E-commerce Morning News on January 17

"#Laogao E-commerce Newsletter# [E-commerce Morning News on January 17]" Ant Financial may be negotiating with investment banks on the restart of its IPO plan; Pinduoduo: It will add 3 billion subsidies and red envelopes based on the existing 10 billion subsidies; 78% of netizens said they do not support it and call the ride-hailing owner the master; Indian minister responded that Amazon's additional investment of 1 billion US dollars: it did not bring any benefits to India; Bezos: If Amazon fails, I will be a happy programmer...

E-commerce newsletter

1. Ant Financial may be negotiating with investment banks on restarting its IPO plan

According to reports on January 17, Ant Financial is negotiating with investment banks to restart its initial public offering (IPO) plan. According to two people familiar with the matter, Credit Suisse and CICC participated in the preliminary preparations. Alibaba holds a small number of shares in CICC and has long-term cooperative relationships with Credit Suisse. (Sina US stocks)

2. Pinduoduo: It will add 3 billion subsidies and red envelopes on the basis of the existing 10 billion subsidies

On January 16, Pinduoduo released the "New Year's Goods Festival Hot Sales List". Data shows that during the activity period, the sales of fruit products doubled compared with the same period last year, with the order volume of apples alone reaching 6 million; Hunan, Hubei and Sichuan are the three inland provinces with the most seafood on the platform; the sales of chocolate products increased by 163% compared with the same period last year. In addition, a relevant person in charge of Pinduoduo said that in order to promote holiday consumption, the platform will also add 3 billion yuan of subsidies and cash red envelopes based on the existing 10 billion subsidies. (Securities Times)

3. Qudian announced a new equity repurchase plan of US$500 million

On January 16, Qudian Group issued an announcement, announcing a new equity repurchase plan of US$500 million. At the same time, Qudian announced the withdrawal of its full-year net profit target for 2019 and will not issue performance guidance for the 2020 fiscal year in the short term. Qudian said that in view of its positive judgment on the company's long-term future development and its commitment to continue to contribute value to shareholders, the company's board of directors approved a new equity repurchase plan. According to the plan, Qudian will repurchase US depositary shares representing the company's common shares in the next 30 months. (E-commerce News)

4. Tencent Financial Management has exceeded 150 million yuan in the number of funds owned by RMB 800 billion

On January 16, Tencent Financial Management and the National Financial and Development Laboratory jointly released the 2019 "Internet Financial Management Behavior and Security Research Report". The report shows that continuing the strong regulatory trend of Internet finance last year, the overall scale of the wealth management market in 2019 fell from 135.4 trillion in 2018 to 129.7 trillion. It is reported that at present, Tencent Financial Management's capital ownership has reached RMB 800 billion, and the number of users has exceeded 150 million. (E-commerce News)

5. Alibaba’s “Treasure of Hometown”: New Year’s goods festival helps farmers sell more than 133 tons of oranges

According to reports on January 16, data released by Alibaba showed that the "Treasure of Hometown" planned to help Fengjie County, Chongqing successfully sell 25,000 orders in three days, including a total of 133 tons of oranges during the New Year's Festival from January 6 to 10. According to reports, "The Treasure of Hometown" is the e-commerce agricultural poverty alleviation plan jointly initiated by Alibaba Digital Agriculture and Alibaba Mama Taobao Alliance this year. It aims to find and help agricultural products with Chinese characteristics origin. Through social e-commerce networks throughout the country, it helps local farmers to sell their origins directly and increase their income. (E-commerce News)

Internet Information

6. 78% of netizens said they did not support calling the ride-hailing owner the master

On January 16, the fifth issue of the ride-sharing industry standard project research meeting ended recently on the issue of "Will you call the hitchhiking owner a master?" Nearly 4.5 million netizens participated in brainstorming, and nearly 750,000 people participated in the voting on Didi Travel Platform. Judging from the voting for the fifth issue, 78% of those who do not support the caller are not supported, and 22% of those who support the caller are not supported. Among them, most netizens who support calling the master are passengers. (E-commerce News)

7. Xiaomi creates more than 50,000 jobs in India

According to newKerla, Xiaomi India branch revealed in a statement that Xiaomi has created more than 50,000 jobs in India. It is reported that Xiaomi India branch is headquartered in Bangalore, with more than 1,000 employees and offices in five regions. Xiaomi has more than 30,000 employees with India's manufacturing partners, 95% of whom are women. According to the Counterpoint Research report, in the third quarter of 2019, Xiaomi once again became the best-selling product in the online sales of smartphones in India. (Global Network)

8. Indian Minister responds to Amazon's $1 billion investment: No benefits to India

According to foreign media reports, Amazon CEO Jeff Bezos announced a new $1 billion investment plan during his visit to India to help Indian small and medium-sized enterprises digitalize. But on Thursday, India's trade minister said Amazon's new investment did not bring any benefits to India. More and more physical retailers in India accused U.S. industry giants such as Amazon and Walmart's Flipkart of violating Indian laws, using their financial advantages to fight price wars, causing billions of dollars in losses to local merchants and discriminating against small merchants. But both companies deny the allegations. (NetEase Technology)

9. Bezos: If Amazon fails, I will be a happy programmer

Bezos, the world's richest man and founder of Amazon, said in a "fireside interview" during his visit to India on Wednesday that if Amazon does not succeed, he will now be a happy programmer somewhere. "What happened in the past 25 years (Amazon) far exceeded my expectations. I hope to build a company, but not like you see today." (Sina Finance)

Cross-border e-commerce

10. Cross-border e-commerce service provider Shopyy releases the 2020 Spring Festival holiday announcement

On January 16, Shopyy, a cross-border e-commerce independent website platform, released holiday arrangements during the Spring Festival today. Shopyy will be on holidays and will go to work on February 3, 2020, and will set up duty personnel to provide 24-hour services to platform sellers during the festival. It is reported that Shopyy is determined to be the most suitable brand independent website for China's cross-border e-commerce. It is positioned as a B-end commercial product and provides complete after-sales service and overall product solutions, suitable for cross-border SOHO/small wholesale/traditional entity/platform seller/marketing expert, etc. (Hugo.com)

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

,