#Laogao E-commerce Newsletter# [November 9 E-commerce Morning News]

　　#Laogao E-commerce Newsletter# [November 9 E-commerce Morning News] Alibaba CEO Zhang Yong: Cloud computing will become the main business in the future; JD.com released the "11.11" data yearbook: Consumers purchase goods tend to be of quality; Pinduoduo Huang Zheng: AI+5G will bring huge changes to agriculture; Heytea's first overseas stop, Singapore store will open on Saturday; ofo's office building has been repeatedly patronized by debt collectors, and the cooperative suppliers say that business cooperation has long been terminated...

　　E-commerce newsletter

　　1. Alibaba CEO Zhang Yong: Cloud computing will become the main business in the future

　　Alibaba CEO Zhang Yong said in an interview with CNBC that cloud computing will become the company's "main business" in the future. Zhang Yong said: "We firmly believe that every business in the future will be powered by the cloud. We are very happy to build this cloud infrastructure in a new digital age and support all businesses." He added: "I think cloud computing will become... Alibaba's main business in the future." As of the quarter ended September 30, Alibaba's cloud computing business revenue increased to RMB 5.67 billion, a year-on-year increase of 90%. (Sina Finance)

　　2. JD.com releases the "11.11" data yearbook: Consumers tend to become more quality when purchasing goods

　　On November 8, JD Big Data Research Institute released the "Ten Years of E-commerce: 2008-2017 "11.11" Data Yearbook". The report pointed out that the e-commerce carnival has witnessed the leapfrog changes in China's economy, and people's demand for a better life can also be better met through e-commerce platforms. Big data shows that the amount of orders placed during November 11, 2017 (11.1-12) exceeded 1,000 times that of the same period in 2008. Especially in the past five years, the amount of orders placed by users during November 11 has continued to maintain high growth. TechWeb)

　　3. Pinduoduo Huang Zheng: AI+5G will bring huge changes to agriculture

　　During the 5th World Internet Conference, Huang Zheng, founder and CEO of Pinduoduo, said that the combination of changes in social demand and technological development will produce a new "semi-planned economy". The significant optimization of consumers' personalized demand and supply chain will spawn large-scale customized production and promote the gradual transformation of front-end production capacity from a market economy to a "semi-planned economy". Huang Zheng emphasized that especially in the agricultural field, the application of new technologies such as artificial intelligence and 5G will bring huge changes that have not happened in the past 30 years to the production and circulation of agricultural products. (36Kr)

　　4. Heytea's first overseas stop, Singapore store will open on Saturday

　　Heytea's first overseas store is located in ION, Orchard Road, Singapore. It is reported that in order to cope with the queuing situation, the above-mentioned store has more than 20 clerks. The products launched include Cheese Golden Phoenix Tea King, Full Cup Fruit Series, etc., and two ice creams are also launched, namely durian ice cream and salted egg yolk ice cream. It is reported that ice cream is priced at 4.8 Singapore dollars, which is approximately RMB 24. At present, Heytea has opened more than 110 stores in 17 cities in China, and its Singapore store is expected to be officially opened on November 10. (Europe)

　　Internet news

　　5. DingTalk CEO believes that the digital economy will become the absolute mainstream in the future

　　On November 9, at the 5th World Internet Conference recently held, Alibaba DingTalk CEO Chen Hang (nickname: Wu Zhao) said in his speech that in five years, the digital economy will become the absolute mainstream and there will be no longer a distinction between the digital economy and the traditional economy. Wu Zhao believes that the digital economy has become a new engine of economic growth and will further penetrate into all aspects of social and economic life. Although everyone has different understandings and definitions of the digital economy, the digital economy is the general trend. In five years, digitalization will be fully popularized in enterprises, and there will be no more distinction between digital economy and traditional economy. (E-commerce News)

　　6. Ofo's office building was repeatedly patronized by debt collectors, and the cooperative supplier said that the business cooperation had long been terminated.

　　When the reporter stepped forward to ask about the identity of a staff member who walked out of ofo's office, the staff member asked, "Are you here to ask for money?" It is understood that ofo is still in litigation due to funding issues. Previously, Shanghai Phoenix issued an announcement to sue ofo, saying that as of the date of the lawsuit, Dongxia Datong still owed Phoenix Bicycle 68.1511 million yuan in payment. Another battery-related supplier said that ofo has not paid back the money yet and its business transactions stopped half a year ago. He also said that most suppliers have stopped working with ofo's business. (Securities Daily)

　　7. Alibaba Pictures' net operating loss in the first half of the year was 154 million yuan, which narrowed significantly year-on-year

　　According to November 9, Alibaba Pictures Group released its half-year financial results as of September 30, 2018. During the reporting period, Alibaba Pictures' operating income reached 1.532 billion yuan, an increase of 29.4% from 1.184 billion yuan in the six months of last year; its net operating loss was 154 million yuan, a sharp narrowing of 64.1% compared with 431 million yuan in the same period last year. (E-commerce News)

　　8. Hillhouse Zhang Lei talks about Ma Huateng: Don’t reply to news at a dinner date, and you will get back after talking about product bugs in ten seconds

　　The 5th World Internet Conference is in Wuzhen. At the Entrepreneur Summit Forum held this afternoon, Zhang Lei, founder and CEO of Hillhouse Capital Group, talked about his feelings about Ma Huateng: "I have known Huateng for more than ten years, and as an investor for more than ten years. My biggest feeling is that Pony protects users like protecting their own family and children.

　　I usually don’t reply to any dinner when I ask him for several days. If I tell him which bug or product, he will reply to you in ten seconds, and always put the care of users first. I’m very happy to hear that you have applied AI financial-level technology to the protection of children. ” (Titanium Media)

　　Cross-border e-commerce

　　9. Lanting Jishi acquires cross-border e-commerce platform Ezbuy for US$85.55 million

　　On November 8, Yibang Dynamic learned that Lanting Jishi announced the implementation of a stock purchase agreement and will strategically acquire 100% of the equity of Singapore's leading cross-border e-commerce platform Ezbuy.

　　Under the terms of the stock purchase agreement and as part of a long-term strategic deal aimed at greater synergy with the company's existing business, Lanting Jishi agreed to acquire 100% of Ezbuy's equity in the form of an interest-bearing one-year convertible promissory note for US$85.55 million. If the stock price of Lanting Jishi exceeds US$3.85 for three consecutive trading days within the term, the convertible promissory notes will be automatically converted into 22,220,779 shares of Lanting Jishi American Depositary Receipts. If the price fails to reach, Lanting Jishi may be obliged to issue an additional 22,220,779 ADCs in the form of a combination of cash and securities at the end of the year (Tencent Technology)

　　10. Tmall Double 11th imported brands set record pre-sales

　　On November 8, pre-sale data from Tmall International showed that the order volume of various imported goods has surged. Among them, imported hair removal devices, which are widely favored by women, increased by 210% year-on-year, men's beauty care increased by 203% year-on-year, pet pre-sales increased by 240% year-on-year, and vacuum cleaners represented by Dyson reached 600%. (Yibang Power Network)

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