November 18th E-commerce Morning News

　　#Laogao E-commerce Newsletter# [November 18 E-commerce Morning News Brief] Japanese and Korean companies join forces, Korean media: It will pose a huge threat to Alibaba and Tencent; Li Jiaqi's first public speech: Dreaming of being a globally renowned Chinese brand; Jack Ma: Returning to his 20s, he still needs to do e-commerce; Jack Ma held the African version of "Win in China": 10,000 entrepreneurs from more than 50 countries to register; Bill Gates' net worth reached US$110 billion and surpassed Bezos to become the richest man...

　　E-commerce newsletter

　　1. Japanese and Korean companies join forces, Korean media: It will pose a huge threat to Alibaba and Tencent

　　On November 17, South Korean media recently paid attention to the merger discussion between Japan's Yahoo and South Korea's LINE, believing that if the two parties successfully merge, they are expected to become rivals between China's Alibaba and Tencent in the Asian Internet market. "The alliance between Lee Hae-jin (founder of NAVER, the largest Internet company in South Korea) and Masayoshi Son (Chairman of SoftBank Group) is announced." The Korean "Chung Kong Ilbo" website described the merger of the two companies on November 15.

　　"Navigator" and SoftBank of Japan are promoting plans to merge their respective subsidiaries LINE and Yahoo Japan. According to reports, the two sides are expected to reach a final agreement on the merger case as early as the end of this month. If the two parties successfully merge, they will have more than 100 million users and occupy a strong position in the Japanese Internet and mobile markets.

　　All areas of the Japanese online market such as online comics, games, news, online banking, and virtual currencies will be included in the scope of impact of this merger.

　　South Korean media reported that if the two parties successfully merge, the "NAVER-SoftBank Alliance" will make a heavy debut in the global Internet hegemony competition led by the United States (Google, Facebook, Amazon, Twitter) and China (Alibaba, Tencent). The emergence of the "NAVER-SoftBank Alliance" is expected to pose a huge threat to China's Alibaba and Tencent. (Sina Technology)

　　2. The number of sellers soared, Amazon spent $400 million to fight against counterfeiting but failed

　　According to foreign media reports, Amazon's website is now full of fakes including high-quality Hermès bracelets, which has also caused repeated complaints from consumers. Former executives said the e-commerce giant spent $400 million to combat fraud and counterfeiting last year, but the task of expanding sellers still prioritized counterfeiting.

　　Amazon executives have publicly complained about the flood of fakes, saying they have spent hundreds of millions of dollars and hired thousands of employees to oversee the huge market for third-party sellers. But just like the fake Hermes bracelets appearing on the website, the Amazon system has failed to prevent the circulation of fake goods.

　　According to former Amazon executives and external consultants, fakes continue to appear on the site because Amazon has decided to expand the scale of products and lower product prices as a priority rather than adopting radical technologies and policies that may contain the problem.

　　Amazon relies on brand companies to identify counterfeit goods, but even if it acquires counterfeit goods, it does not necessarily take action. Many counterfeit products will enter Amazon’s warehouses before being shipped to consumers. But Amazon rarely checks products.

　　Amazon takes about 15% of the commission from third-party sellers' sales, regardless of whether the product is fake or not. But it’s not just luxury brands that suffer losses. According to recent testimony from the U.S. Department of Commerce, there are also many fakes in categories such as safety supplies, baby food and cosmetics. (NetEase Technology)

　　3. Foreign media: Amazon is under antitrust scrutiny for its massive entry into the logistics field

　　According to foreign media reports, documents seen by two people familiar with the matter show that Amazon's massive entry into the logistics field is under scrutiny by the EU antitrust regulator. It is reported that some merchants accused Amazon of rewarding merchants who paid for using the company's warehousing, packaging and delivery services, and helped them gain greater visibility on Amazon's e-commerce website. It is understood that in recent years, Amazon has continuously increased its investment in its own logistics system, and has therefore interrupted its cooperation with many express delivery companies. (Tencent.com)

　　4. Li Jiaqi's first public speech: Dreaming of becoming a globally renowned Chinese brand

　　On November 18, Li Jiaqi, the "No. 1 Internet celebrity" gave his first public speech at the 2019 Hejing Annual Conference. This time, he was not facing fans, but investors, entrepreneurs and media participating in the Hejing Annual Conference. In his speech, Li Jiaqi said that his dream is to be a globally renowned Chinese brand. (Global Photovoltaic Network)

