E-commerce Morning News on December 18

　　#Laogao E-commerce Newsletter# [E-commerce Morning News on December 18] Pinduoduo responded to merchants selling fake wine: stores have been closed; Taobao live broadcast Yu Guan: store self-broadcasting is an important direction for Taobao live broadcast; Alipay WeChat responded to 3D mask cracking facial recognition: if it is stolen, you can apply for compensation; Wang Sicong's company Panda Interactive Entertainment was sentenced to pay 3.6 million yuan to Tencent; Kweichow Moutai: The board of directors agreed to disband the e-commerce company and liquidate and cancel it...

　　E-commerce newsletter

　　1. Pinduoduo responds to merchants selling fake wine: stores have been closed

　　According to the news on December 18, in response to the incident of "Pinduoduo selling fake wine", Pinduoduo responded that the store involved was closed by the platform on September 6. According to Pinduoduo's response, the store was detected by the platform in May. After the platform purchased it and confirmed it as a counterfeit in September, it imposed a third-level punishment on the store and closed the store. (E-commerce News)

　　2. Taobao Live Yu Guan: Store self-broadcasting is an important direction for Taobao Live

　　According to December 17, at the 2019 4th China New Entertainment and New Consumption Annual Summit held today, Yu Guan, head of Taobao Live MCN business, said that store self-broadcasting is an important direction for Taobao Live, but there are no phenomenal stores yet. The MCN platform that incubates e-commerce live broadcasts has opportunities to develop in the direction of store self-broadcasting. It is reported that at the end of last month, Xuan De, general manager of Taobao Content E-commerce Department, revealed that Taobao Live will soon launch the "10 billion support plan" to support more celebrities, Taobao anchors, and PGC institutions to join Taobao Live. (interface)

　　3. The exclusive customer service hotline of Jingxiakura is officially launched

　　On December 17, "Jingxiaocang", a mini warehouse business under JD Logistics, which specializes in providing professional storage services for individuals and small and medium-sized enterprises, officially launched its exclusive customer service hotline. The dedicated line number is 950616-4. Users only need to call JD Logistics customer service hotline 950616 and press the 4 keys according to the voice navigation to navigate to the "Jingxiaokuang" business. Consumers can conduct business consultation anytime and anywhere. (E-commerce News)

　　4. Tmall launches the "Points Rejuvenation Year" event

　　On December 17th, today, Tmall’s official Weibo released a message saying that Tmall launched the “Points Renewal Year” event. From now until December 31st, users can search for “Points Renewal Year” on the Tmall APP, use points to redeem shopping coupons, and make up the price difference to exchange for big-name makeup and other products. In addition, 88VIP can also participate in the full-point flash sale event. (Titanium Media)

　　5. Alipay WeChat responds to 3D mask cracked facial recognition: If you cheat, you can apply for compensation.

　　On December 17, according to Kan News, the US artificial intelligence company Kneron used high-quality 3D masks to crack the payment facial recognition system including Alipay and WeChat. Both Alipay and WeChat said that if face-scan payment occurs, they can apply for full compensation if face-scan payment causes stolen money. It is reported that the Alipay team responded that it had previously tried to contact the company to obtain detailed information, but the other party removed the news and video. WeChat said that a number of technologies have been used to resist such attacks. (IT Home)

　　Internet news

　　6. Panda Interactive Entertainment, a company under Wang Sicong's name, was sentenced to pay 3.6 million yuan to Tencent

　　12月17日消息，广东省深圳市南山区人民法院对腾讯诉熊猫互娱合同纠纷案作出判决，前熊猫直播的运营主体上海熊猫互娱文化有限公司（熊猫互娱）需在十日內向原告腾讯支付授权费300万元及利息、违约金60万元。（新浪科技）

　　7. Online video users have accounted for nearly 90% of the total number of netizens

　　It was learned from the 2019 Shanghai Internet Audio-Visual Industry Week that as of June 2019, the scale of China's online video users reached 759 million, an increase of 33.91 million from the end of 2018, accounting for 88.8% of the total netizens; in 2018, the national online video market size was about 124.95 billion yuan, and the national video content market size was about 201.68 billion yuan. The online video market size has far exceeded the traditional film industry (the national box office in 2018 was 60.976 billion yuan), becoming one of the most important components of China's cultural industry. (People's Daily)

　　8. Kweichow Moutai: The board of directors agrees to dissolve the e-commerce company and carry out liquidation and cancellation

　　On December 17, Kweichow Moutai issued an announcement tonight stating that the company's board of directors meeting agreed that the company's shareholding company Kweichow Moutai Group E-Commerce Co., Ltd. (hereinafter referred to as e-commerce company), will dissolve and liquidate and cancel, and the company will exercise shareholder rights at the e-commerce company shareholder meeting and vote to agree to the dissolution of e-commerce companies and other related proposals. The company holds 25% of the shares of the e-commerce company, and the dissolution of the e-commerce company will not have a significant impact on the company's overall business development and financial status. (E-commerce News)

　　9. Tencent Music announced a stock repurchase plan of up to US$400 million, up more than 3% before the market

　　Tencent Music Group announced today that the board of directors has approved a stock buyback program that allows the company to buy up to $400 million in American depositary shares (ADS) over a 12-month period starting December 15, 2019. Tencent Music's stock price rose 3.39% to $11.88 before the U.S. stock market was trading at US$11.88. (Tencent Securities)

　　Cross-border newsletter

　　10. Amazon provides international reviews for buyers to merge the site review

　　According to Hugo.com, in order to provide buyer reviews to consumers around the world, Amazon is trying to review the same product released by multiple sites on the same seller. The merged review will be centrally displayed under the bold font "Top international reviews". At the same time, for the products that merge reviews, there is an additional "Best International Review" section. According to Amazon customer service, the feature started on October 15, 2019 and is currently in the testing phase. (E-commerce News)

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