#Laogao E-commerce Newsletter# [E-commerce Morning News on April 18] JD.com strategically invests in Wuxing Electric to purchase 46% of its shares and is priced at 1.27 billion yuan; Alipay launches the second generation of face-scanning payment device "Dragonfly"; Sanjiang Shopping clarified that it was taken over by Tmall: the current president is not sent to the company to make a layout; Taobao regulates special products to prohibit information containing "pos"; JD.com Haitun Global 415 Fourth Anniversary Celebration: Sales throughout the day increased by more than 50% year-on-year...
E-commerce newsletter
1. JD.com strategically invests in Wuxing Electric Appliances to purchase 46% of its shares and is priced at 1.27 billion yuan.
On the evening of April 17, JD.com (hereinafter referred to as JD.com) signed a formal agreement to invest in Jiangsu Wuxing Electric Co., Ltd. (hereinafter referred to as Wuxing Electric). According to the agreement, if the delivery conditions are met, JD.com will purchase 46% of Wuxing Electric's equity from Wuxing Electric's existing shareholder Jiayuan Chuangsheng Holding Group Co., Ltd. (hereinafter referred to as Jiayuan), with a consideration of 1.27 billion yuan, and will be paid in cash and inherited debts. After completing the transaction, the two parties will fully utilize each other's advantages to jointly create a new online and offline omni-channel and intelligent shopping experience for the future boundaryless retail. (Chuangyebang)
2. Alipay launches the second generation of face-scanning payment machine "Dragonfly"
Alipay today announced the launch of the second generation of face-scanning payment device "Dragonfly" based on offline consumption scenarios, with a price of 1,999 yuan. Compared with the previous generation, the new Dragonfly has fully "slimmed down". The monitor has been reduced from 10 inches to 8 inches, with a 3/4 reduction in thickness and a 55% reduction in weight of the entire machine. The new Dragonfly has realized the function of registering a membership card with face swiping. The early pilot shows that the conversion rate of registered members with face swiping is more than 6 times higher than the traditional model. Zhong Yao, general manager of the Alipay industry payment business department, said that the New Dragonfly Bang can also complete operations such as identifying people, receiving coupons, and writing off through the Alipay mini program. Zhong Yao said, "We will invest 3 billion yuan in the future to help merchants achieve digital transformation." (Sina Finance)
3. Sanjiang Shopping clarification was taken over by Tmall: the current president was not sent to the company to make a plan
On April 17, Sanjiang Shopping issued a clarification announcement. Relevant media reported that "Tmall took over Sanjiang Shopping, and Hema's real performance was exposed for the first time." Sanjiang Shopping stated that the company's current president, Mr. Chen Yan, joined the company in February this year. Before joining the company, he served as the head of the small business format of Hema Network Technology Co., Ltd., not the media reported that "he was sent to plan for Sanjiang Shopping this time." (Sohu.com)
4. The latest equity of Qudian: Ant Financial holds 13% of the shares and Kunlun Wanwei sells all
On the evening of April 17, according to Qudian (NYSE:QD)'s 2018 annual report submitted to the U.S. Securities and Exchange Commission (SEC), Ant Financial holds nearly 13% of the equity of Qudian. Qudian announced on April 12 that it had signed a stock purchase agreement with the company's shareholder Kunlun Group Co., Ltd. on April 12, 2019. Under the agreement, Qudian will repurchase all 18,173,885 shares of the company's Class A common shares held by Kunlun Group. (Sina Finance)
5. Taobao regulates special products to prohibit the occurrence of information containing "pos"
According to April 17, in order to standardize the market management order of Taobao online shopping platform and create a safe and secure online shopping environment for consumers, Taobao has adjusted the relevant terms of the interpretation of the "Taobao Rules" for the abuse of information (7) of the industry's special requirements rules in accordance with relevant national laws and regulations. This rule change will take effect on April 22, 2019.
The specific changes are as follows:
1. Requirements for release of special product categories on Taobao
1. Secondary category "pet/pet food and supplies", commodity inventory quantity ≤1, sales record ≤1;
2. New requirements for release of thermal paper products, customized booths, tablecloths, and T-shirt products are added. No pictures or text information such as "pos" and "POS machines" shall be displayed in the product information.
2. Regarding the treatment of special commodities for abuse:
1. If special products violate their own attributes, the products will be removed from the shelves for the first time, and the products will be deleted for the second time and 0.2 points will be deducted;
2. Publish a large number of illegal products or information, remove all products in the store, restrict the release of products, restrict the number of products, restrict the number of published categories, and deduct 6 points;
3. The same seller violated the rules many times during special industry requirements, deleted the goods, removed all the goods in the store, restricted the release of goods, restricted the number of goods released, restricted the number of released categories, and deducted 2 points;
4. Deliberately avoid, such as staggering the shelves, removing all products in the store, restricting the release of goods, limiting the number of products, limiting the number of published categories, and deducting 2 points;
5. If there is adverse impact on consumers or platforms, and if the regulations are violated again after serious handling of special requirements in the industry, all products in the store will be deleted, store blocked, extended transaction account period, restricted product release, restricted product release quantity, restricted product release category, restricted store supervision and other measures and deducted 6 points. (Taobao rules)
Internet Information
6. Alibaba Pictures: Launch three "100 Plans" for Cinemas
Alibaba Pictures announced the official launch of three "100 plans" for cinemas. Phoenix Cloud Intelligence will launch 100 super model rooms, 100 unmanned supermarkets, and 100 unmanned containers for cinemas across the country, helping cinemas explore business models and creating new consumption scenarios for users. Phoenix Cloud Intelligence is an open platform for digital management of cinemas under Alibaba Pictures. It is aimed at the theater and provides a complete set of cloud-based intelligent solutions using new technologies and new retail means. (36Kr)
7. Vipshop announces that CTO Huang Yanlin has resigned and former CTO Gao Zunming has returned
唯品会日前向美国证券交易委员会（SEC）递交文件，称公司CTO黄彦林因个人原因宣布辞职，并任命高遵明成为新一任CTO。黄彦林是在2016年9月加盟唯品会，全面负责集团技术管理工作，直接向CEO沈亚汇报。（创业邦）
8. JD Haitun Global 415 Fourth Anniversary Celebration: Full-day sales increased by more than 50% year-on-year
JD.com’s global direct purchase platform Haidun Global held a 4th anniversary promotion event. Data shows that on the anniversary celebration of April 15, the whole day sales increased by more than 50% year-on-year; in terms of categories, the sales of probiotics were five times that of the same period last year; in terms of brands, Abbott’s sales were 60 times that of last year. (36Kr)
Cross-border e-commerce
9. Amazon can "live shopping" and has been opened to Chinese sellers
American company Amazon has launched "Amazon Live" for live shopping. Buyers and sellers need to download an app called Amazon Live Creator to use this feature, and the app currently only supports iOS. Previously, only professional American sellers who registered Amazon brand can broadcast live through Amazon Live. At present, Amazon's live broadcast function has begun to be fully opened to Chinese sellers in the near future. (Yibang Power Network)
10. Amazon responds to withdraw from China: Impossible
On April 17, Amazon insiders denied that Amazon will withdraw from China in response to the announcement of Amazon's withdrawal from China. According to the domestic self-media "Media Training Camp", Amazon's main business e-commerce will withdraw from China. In the future, Amazon will only retain two businesses in China, one is kindle, and the other is cross-border trade, and all other businesses will be laid off. Bianews then asked Amazon insiders for confirmation, but this statement was denied. The insider denied that Amazon would withdraw from China and emphasized that Amazon is a huge and has many businesses. (E-commerce News)
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