E-commerce Evening News Briefing on August 19

　　#Laogao E-commerce Newsletter# [E-commerce Evening News on August 19] Taobao adjusts the implementation details of violations of commitments and breach of contract compensation of 10%; 818 Suning recycles more than 300,000 old home appliances to serve 255,000 households; JD.com responds to listing rumors: There is currently no listing plan; Alibaba Research Institute: As of the end of June, there are 4,310 Taobao villages across the country...

　　E-commerce newsletter

　　1. Taobao adjusts the implementation rules for breach of contract compensation of 10% of the transaction volume

　　On August 19, Taobao adjusted the rules for the violation of commitments and violations of delivery time commitments on the "Taobao Market Management and Violation Handling Specifications". The rules will officially take effect on August 26, 2019. In the changed rules, the "Taobao Market Management and Violation Handling Specifications" and the "Taobao Implementation Rules on Violation of Commitments" both require violations of commitments. If the seller violates the delivery time, transaction price, shipping method, etc., they must pay the buyer 10% of the actual transaction amount of the product as a liquidated damages, and the maximum compensation amount shall not exceed 100 yuan and the minimum minimum is no less than 5 yuan, except for special goods. (E-commerce News)

　　2. 818 Suning recycles more than 300,000 old home appliances to serve 255,000 households

　　According to August 19, between August 16 and 18, Suning.com's store customer flow broke historical records. Among them, the passenger flow of Suning.com Plaza in Ciyun Temple in Beijing exceeded 100,000, while the passenger flow of Suning.com Cloud Store in Xinjiekou, Nanjing, Suning.com Cloud Store in Guanyinqiao, and Suning.com Plaza in Xi'an Jiefang Road all exceeded 50,000. On August 18, Suning stores across the country sold 1 million jin of watermelon, 1 million cans of beer, and 200,000 boxes of whole boxes of milk. During the 818 period, a total of 221 new retail cloud stores were opened on Suning.com. (Yibang Power Network)

　　3. JD.com responds to listing rumors: There is currently no listing plan

　　According to a recent report on August 19, Dada-JD.com is in close contact with several investment banks in order to be listed in the United States in May 2020, with an estimated fundraising of US$500 million. In response, JD.com responded that it would not comment. (E-commerce News)

　　4. Alibaba Research Institute: As of the end of June, there are 4,310 Taobao villages across the country

　　According to August 19, recently, Alibaba Research Institute announced the list of Taobao villages and Taobao towns in 2019. As of the end of June, 4,310 Taobao villages, 1,118 Taobao towns were discovered nationwide, and 95 "Taobao village clusters" had been reached. Data shows that Taobao villages are distributed in 25 provinces, autonomous regions and municipalities across the country, most of which are located on the eastern coast. Zhejiang, Guangdong and Jiangsu rank in the top three, including 1573 Taobao villages in Zhejiang Province, 798 in Guangdong, and 615 in Jiangsu; Shandong, Hebei, Fujian, Henan, Hubei, Jiangxi and Tianjin ranked 4 to 10; Taobao villages in the central, western and northeastern regions reached 150. (E-commerce News)

　　5. Social e-commerce "Selected by All Things" received US$20 million in Series B financing

　　The social e-commerce "Sincere in the Heart" recently completed a US$20 million Series B financing, led by Qingxin Capital, followed by Hongdian Capital, and Mumian Capital served as the exclusive financial advisor for this round of financing. The predecessor of the All-Word Heart Selection was the "lollipop" of maternal and infant and content e-commerce. The All-Word Heart Selection App was first tested and launched in August last year. The S2B2C community e-commerce has rapidly fermented based on the WeChat ecosystem, and the transaction volume reached 10 million in more than a month after it was launched. (36Kr)

　　Internet news

　　6. Alibaba DingTalk launches new smart office hardware product "M2S"

　　Alibaba DingTalk recently launched a new smart office hardware product: the intelligent unmanned front desk M2S. This product uses multiple AI technologies from Alibaba DAMO Academy. It is based on "multi-modal interaction" technology. The equipment has the ability to listen, speak, recognize people, and even think, and can meet the scenario-based needs of enterprises such as visitor reception, employee attendance, and automatic salary calculation. (36Kr)

　　7. 360 enters the government and enterprise security market, Zhou Hongyi: Build a national-level cyber attack and defense system

　　August 19th news, Zhou Hongyi, Chairman and CEO of 360 Group, said at the 7th Internet Security Conference (ISC 2019): "I now announce that 360 will make every effort to enter government and enterprise security. In fact, 360 has never given up government and enterprise security. We are now going to return to the field of government and enterprise security." (Titanium Media)

　　8. China Unicom has fully developed independently to realize cross-domain collaboration between 5G networked drones

　　Recently, China Unicom 5G Innovation Center completed a coordinated 5G networked drone 4K inspection service demonstration in multiple places in Beijing, Tianjin and Hangzhou, marking that drones have officially entered a new era of cross-domain collaboration through 5G networking. The business system uses the "UAV 5G Companion" and a comprehensive service cloud platform independently developed by the 5G Innovation Center. Through the comprehensive service cloud platform, Beijing, Tianjin and Hangzhou can conduct linkage video analysis and operation command based on the 4K inspection videos returned by the drone in real time. (People's Posts and Telecommunications)

　　Cross-border newsletter

　　9. Amazon acquires nearly 10% of Future Retail's shares for RMB 2 billion

　　On August 19, the two sides are negotiating about the acquisition of 10% of India's future retail shares, and the negotiations have entered a later stage. It is reported that the sale will be conducted through a holding company, through which Amazon will purchase more equity from future retail founder and chairman Kishore Biyani. (E-commerce News)

　　10. Uniqlo was "encircled and suppressed by all" South Korea and closed three stores in a row, with sales dropping 70%

　　According to South Korean media reports, Uniqlo, a Japanese clothing brand that has been "encircled and suppressed by the whole country", will close a store in Seoul in September. This is also the third store that Uniqlo has closed in South Korea since South Korea launched the "boycott Japanese goods" campaign.

　　In July this year, Ken Okazaki, the finance director of Fast Sales Group, the parent company of Uniqlo, said that South Korea's "boycott of Japanese goods" activities will not last long. The remarks were regarded as "slighting Korean consumers", which immediately triggered tough protests from South Korean public opinion, forcing Fast Retail to issue an apology statement on its official website twice. But consumers did not buy it, and the union composed of South Korean couriers also announced that it would refuse to deliver to Uniqlo. (Europe)

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