#Laogao E-commerce Newsletter# [E-commerce Morning News on December 10]

　　#Laogao E-commerce Newsletter# [E-commerce Morning News on December 10] Jack Ma: China has three huge opportunities; Alibaba invests in Taiwan's travel e-commerce AsiaYo; in 2019, more than 4,000 stores will have sales of over 10 billion yuan; Jenya has entered the Tmall luxury goods platform; ofo has been sued again: at least 9 companies have been sued...

　　E-commerce newsletter

　　1. Jack Ma: China has three huge opportunities

　　Recently, Alibaba Group Chairman Jack Ma delivered a speech, saying that China still has three huge opportunities: "First, I believe that China will further marketization in the next ten or twenty years, which is unchangeable; Second, China's biggest opportunity is domestic demand and consumer market. To become a middle class, 300 million middle-income, China has huge internal potential; Third, supply-side reform and comprehensive economic dataization. All enterprises must go to the cloud and develop with data. This is the supply-side reform that must be passed." (Internet Thought)

　　2. In 2019, more than 4,000 stores will have sales of over 10 billion yuan.

　　According to December 9, Yang Lingjiang, chairman of the 1919 direct liquor supply, said that in 2019, the target management stores will reach more than 4,000, with sales exceeding 10 billion. By then, 1919 will require two or three hundred offline store management district leaders. To this end, 1919 will significantly raise the entry threshold for district mayors and recruit district mayors from outside. (Yibang Power Network)

　　3. Alibaba invests in Taiwan's travel e-commerce AsiaYo

　　According to Taiwan's "Business Times" website, Taiwan's local tourism e-commerce AsiaYo announced on the 5th that it had completed a Series B financing of more than NT$200 million, led by Alibaba's Taiwan Entrepreneurship Fund. Other investors include China Development Innovation Accelerator Company, Delta Electric Capital, Daying Management Consulting Company and other investment institutions. Li Zhiping, executive director of Alibaba’s Taiwan Entrepreneur Fund, said that AsiaYo is in line with the new venture of Alibaba Eco. In the future, Alibaba's Feizhu.com and NLP teams will be opened to connect with AsiaYo. (Reference message)

　　4. Zenia joins Tmall luxury goods platform

　　On December 9, Italian luxury group Ermenegildo Zegna (Jenia) opened a flagship store on Tmall luxury platform Luxury Pavilion. This is also the first time the brand has opened a long-term cooperation platform for third-party e-commerce in China. In the industrial and commercial information, the operating entity of the flagship store is displayed as Jenya (China) Enterprise Management Co., Ltd., and is commissioned by enterprises at home and abroad under the authorized management of the parent company and the group to operate the online flagship store. (Beijing Business Daily)

　　5. Alibaba Pictures plans to raise HK$1.25 billion by issuing shares

　　On December 10, Alibaba Pictures issued an announcement today stating that it agreed to issue 1 billion new shares to the subscriber, with a subscription price of HK$1.25 per share. The subscriber is Ali CV, which is the controlling shareholder of Alibaba Pictures. Alibaba Pictures said in the announcement that the subscription will further strengthen cooperation between Alibaba Pictures and other media content and distribution businesses under Alibaba Group (such as Youku, Damai and Alibaba Literature). (36Kr)

　　Internet news

　　6. Ofo was sued again: at least 9 companies sued

　　Recently, the People's Court of Chongming District, Shanghai made a judgment on the advertising contract dispute case between Baima (Shanghai) Investment Co., Ltd. and ofo operating entity Dongxia Datong (Beijing) Management Consulting Co., Ltd., ordering Dongxia Datong to pay 5.1031 million yuan of advertising fees owed to Baima (Shanghai) and the corresponding liquidated damages (calculated by 5/10,000 per day). This is just the tip of ofo's financial problems. Due to the long-term failure to obtain capital blood transfusions and the high monthly operation and maintenance costs, many suppliers sued ofo to court. (Looking for Chinese makers)

　　7. Toutiao has acquired the Feichat domain name flipchat.cn

　　Sources said that Toutiao has acquired the English domain name "flipchat.cn". The query found that the domain name's contact email was name@bytedance.com, and it was confirmed through the email counter-examination that it was related to Beijing ByteDance Technology Co., Ltd., a parent company of Toutiao. Previously, a source revealed that Toutiao will launch a new annual social product "Fei Cha", which will not be embedded in Toutiao APP and will be launched independently. (Biannews)

　　8. Midea has once again integrated its business unit, and multiple functions are taken back to the headquarters

　　Recently, Midea Group has carried out a round of reforms in its business units, merging the household appliances and environmental appliances business units, reducing the original 10 business units to 9. This is the second time Midea integrates its business unit after Midea's kitchen appliances and water heaters merged to form a kitchen heat business unit half a year ago. An insider revealed that Midea's integration of its business unit will continue. Cleaning appliances that once belonged to Huan Electric, refrigerators and washing machines, household air conditioners and central air conditioners that have been rumored to be potentially integrated. (Securities Daily)

　　9. A "store closure" has occurred nationwide in Star Mei International Cinema: None of the six cinemas in Beijing opens business

　　On December 9, six Star Mei International Cinemas in Beijing have quietly disappeared from major business districts; on the ticket purchase platform, Star Mei International Cinema has stopped selling tickets; no one answered the service phone number of Star Mei Cinema. Xingmei International Holdings Group is suffering the coldest winter in history: its cinemas have closed stores, Xingmei Holdings has suspended trading for more than three months, and the dispute over rent and wage arrears has been reported by the media many times. Hang Seng Index Company recently issued an announcement stating that it would remove it from the Hang Seng Composite Index at the lowest price of HK$0.0001 after the market closes on December 7. (Beijing Youth Daily)

　　Cross-border e-commerce

　　10. Amazon unmanned convenience stores are about to enter the airport to attract time-hungry travelers

　　According to foreign media reports, according to people familiar with Amazon's strategy, the e-commerce giant is considering introducing its unmanned convenience store Amazon Go to the airport in an effort to win the favor of time-critical travelers. The move highlights that Amazon, which started out as an online bookstore, is entering the physical retail space to take on a larger share of shopper spending. (E-commerce News)

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