#Laogao E-commerce Newsletter# [November 7 E-commerce Morning News] Alibaba and Feng's Retail reached a cooperation to integrate the online and offline advantages of both parties; Jack Ma predicted that unlike B2B and B2C, the future will be C2B model; Xiaomi Youpin officially entered JD.com; Tmall's son was born: 1/75 million, with a total bonus of over 100 million; China Consumers Association: solicited cross-border online shopping on "Double 11" to infringe on consumer rights issues...
E-commerce newsletter
1. Alibaba and Feng's Retail reached a cooperation agreement to integrate the online and offline advantages of both parties
On the evening of November 6, Alibaba Group and Feng's Retail Group jointly announced the strategic cooperation at the site of the first China International Import Expo held in Shanghai today. Alibaba will mainly provide new retail channels for brands including Tmall and Intime, and Feng's Retail will provide more offline channel support. The two sides will integrate their advantages online and offline, and are committed to helping more brands leading the lifestyles around the world successfully enter China.
At the signing ceremony, Alibaba Group CEO Zhang Yong said: "Alibaba is very honored to start a comprehensive strategic cooperation with Feng's Retail Group during the historic Import Expo. We hope that Alibaba's basic new retail capabilities, data, technical capabilities and Feng's huge brand and supply chain resource advantages can be deeply integrated, helping more global brands enter the Chinese market and achieve success, and opening a new chapter of new retail." (E-commerce Daily)
2. Jack Ma predicts: Unlike B2B and B2C, the future will be C2B model.
On November 6, Alibaba Chairman Jack Ma said when attending the "Trade and Innovation Parallel Forum" at the China International Import Expo that with the development of technology, no matter big or small enterprises, or even individuals, will participate in global trade in the future. Jack Ma predicted that "the future is Internet manufacturing, and we will see 95% of trade completed online. Unlike the current B2B and B2C, the future will be a C2B model." (TechWeb)
3. Xiaomi Youpin officially settled in JD.com
On the evening of November 6, JD.com and Xiaomi’s boutique life e-commerce platform Xiaomi Youpin signed a strategic cooperation agreement in Beijing, carrying out in-depth cooperation from multiple aspects such as selected product entry, third-party brand incubation, reverse customization of products, logistics, etc., to jointly provide consumers with high-quality products and services.
It is understood that Xiaomi Youpin has officially settled in JD to open an official flagship store, bringing many high-quality products in all categories such as home, daily necessities, kitchens, home appliances, intelligence, audio and video, clothing, travel, cultural and creative, health, diet, washing and care, luggage, babies, etc., and the full range of products contributed to JD.com's 11.11 Global Good Products Festival. This is also Xiaomi Youpin's first cross-platform cooperation with the outside world. (E-commerce News)
4. Alibaba CEO Zhang Yong: I hope to use digital methods to help more overseas brands enter China
At the first China International Import Expo, Alibaba Group CEO Zhang Yong said that now all overseas brands want to come to China, and all brands want to succeed in China, but how to succeed requires a golden key. In his opinion, Alibaba hopes to play a unique role in the middle. Using such a digital platform, these products can not only be distributed to China and wholesale to China through the original methods, but more importantly, they can reach every Chinese consumer and every family through digital methods. TechWeb)
5. JD.com will release its third quarter financial report for 2018 on November 19
JD.com announced today that it will release its third quarter 2018 financial report before the opening of the U.S. stock market on November 19, 2018 (evening November 19, Beijing time). After the financial report is released, the JD management team will hold an analyst conference call at 7 a.m. Eastern Time on November 19 (8 p.m. Beijing time on November 19), interpreting the financial report results and answering analyst questions. (Sina Technology)
Internet news
6. Ding Lei: Good platforms are Double 11 every day, don’t tighten your belt to buy things
When asked how he viewed Double 11, Ding Lei believed, "You don't need to choose that day. You tighten your belt and count your wallet to buy things. You must make it Double 11 every day." He also laughed and said that these words were not easy to say to Jack Ma. Ding Lei also believes that artificial intelligence is definitely the future, "just like the Internet twenty years ago, don't even think about it." Just like China is the country with the most innovations in the Internet, because China's artificial intelligence scenarios are the most widely used, China will also be the best country in the world for artificial intelligence. (Sina Technology)
7. Zhou Hongyi: 360 security brain technology is constantly being updated and developed
The 5th World Internet Conference will be held in Wuzhen, Zhejiang from November 7 to 9. Zhou Hongyi, Chairman of 360, said about 360's security brain, which is mainly promoted this year, that he does not recognize the doubts that have existed in related technologies in the early years. Zhou Hongyi believes that technology is constantly updating and developing. (Sina Technology)
8. Luo Yonghao: Hammer Chengdu Company has not been dissolved, and it is a adjustment and integration of R&D personnel.
Smartisan Technology held a new product launch conference in Chengdu. Luo Yonghao, founder of Smartisan Technology, said that there had been rumors outside that "Xiazi Technology's Chengdu company went bankrupt". In fact, the Chengdu company did not go bankrupt, and the company only integrated and adjusted R&D personnel. He explained that the same project in the company was previously in operation, and its R&D personnel were distributed in several places, which affected the actual operation. To this end, the company made personnel adjustments, and he joked that the integration will continue, and there may be rumors that the outside world will go bankrupt again. (Tencent Finance)
9. The birth of Tmall Double 11 son: 1/75 million, with a total bonus of over 100 million
At 11:11 on November 1, Tmall’s official Weibo post published a Weibo post "I wish you the strongest confession of C position in the universe!", announcing a new round of "Chinese Koi" activity, which will draw a Tmall Double 11 son on November 6. In addition to sending his voice to the sky through satellites, it also provides "epic" confession of C position resources. As of the time of the lottery, this Weibo post has been retweeted nearly 75 million times. TechWeb)
Cross-border e-commerce
10. China Consumers Association: Soliciting clues on cross-border online shopping on "Double 11" to infringe on consumer rights
According to foreign media reports, Amazon's future looks much more complicated than selling products on the Internet alone. Last week, Amazon Go, an unmanned convenience store under the company, opened in San Francisco. It will also open another store in San Francisco later this year. In 2019, Amazon plans to open more stores in Chicago and New York. Coupled with Amazon’s acquisition of Whole Foods last year, these unmanned convenience stores have shown us the prototype of a future hybrid retail model that Amazon can use to expand from e-commerce to physical shopping in restaurants, grocery stores and other areas. (E-commerce News)
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