#Laogao E-commerce Newsletter #E-commerce Morning News on April 3

　　#Laogao E-commerce Newsletter# [E-commerce Morning News on April 3] Alibaba CTO Zhang Jianfeng: Alibaba will continue to increase its investment in mini programs with Alipay as a framework; Alibaba's major shareholder announced that it would liquidate about US$40 billion in Alibaba's shares will be sold; Youzan completed a new round of HK$1 billion financing and led by Tencent; ofo responded to bankruptcy rumors: the news is serious and everything is normal at present; Xiaomi responded to the production capacity crisis: due to the poor yield of wide-angle camera components...

　　E-commerce newsletter

　　1. Alibaba CTO Zhang Jianfeng: Alibaba will continue to increase its mini programs with Alipay as a framework

　　Alibaba CTO Zhang Jianfeng revealed that the group will continue to increase investment in mini programs with Alipay. It said that mini programs are an important role for Alibaba. The biggest difference between Alibaba mini programs and other mini programs is that they are in one cloud and multiple ends. Alibaba Cloud will be committed to providing developers with a series of cloud-to-end tools to help developers complete deployment quickly. As of March 2019, the number of Alipay mini-programs was 160,000, the number of daily active users exceeded 230 million, and the average 7-day retention rate was 43.26%. (Titanium Media)

　　2. Alibaba’s mother’s content marketing team was incorporated into Youku and reported to Youku President Fan Luyuan

　　According to people familiar with the matter, the team of nearly 200 people in charge of content marketing has recently adjusted from Alibaba's mother to Youku and reported to Youku President Fan Luyuan to enable him to cooperate more closely with Youku dramas, variety shows and other content teams to improve the efficiency of Youku content commercialization. At the same time, Alibaba Mom will still leverage the advantages of full-link integrated marketing services and continue to support Youku’s content commercialization. (36Kr)

　　3. Alibaba's major shareholder announced liquidation of approximately US$40 billion Alibaba shares to be sold

　　On April 3, after most of the assets of the American network portal Yahoo were acquired by telecom company Verizon, the remaining assets such as Alibaba Co., Ltd. were formed into a listed company called Altata. According to the latest news from foreign media, the company recently announced that the company will be liquidated and dissolved, and all Alibaba shares held will be transferred to the public. (E-commerce News)

　　4. Youzan completed a new round of HK$1 billion financing led by Tencent

　　According to April 3, recently, Hong Kong-listed company China Youzan (8083.HK), a Hong Kong-listed company, issued an announcement stating that Youzan has completed a new round of financing of nearly HK$1 billion, led by Tencent, and this fund will be fully used to promote offline store business. According to reports, store business is the top priority for Youzan's development in the past two years. In 2017, in addition to the original e-commerce product Youzan WeChat Mall, Youzan launched a series of new retail solutions such as Youzan Retail, Youzan Education, Youzan Meiye, and Youzan Chain, which directly pointed to offline store merchants and introduced third-party developers through Youzan Cloud to help merchants realize personalized store customization and gradually improve the business ecology. (Yibang Power)

　　5. Apple News Subscription Service is launched 48 hours to attract 200,000 users

　　On April 3, Apple's latest news subscription service, Apple News Plus, attracted more than 200,000 users 48 hours before it went online. Last week, Apple launched Apple News Plus, a news subscription service that costs $9.99 a month. Through this service, users can read articles in various publications, including more than 300 magazines. The service is free in the first month, thus attracting users to use. (Crowdfunding Home)

　　Internet Information

　　6. Mobike bicycles are fined and private locks are added

　　The "Punishment Rules for Violating Accounts" released by Mobike shows that adding private locks, destroying/priving vehicles, posting/spraying body advertisements, destroying/covering vehicle QR codes, and lending accounts to others are all illegal acts. In response to violations, Mobike will take penalties such as reminding of abnormal information and freezing the corresponding account for a period of time based on its severity. Users are not allowed to use the car during the account freezing period. (Penguin)

　　7. ofo responds to bankruptcy rumors: The news is serious and everything is normal at present

　　ofo responded to bankruptcy rumors that the news was seriously untrue, and the operation was normal at present, and the relevant debts were also in litigation or negotiation. According to previous news from the Beijing News, Beijing Becklock Technology Co., Ltd., one of the operating entities of ofo, appeared on the National Enterprise Bankruptcy Reorganization Case Information Network as the "respondent". The applicant is Nie Yan, the date is March 25, and the handling court is the Haidian District People's Court of Beijing. (E-commerce News)

　　8. Xiaomi responds to capacity crisis: due to poor yields of wide-angle camera components

　　Regarding the production capacity crisis, Xiaomi responded that on the one hand, it is because the rear camera of Xiaomi 9 adopts a rear triple camera design, which is relatively complex and has high process requirements. The related components of the 120-degree wide-angle lens have encountered the problem of yield failure; on the other hand, it is because the workers of the OEM factory are not skilled enough in some core key assembly links of the Xiaomi 9 production line. Xu Jieyun, general manager of the public relations department of Xiaomi Group, said that the production capacity of Xiaomi 9 has stabilized, and currently it can produce more than 1 million Xiaomi 9 mobile phones every month, which can basically meet consumers' consumption needs starting from April. (Tencent Technology)

　　9. Tencent increased its holdings in WeMang Group and became the second largest shareholder

　　微盟集团发布公告称，4月2日，腾讯通过其子公司THL H Limited购入微盟集团9682万股已发行普通股。加上此前Tencent Mobility Limited已对微盟集团持有5866.5万股（持股約2.92%），腾讯目前共计持有微盟集团15548.5万股，持股比例7.73%成为微盟集团第二大股东。（创业邦）

　　Cross-border e-commerce

　　10. Mastercard has agreed to invest $56 million on the eve of Jumia's IPO in the United States

　　On April 2, according to foreign media reports, African e-commerce platform Jumia Technologies said that US credit card giant Mastercard has agreed to invest 50 million euros (US$56 million) in Jumia through private placement before it conducts its initial public offering in New York.

　　In addition to Mastercard, Jumia Group shareholders include Pernod Ricard SA (French beverage manufacturer), which spent 75 million euros (US$84.2 million) last December to acquire a 5.1% stake in the company, as well as its largest investors, MTN Group (South African telecom operator) and Rocket Internet SE (VC). (E-commerce News)

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