November 18th E-commerce Evening News

　　#Laogao E-commerce News# [November 18 E-commerce Evening News Brief] Gree Electric Appliances: The cost of the Double 11 promotion is paid by the company; Alibaba assists the Chinese and Arab police in cracking the "world's largest cross-border fake LV case"; Kuaishou responds to "reaching exclusive interactive cooperation with CCTV Spring Festival Gala": no response; Lei Jun talks about the difference between Kingsoft and Xiaomi: the former is more technological, while the latter is more innovative and young; ByteDance responds to launching music streaming services: no comment...

　　E-commerce newsletter

　　1. Gree Electric Appliances: The cost of the Double 11 promotion is paid by the company

　　According to November 18, Gree Electric held the second extraordinary general meeting of shareholders in 2019. During the questioning session, a shareholder asked whether the cost of the Double 11 promotion will be borne by the dealer? Wang Jingdong, secretary of the board of directors of Gree Electric Appliances, said that the company pays the cost of promotions. This promotion is linked online and offline, and the effect is relatively good. (Securities Times)

　　2. China Telecom and JD Logistics signed a 5G strategic cooperation agreement

　　According to November 18, China Telecom Group Co., Ltd. and JD Logistics recently signed a 5G strategic cooperation agreement. The two parties will focus on 5G application and development, intelligent logistics, smart transportation and other fields to carry out scientific research and innovation and in-depth cooperation. Based on the cooperation agreement, the two parties will establish a joint project team of 5G, edge computing, cloud dedicated lines, Internet of Things, etc., to carry out collaborative research on the deployment of communication networks and logistics resources in terms of planning and layout, sharing and co-construction, and complementary capabilities; and jointly carry out intelligent park planning, design and construction with 5G, edge computing, Internet of Things and other technologies as the core. (Securities Times)

　　3. Alibaba assists China-Arab police in solving the "world's largest transnational fake LV case"

　　According to November 18, recently, Chinese and UAE police cracked down on a cross-border counterfeiting and selling counterfeit products, seized more than 20,000 luxury goods such as fake LV, with a case value of nearly 1.8 billion. It is understood that Alibaba Intellectual Property Protection Technology Brain Technology plays a role in assisting in this case. In mid-July this year, the Dubai Police General Administration visited Alibaba, hoping to join the Alibaba Anti-Counterfeiting Alliance (AACA) and cooperate on cross-border anti-counterfeiting. Alibaba's chief platform governance officer Zheng Junfang said that although the counterfeit goods involved in this case are not sold on Alibaba's platform, and there is no distinction between counterfeiting and borders, Alibaba is willing to join forces to fight counterfeiting. It is reported that in the past two years, Alibaba has used this technology to assist law enforcement agencies across the country to crack 12.2 billion yuan in counterfeiting and selling cases. (E-commerce News)

　　4. Youzan's first three quarters financial report: GMV reached 38 billion yuan, a year-on-year increase of 70%

　　On November 18, the financial report for the first three quarters of 2019 released by Hong Kong-listed company and SaaS service provider China Youzan recently showed that in the first three quarters of this year, Youzan's GMV reached RMB 38 billion, a year-on-year increase of 70%; total revenue was HK$915 million, a year-on-year increase of 63%. It is reported that as of the first half of 2019, the total number of Youzan merchants has reached 4.9 million; in the first half of this year, Youzan merchants' transaction volume on Kuaishou reached 1 billion yuan. (Yibang Power)

　　Internet Information

　　5. Kuaishou responded to "reaching exclusive interactive cooperation with CCTV Spring Festival Gala": no response

　　According to the news on November 18, according to the late Latepost report today, Kuaishou has bid to win the exclusive interactive partner of the 2020 CCTV Spring Festival Gala, and the bidders include Alibaba, Pinduoduo and ByteDance. According to reports, Kuaishou's 2020 Spring Festival Gala budget will be higher than Baidu. In response, Kuaishou said it would not respond. (Titanium Media)

