#Laogao E-commerce Newsletter# [E-commerce Morning News on March 14] 1. HNA Technology responded to why it acquired Dangdang: Fill in the traffic entrance of C-end; 2. Affected by the complaints, JD fell by more than 3% in the morning; 3. Ant Financial invested in Pakistan’s small and micro bank TMB and wanted to create a local version of “Alipay”; 4. Lei Jun resigned as chairman of Cheetah Mobile and CEO Fu Sheng succeeded; 5. Musk: I never made a business plan; 6. TikTok not only became popular in China but also in Southeast Asia...

E-commerce newsletter
1. HNA Technology responds to why it acquires Dangdang: Fill in the C-terminal traffic entrance
According to 21st Century Business Herald, HNA Technology's relevant person responded to the acquisition of Dangdang, saying that the acquisition is now being advanced and the two parties have not signed an agreement yet. Tianhai Investment’s acquisition mainly focuses on Dangdang’s customer operation experience, big data and brand accumulated in the e-commerce field. "The ABCD strategy has been clarified now, but the current resources are mainly concentrated on the B-end, while Dangdang, which is facing the C-end, can well improve Tianhai's business segment layout and achieve linkage synergy effect." (Source: 21st Century Economic Network)
2. Affected by the complaint incident, JD.com fell by more than 3% in the early trading session
Affected by consumer complaints, JD.com fell $1.56 in the early trading on Tuesday to $44.45, a drop of 3.39%. Yesterday, the writer Liuliu posted a message saying that he bought fake goods on JD.com. He bought a Comfort U waist pillow from JD.com. The merchant actually sold it to him a waist pillow marked Contour U. JD.com was suspected of using a pillow of RMB 212, pretending to be a pillow of RMB 700, and then sold it to Chinese consumers for RMB 1,489. (Source: Sina Technology)
3. Ant Financial invests in Pakistan’s small and micro bank TMB and wants to create a local version of “Alipay”
On the evening of March 13, Beijing time, Norwegian Telenor Group and Ant Financial jointly announced the establishment of a strategic partnership. Ant Financial will invest US$184.5 million to acquire a 45% stake in the former's subsidiary TMB (Telenor Microfinance Bank), a subsidiary in Pakistan, and will import Alipay's technology and experience in the future.
TMB is a local micro-financial bank with 181 branches and 76,000 agency outlets in Pakistan. It mainly provides small financing and related financial services to people with fewer rights or no bank accounts in the local society, including farmers, fishermen, small vendors, and young people and women who do not have sufficient economic foundation. (Source: 36kr)

Ant Financial invests in Pakistan’s small and micro bank TMB and wants to create a local version of “Alipay”
Internet news
4. Lei Jun resigned as chairman of Cheetah Mobile and succeeded to CEO Fu Sheng
On the evening of March 13, Beijing time, Cheetah Mobile (NYSE:CMCM) announced a series of changes in board membership, including the company's chairman Lei Jun who voluntarily resigned and CEO Fu Sheng succeeded to the position of chairman.
Cheetah Mobile also announced that it would appoint Ning Zhang, Tianyang Zhao and Dr. Yi Ma as independent directors. Among them, Zhao Tianyang will serve as a member of the Audit Committee and Remuneration Committee, Zhang Ning will serve as chairman of the Remuneration Committee, and a member of the Nomination and Corporate Supervision Committee. In addition, Cheetah Mobile's board of directors also appointed the company's senior vice presidents, Ms. Jie Xiao and Pin Zhou, as directors of Tencent Investment Rui Hao. (Source: Sina Technology)
5. Apple and Google's corporate reputation declined sharply, and Amazon ranked first for three consecutive years
Poll, a polling agency, released the 2018 "U.S. Corporate Reputation Ranking" report yesterday. Apple's ranking fell from 5th last year to 29th, and Google fell from 8th last year to 28th. And two years ago, Apple ranked second. Amazon has been at the top for three consecutive years.
Harris Poll CEO John Gerzema said that the reason Apple and Google's rankings fell may be because the two companies have not launched new products that attract attention recently as much as before. (Source: Sina Technology)
6. Musk: I never make a business plan
On March 11, at SXSW 2018, Musk chatted with Westworld director Jonathan Nolan for an hour. When asked how to make a business plan, Musk said he never did a business plan and wishful thinking always leads to a series of problems. (Source: Chuangyebang)
7. Open plug-in functions of mini program
In the future, developers can develop a plug-in just like developing a mini program, which is provided to other mini programs: plug-ins are functional components that can be added to the mini program and used directly. Developers can develop a plug-in just like developing a mini program for use by other mini programs. At the same time, mini program developers can directly use plug-ins in mini program to provide services to users without repeated development. Developer Tools have added a "code snippet" function to facilitate developers to exchange development experience. (Source: Phoenix.com)
8. TikTok is not only popular in China but also in Southeast Asia
Tik Tok became Tik Tok overseas and went online on Google Store on May 12 last year. So far, it has achieved good results so far - according to the global data of Google Store, the total number of installations has exceeded 10 million, with a rating of 4.5. (Source: Yibang Power)

TikTok is not only popular in China but also in Southeast Asia
9. Harrow Bicycle promotes credit-free deposit, saying it is expected to waive more than 30 billion deposit
On March 13, Harrow Bicycle announced at the launch of the "National Deposit Free Strategy" in Beijing that it will be the first in the industry to launch a nationwide credit deposit exemption. Users with Sesame scores of over 650 can ride Harro bikes nationwide without a deposit by "scan" the body QR code through Alipay and choose authorized Sesame Credit.
On March 13, Harrow Bicycle announced at the launch of the "National Deposit Free Strategy" in Beijing that it will be the first in the industry to launch a nationwide credit deposit exemption. Users with Sesame scores of over 650 can ride Harro bikes nationwide without a deposit by "scan" the body QR code through Alipay and choose authorized Sesame Credit.
Harrow Bicycle said that the activity is expected to radiate 160 million riding users by the end of this year, with a total amount of exemption from deposits exceeding 30 billion yuan. In the past three months, Sesame Credit exemption, which has been carried out in 20 cities, has exempted Harrow users from a deposit of approximately 1.889 billion yuan. (Source: Pengpai)
Cross-border e-commerce
10. More than 50 reports of overheating and fires Amazon recalls 260,000 yuan of its own charging bank
Amazon officially recalled 260,000 mobile power banks from the Amazon Besy brand. According to a statement at the Consumer Product Safety Clerk Conference press conference, these products contain the risks of overheating and fire. (Source: Sina Technology)
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