#Laogao E-commerce Newsletter# [E-commerce Morning News on December 7]

　　#Laogao E-commerce Newsletter# [E-commerce Morning News on December 7] Liu Qiangdong's law firm issued a statement: "Reconciliation" remarks are purely rumor-making trouble; Mogujie CEO Chen Qi talked about listing; Huatian joined hands with Tmall to launch Tongxingcheng New Convenience; Xinfei Electric's new owner Shenkangjia made a vow of 100 billion yuan; Suning and Samsung Electronics reached a strategic cooperation...

　　E-commerce newsletter

　　1. Liu Qiangdong's law firm issued a statement: "Reconciliation" remarks are purely rumor-making trouble

　　On December 6, in response to the recent spread of rumors through social media that "the US case was settled with $50 million", Liu Qiangdong's law firm Beijing Shihui Law Firm issued a statement saying that the remarks were purely rumor-making, and we have preserved evidence for this and will take firm legal action against the rumor-makers and spreaders. TechWeb)

　　2. Mogujie CEO Chen Qi talks about listing: Valuation is affected by market cycle, and I hope to seize the turning point of the industry

　　Mogujie has been listed on the New York Stock Exchange. CEO Chen Qi said that Mogujie's valuation has been affected by the market cycle, but experiencing a cycle is a situation that listed companies will definitely face. He said that Mogujie decided to go public at this time, not to be an opportunist in the stock market, but to seize this opportunity at the turning point of China's fashion industry. When talking about the valuation differences between Mogujie and Xiaoshui Potato, Chen Qi believes that the pricing methods of the primary and secondary markets are different. (Sina Finance)

　　3. Suning and Samsung Electronics reach strategic cooperation

　　36Kr news, Suning and Samsung Electronics officially reached a strategic partnership today and held a signing ceremony for Samsung Electronics to sponsor Jiangsu Suning Football Club. In the future, the two sides will carry out comprehensive cooperation in retail channels, sports marketing and other fields. Samsung Electronics will become the club's top sponsor in the 2019-2021 season and receives jersey chest advertisements and behind-the-scenes advertisements. (36Kr)

　　4. Xinfei Electric's new owner Shen Konka made a vow of 100 billion yuan

　　Recently, an insider in Shenzhen Konka said that Xinfei Electric's sales in the past two months exceeded expectations, and Xinfei Electric has now achieved profitability. The above-mentioned insider said that Xinfei Electric's production capacity recovery is good. It is expected that by 2020, the annual production capacity of Xinfei Electric's refrigerator and refrigerator products will exceed 4 million units, returning to the front-line brand camp.

　　While the production has been successfully expanded, Xinfei Electric's sales channels are also steadily developing. Shenzhen Konka revealed that on November 22 this year, nearly 300 agents participated in the Xinfei Electric's Global Partner Conference, and the participating agents covered 60-70% of the country's market. (Securities Daily)

　　5. Huatian joins forces with Tmall to launch Tongxingcheng new convenience

　　Beijing Huatian Catering Group Corporation today announced that its old brand "Tongxingcheng" was launched with a new positioning of community convenience stores. Tongxingcheng New Convenience is a convenience store brand jointly launched by Huatian Group and Tmall Supermarket. Among them, Huatian Group is the controlling party, Tmall Supermarket provides design solutions, store system technical support and brand authorization for stores, and Tongxingcheng is independently responsible for store establishment and operation related matters. In addition, Tongxingcheng will soon introduce one-hour service in Tmall Supermarket, providing door-to-door delivery within three kilometers of the store. (Beijing Business Daily)

　　Internet news

　　6. WeChat and other institutions’ reserve funds will be submitted to the central bank next month, and the withdrawal fee may increase

　　The Payment and Settlement Department of the People's Bank of China recently issued an emergency document requiring all third-party payment institutions to revoke the RMB customer reserve account before January 14, 2019, and the "reserve deposit" will be taken over by the central bank. Industry insiders said that for ordinary people, it means that funds will be safer. Experts said that the regulation has little impact on consumers' experience of quick payment, but it is not ruled out that the handling fees for using third-party payment channels to repay credit cards or withdraw cash will increase in the future. (China.com)

　　7. Experts: 5G commercialization will appear in 2019, and it will take three to four years to apply on a large scale.

　　2018 is called the "first year of 5G". At present, global operators are intensively deploying 5G commercially. In June this year, R15, the first complete standard for 5G, was released. Ge Qi, general manager of GSMA Greater China strategic cooperation, predicts that globally, 5G commercialization will appear in 2019. At the same time, Ge Qi admitted that 5G commercialization is only the beginning of 5G services. To achieve large-scale 5G applications, it will take two to three years after commercialization. (People's Daily)

　　8. Ofo deposit refund complaints peaked in November, with 1,373 cases

　　Data provided by 21CN Ju Complaint Platform shows that from January 1 to the end of November, the platform has received more than 2,100 valid complaints from ofo small yellow car, involving more than 367,000 yuan, and an average of 173.3 yuan per person. Among these complaints, there are 1,956 valid complaints containing the keyword "deposit", accounting for 92.4% of the total complaints. Since August, ofo-related complaints have increased significantly. In September, the number of complaints from ofo small yellow car was twice that ofo in August, and reached a peak of 1,373 by November, which is 64.9% of the complaints in the first 11 months of 2018. (Daily Economic News)

　　9. Huawei releases an open letter to suppliers: It will not change its cooperation relationship unreasonably due to the United States

　　December 7th news, last night, Huawei issued an open letter to global supplier partners, which stated that the United States has had many accusations against Huawei in recent period, and Huawei has clarified many times that the company conducts business around the world strictly abides by applicable laws and regulations. Huawei said, "The U.S. government puts pressure on a commercial company through various means, which is a deviant approach that deviates from the free economy and fair competition spirit. However, we will not change our cooperative relationship with global supply chain partners because of the unreasonableness of the U.S. government." (Titanium Media)

　　Cross-border e-commerce

　　10. Walmart will acquire home decoration website Art.com to further expand its e-commerce business

　　According to foreign media reports, Walmart plans to acquire online home furnishing retailer Art.com, and the value of the deal has not been disclosed. Marc Lore, head of U.S. e-commerce at Walmart, said the company could have more than 40 local digital brands in the future. (Tencent Technology)

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