#Laogao E-commerce Newsletter# [November 21 E-commerce Evening News Brief]

　　#Laogao E-commerce Newsletter# [November 21 E-commerce Evening News Brief] Taobao officially released the operating guide preview of the "E-commerce Law"; Cainiao released Tmall Double 11 parcel signing photo: Overseas Russia receives the most goods; IKEA Retail China President: China's consumption upgrade brings more opportunities; Hema CEO apologized for the general manager of Shanghai District to be dismissed on the spot; JD Global Purchase has changed its name to Haitun Global, and has an overseas direct procurement center...

　　E-commerce newsletter

　　1. Taobao officially releases the operating guide preview of the "E-Commerce Law"

　　On the afternoon of November 20, Taobao Rules released a preview of the operation guide for the "E-Commerce Law". The operation guide stated that the "E-Commerce Law of the People's Republic of China" promulgated on August 31 this year (hereinafter referred to as the E-Commerce Law) will officially come into effect on January 1, 2019. Although the implementation details have not been announced yet, we have received many inquiries from sellers and heard some incorrect understandings. In order to avoid misreading everyone, we have prepared a preview of this guide based on the information we have learned and the measures taken in subsequent Taobao plans to allow everyone to operate with confidence. Regarding tax payment issues, the trailer points out that the E-commerce Law does not involve adjustments to tax elements such as tax types and tax rates. Tax-related issues are still implemented in accordance with the "Tax Collection and Administration Law" and relevant regulations. At present, the "Tax Collection and Administration Law" is being revised. After the revision is passed, everyone will be notified as soon as possible about changes in laws and regulations. Please keep your attention. (Taobao rules)

　　2. JD Logistics further promotes follow-up research work of the Urban Intelligent Logistics Research Institute

　　At present, JD Logistics is deeply promoting the follow-up research work of the Urban Intelligent Logistics Research Institute. The Institute will provide the best solutions for urban logistics construction based on smart cities, three-dimensional cities, urban logistics planning, big data analysis, artificial intelligence, cloud computing, etc., open up underground logistics centers, underground corridor transportation, intelligent terminal sites, intelligent community distribution and terminal consumers, form a city-level underground logistics network, transport goods from underground logistics centers to various merchants and terminal consumers, turn underground logistics from concepts to reality, and promote the leapfrog development of urban logistics. (36Kr)

　　3. The lottery releases Tmall Double 11 package signing photo: Russia receives the most goods overseas

　　Statistics from rookies show that Russia has the most exported parcels, followed by Spain and Poland, with Israel, France, the United States, Ukraine, the Netherlands, Italy and the Czech Republic among the top ten. Many countries around the world have achieved "same-day delivery" for Double 11 parcels. (Global Network)

　　4. President of IKEA Retail China: China's consumption upgrade brings more opportunities

　　On November 21, Anna Kulijia, president of Swedish furniture brand IKEA Retail China, said, "Finance 2019 will be the year IKEA has invested the most in China in history, with the investment amount reaching 16 billion yuan, which shows our firm confidence in the Chinese market." Anna Kulijia said that while its business is developing rapidly, IKEA has also felt the huge changes in the Chinese market. The rapid development of urbanization and digitalization, as well as consumption upgrading, provide greater space for IKEA to expand its Chinese market. (Chuangyebang)

　　Internet Information

　　5. Hello Travel connects to Shouqi Car-hailing for more than 60 cities across the country to be launched

　　On the afternoon of November 21, Hello Travel announced today that it will join hands with Shouqi Car-hailing, and simultaneously connect to Shouqi Car-hailing online car-hailing business in more than 60 cities across the country, including Beijing, Shanghai, Hangzhou, Nanjing, Hefei. This is also a new move in the field of big travel after connecting to Didi Travel’s taxi business. After connecting to Shouqi Car-hailing, through the "Taxi" entrance on the Hello Travel App or Hello Travel Alipay mini program, Hello users in more than 60 cities across the country can use Shouqi Car-hailing online car-hailing service. With the continuous upgrading of the business, Hello Travel has also added a simultaneous call function. In cities where Didi Travel’s taxi business and Shouqi’s online car-hailing business are covered at the same time, Hello users can call Didi Taxi and Shouqi’s taxi at the same time. (Sina Technology)

　　6. Hema CEO apologizes for the general manager of Shanghai District to be dismissed on the spot

　　On November 21, Hema Fresh CEO Hou Yi apologized for the "date label for replacing the carrot outer packaging" of the Shanghai store through Weibo, saying that the general manager of Hema Shanghai District was responsible for management and was dismissed on the spot today. The company has begun to conduct self-inspection in all stores to further improve operating standards. (Yibang Power)

　　7. Tencent intends to recommend Thai version of WeChat wallet

　　According to November 21, Tencent currently launches local versions of WeChat wallets in mainland China, Hong Kong and Malaysia. Chen Qiru, vice president of Tencent Financial Technology, said that he is interested in launching WeChat wallets in Thailand in the future, but he needs to discuss the business model again to see whether to cooperate with local institutions to develop. There is no actual launch timetable yet. (E-commerce News)

　　8. Lei Jun: Xiaomi’s overseas revenue accounts for 44%

　　On November 21, Xiaomi CEO Lei Jun revealed at a press conference of the State Council Information Office today that Xiaomi's overseas revenue rose by 112.7% year-on-year in the third quarter of this year, accounting for 43.9% of the total revenue. "Xiaomi has only been in its 8 years since its inception, and its internationalization has progressed rapidly beyond its imagination." Lei Jun revealed that Xiaomi has gone overseas and entered more than 80 national and regional markets, and 30 of which mobile phone markets have entered the top 5, bringing products, technology, management and funds to the local area. (E-commerce News)

　　Cross-border e-commerce

　　9. JD.com Global Shopping has changed its name to Haitun Global, and has an overseas direct purchasing center

　　Recently, JD.com upgraded its global shopping brand "JD.com Global Shopping" to "Haidun Global" and launched a new logo. It is reported that Haidun Global, positioned as the "global direct purchase platform under JD.com", will focus on the direct purchase model of origin, strengthen self-operated direct purchase, highlight the advantages of direct purchase of origin and JD.com distribution. (Titanium Media)

　　10. South Korean e-commerce giant Coupang receives $2 billion in financing

　　South Korea's largest e-commerce company Coupang revealed today that Vision Fund invested $2 billion in it. It was SoftBank’s largest investment since the Khashoggi murder in October last year, and just a few weeks ago, SoftBank’s existing stake in Coupang had been transferred to the Vision Fund. Coupang did not publish its valuation. But the valuation is about $9 billion, sources said. To date, Coupang's total financing amount is US$3.4 billion, and the last round was SoftBank's $1 billion investment in 2015. (Tencent.com)

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