　　5. Jack Ma: Go back to his 20s and still need to do e-commerce

　　November 18th news, Jack Ma recently attended a meeting in Africa and said that if he returns to his 20s or 30s, he will still choose e-commerce, payments, logistics, etc. because this is an unreclaimed land and people need these. Jack Ma believes that when he first started doing these things twenty years ago, people didn’t need them, but now people like e-commerce and believe in it. Regarding startup financing, Jack Ma said he hates many startups to measure their success by raising the amount of funds. (Tencent News)

　　Internet news

　　6. Ding Lei’s speech back to his middle school’s alma mater: He was the sixth from the bottom in the class and failed the Chinese language exam in the college entrance examination.

　　On November 18, NetEase founder Ding Lei appeared at the relocation ceremony of the new campus of Fenghua Middle School, his alma mater, and gave a 30-minute speech.

　　Ding Lei revealed that I failed the Chinese language exam in the college entrance examination. If I fail another subject, I will not even pass the college entrance examination. Unfortunately, during the college entrance examination, I forgot to do one page of chemistry. I just saw the transcript of the year given by the school. My chemistry score in the last semester of my senior year was 96 points, but I remember my chemistry score in the college entrance examination was 69 points. At that time, I took seven courses in three days in college, and the chemistry exam was taken that afternoon. After the exam, I was under great psychological pressure and felt that I didn’t do the last page and wouldn’t be able to get into college? Fortunately, after the score line fell, I was one point higher than the key score line.

　　Ding Lei also taught students to maintain their enthusiasm for lifelong learning even if they leave school. "Why do people have to learn all their lives? I think learning can help you understand this era more calmly and get along with this era. Because of learning, you will not fall behind. You will always be with excellent people, go hand in hand, and share the fun of exploring the world." (Tencent Technology)

　　7. Letter from Lei Jun before Kingsoft Office went public: Kingsoft Office went public, waiting for 20 years

　　According to November 18, last night, on the eve of Kingsoft Office's listing, Lei Jun, founder, chairman and CEO of Xiaomi Group, published a letter to all employees. In the letter, he said that tomorrow will be a milestone day, and Kingsoft Office has finally successfully listed on the Science and Technology Innovation Board! From Kingsoft founded in 1988 to today, WPS has been around for a full 31 years. We have been waiting for 20 years since we prepared to go public in 1999 with Kingsoft Office as the main body. The journey of WPS and Kingsoft, this is an inspirational story of sticking to your dreams and ultimately winning. Looking forward to everyone's blessings! (Titanium Media)

　　8. Jack Ma held the African version of "Win in China": 10,000 entrepreneurs from more than 50 countries sign up

　　According to November 17, on the evening of November 16, local time, Jack Ma's African Entrepreneurs Competition held the final in Ghana. 10 entrepreneurs stood out from more than 10,000 contestants in more than 50 countries across Africa and received a $1 million prize from Jack Ma's African Entrepreneurship Fund. (China News Service)

　　9. Bill Gates' net worth reached US$110 billion and surpassed Bezos to become the richest man

　　According to foreign media reports, Bill Gates, a US Microsoft company, currently has a net worth of US$110 billion (approximately RMB 770.825 billion), surpassing Amazon founder Jeff Bezos and becoming the world's richest man again. (Chuangyebang)

　　Cross-border newsletter

　　10. Weihai inspected and released 6 million tickets for cross-border e-commerce exports in the first three quarters

　　According to reports on November 17, it is reported that in the first three quarters of this year, Weihai ports inspected and released a total of 6.04 million votes on the cross-border e-commerce export list, an increase of 82.4% year-on-year, and the value of goods was 1.78 billion yuan, an increase of 36.3% year-on-year. The number of votes and value of goods ranked first in the province. At present, more than 40 e-commerce companies have chosen to export goods through the Weihai Port e-commerce channel, mainly electronic products, clothing, and toys. (E-commerce News)

 Click to register to apply to join the well-known domestic e-commerce network - Laogao E-commerce Club. Any merchants from all over the country, Tmall merchants, Taobao Crown Store, Jinguan Store, and other e-commerce platform merchants can apply to join!

,