#Laogao E-commerce Newsletter# [May 4 E-commerce Morning News] 1. Alipay launches the "Code Merchant Growth Plan", investing 1 trillion yuan in loans to support nearly 100 million small vendors in three years; 2. Yu'e Bao connects to two new funds; 3. The new model of boundless retail is completed, and JD.com's first brand experience store has opened; 4. Xiaoewei Store criticizes Daily Youxian Convenience Purchase pretends to be its employees to withdraw the store; 5. "Advertising Dog" angrily resigns to do handicrafts after working overtime for three days and three nights: afraid of spending money after spending money...
E-commerce newsletter
1. Alipay launches the "Code Merchant Growth Plan" and invests 1 trillion yuan in three years to support nearly 100 million small vendors.
Offline small and micro merchants can do business with just one "QR code". Alipay's code merchant growth plan provides nearly 100 million code merchants with two major services, including one trillion yuan in loan quota support in three years. The plan includes more collection and loans, more collection and more credit, more credit and more rewards, as well as small and micro business classrooms, brand upgrades and other sectors. (Source: 36kr)
Alipay launches the "Code Merchant Growth Plan" and invests 1 trillion yuan in three years to support nearly 100 million small vendors
2. Yu'ebao connects to two new funds
On May 4, Yu'ebao announced its upgrade and newly connected to two money fund products, "Boshi Cash Income Currency A" and "China Europe Roll Monetary Fund Company," under Bose and China Europe Fund Company. Ant Financial said that after the active limit measures taken by Tianhong Fund in the early stage, the growth of the scale of Yu'ebao money market fund has been controlled to a certain extent. Now adopting the open model of multiple cooperation can further reduce the pressure on the rapid growth of a single money fund, and overall reduce the risk of high concentration of a single money fund, and better improve the user service experience. (Source: Tianxia Online Business)
3. The new model of boundless retail is completed, and JD Home Appliances × TCL's first brand experience store is opened
36Kr News, the opening of the "TCL & JD Home Appliance Experience Store" located in Shenzhen marks the official completion of the "brand experience store" jointly created by JD Home Appliance and home appliance brands, and also means that JD Home Appliance's dual-line integrated business model has made new progress. (Source: 36kr)
4. Xiaoewei Store bombards the Daily Youxian Convenience Purchase as its employees to withdraw the store
At around 6 pm on May 3, the official official account of Xiaoeweidian, an unmanned shelf company, issued a statement saying that employees of Youxian Tianjin area pretended to be a staff member of Xiaoeweidian and transported away equipment and goods such as Xiaoeweidian refrigerators and shelves by lying that they wanted to withdraw the store. In this regard, Xiaoeweidian believes that this incident has damaged the healthy and orderly operating environment of the office unmanned shelves industry. He urges relevant departments to investigate and deal with it as soon as possible, and requires Daily Youxian Convenience Purchase to "not need to apologize to us, but should publicly apologize to the industry and users"! (Source: Phoenix Technology)
5. The payment market has further relaxed the limit on visa-free visa-free transactions to 1,000 yuan
UnionPay’s official website shows that UnionPay’s small-value password-free visa-free is a small-value fast payment service launched by China UnionPay and various member institutions in 2015. Starting from June 1, 2018, China UnionPay will jointly optimize the "small password-free visa-free" function with member institutions. At that time, the limited limit for small password-free visa-free transactions for UnionPay chip debit cards and credit cards will be increased from 300 yuan to 1,000 yuan. (Source: Economic Reference News)
Internet news
6. "Advertising Dog" angrily resigned after working overtime for three days and three nights: afraid of spending money if you lose your life
A white-collar young man from Shenzhen once worked in a design work in an advertising company. He resigned after working overtime for three days and three nights. "I have accumulated too many diseases and made money, but you have lost your life." Now he has set up his own studio and become a handmade leather craftsman. He claimed that he is now making money in Buddhism, "only in this way can he save his life." (Source: Headline News)
7. Guo Guangchang took over 4 billion dating website Lily.com Holdings for about 70%
Baihe.com (834214) evening announcement showed that Ningbo Meishan Bonded Port Area Yuanhong Investment Co., Ltd. (hereinafter referred to as "Yuanhong Investment") controlled by Guo Guangchang plans to acquire 69.18% of the company's shares for approximately 3.998 billion yuan. After the transaction is completed, Yuanhong Investment will become the controlling shareholder of Baihe.com, and the actual controller of the company will be changed to Guo Guangchang. It is disclosed that before this transfer, Bao New Energy held 267,999,371 shares of the company (of which 36,857,895 shares of the company were held through its wholly-owned subsidiary Bao New Asset), accounting for 21.33% of the company's total issued shares; after this transfer, it held 100,000,000 shares of the company, accounting for 7.96% of the company's issued shares) (Source: Yibang Power Network)
8. On the day Xiaomi submitted its listing prospectus, Lei Jun visited Li Ka-cheng in Hong Kong
Xiaomi founder Lei Jun visited Li Ka-shing today. Lei Jun said that at noon this day, he had the honor to meet Mr. Li Ka-shing, introduced Xiaomi to him, and showed off our latest products, Xiaomi MIX 2S and Xiaomi 6X. During this visit, the two sides also reached a global cooperation, with the multinational group Cheung Kong Hutchison Industrial Co., Ltd. (“Changjiang Hutchison”) founded by Li Ka-shing and Xiaomi announced a joint formation of a global strategic alliance. (Source: Tencent Technology)
9. Meituan is investigating the leak of user information
According to Bloomberg, Meituan Dianping is investigating reports on large-scale data breaches. The food delivery and e-commerce giant said it is working with police to investigate the leaks reported. In addition, Meituan also acknowledged that criminal gangs have the ability to obtain these data due to the complexity of their business. (Source: Bloomberg)
Cross-border newsletter
10. Amazon wants to promote payment system, retailers can get discounts when using Amazon Pay
Amazon proposed Wednesday that the platform would offer discounts to those retailers if they use their own online payment service Amazon Pay, a move intended to expand its new services by sacrificing profits from online payments. This will undoubtedly pose a huge threat to digital wallet giants like PayPal. As soon as the news came out, Pay Pal's stock price fell by more than 4% on Wednesday. (Source: All-weather Technology)
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