", Pinduoduo responded: 1. Pinduoduo has not launched the "Pharmaceutical and Health Center" recently; 2. The health channel that has been online has been online by third-party "licensed merchants in the field of medicine" in accordance with the law and regulations. The merchant's entry standards and platform governance rules are no different from other e-commerce platforms. (Chuangyebang)

　　4. JD Vice President Li Kefeng: The future of retail is an allies, not an empire

　　On October 31, Walmart, JD.com, JD.com and Tencent jointly released the "Annual Report on the Development of All-channel Integration of China Retail Supermarkets" for the first time. Li Kefeng, vice president of JD.com Group, pointed out that JD.com’s ultimate judgment on the future trend of retail is boundless retail. The future of retail is not an "empire", but an "alliance". Each participant clearly defines his or her "building blocks" and continuously optimizes them. In the end, different building blocks are combined together to evolve into an infinite scene of boundless retail. (Securities Daily)

　　Internet news

　　5. China Merchants Bank’s official account was fined for the “koi” activity. WeChat: Induce attention

　　On the evening of October 31, it was rumored that the official WeChat account of China Merchants Bank was blocked! There was also a picture rumored at the same time, showing that the official account could not be followed due to violations.

　　The reporter quickly verified and finally learned from an official WeChat person close to the WeChat official that China Merchants Bank's behavior of inducing attention to the WeChat machine to automatically identify the attention function, and the other functions can be used normally. The situation that cannot be followed is for WeChat users who have not followed the official account of China Merchants Bank before.

　　At present, China Merchants Bank’s WeChat official account has returned to normal. (Meijing.com)

　　6. Ofo calls bankruptcy and reorganization nonsense and remains independent

　　According to November 1st, media reported recently that a large brokerage intermediary agency has entered the market to carry out ofo's bankruptcy and reorganization plan. Regarding this rumor, the relevant person in charge ofo called it "nonsense". Ofo is still operating independently, and all businesses are being promoted normally and orderly. (E-commerce News)

　　7. Alipay "mutual insurance": the hot sales trend is to be observed

　　An Internet insurance product called "Mutual Insurance" launched by Alipay has become popular recently. Ant Financial data shows that since the product was launched on October 16, the number of users has exceeded 10 million in 9 days; as of October 31, more than 14 million people have joined. In this regard, industry insiders said that the low threshold of "mutual insurance" can indeed solve the basic security needs for some people, and it takes more time to observe its future development and sustainability. (Economic Observer)

　　8. Lenovo's first unmanned store officially opened

　　On October 31, at the Lenovo Smart Retail New Species Experience Conference and Channel Sharing Forum held in Beijing today, Lenovo announced that the first Lenovo Laiku Unmanned Store, the brand-name Cool Technology, was officially opened. As early as July, Lenovo's Cool Unmanned Store began trial operation. Lenovo plans to promote the deployment of 5,000 smart vending containers in the next three years. (E-commerce News)

　　9. Rwanda will cooperate with Alibaba to build eWTP

　　November 1st news, last night, the Rwandan government signed a memorandum with Alibaba Group in the capital Kigali, that Rwanda will cooperate with Alibaba to build eWTP, which is the first time that eWTP has been implemented in African countries. Unlike the previous trading system that mainly serves large enterprises, eWTP aims to establish an inclusive global trading system and rules. Promote global inclusiveness of trade, tourism, training and technology, so that small and medium-sized enterprises, young people and women around the world can participate in global trade equally and conveniently. (E-commerce News)

　　Cross-border e-commerce

　　10. ebay released its third quarter report: revenue of US$2.649 billion increased by 6% year-on-year

　　According to reports on October 31, eBay released its third-quarter financial report for fiscal year 2018, with revenue in the quarter of US$2.649 billion, a year-on-year increase of 6%; net profit was US$721 million, a year-on-year increase of 39%; diluted profit per share was US$0.73, a year-on-year increase of 52%. U.S. stocks closed on Tuesday, with eBay at $27.42, up 2.24%. (financial)

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