Laogao E-commerce Newsletter on May 15th

　　#Laogao E-commerce Newsletter# [May 15th E-commerce Morning News] 1. The Belt and Road Dinner proposed the inclusion of the digital Silk Road artificial intelligence in the plan; 2. The ransomware variant, and the three departments in Beijing recommend that they be dealt with immediately; 3. Unlike the panda's showing off their incense, the Bitcoin virus ransomware affects PetroChina; 4. Jack Ma: The "Belt and Road" hand over the mission of globalization to China; 5. China's online consumption of US$750 billion surpasses the United Kingdom and the United States.

　　1. The Belt and Road Dinner proposes the inclusion of digital Silk Road artificial intelligence into the plan

　　On May 14, President Xi Jinping attended the opening ceremony of the Belt and Road International Cooperation Summit Forum and delivered a keynote speech. In his speech, he mentioned that the construction of the Belt and Road should require motivation to innovate and connect to the "Digital Silk Road" of the 21 world, creating entrepreneurial space for young people from all countries in the Internet era. Xi Jinping said that China should build the "Belt and Road" into a path of innovation. Innovation is an important force in promoting development. The construction of the "Belt and Road" itself is an innovation, and we must also seek motivation from innovation to carry out the construction of the "Belt and Road". (Source: Internet)

　　Comment: China must adhere to innovation-driven development, strengthen cooperation in cutting-edge fields such as digital economy, artificial intelligence, nanotechnology, quantum computers, and promote the construction of big data, cloud computing, and smart cities, and connect it into the digital Silk Road in the 21st century.

　　2. Ransomware worm virus variant, three departments in Beijing recommend dealing with it immediately

　　On May 15, the Beijing Municipal Party Committee Cyberspace Affairs Office, the Beijing Municipal Public Security Bureau, and the Beijing Municipal Economic and Information Commission jointly issued the "Notice on the Mutations and Disposal of WannaCry Ransomware Worm". The Notice pointed out that the relevant departments found that the WannaCry ransomware variant: WannaCry 2.0. Unlike previous versions, this variant cancels the so-called Kill Switch and cannot turn off the spread of the variant ransomware by registering a domain name. The spread of this variant may be faster, and the relevant disposal method of this variant is the same as the previous version, and it is recommended to pay attention and disposal immediately. (Source: Tencent Technology)

　　Comment: While the Internet brings convenience, it will inevitably be accompanied by high risks.

　　3. Unlike the panda's incense-burning technique, the Bitcoin virus ransomware affects PetroChina

　　According to reports on May 15, it is reported that the operation of some gas stations under PetroChina has been affected due to the outbreak of WannaCry ransomware. On May 13, gas stations under CNPC, including Beijing, Shanghai, Hangzhou, Chongqing, Chengdu and Nanjing, suddenly cut off the Internet in the early morning of the same day. Due to the disconnection, they could not use bank cards or use online payments, so they could only use cash. The gas station gas station refueling business was operating normally. ? (Source: Sina Finance)

　　Comment: Pit.

　　4. Jack Ma: The Belt and Road Initiative has handed over the mission of globalization to China

　　On May 14, Alibaba Group Chairman Jack Ma said at the parallel theme meeting of "Strengthening Policy Communication and Strategic Docking" of the "Belt and Road" International Cooperation Summit Forum that the "Belt and Road" has handed over the mission of promoting globalization to China. It is worth noting that at this meeting, in addition to Jack Ma, the representative of Chinese companies, Liu Qitao, chairman of China Communications Construction Co., Ltd., which is a central enterprise. Some analysts believe that this means that private enterprises, like state-owned enterprises, are an important force in the construction of the "Belt and Road". (Source: Sina Comprehensive)

　　Comment: Follow the big trend.

　　5. China's online consumption of US$750 billion surpasses the United Kingdom and the United States

　　On May 14, Boston Consulting Group recently published a research report on the Chinese e-commerce market. It said that according to data from China's National Bureau of Statistics, Chinese consumers' online consumption reached US$750 billion in 2016, exceeding the total of the United States and the United Kingdom. Similarly, China's mobile e-commerce is developing rapidly, which may explain a phenomenon that Samsung's large-screen mobile phones were first popular in China and then became popular in the European and American markets. According to industry insiders, online shopping through mobile phones will account for 74% of China's e-commerce market by 2020, up from 46% in the United States. The report also mentioned that in the next five years, China's e-commerce industry is expected to grow at a rate of 20% per year, which will be twice that of the United States and the United Kingdom. At the same time, it is expected that the e-commerce penetration rate of 15 commodity categories may reach 40%, such as financial services, trinkets, etc., while there are only 5 industries of the same level in the United States. (Source: Tianxia Online Business)

　　Comment: In terms of e-commerce, foreign countries are coming to China to learn from the scriptures.

