#Laogao E-commerce Newsletter# [E-commerce Morning News on December 3]

　　#Laogao E-commerce Newsletter# [E-commerce Morning News on December 3] Jack Ma: Many companies only believe in gambling and all in; Toutiao’s e-commerce layout has another step: maybe add a new shopping channel; Suning Sun Weimin: does not agree with "new retail", the future should be "smart retail"; ofo reduces traffic diversion fees and cooperates with 9 online lending platforms; Marriott Hotel information leakage incident: may face huge fines...

　　E-commerce newsletter

　　1. Jack Ma: Many companies only believe in gambling and all in

　　When talking about the former "theory of the trend" at the Zhejiang Business Association, Jack Ma said that many small companies have obtained valuations of billions of dollars based on just a few employees and stories, which is not a good phenomenon. Nowadays, few companies can get bigger and better, because many people always believe in gambling and all in. (Sohu.com)

　　2. Suning Sun Weimin: Don’t agree with “new retail”, the future should be “smart retail”

　　At the 2018 Chinese Enterprise Leaders Annual Meeting, Sun Weimin, Vice Chairman of Suning.com Group, said that as a competitor, he does not agree with the term "new retail" proposed by Jack Ma, but objectively speaking, retail does have some new changes at this point in time. Contrary to "new retail", Suning proposed the concept of "smart retail". Sun Weimin said, "We are not saying that we have to argue that it is different from others." He thinks that smart retail is more in line with future development, and the saying "new retail is called reshaping people or markets" is wrong. (Sina Finance)

　　3. Another step in the layout of Toutiao e-commerce: may add a new shopping channel

　　On December 2, the Xian Life Channel in the Toutiao App released a channel upgrade notice. The channel will be fully upgraded to a "value point" on December 9. This may mean that Toutiao will officially open a new "shopping channel" in the App.

　　This channel upgrade includes two modules:

　　1. Category upgrade, focusing on "good things break through low prices". The upgrade includes adding modules of 2 "flash sale" and "free shipping for 9.9 yuan".

　　2. Service upgrade, focusing on "more comprehensive and better understanding of you". "Comprehensive" refers to the upgrade of viewing orders and searching experience. And "understand you" refers more to "personalized recommendation". (Yibang Power Network)

　　4. Yu Yu, Chairman of Dangdang.com: Dangdang is accelerating its expansion, without bank loans and asset pledges

　　At the 2018 Chinese Enterprise Leaders Annual Meeting, Yu Yu, chairman and co-founder of Dangdang.com, said that Dangdang is currently a completely private company, with no bank loans, no assets in a pledge state, with performance growth and profits also very good, which is also the premise and basis for Dangdang's current expansionary behavior. Yu Yu said that when it is at a low price point, it is what Dangdang.com is doing to make investment in technology and industry, replace some basic things, and update them in many aspects. (Penguin)

　　Internet news

　　5. Ofo's self-reduced diversion fees cooperates with 9 online lending platforms

　　Ofo's commercial monetization has begun to target online lending platforms on a large scale, and has reached cooperation with many online lending platforms such as Wanda Puhui, Xiaoheiyu Credit, Dashangqian, Shengbei, Jiufu Wanka, Xiaobai Laihua, 360 IOU, and Diandian, and embedded promotion services of related online lending platforms in its App's "Kan" and "Wallet" columns. An insider who cooperates with ofo's online lending platform said that ofo's traffic diversion fees are 10% to 20% lower than the market price, "They may be eager to supplement their cash flow." (Phoenix Finance)

　　6. Beijing Industrial and Commercial Bureau: Guazi used car slogan has led the transaction volume during the "one year of establishment" period.

　　Because of the slogan "It has been far ahead of the transaction volume after one year of establishment", Guazi Used Cars faces a fine of 12.5 million yuan. Beijing's industrial and commercial department said that Guazi Used Cars confirmed that the "one year of establishment" in the advertisement was from August 2015 to July 2016, and during this period, its transaction volume was 85,874 vehicles. However, data shows that the transaction volume of the two companies exceeded Guazi during the same period, 442,878 and 92,375 respectively. Therefore, it is determined that Guazi used car advertisements are suspected of deceiving and inducing consumers. (Beijing News)

　　7. Dong Mingzhu: The stock price of others making chips soared, but Gree’s stock price of chips fell because I really did it.

　　At the annual meeting of Chinese corporate leaders, Dong Mingzhu said that there are countless reasons for becoming an internet celebrity. The first reason is to make mobile phones, and the second is to distribute dividends. I became an internet celebrity by making chips. "The stock price of others making chips soared, but when I talk about chips, the stock price fell because I really did it," said Dong Mingzhu.

　　Dong Mingzhu said that she has been with many entrepreneurs recently, and some people say it is difficult and even don’t want to do it anymore. Dong Mingzhu believes that if you encounter difficulties, you will retreat, and this is not an entrepreneur. Entrepreneurs must be able to hold others in their hearts so that others will fall in love with you. Dong Mingzhu said that entrepreneurship is a spirit of suffering losses and is what the country thinks. What else can a person do when he is unpatriotic? She said that Gree lives healthier when paying 15 billion yuan in taxes a year because its profits are very high. (Chuangyebang)

　　8. Marriott Hotel Information Leakage: May Face Huge Fines

　　According to news on December 2, a customer reservation database of Starwood Hotel, a subsidiary of Marriott International, was hacked and information of about 500 million customers may be leaked. Media reports said that at present, the attorney general of Massachusetts, New York and Illinois, the United States announced that they will investigate the hacking attack. Marriott is likely to face a "huge fine" from the New York Attorney General and bear corresponding responsibilities. Marriott International Group has reported this incident to relevant law enforcement departments and will continue to cooperate with the law enforcement departments' investigations, and has begun notifying relevant regulatory agencies. (E-commerce News)

　　Cross-border e-commerce

　　9. Starting next year, the single transaction limit for cross-border e-commerce retail imported goods will be increased to RMB 5,000

　　On December 1, the Ministry of Finance, the General Administration of Customs, and the State Administration of Taxation recently issued the "Notice on Improving the Tax Policy for Cross-border E-commerce Retail Import" (hereinafter referred to as the "Notice"), announcing that from January 1, 2019, the upper limit of goods for enjoying tax preferential policies will be increased, and the single transaction limit of cross-border e-commerce retail imported goods will be increased from RMB 2,000 to RMB 5,000, and the annual transaction limit will be increased from RMB 20,000 to RMB 26,000. (E-commerce News)

　　10. Black Friday US mobile app store revenue reached $75.9 million

　　According to foreign media reports, a latest report from mobile app data analytics company Sensor Tower shows that on Black Friday 2018, U.S. consumers spent a new record on Apple App Store and Google Play, a Google App Store, hitting $75.9 million. (Tencent Technology)

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