E-commerce Evening News Briefing on August 20

　　#Laogao E-commerce News# [E-commerce Evening News Brief on August 20] China has 14 seats in the world's top 100 market capitalization; the three major operators responded to rumors of reducing 4G network speed: verification is being carried out; Li Ka-shing's Changjiang Industrial acquired the largest bar group in the UK for 4.6 billion pounds; Ren Zhengfei notified the company: Huawei is doing its job well in the juncture of danger and is participating in the war; Li Yanhong: Baidu's search results first satisfying rate has reached 51%...

　　E-commerce newsletter

　　1. China has 14 seats in the world's top 100 market capitalization

　　In 2019, the top 100 global market value companies announced that there were 14 companies in China on the list, among which Alibaba and Tencent ranked seventh and eighth with market value of US$472 billion and US$438 billion respectively.

　　The other Chinese companies on the list are Industrial and Commercial Bank of China, China Construction Bank, China Mobile, Ping An Insurance, TSMC, PetroChina, Agricultural Bank of China, Kweichow Moutai, Bank of China, China Merchants Bank, China Life Insurance and Sinopec. (Securities Times)

　　2. Ele.me’s “Star Selection” launches the “Serial Treasure (Speedly Refund PLUS)” service

　　On August 20, Ele.me's "Star Selection" announced that it had officially launched the "Safety Bow (Extremely Refunded PLUS)" service. Alibaba 88Vip members place an order in the "Star-label merchant" in the "Ele.me Star Selection" App. If you are not satisfied with the food, you can enjoy a 1-second refund service without waiting for merchant review. Ele.me said that the "Shunyibao" function has been launched in 94 leading brands in 45 cities and will be expanded to tens of thousands of Star Select stores across the country in the shortest time. (36Kr)

　　3. Tongcheng Beijian opens a mini program mall to layout social e-commerce business

　　On August 20, the Tongcheng Beijian Mini Program Mall was officially launched, launching group buying gameplay, matching coupons, and giving away activities for full discounts, and launching social e-commerce business. It is understood that the mini program mall provides users with dietary supplementary foods with different functions such as bone health, children's nutrition, eye nutrition, and immune enhancement. (Yibang Power)

　　4. Tencent releases a report on the big health industry: The elderly’s attention to obtaining health information from the Internet exceeds that of TV

　　Recently, Tencent Advertising and Tencent News ConTech Data Laboratory jointly released the "Big Health Industry Data Insight Report 2019". The report shows that in the first half of 2019 alone, the number of clicks/plays of Tencent News Health content exceeded 4.1 billion times. Among them, the number of short video views is slightly larger than the number of clicks on the text and text content, which are 2.2 billion and 1.9 billion respectively. In addition, the attention of the elderly to obtain health information from the Internet has exceeded the TV channel. The Internet provides services for the elderly to obtain health knowledge, exchange health information, understand health products, and register for consultation. (36Kr)

　　Internet news

　　5. The three major operators responded to rumors of reducing 4G network speed: verification of the situation

　　On August 20, the 5G era is approaching, and some netizens have reported that 4G seems to have slowed down. All three major operators have replied: The situation is being verified. Zhang Yunyong, director of China Unicom Research Institute, made it clear that it will not only not slow down the speed of 4G network, but will increase the speed.

　　At the same time, customer service staff of the three major operators clearly denied the slowdown. The customer service staff explained that netizens felt that the reduction in the Internet speed may be related to the stable signal of the base station in the area, or the upper limit of the traffic in the "Quantity Speed ​​Limit" package. (Economic Daily)

　　6. Li Ka-shing's Cheung Industry acquires the UK's largest bar group for £4.6 billion

　　On August 19, Cheung Kong Industrial, the Li Ka-shing family, has reached a deal to acquire Greene King, the largest bar operator in the UK for 4.6 billion pounds (about 5.59 billion US dollars).

　　Under the agreement, Cheung Kong will pay £2.7 billion and assume £1.9 billion debt from Greene King, a deal worth £4.6 billion. Greene King is headquartered in the town of Berry St. Edmonds, Suffolk, and was founded 220 years ago by Benjamin Greene.

　　The company is currently famous for beer brands such as Abbot Ale, Old Specckled Hen and Greene King IPA. Li Ka-shing, a senior consultant to Cheung Kong Group, announced last year that he plans to resign as chairman. Its family and trust control about one-third of Cheung Kong Group's assets, which owns a huge portfolio of assets ranging from hotels, utility infrastructure to aircraft rentals. The 91-year-old property tycoon, also the richest man in Hong Kong, has suffered about $3 billion in book losses since the end of July because the city's instability affects the value of its holdings. (Financial Headlines)

　　7. Ren Zhengfei notified the company: Huawei does its job well in the crisis, which means participating in the war

　　On August 20, Huawei Xinsheng Community released the latest email from Ren Zhengfei to the President's Office. Ren Zhengfei bluntly stated that Huawei is now in danger and called on employees to make contributions and select outstanding personnel as soon as possible. If an employee thinks he is not suitable for his current position, he can be laid off and given up. Ren Zhengfei said that most employees should be as calm as water, and doing their job well is to participate in the war. Earlier, the US Secretary of Commerce announced that Huawei's "temporary license" would be extended by 90 days. Huawei responded to this saying that the US move did not change the fact that Huawei was treated unfairly, and called on the US government to stop treating it unfairly and remove Huawei from the entity list. (Sina Finance)

　　8. Robin Li: Baidu's search results first satisfying rate has reached 51%.

　　According to August 20, at Baidu's second quarter 2019 results meeting, Robin Li said that the first search results of Baidu has reached 51%. In Li Yanhong's internal letter, he also emphasized that search is the foundation of Baidu and its core value. We must always devote ourselves to the best search. (Sohu.com)

　　9. Alipay may enjoy the "deposit-free" service

　　August 20th news, starting today, citizens will have the opportunity to enjoy the "deposit-free" service when applying for ETC on the official Alipay mini program. Alipay also announced the "six-free" commitment, namely, no deposit, no equipment fee, no handling fee, no recharge, no new card application, and no postage.

　　Lin Guangyu, general manager of Alipay’s car use business department, said that Alipay hopes that technology will reduce risks and allow credit to replace deposits, so as to give users a better experience. "When users call for consultation, more than 60% of users are concerned about how to refund the deposit. This time, Alipay is launched without a detention, which will encourage more car owners to install ETC." (E-commerce News)

　　Cross-border newsletter

　　10. Another false report or concealed fireworks and firecrackers were investigated

　　Recently, the General Administration of Customs announced that Beilun Customs, which belongs to Ningbo Customs, seized 5 fireworks and firecrackers with fake reports and concealed reports in the export freight channels, weighing about 117.2 tons. The declaration items of these goods are called "iron clothes drying racks". When the customs officer inspected, he found that a small amount of declared goods were placed at the door of the container to cover up. All of them were simply packaged in cartons and fireworks without any protective measures. Fireworks and firecrackers are flammable and explosive dangerous goods, especially in hot summers, the internal temperature of the container after the scorching sun can reach 70 degrees. Fireworks and firecrackers are exported illegally by hiding and false reporting. The lack of corresponding safety measures will bring great safety hazards. At present, this batch of fireworks and firecrackers have been transferred to a specific isolation site for sealing for further investigation and processing. (Hugo.com)

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