　　6. Phoenix New Media's revenue in Q1 was 290 million yuan and its net loss was 23.2 million yuan.

　　On the morning of May 15, Phoenix New Media (NYSE:FENG) released its unaudited financial reports for the first quarter and full year of 2017 ended on March 31. The report shows that Phoenix New Media's total revenue in the first quarter was RMB 294.5 million (approximately US$42.8 million), lower than RMB 322.9 million in the same period last year; calculated based on non-GAAP, the net loss attributable to Phoenix New Media was RMB 23.2 million (approximately US$3.4 million), and the company's net profit in the same period last year was RMB 14.7 million. (Source: Sina Technology)

　　Comment: Find the reason if you lose money.

　　7. Pechoin Gala sells 11.4 million yuan per day to twice the conversion rate

　　According to May 13, Pechoin revealed to reporters that its Tmall Juhuasuan Gathering Day event, which started at 10:00 on May 12, paid 4.85 million yuan in 10 minutes of sale, and the conversion rate for one hour of sale is as high as 32%. As of 10:00 this morning, Pechoin's payment amount for the event exceeded 11.4 million yuan throughout the day, and the conversion rate remained at 11.5%. According to Pechoin, its daily sales conversion rate is usually around 4% to 5%, and the conversion rate of this event exceeds twice the usual ones. (Source: Yibang Power Network)

　　Comment: Conversion rate is worth studying. This case of Pechoin is also worthy of advertising research.

　　8. SF Holdings says the overall growth of e-commerce express delivery is currently slowing down

　　On May 14, SF Holdings revealed in the latest "Investor Relations Activity Record Table" that the overall growth rate of e-commerce parcels is currently slowing down, and e-commerce express delivery emphasizes more on warehouse allocation. Currently, the share of large express delivery companies has decreased, while the share of some small delivery companies has increased. Now more and more customers will use e-commerce to buy high-value items, and some merchants are also paying more attention to the customer's experience in logistics services. The company entered the e-commerce field in 2013 and 2014. The company's cost of e-commerce parcels is indeed higher than that of other industry competitors. SF Express's advantages are in the mid-to-high-end e-commerce field, thanks to SF Express's high-quality service quality, brand and timeliness, such as 3C products, fashion, jewelry and other high-value e-commerce fields, SF Express has done well. (Source: Panoramic Network)?

　　Comment: E-commerce express delivery should not only pay attention to quantity, but also quality and value.

　　9. Mother's Day consumption big data, daughter is more willing to buy "gifts" than son

　　According to reports on May 15, data shows that search terms such as "Mother's Day" and "Mother's Gift" on Taobao have been constantly being blasted, reaching 17.75 million people and 25 million searches, an increase of up to 12 times. Unlike previous years, the flower express business has grown amazingly this year, with the consumer groups born in the 1985 and 1990s becoming the absolute main force, with per capita consumption of about 65.4 yuan. In addition to traditional flowers such as carnations, lilies, roses, categories such as immortal flowers, corsages, and dried flowers have also squeezed into the mainstream of consumption. However, a data provided by Taobao shows that only 26.2% of male users who buy Mother's Day gifts, while more than 70% of female consumers are. In terms of age distribution, users aged 26 to 35 account for 49.7%, almost half of which is the country; while young users (18-24 years old) have a per capita consumption of around 30 yuan, they also account for 32.88% of the population. (Source: Tianxia Online Business)

　　Comment: Men and women express their emotions in different ways.

　　10. Online sales remote control electronic scale can gain weight 20 meters away: the set ratio can be doubled at most

　　According to a report on May 15, a reporter recently found that the remote control electronic scales sold online have also become tools for some illegal merchants to make huge profits in a short and short way. The seller of the electronic scale told the Beijing Youth Daily that the proportion of goods "weight gain" can be adjusted independently. The reporter's experiment found that at a distance of 20 meters, a remote control can be used to double the weight of the goods on the electronic scale. According to the relevant national regulations on "shortness and shortness of pounds", under the most "loose" conditions, the error of 1 kilogram of goods cannot exceed 20 grams. (Source: Beijing Youth Daily)

　　Comment: Honesty management is the way to go.

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