November 29th E-commerce Morning News

　　#Laogao E-commerce Newsletter# [November 29 E-commerce Morning News] Pinduoduo will lead 500 home furnishing brands into the "billion yuan club"; the Hong Kong Stock Exchange responded to "When will Alibaba be included in the Hong Kong Stock Connect": Looking forward to negotiating with relevant parties; Kuaishou and Zhejiang University signed a strategic cooperation agreement; Ministry of Industry and Information Technology: Number portable users account for 2% of the total, nearly half of them transferred to telecommunications, and the most mobile phones were transferred out; Storm Group received a letter of concern because senior executives resigned and business went to a halt...

　　E-commerce newsletter

　　1. Tencent WeChat Insurance announced its transcript: more than 55 million registered users

　　On November 29, yesterday, Tencent’s insurance agency platform "Wei Insurance" handed over the "report card" that was launched for two years. After two years of development, Weibao has more than 55 million registered users and provides insurance services to more than 25 million users. The per capita premium for Wei Insurance users exceeds 1,000 yuan, and the user's insurance repurchase rate is as high as 40%. At the same time, Weibao has also released the industry's first full-process anti-cancer solution covering healthy and sick people, and has joined hands with partners in the insurance and health medicine fields to open up the entire process of cancer prevention, protection, treatment and payment, and achieve full coverage of anti-cancer protection from healthy people to cancer people. (Europe)

　　2. Pinduoduo will lead 500 home furnishing brands into the "billion yuan club"

　　"In the first three quarters of this year, the overall sales of household goods on the Pinduoduo platform increased by more than 400% compared with the same period last year, covering more than 90% of well-known brands. It has become the main platform leading the new home era. Pinduoduo quickly leaps into the second largest online market in the home furnishing industry." On November 27, Pinduoduo co-founder Dong Zao said at the "2019 Cool + Global Pan-Home Digital Ecological Conference". Dongzao said that the platform will make "big moves" in the home furnishing industry in the next step. "We plan to lead more than 500 industrial belt merchants into 'billion-yuan clubs' and 10,000 companies into '10 million clubs' in the next three years through intelligent transformation of the industrial belt and consumer data guidance. (Yiou)

　　3. Baidu Brain releases new technology for voice interaction

　　Baidu Brain today released an end-to-end recognition technology based on plural CNNs that integrates speech enhancement and acoustic modeling. This technology does not require any prior assumptions in the discipline of digital signal processing and speech recognition. The complex CNN network memory occupies less than 200K and can be built into the Baidu Honghu chip. Jia Lei, chief architect of Baidu Voice, said, "This technology has completed the technological revolution in the two fields of digital signal processing and speech recognition. It uses an end-to-end acoustic model, without the support of any field and industry, to solve the two cross-field voice recognition problems." (Pinwan)

　　4. The Hong Kong Stock Exchange responded to "When will Alibaba be included in the Hong Kong Stock Connect": Looking forward to negotiating with relevant parties on this

　　On November 28, according to China Securities Journal, in response to the matter of "When will Alibaba enter the Hong Kong Stock Connect so that mainland investors can buy Alibaba through the Hong Kong Stock Connect", the Hong Kong Stock Exchange responded that at present, the stocks of companies with different voting rights structures listed on the second list have not yet been included in the Hong Kong Stock Connect stock scope, and we look forward to negotiating with relevant parties on this in the future (E-commerce News)

　　Internet news

　　5. Kuaishou and Zhejiang University signed a strategic cooperation agreement

　　According to November 28, Zhejiang University and Beijing Kuaishou Technology Co., Ltd. recently held a strategic cooperation signing ceremony. Kuaishou will provide cutting-edge technologies and platforms in artificial intelligence, big data, short videos, etc., and integrate and connect with Zhejiang University's industry-university-research resources. In the future, the two parties will carry out all-round and in-depth strategic cooperation in the construction of publicity platforms and communication channels, industry-university-research cooperation, talent training and scientific research, and the construction of short video shooting centers, and explore new models of school-enterprise cooperation in the "Internet +" era. (E-commerce News)

　　6. 41 competitors send a joint letter accusing Google of contempt of EU ruling

　　According to foreign media reports, Google's 41 European competitors sent a joint letter to EU antitrust commissioner Margaret Vestager today, urging the EU to take further action against Google because it did not comply with a 2017 EU ruling. In June 2017, the European Commission announced that it had decided to impose a fine of 2.42 billion euros on Google because it favored its own service in search results and asked Google to stop such unfair competition. (Sina Technology)

　　7. The scale of China's digital reading market reached 25.45 billion yuan, an increase of 19.6% year-on-year

　　According to the "2018 China Digital Reading White Paper", in 2018, the overall market size of China's digital reading reached 25.45 billion yuan, a year-on-year increase of 19.6%, and is still in a period of rapid growth. With the issuance of 5G commercial licenses and the application of technologies such as VR (virtual reality), artificial intelligence, and the application scenarios and user experience of digital reading will be further enriched and improved. In the future, the development of digital reading will enter the "fast road" and win more users. (People's Daily Overseas Edition)

　　8. Ministry of Industry and Information Technology: Number portable users account for 2% of the total, nearly half of them are transferred to telecommunications, and the most mobile is transferred out of the market.

　　The "number portability" service has officially expanded nationwide. Previously, five early-stage experimental provinces (cities) including Tianjin and Hainan officially provided services on September 19. According to data from the Ministry of Industry and Information Technology, as of November 26, the above five experimental provinces have completed 3.16 million number portable users. Judging from the previous data, less than 2% of the total number portable people have been portable. The number of users transferred from China Telecom, China Mobile and China Unicom accounted for 16.3%, 57.6% and 26.1% of all transferred users, respectively, and the proportion of transferred users was 49.3%, 28.1% and 22.6%. (21st Century Business Herald)

　　9. Storm Group received a letter of concern because executives left their jobs and business went to a halt

　　On January 28, the Shenzhen Stock Exchange issued a letter of concern to Storm Group: All senior management personnel of Storm Group have resigned, and the securities affairs representative who assists in information disclosure has also resigned. Up to now, relevant senior management personnel and securities affairs representatives have not been hired. It is required to fulfill information disclosure obligations in a timely manner regarding the company's risk situation, ensure that the disclosed information is true, accurate and complete, and there are no false records, misleading statements or major omissions, and take effective measures to protect the legitimate rights and interests of investors, especially small and medium-sized investors. On the 27th, Storm Group said that due to the owed payment for the server hosting of the partner's computer room, the partner had terminated its provision of services, the company's website and mobile client could not provide services normally, and its main business was in a state of suspension. (Titanium Media)

　　Cross-border newsletter

　　10. This year's "Black Friday" is a bit awesome. Russian merchants are selling heavy snow on AliExpress

　　As snow began to fall in the north, the "snow writing service" service began to be popular on major online shopping platforms. Coincidentally, with the approaching of the "Black Friday" carnival shopping festival, Russians have opened up their brains on the cross-border e-commerce platform AliExpress, bringing their original goose feather heavy snow to the Internet, and starting a Black Friday snow sale promotion. (Hugo.com)

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