#Laogao E-commerce Newsletter# [E-commerce Evening News on April 26]

　　#Laogao E-commerce News# [E-commerce Evening News on April 26] 1. Alibaba builds a "new retail city", and Hema will open stores in ten cities at the same time; 2. After a month of closure, the unmanned supermarket at JD headquarters will be reinstalled; 3. The central bank's payment department called on the payment giant: Don't think you are big and can't control it; 4. Shanghai Phoenix Annual Report: ofo bicycle cost 335 yuan, contributing 42% of the revenue; 5. Tencent Holdings evaporated 650 billion in three months Ma Huateng "flashed" the richest man in Chinese; 6. eBay's first quarter revenue was US$2.58 billion, net profit of US$407 million...

　　E-commerce newsletter

　　1. Alibaba creates a "new retail city", and Hema will open stores in ten cities at the same time

　　Alibaba Group proposed to build a "new retail city" to assist major cities in comprehensively improving the quality of life of citizens. At the same time, Alibaba announced that Hema will open 10 stores in 10 cities including Beijing, Shanghai, Hangzhou, Suzhou, Chengdu, Shenzhen, Xi'an, Nanjing, Wuhan, and Guangzhou, which means that 3 million users will simultaneously upgrade to enjoy the "box room" service. (China News Service)

　　2. After one month of closure, the unmanned supermarket at JD headquarters will be reinstalled.

　　After a month, the X unmanned supermarket, the headquarters of JD.com Group, has been renovated and will be reopened to welcome customers on April 23. At the entrance of JD X unmanned supermarket, the previous entry channels for face-scanning have changed. Users only need to register in the store and just enter with the code in the WeChat mini program to shop. It is worth noting that the original six or seven-meter-long closed settlement channel of JD X Unmanned Supermarket has been transformed into one-meter-long open channel. On the one hand, the settlement time can be shortened to one or two seconds, avoiding long queues; on the other hand, it also improves the space utilization rate in the store and provides a more relaxed and comfortable environment. (Source: Lianshang.com)

　　3. The Central Bank’s Payment Department calls on payment giants: Don’t think you are big and can’t control it.

　　On April 26, at the press conference of the "China Payment and Clearing Industry Operation Report (2018)", Fan Shuangwen, deputy director of the Payment Department of the People's Bank of China, said when talking about the recent new barcode payment regulations that payment institutions should not try every means to ignore the rules, especially some large institutions in the market. They should not think that they are "big and cannot fall, and big and cannot manage". "Abide by (rules) that are beneficial to them, and cannot be implemented if they need to be adjusted." (Source: Financial World)

　　4. Alibaba Cloud helps Nanjing Bank to build the first distributed core business system in China

　　At the Yunqi Conference and Nanjing Summit, Nanjing Bank announced that the first distributed core business system of domestic commercial banks was successfully launched. Its "Xinyun+" platform built on Alibaba Cloud Feitian system has served millions of users of many banks. The average loan time for each customer only takes 1 second, and the daily order processing volume can reach 1 million, which is 10 times the original one. (Source: China Securities Network)

　　Internet news

　　5. Shanghai Phoenix Annual Report: ofo bicycle cost 335 yuan, contributing 42% of revenue

　　Shanghai Phoenix recently released its 2017 annual report. The annual report stated that in 2017, benefiting from bicycle orders from ofo, its bicycle production and sales volume increased significantly compared with the same period, achieving operating income of 1.428 billion yuan, an increase of 127% year-on-year. However, the company's main source of profit is not the bicycle manufacturing industry, and ofo orders can be ignored in its contribution to the company's profit growth. In addition, ofo promised to purchase 5 million bicycles per year, and only achieved 1.78 million during the reporting period, and the remaining purchase orders were basically gone.

　　According to the annual report, 1.78 million complete vehicles were purchased in 2017, and the current revenue was confirmed by 596.72 million yuan. From this, it can be calculated that the cost ofo bicycle is 335 yuan. (Source: Biannews)

　　6. Tencent Holdings evaporated 650 billion in three months Ma Huateng "crashed" the richest man in China

　　Tencent Holdings Co., Ltd. (hereinafter referred to as "Tencent Holdings", 00700.HK)'s stock price has been falling in the past three months. Tencent Holdings closed at HK$471.60 on January 29, setting the highest closing price since its listing, and closed at only HK$386.80 yesterday. In less than three months, Tencent Holdings' market value evaporated by HK$805.871 billion, which is equivalent to RMB 647.679 billion based on yesterday's exchange rate.