　　6. Gree Electric responds to making chips: It is not simply burning money, but gradual

　　On November 18, at the extraordinary shareholders' meeting of Gree Electric Appliances, Wang Jingdong, secretary of the board of directors of Gree Electric Appliances, said in response to shareholder questions that the company's chip production is not simply burning money, but following the laws of the industry, step by step, first understand the industry rules, combine its own needs, find some strategic partners, and promote it very carefully. (Shanghai Securities News)

　　7. Tencent Kandian has 185 million daily active users, with an average daily use of up to 49 minutes.

　　On November 18, Yang Dazhi, general manager of the information flow platform product department of Tencent Platform and Content Business Group, announced today that Tencent’s daily active users have reached 185 million, and it is still maintaining good growth.

　　According to Yang Dazhi, Tencent Kandian's users on the three major platforms of Kandian Express, QQ Browser and Tencent QQ cover all age groups. Among them, the users of Kandian Express aged 19-40 account for 57%, the users of QQ Browser under the age of 35 account for 75%, and the young users of Tencent QQ platform under the age of 25 account for 70%.

　　Official data from Tencent Kandian shows that Tencent Kandian's daily content consumption reached 8.25 billion, and the per capita single-day usage time was as long as 49 minutes. TechWeb)

　　8. Lei Jun talks about the difference between Kingsoft and Xiaomi: the former is more technological, while the latter is more innovative and young

　　On November 18, Lei Jun, Chairman of Kingsoft Group and Chairman and CEO of Xiaomi Group, said when talking about the difference between Kingsoft Software and Xiaomi, "Kingsoft Software is more inclined to programmer culture and technology; Xiaomi is younger, more innovative, and has a combination of soft and hard models." "But the things in the bones of both companies are the same, and they both have dreams and pursuits." (Titanium Media)

　　9. ByteDance responds to launching music streaming service: no comment

　　On November 18, media recently revealed that Toutiao, TikTok's parent company ByteDance plans to launch music streaming services similar to Spotify and Apple Music. In response, ByteDance responded negatively: he would not comment on market rumors. (36kr)

　　Cross-border e-commerce

　　10. New Indian e-commerce regulations: restrict e-commerce platforms from directly or indirectly affecting product prices, and process returns and refunds within 14 days

　　According to the Economic Times of India, the Ministry of Consumer Affairs of India recently pointed out in the proposed draft rules that e-commerce companies cannot affect the price of products sold on their platforms and must abide by fair trade practices.

　　It is understood that the Indian Ministry of Consumer Affairs has issued the draft "Consumer Protection (E-commerce) Rules 2019" and publicly solicited opinions before December 2.

　　According to the draft, e-commerce companies should not "directly or indirectly affect the prices of goods and services" but need to "maintain a level playing field." The draft rule states: "(E-commerce companies should not) adopt any unfair methods or deceptive practices that may affect shoppers' purchasing decisions in order to promote the sale, use, and supply of goods or services." The draft rule also prohibits e-commerce sellers from impersonating consumers and posting comments, distorting or exaggerating the quality or characteristics of goods and services. E-commerce companies must also provide detailed information about the seller, including their business identity, legal name, primary geographical location, website name, products sold, and contact information with customers.

　　According to the draft, e-commerce companies should ensure that customers’ personally identifiable information is protected and that the collection, storage and use of such data are in compliance with the provisions of the Information Technology (Amendment) Act of 2008. Another provision requires e-commerce companies to accept customers' return requests in the event of delayed delivery, product defects, mis-issuance or fraud, and refund all payments from customers within 14 days. The proposal also requires e-commerce companies to disclose the contract terms signed with sellers related to returns, refunds, exchanges, warranty/guarantees, delivery/shipment, payment methods, appeal handling mechanisms, etc.

　　CAIT (Indian Traders Federation) Secretary-General Praveen Khandelwal said the move will promote transparency, fairness and greater responsibility for e-commerce companies. But it was indeed discovered that some e-commerce companies still blatantly violate foreign direct investment policies. (Hugo.com)

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