#Laogao E-commerce Newsletter# [November 23 E-commerce Evening News]

　　#Laogao E-commerce News# [November 23 E-commerce Evening News Brief] Jack Ma: Tmall's name means "The cat has nine lives"; Double 11 mobile e-commerce data: mini programs have become a "new battlefield" to make money; D&G founder apologized: I'm sorry in Chinese, saying that I'm doing my best to respect Chinese culture; ofo launched a new form of deposit refund - "upgraded assets"; Tencent and Alibaba's profit map, investment accounts for one-third...

　　E-commerce newsletter

　　1. Double 11 mobile e-commerce data: Mini programs become a "new battlefield" for money-making

　　According to November 23, QuestMobile recently released a report on Double 11 insights for mobile e-commerce. The report shows that with the explosive growth of mini programs, e-commerce platforms also attach great importance to this money-making land, and mini programs have also become another "battlefield" of the "Double 11" e-commerce war. During the week of "Double 11", Suning.com's active users increased significantly, surpassing the Mogujie Women's Clothing Mini Program, which was originally above it. In addition, JD.com shopping mini program is also continuing to attract new products, and the number of active users is close to that of Pinduoduo mini program. (Xinhuanet)

　　2. Bloomberg: China's retail industry will further integrate

　　Bloomberg Industry Research recently released a report on the consumer goods industry in the Asia-Pacific region titled "China Leads Smart Retail". The report emphasizes that food retail will become the next frontier hotspot in China's e-commerce, and it is expected that in the next decade, the entire food retail industry will face an industry resource integration.

　　Bloomberg senior analyst Shen Li said, "Internet platforms and offline retailers can complement each other's advantages, so that they can benefit from cooperation and improve their respective strategic positions. In the future, China's retail industry will be further integrated." (Sina Finance)

　　3. The founder of D&G apologized: I'm sorry in Chinese, saying that I'm doing my best to respect Chinese culture

　　Dolce & Gabbana posted videos of the apology of the two co-founders on Chinese Weibo. In the apology video, the two co-founders said that in the past few days, they have seriously reflected on everything their words and deeds have brought to the Chinese people and the country, and are very sad. "Our family education teaches us that we must respect different cultures in the world. In this regard, in the face of our cultural bias, I hope you will forgive you." (The Paper)

　　4. Investment accounts for one-third of the profit territory of Tencent and Alibaba

　　According to the Financial Times, Tencent has invested in nearly 750 companies, while Alibaba has also invested in about 350. There is another unexpected gain for this type of investment: a lot of data. By investing in service providers such as Meituan Dianping and Ele.me and integrating them into their own platforms, Alibaba and Tencent have accumulated more consumer data and potential customers for their respective payment applications. Of Tencent's profits in 2017, investment income accounted for 22%. Alibaba's investment income accounted for 30% in fiscal 2017. Both companies have long been keen on acquisitions. (Sina Finance)

　　5. Jack Ma: Tmall’s name means “Cat has nine lives”

　　On November 23, Jack Ma explained in detail the origin of Alibaba, Tmall, Ant Financial and other names at the 2018 Alibaba alumni meeting: Alibaba is the one that we open Sesame. On the first day, we said that we should open Sesame for all small businesses in the world, so that there is no difficult business in the world; Tmall, cats have nine lives, we will lose again and we can still bear it; Ant Financial, Ants, unity is strength, and Ants themselves symbolize thousands of ants-like enterprises. (E-commerce News)

　　Internet Information

　　6. WeChat and InterContinental open a hotel in Shanghai, and you can access it remotely through WeChat.

　　WeChat has reached a cooperation with InterContinental Hotel and opened a smart hotel in Shanghai. Customers can book rooms with WeChat, remote check-in, use mobile phone key cards, and order breakfast. These services can be completed without manual assistance. Once the reservation is completed on your phone, the passenger can verify his identity through facial recognition and receive an electronic key card. (Pinwan)

　　7. ofo launches a new form of deposit refund - "Asset Upgrade"

　　On November 23, screenshots of the online rumor showed that the shared bicycle company ofo launched a new form of refunding deposits - "upgrading assets". The activity description pointed out that users who pay 99 yuan ofo deposits can "upgrade one click" and become new users of PPmoney, and convert the 99 yuan deposit into 100 yuan PPmoney specific assets. After the upgrade is successful, users can enjoy the benefits of 8%+8% of the historical annualized profit. The lock-up period is 30 days. Users can apply for exit after the lock-up period expires. After the exit is successful, they can obtain the corresponding principal and interest. (Sohu Technology)

　　8. Meituan Dianping closed down nearly 12%, the biggest drop since its listing

　　Hong Kong's Hang Seng Index closed down 0.4% to 25,927.68 points. Meituan Dianping was HK$56.05, closing down 11.79%, the largest drop since its listing, with a turnover of more than HK$1 billion. Previously, Meituan's financial report showed that its revenue in the third quarter was 19.08 billion yuan, a year-on-year increase of 97.2%, with an adjusted net loss of 2.46 billion yuan, compared with an adjusted net loss of 960 million yuan in the same period last year. (36Kr)

　　Cross-border e-commerce

　　9. Shopee expects annual GMV to reach US$9.2 billion to US$9.7 billion

　　On November 23, Shopee's parent company Sea e-commerce business GMV (total commodity transaction volume) in the third quarter was US$2.7 billion, an increase of 152.7% from US$1.1 billion in the third quarter of 2017; the total number of orders in the quarter reached 159 million, an increase of 140.5% from 65.9 million in the third quarter of 2017. It is estimated that the GMV of e-commerce platforms in 2018 will be between US$9.2 billion and US$9.7 billion, a growth of 123.7% to 135.9% over 2017. (Yibang Power Network)

　　10. Amazon's new headquarters has many administrative and human resources positions: only half of the technical positions

　　On November 23, officials from New York and Virginia both said that only half of Amazon's new headquarters established in both places are technology-related positions. New York City officials said Amazon plans to plan at least 25,000 jobs for its new headquarters in Long Island, Queens, New York, with 12,500 of which will be technology jobs. Eleni Bourinaris-Suarez, deputy director of the government's public relations at the local Economic Development Bureau, said the other half were "administrative management positions, security personnel, human resources positions, etc.." (36Kr)

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