　　According to the Hong Kong Stock Exchange's equity disclosure data, from October 10 to 13, 2017, Tencent CEO Ma Huateng reduced his holdings of Tencent by 6 million shares for four consecutive days, cashing out a total of HK$2.1 billion (approximately RMB 1.78 billion), and his shareholding ratio dropped from 8.69% to 8.63%.

　　Based on this shareholding ratio, Ma Huateng's current shareholding market value is HK$317.224 billion, equivalent to RMB 254.953 billion. (Source: Daily Economic Network)

　　<img src="https://wx1.sinaimg.cn/large/6b532559gy1fqq5bengfvj20fa0a7jrh.jpg" alt="Tencent Holdings evaporated 650 billion in three months Ma Huateng "crashed the "richest man in Chinese">

　　Tencent Holdings evaporated 650 billion in three months Ma Huateng "crashed" the richest man in Chinese

　　7. Kai-Fu Lee summarized the application of artificial intelligence into four waves

　　1. The Internet’s AI wave, Internet companies collect data to facilitate users to provide better experience and monetization. The Internet has the largest amount of data and users mark data every day. Therefore, today’s AI giants and Internet giants are equated;

　　2. The commercialized AI wave has a large amount of data and can monetize data or enhance commercial value. Most AI companies are doing this part of commercialization;

　　3. Collect data that does not exist in the past based on sensors such as vision and hearing, and turn it into a new application or user experience, such as smart speakers, voice interaction, etc.;

　　4. Independent and automated AI, such as robots, unmanned driving or drones, has completely subverted people's travel habits and logistics methods;

　　Kai-Fu Lee said that these four waves also bring many opportunities to China. China has occupied half of the Internet, and its vision and sensors are developing rapidly. Although it is still ahead of the United States in deeper technology fields such as autonomous driving, China has the advantages of data and policy promotion, which will be a leading position in the field of artificial intelligence in the future. (Source: NetEase Technology)

　　8. Wanda plans to establish a joint venture with Tencent Gaopeng Technology, Wanda as its major shareholder

　　Cailianshe reported on April 26 that Cailianshe reporters exclusively learned from sources close to Wanda Group that Wanda plans to establish a joint venture with Tencent Gaopeng Technology, which is currently undergoing legal procedures and is expected to be officially announced in May. Wanda occupies a major shareholder position in the new company. The president of the new company is Qi Jie, the current president of Wanda Commercial Management Group, and Qu Dejun, the former president of Wanda NetScience Group, will not work in the new company. Wanda insiders said that the previous rumors that "Wanda Net Technology was acquired by Gaopeng Technology" were inaccurate. Cailianshe reporters learned that it is expected that only two or three hundred people in Wanda Network Technology will go to a new company jointly venture between Wanda and Gaopeng Technology. Previously, Net Technology has laid off employees or has internally transferred most of its employees. (Source: Cailianshe)

　　9. Baidu Zhang Yaqin: Small companies should not build platforms, and should focus on solving practical problems.

　　On the morning of April 26, the 2018 GMIC Conference was held in Beijing today. At the "AI Strategy and Talent" forum, Baidu President Zhang Yaqin expressed his views on this topic.

　　He mentioned that different eras have given birth to different companies. Small companies should not do big things or build platforms, but do fine things; second, startup companies should not emphasize too much that they are an AI company, but emphasize what problems they can solve. Five years later, there are at least 10 companies like BAT. (Source: Sina Technology)

Baidu Zhang Yaqin: Small companies should not build platforms, and should focus on solving practical problems

　　Cross-border e-commerce

　　10. eBay's first quarter revenue was US$2.58 billion and net profit was US$407 million.

　　eBay (NASDAQ:EBAY) today released its first quarter financial report for fiscal year 2018 ended March 31. The report shows that the company's revenue for the quarter was US$2.58 billion, compared with US$2.303 billion in the same period last year, a year-on-year increase of 12%; according to US General Accounting Standards (GAAP), net profit was US$407 million, compared with US$1.035 billion in the same period last year, a year-on-year decrease of 61%; diluted profit per share was US$0.40, compared with US$0.94 in the same period last year, a year-on-year decrease of 57%. (Source: NetEase Technology)

eBay's first quarter revenue was US$2.58 billion and net profit was US$407 million.

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