#Laogao E-commerce Newsletter# [November 15 E-commerce Evening News]

　　#Laogao E-commerce News# [November 15 E-commerce Evening News Brief] Ministry of Commerce: Online retail transaction volume on Double Eleven exceeded 300 billion yuan, a record high; Handu Yishe hit IPO and entered the counseling period; Lotte Mart supports Alipay payment; ofo was included in the person subject to execution by many courts; Meituan responded to "closing time-sharing leasing business": business adjustment needs...

　　E-commerce newsletter

　　1. Ministry of Commerce: Online retail transaction volume exceeds 300 billion yuan on Double Eleven, setting a record high

　　Gao Feng, spokesperson of the Ministry of Commerce, said today that according to the monitoring of business big data, the national online retail transaction volume during this year's Double 11 period exceeded 300 billion yuan, an increase of about 27% year-on-year, setting a new record high. Gao Feng also said that my country's online retail market mainly showed several characteristics: First, the degree of internationalization has been further improved; Second, consumption extends to young people and residents of third- and fourth-tier cities; Third, brand consumption trends are obvious, consumers are more inclined to buy well-known brand products, and Chinese brands are more popular. (Penguin)

　　2. Alibaba Group responded to "mutual protection" and was interviewed: It is currently operating normally

　　On November 15, since Internet companies launched similar products of "mutual insurance", regulatory authorities have received complaints from multiple traditional insurance companies, and Alibaba's "mutual insurance" is rumored to be in the interview with the regulator. In response, Alibaba-based company Xinmei responded to each other that the company actively reported to the regulators and that the mutual insurance is currently operating normally. The reporter learned that the insurance regulatory authorities have maintained high attention to this new model innovation and are conducting research on it, and no clear regulatory opinions have been given yet. (NetEase Finance)

　　3. Handu Yishe has entered the tutoring period

　　According to news on November 15, it was reported that Handu Yishe is currently in the IPO counseling period and is preparing to attack the IPO for the first time. It is understood that on April 29, 2016, Handu Yishe officially applied for listing on the New Third Board. In July of the same year, Handu was listed on the New Third Board, becoming the "first stock on Taobao brand listing." On December 5, 2017, Handu E-commerce disclosed a reminder announcement, saying that the company had entered the guidance stage of IPO and listing. (Sohu Finance)

　　4. Hillhouse Capital reduces its holdings in Alibaba in the third quarter and has newly entered Pinduoduo

　　On November 17, according to the Securities and Exchange Commission documents, Hillhouse Capital cleared its holdings in Baidu, NetEase, TripAdvisor and Electricity Technology in the third quarter of 2018; it entered the Pinduoduo, Nike, Apple, Bilibili, Google, Amazon, and MSCI indexes; it significantly reduced its holdings of Alibaba by more than 90% of its holdings, Netflix by nearly 90% and nearly 80% of its holdings in Huya Times, and iQiyi, Facebook, and 58.com respectively cut 40%-50% of its holdings. The holdings of JD.com, Snap, Moody's and other companies remain unchanged. (Tencent Technology)

　　5. Lotte Mart supports Alipay payment

　　South Korean media said that according to South Korea's Lotte Mart on the 14th, Lotte's large-scale promotion is about to begin. Lotte Mart supports Alipay scanning code payment from the 15th to facilitate shopping for Chinese tourists. According to Yonhap News Agency, Seoul on November 14, after Lotte Mart first introduced Samsung Smart Pay in September 2015, it has successively introduced mobile payment services such as L.Pay, Kakao Pay, and LG Pay. (Reference message)

　　Internet Information

　　6. ofo is included in the person subject to execution by multiple courts

　　On November 15, ofo has been included in the list of persons to be executed in multiple lawsuits due to being involved in multiple lawsuits, including the Beijing No. 1 Intermediate People's Court, the Beijing Haidian District People's Court and other courts, involving more than 53.6 million yuan in execution subjects. It is understood that ofo founder and CEO Dai Wei said at the general meeting on the 14th that ofo will not go bankrupt, and other acquisitions and mergers are possible, which also means that Dai Wei has finally given up his obsession with independent development. (E-commerce News)

　　7. Alibaba Health joins hands with Alipay to further integrate medical resources

　　On November 15, Alibaba Health issued an announcement stating that it has signed a three-year strategic cooperation agreement with Ant Financial's subsidiary Alipay. According to the strategic cooperation agreement, Alibaba Health will set up an independent medical and health service channel on the Alipay client to fully manage and operate the medical and health industry partners in the channel. At the same time, by continuously introducing new medical institutions and health service institutions, we will provide users with more comprehensive medical and health services and products on the Alipay platform. (Europe)

　　8. Meituan responded to "shut down time-sharing leasing business": business adjustment needs

　　According to news on November 15, Meituan has recently closed its time-sharing leasing business that has been operating for nearly a year. A person familiar with the matter said that the reason why Meituan closed this business was mainly because "the business model cannot be run and it is difficult to achieve profitability." In response, 36Kr asked Meituan official to verify that due to business adjustment needs, Meituan Car Rental will no longer provide services in Pi County, Sichuan, and will stop the pilot operation of time-sharing rental. The user account balance in the APP has been reissue to fully protect the interests of users. (Meijing.com)

　　9. Uber classified 21 categories of sexual harassment

　　On November 12, Uber, together with the National Center for Sexual Violence Resources and the Urban Institute, released a classified report on 21 types of sexual misconduct and sexual assault. These 21 categories range from light to heavy, from "focusing on or leaning on" to "unconsensual sexual assault". The sources of cases used for classification are all complaint reports received by Uber. Uber hopes to allow passengers and drivers to clarify and quantify the seriousness of sexual harassment, which can play a positive role in subsequent rights protection. (Curiosity Daily)

　　Cross-border e-commerce

　　10. Beilai Youpin received 25 million Pre-A round of financing Zhongdi Capital Investment

　　On November 15, Yibang Power learned that Chongqing Beilai Youpin International Trade Co., Ltd. (hereinafter referred to as Beilai Youpin) announced today that it had completed a 25 million yuan Pre-A round of financing, invested by Shanghai Zhongdi Investment Co., Ltd. (hereinafter referred to as Zhongdi Capital).

　　Wang Song, CEO & founder of Bele Youpin, said that this round of financing will be used to: 1. Vigorously develop the city partner plan; 2. Optimize all links of the supply chain and further clear the import channels of overseas goods; 3. Shorten the import process and improve the intermodal transportation system of overseas warehouses, domestic warehouses, and bonded warehouses. Through the above three aspects, we can accelerate the expansion of the consumption upgrading market. (Yibang Power Network)

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