#Laogao E-commerce Newsletter# [E-commerce Morning News on January 2] The scale of new money bases of Yu'ebao and Financial Management Network was released, with an annual scale of more than one trillion yuan; Tmall International announced new development plans; Quanjian Group's official website removed 9 nutritional and health products and natural medical products; Nikkei Corporation's global "innovation" list: the top ten places account for nine seats, and the other company is Alibaba; ofo's operating main account was frozen by 13.75 million yuan...
E-commerce newsletter
1. Community group buying platform "Linlinyi" received US$30 million in Series A financing
Community group buying company "Linlinyi" recently completed a US$30 million Series A financing. This round was led by Today Capital and followed by Suning Ecological Fund. Gaorong Capital, Source Code Capital and Sequoia Capital China Fund continued to follow-up investment, and Mumian Capital served as financial advisor. After this round of financing, Linlinyi will focus on in-depth construction of the supply chain, upgrading and improving the community group leader's operation system, and R&D investment in the backend of the operation information system, while laying a solid foundation for further national expansion. (36Kr)
2. The scale of new money bases for Yu'ebao and Wealth Management is released, with an annual increase of more than one trillion yuan.
Compared with the end of 2017, the total scale of the 14 money funds connected by Yu'ebao increased by more than 700 billion yuan. In addition, the scale of the 10 money funds connected by wealth management increased by nearly 400 billion yuan, and the scale of the money funds on the two platforms increased by more than one trillion yuan. From the perspective of a single fund, several money funds including Boshi Cash Income A, Huaan Ririxin A, and Cathay Lishibao, which successively connected to Yu'ebao in the second quarter, increased by more than 100 billion yuan throughout the year, which can be regarded as the biggest winner in the expansion of the Internet platform this time. (China Fund News)
3. Tmall International announces new development plan
According to reports on January 1, Tmall International announced a series of new development plans. The new development plans mainly include: expanding domestic bonded warehouses to 20 and overseas warehouses to 10 within three years; expanding the number of cross-border commodities to more than 1 million, and strengthening cooperation with overseas group brands such as Procter & Gamble, Unilever, Johnson & Johnson. (Europe)
4. Intel launches an interconnected logistics platform
On January 2, Intel recently launched the Intel Internet Logistics Platform (Intel@ CLP). With the support of PA Consulting and Google Cloud, this IoT solution can provide near-real-time supply chain visibility, while also monitoring the quality, integrity and security of every link in the supply chain. (Source: Economic Reference News)
5. Quanjian Group’s official website removes 9 nutritional health products and natural medical products
Recently, Quanjian Group’s official website removed 9 nutritional health products and natural medical products. Previously, the website’s “Healthy Life” column showed a total of 92 products, and now 6 products have been reduced and 9 products have been removed. Among the 9 products removed from the shelves, there are three nutritional and health care products such as "KA Love Project", as well as six natural medical products such as "Maixiang Jujube Solid Beverage" and "Grape and Fruit Powder Beverage". According to reports, among these 9 products, 8 of the Quanjian brand products have not been found for production batch numbers. Among the 92 products still displayed on the official website of Quanjian Group, 16 of Quanjian Health Foods have not obtained production approval documents. At present, Quanjian Group has not responded to this yet. TechWeb)
Internet news
6. Ofo's operating entity account was frozen by 13.75 million yuan
On the afternoon of January 1, the People's Court of Bao'an District, Shenzhen, Guangdong Province ruled that in response to the property preservation application submitted by the applicant Shenzhen SF Express Logistics Comprehensive Service Co., Ltd., the respondent Dongxia Datong (Beijing) Management Consulting Co., Ltd. (the operating entity of Xiaohuangche ofo) deposited RMB 13.75 million in China Merchants Bank account. At the same time, the Shenzhen Branch of China Pacific Property Insurance Co., Ltd. provides corresponding guarantees to the applicant. In April 2017, ofo and SF Express cooperated to rectify the problem of private car storage. (Europe)
7. Gree Electric Appliances: Dong Mingzhu and others are candidates for non-independent directors of the 11th Board of Directors
Gree Electric Appliances (000651) announced on the evening of January 1 that the company's board of directors reviewed and passed the "Proposal on the Election of the Board of Directors": the non-independent director candidates of the 11th Board of Directors are Dong Mingzhu, Huang Hui, Wang Jingdong, Zhang Wei, Zhang Jungu, and Guo Shuzhan, and the independent director candidates of the 11th Board of Directors are Liu Shuwei, Xing Ziwen, and Wang Xiaohua. The qualifications and independence of the above-mentioned independent director candidates still need to be registered by the Shenzhen Stock Exchange without objection before the shareholders' meeting can vote. (e company)
8. Nikkei Corporation's "Innovation" list: The top ten places account for nine seats, and the other company is Alibaba
On January 1, the Nihon Keizai Shimbun and the Innovation Research Center of Ichibashi University jointly released the ranking of major global enterprises' "innovation" rankings. Alibaba is the only Chinese company to enter the top ten, and other companies to enter the top ten are from the United States, including Facebook, Amazon, Alphabet, Apple, Microsoft, etc. In addition, Tencent Holdings, Hikvision and Midea Group ranked 22nd, 24th and 25th respectively. (Titanium Media)
9. Pay $75 million: Alibaba and California class action settlement
On January 1, Alibaba Group and the other party reached a settlement on a class action lawsuit filed in a California court several years ago. Agree to pay $75 million to settle a class action lawsuit filed in a California court four years ago, "Buelow sues Alibaba." It is reported that in this class action lawsuit, the court did not find any illegal or improper behavior in Alibaba Group.
The lawsuit first occurred at the end of February 2015. Securities litigation law firm Brower Piven announced a lawsuit against Alibaba Group, saying that the latter had serious false and misleading statements about the company's business operations, financial status, etc., which deceived investors. (Source: TechWeb)
Cross-border newsletter
10. The US B2B e-commerce market will break through the $1 trillion mark for the first time in 2018
Data shows that the US B2B e-commerce market will break through the $1 trillion mark for the first time in 2018, and the annual B2B online sales will reach $1.134 trillion, an increase of 17% from last year's $969 billion. This figure is 18.9% higher than the forecast for the mid-year forecast of $954 billion. (Yibang Power)
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