#Laogao E-commerce Newsletter# [E-commerce Morning News on December 27]

　　#Laogao E-commerce Newsletter# [E-commerce Morning News on December 27] The merchant's margin will be subject to unfreezing restrictions; Alipay refuted the rumors and transactions of 50,000 yuan may be subject to suspicious monitoring: cash transactions must be reported; counterfeit goods in the e-commerce field are repeatedly banned by the E-commerce field, which is expected to purify the consumption environment; Zhang Yong talks about the adjustment of Alibaba's organizational structure: learning to "use people and do things", not only "do things and employ people"; Gree was sentenced to compensate 500,000 yuan, and competition among home appliance companies has turned to patent wars and technical wars...

　　E-commerce newsletter

　　1. The merchant’s margin will be subject to thawing restrictions if the product is not described properly.

　　On December 26, Taobao issued a public notice on the changes to the rules that described improper rules. The rules added new measures to restrict sellers from unfreezing their margins in response to violations of refurbished products. It is reported that the change rules will officially come into effect on January 3, 2019. The new content of the rule shows that when the following inappropriate description occurs, the "restriction of unfreezing margin" will be taken at the same time: if the seller describes it as a brand new machine or is not disclosed as a refurbished machine, the goods received by the buyer, or the goods found by Taobao are refurbished machines, Taobao will restrict the seller from unfreezing margin for 180 days to be used for the buyer's refund or compensation. The following are the specific changes to the inappropriate description of the "Taobao Rules" (Taobao):

　　2. Alipay’s rumor-refuting transactions may be monitored by suspicious surveillance: cash transactions must be reported

　　Regarding the report on December 25 that starting from January 1, 2019, WeChat and Alipay personal transfers exceeding 50,000 yuan, "need to report" or "or monitored", Alipay refuted the rumors that the relevant documents are mainly targeting money laundering, and cash transactions exceeding 50,000 yuan within a day must be reported, and Alipay does not have cash transactions. If the transaction volume exceeds 500,000 yuan a day, it needs to be reported afterwards. This regulation has been implemented in the banking system for many years to better protect the security of funds. (Sina Finance)

　　3. Yonghui Supermarket officially enters community group shopping

　　Recently, Yonghui Supermarket has officially launched community group buying business. At present, Yonghui Supermarket’s community group buying is currently promoting a cherry item. This model has a retail price of 368 yuan, a 10-kilogram original J-class Chilean cherry, and the group purchase price is 299 yuan. Two people can form a group, and there is no limit on the number of items purchased in a single time. Yonghui’s basic requirement for the group leader is that there must be Yonghui Supermarket nearby. The system will generate an exclusive link for the group leader. After the customer completes the purchase through the group leader’s link, the group leader will receive a commission of 10 yuan after each product worth 299 yuan is completed. After the event is over, the group leader will settle through WeChat. (Europe)

　　4. The e-commerce law is expected to purify the consumption environment

　　According to December 26, the China Consumers Association recently organized a survey on consumer cognitive situation in the "E-Commerce Law". According to the survey results, unqualified quality and counterfeit and shoddy issues are the two most prominent problems in the e-commerce field. At the same time, 54.9% of respondents believe that the promulgation of the "E-Commerce Law" will play a great role in regulating the e-commerce field and purifying the consumption environment.

　　On August 31, 2018, the fifth meeting of the Standing Committee of the 13th National People's Congress voted to pass the "E-Commerce Law", which provides detailed provisions on the conclusion and performance of e-commerce operators and e-commerce contracts, e-commerce dispute resolution, e-commerce promotion, legal liability, etc., and will be officially implemented on January 1, 2019. (E-commerce News)

　　5. JD.com announced that it would repurchase US$1 billion in the next 12 months

　　On December 26, JD.com (Nasdaq:JD) announced today that the company's board of directors has approved a stock repurchase plan, which will repurchase up to $1 billion of the company's shares in the next 12 months. For this stock repurchase, JD.com will conduct this stock repurchase from time to time in accordance with relevant regulations through open markets, private negotiation transactions, bulk transactions or other legal forms. The specific repurchase price and scale will be determined according to market conditions.

　　As of September 30, 2018, the total amount of cash, cash equivalents, restricted cash and short-term investments held by JD.com was RMB 42.9 billion (approximately US$6.2 billion), while as of December 31, 2017, it was RMB 38.4 billion. (China Economic Network)

　　Internet news

　　6. Ele.me restarts the vegetable ingredients purchase platform

　　Ele.me held a press conference to restart the Youcai ingredient purchase platform. Starting from the 10th, Ele.me Youcai has posted a number of job recruitment information on its recruitment website, mainly involving city managers, and regions including Beijing, Guangzhou, Harbin, Qingdao and other places. Earlier, after Ele.me Youcai went online for half a year, it was abandoned by some catering takeaway merchants due to scarce product categories and high service costs. In addition, Ele.me announced the third batch of "safeguard list" of takeaway packaging at the press conference, including a total of 47 companies' safe and environmentally friendly takeaway packaging products. (Beijing Business Daily)

　　7. Gree was sentenced to pay 500,000 yuan in compensation for American products, and competition among home appliance companies turned to patent war technology war

　　According to the People's Court of Chancheng District, Foshan City, Guangdong Province, Gree Company immediately stopped using the unfair competition behavior of "cool and no wind" slogan; compensate Midea Company 500,000 yuan; and rejected Midea Company's other litigation requests. In the past decade, home appliance companies have gradually shifted from low-level competition such as marketing wars, channel wars, advertising wars, and price wars to high-level competitions such as patent wars, technology wars, and product wars. (Guangzhou Daily)

　　8. Zhang Yong talks about the adjustment of Alibaba's organizational structure: Learning to "use people and do things", not only "use people"

　　Alibaba Group CEO Zhang Yong talked about Alibaba's recent organizational structure upgrade at Alibaba's youth training camp, saying that he should learn to "use people and do things" from "doing things and employed people". He said: "'doing things and employed people' means that you have already figured out the things and find a suitable person to do it. I believe many people are still at this stage. The further you go, you will be exposed to "use people and employed people and employed people". You have not figured out how to do this. You are not an expert in this field at all." He believes that "use people and employed people" and "doing things and employed people" are two things with organizational design, but they are highly related. (36Kr)

　　9. The company's "Dad's Choice" sued Pinduoduo platform for the first instance

　　The Dezhou Intermediate People's Court ruled in the first instance to reject all litigation requests from the company of the diapers brand registered in Shandong on the Pinduoduo platform. The judgment states that the amount of liability for the plaintiff to claim the defendant's liability for compensation has far exceeded the amount of statutory compensation for the Anti-Unfair Competition Law, but the two plaintiffs failed to complete the burden of proof. After receiving the plaintiff's communication Circular, the defendant Pinduoduo did not cause expanded losses to the two plaintiffs until the product was removed and the link was disconnected. He had fulfilled the relevant obligations of the Internet service provider and should not bear the liability for compensation. (Yibang Power Network)

　　Cross-border e-commerce

　　10. The UAE e-commerce market may exceed US$27 billion in 2020

　　According to a latest study by the World Economic Forum, the UAE's e-commerce market value is expected to reach AED 100 billion (USD 27.2 billion) in 2020, twice that of 2016.

　　According to UAE news agency Wam, by 2020, the UAE will account for 40% of the Middle East e-commerce market, and the country will join the Trade Facilitation Agreement in 2017, which will support the UAE e-commerce industry. (Sohu.com)

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