#Laogao E-commerce Newsletter# March 18th E-commerce Evening News

　　#Laogao E-commerce News# [E-commerce Evening News on March 18] JD's new regulations: Purchase prices are higher than normal market prices and are handled as illegal; JD Finance responds to the "JD White Note" loophole: it has been fixed in 2017; Estee Lauder sues NetEase Koala for infringement: demands compensation of 1.2 million yuan; Suning signs a contract with Tongzhou government to build 342 retail stores in Beijing's urban sub-center; Xiaomi responds to "massive stocking causes losses": It is a mistake, Xiaomi 9's out of stock will be resolved soon...

　　E-commerce newsletter

　　1. JD.com’s new regulations: Purchase prices are higher than normal market prices and are handled as illegal

　　According to reports on March 18, in order to make the contents of the "JD Open Platform Product Price Specification" support group purchase business and improve the rules and regulations, JD platform has revised the price specification rules.

　　Yibang Dynamics learned that the adjustment will officially take effect on March 22, 2019.

　　The specific adjustments are as follows:

　　1. The new definition of the purchase price refers to the price of products released by merchants on JD.com for consumers to purchase in the group buying mode;

　　2. 新增价格违规行为包括：商家发布的京东价、促销商品的原价、拼购价等信息，以普通或非专业人员的知识水平标准判断，显著高于市场正常水平；

　　3. If products are removed from the shelves in violation of regulations, merchants who meet the requirements of laws, regulations and platform rules can be re-listed for sale after rectification. (Yibang Power Network)

　　2. JD Finance responded to the "JD White Note" loophole: it has been fixed in 2017

　　According to March 18, media reports today that junior Wang, a junior, accidentally discovered a loophole in "JD White Notes", colluded with others to defraud JD.com company of 1.1 million yuan (the verdict has been announced in this case). JD Finance stated that the original intention of carrying out related businesses was to provide convenience to college students, but unexpectedly, criminals took advantage of loopholes. The "loophole" was fixed in 2017, and users were exempted from repayment responsibilities after theft was determined. (E-commerce News)

　　3. Suning signed a contract with Tongzhou government to build 342 retail stores in Beijing's sub-center

　　Suning signed a strategic cooperation agreement with the Tongzhou District Government of Beijing. In the future, the two parties will carry out in-depth cooperation in multiple fields, including 342 smart retail stores in three years, including 2 Suning Plazas, 26 Suning stores, 26 forward warehouses, and 31 retail cloud stores. (Lianshang.com)

　　4. Estee Lauder sued NetEase Koala for infringement: demanding compensation of 1.2 million yuan

　　On March 15, the China Judgment Documents Network published the civil ruling of Estee Lauder for suing NetEase Koala. The ruling shows that Estee Lauder asked NetEase Kaola to immediately stop infringing on the trademark rights of "M·A·C"; asked NetEase Kaola to immediately destroy the infringing products; asked NetEase Kaola to jointly and severally compensate the plaintiff for economic losses of 1 million yuan caused by infringement of the exclusive right of registered trademarks, and the reasonable expenses of 200,000 yuan incurred by the plaintiff to investigate and stop the infringement. The ruling shows that the case was filed on July 12, 2018. (Chuangyebang)

　　5. NetEase Yanxuan responds to personnel flow: 8% of layoffs, it has been upgraded to a first-level department

　　Around the Lunar New Year, NetEase Yanxuan not only separated from the email business department and upgraded from the original second-level department to the first-level department, but its original more than 10 project departments were also integrated into five major centers including product technology, goods, supply chain, marketing, and customer service. At the same time, NetEase Yanxuan also stated that the personnel flow is not the layoff ratio of up to 30% to 40% that has been rumored by the outside world, and the actual number of resignations is about 8%. In addition, Yanxuan has recently joined 33 new employees, and the team is currently at a scale of 1,300. (Titanium Media)

　　Internet news

　　6. Xiaomi responded to "massive stocking lead to losses": It is a mistake, Xiaomi 9's out of stock will be resolved soon

　　According to March 18, a screenshot of the speech of "Xiaomi Mobile Product Manager" recently circulated on the Internet. In the screenshot, Xiaomi's demand is that the first wave of high popularity will generate a premium. Scalpers will grab goods due to profit-driven, resulting in a shortage of products. If Xiaomi really stocks up in large quantities, it will lead to unwillingness to sell Xiaomi offline and lead to huge losses. This remark has caused controversy.

　　Xu Jieyun, general manager of Xiaomi's public relations department, responded to this on Weibo that this speech does exist, but not all. As for the reason why Xiaomi 9 is out of stock in the early stage, it is actually very clear in the supply chain industry. It is the initial yield problem of the newly designed wide-angle lens module and will be solved soon. (Sina Technology)

　　7. Apple and Telecom Tianyi connect to Tmall "credit purchase", and purchase Apple Watch can be tried for 7 days

　　After Tmall and Sesame Credit announced last week that it would open "credit purchase" to the entire industry, on March 18, Apple and Telecom Tianyi announced access to this new capability. In Tianyi Telecom's Tmall flagship store and some offline stores, purchase Apple Watch Series 4 products. Users with Sesame Credit score of 650 points or above can try it for 7 days if they are satisfied. (36Kr)

　　8. The first electronic invoice for subway and taxi blockchain invoices in Shenzhen is issued in Shenzhen

　　On March 18, the first blockchain electronic invoice for rail transit in China was issued at Shenzhen Metro Futian Station, officially announcing the launch of the blockchain electronic invoice function in Shenzhen Metro ride code. Starting from now on, users will be able to issue blockchain electronic invoices online with one click after using Tencent’s smart transportation product ride code to take the Shenzhen Metro. In addition to Shenzhen Metro, blockchain electronic invoice function has been launched in traffic scenarios such as taxis and airport buses. (Xinhuanet)

　　Cross-border newsletter

　　9. General Administration of Customs discloses the random inspection of import and export commodities in 2018

　　According to reports on March 18, on the "315 International Consumer Rights Day", the General Administration of Customs also announced the monitoring of imported and exported goods in 2018.

　　Last year, the customs conducted follow-up supervision of goods from 52 countries or regions of origin, including Japan, Vietnam, and South Korea. Infant clothing, infant textile products, toys and food contact products were listed as the main targets for random inspections. According to the random inspection results released by the General Administration of Customs, the total number of random inspections failed the inspection rate was 7.7%. Among them, the unqualified rate of imported infant and child textile products was 38.4%, the unqualified rate of imported infant and child clothing and toys was 8.4% and 7.4% respectively, and the unqualified rate of imported food contact products was 2.9%.

　　According to customs regulations, these unqualified goods have been dealt with in accordance with the law, and the producers and operators of unqualified goods have also been ordered to conduct rectification and review. Commodities with quality and safety problems have been taken by relevant departments to take rapid response measures such as return, destruction, and technical treatment. (Sohu.com)

　　10. Global Top Online Retailers Report in 2019: Top 10 accounts for 15.1% of the share

　　On March 18, according to data from retail platform Internet Retailer, global consumers' online consumption reached US$2.86 trillion in 2018, up 18.0% from US$2.43 trillion in 2017. According to its latest Global Top Online Retailers Report 2019, the top 10 retailers in online sales accounted for 15.1% of all global e-commerce shares last year. (Yunzhang Finance Technology Channel)

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