#Laogao E-commerce Newsletter# [February 28 E-commerce Morning News]

　　#Laogao E-commerce Newsletter# [February 28 E-commerce Morning News] 1. The WeChat version of "Taobao" is here; 2. JD.com Australia opens a new headquarters to achieve "global buy and global sell"; 3. Shentong Express's performance report: net profit increased by 26% in 2017; 4. SF Express's revenue in 2017 increased by 14.14% year-on-year; 5. iQiyi applied for an IPO in the United States and plans to raise US$1.5 billion.

　　E-commerce newsletter

　　1. The WeChat version of "Taobao" is here

　　As the Spring Festival holiday ends, WeChat e-commerce has taken new moves. Yesterday, the WeChat-based e-commerce shopping platform "WeChat" jointly established by JD.com and Meili United Group officially launched the official domain name weshop.com. It is revealed that the platform has currently entered more than 50,000 merchants (including personal merchants). Among the merchants that have settled in, in addition to common categories such as women's clothing, food, daily necessities, digital home appliances, etc., it also includes online and offline merchants with categories and services such as auto parts, motorcycles, pets, beauty and nail art, culture and entertainment, catering and takeout, as well as Internet celebrities, self-media, etc. Relying on WeChat’s 980 million user traffic pool, the “WeChat” platform is nicknamed by many people as the WeChat version of “Taobao”. (Source: WeChat official account)

　　2. Shentong Express Performance Report: Net profit increased by 26% in 2017

　　Shentong Express (002468) released its performance report on the evening of February 27. The company's revenue in 2017 was 12.657 billion yuan, a year-on-year increase of 28%; net profit was 1.594 billion yuan, a year-on-year increase of 26.31%. (Source: Tencent Technology)

　　3. Suning.com: Net profit in 2017 was 4.21 billion yuan, an increase of 497.66% year-on-year

　　The annual report released by Suning.com in the evening showed that in 2017, the company achieved an omni-channel sales scale of 243.2 billion yuan, a year-on-year increase of nearly 30%, and the net profit attributable to shareholders of listed companies was 4.21 billion yuan, a year-on-year increase of 497.66%. (Source: Tencent Technology)

　　4. SF Express's revenue in 2017 increased by 14.14% year-on-year

　　Holdings released its 2017 performance report, with total operating income of 71.094 billion yuan, a year-on-year increase of 23.68%; net profit attributable to shareholders of listed companies was 47.71, a year-on-year increase of 14.14%. SF Express’s main business is comprehensive services for quick logistics. In 2017, the company achieved operating profit of 6.449 billion yuan, an increase of 74.63% over the same period last year, and the company's profitability continued to strengthen. The announcement stated that this is mainly due to: the company's traditional business continued to grow steadily during the reporting period and the healthy and rapid development of emerging sectors; the company's overall service quality has been continuously improved and customer viscosity has been enhanced; technological innovation has brought about further improvement in operating efficiency; and the transfer of part of the equity of the shareholder Shenzhen Fengchao Technology Co., Ltd. brought about one-time profits. (Source: Sina Technology)

　　Internet news

　　5. Apple's market value exceeded US$900 billion, and it was previously supported by the stock god Buffett

　　Warren Buffett said on Monday that his Berkshire Hathaway bought more Apple stocks than other stocks last year. Driven by this, Apple's stock price rose 1.98% on Monday to close at $178.97, approaching its all-time high of $180.10. Based on the closing price of the day, Apple's market value once again exceeded US$900 billion, reaching US$908.1 billion. (Source: Tencent Technology)

　　6. Cumulative cash out of nearly 9 billion yuan, China Ping An reduced its holdings in Country Garden and Greenland

　　According to statistics, in the week before the Spring Festival, Ping An significantly reduced its holdings of Country Garden in the secondary market by 31.32 million shares, cashing out HK$455 million. Since a year and a half ago, Ping An Innovation Investment Fund has also cashed out more than 8 billion yuan by gradually reducing its holdings in Greenland. As the second largest shareholder of Country Garden, Ping An of China reduced its holdings by 3.4 million, 9.1 million and 18.82 million shares in three consecutive sessions on February 6, 7 and 14, 2018. In addition to Country Garden and Greenland, Ping An also holds stocks of many real estate companies including China Merchants, Jinde, Poly, China Resources, Greentown, Hutchison Whampoa, Sunac, Xiexin, and Xuhui. (Source: Wall Street News)

　　7. iQiyi applied for an IPO in the United States and plans to raise US$1.5 billion

　　Baidu's iQiyi has applied for an IPO from the US Stock Exchange and plans to issue $1.5 billion in shares on Nasdaq. The stock code is IQ. Goldman Sachs Investment Company, Credit Suisse, Bank of America Merrill Lynch, Huaxing Capital, Citigroup and UBS are underwriters in Asia. No specific terms have been disclosed at this time.

　　Analysts estimate that iQIYI's valuation may be between $8 billion and $10 billion. Baidu currently holds 80.5% of iQiyi's shares. After its IPO in the United States, Baidu will remain the main shareholder of iQiyi. The rise in iQiyi's stock price will benefit Baidu's stock price. Baidu's current market value is US$86 billion. (Source: NetEase Technology)

　　Cross-border newsletter

　　8. Give you a more sci-fi online shopping experience Amazon launches AR shopping tools

　　On Amazon's Android Shopping APP, Amazon recently added a new feature, allowing users to easily choose the best furniture for their homes on the application and see ideal simulation effects. This feature is called AR View perspective. This feature is to use AR tools to allow users to feel the actual effect of installing it in their homes with smart devices in advance before purchasing actual products, making people's Internet shopping experience more realistic and convenient. (Source: Tencent Digital)

　　9. Chanel invests in e-commerce Farfetch and cooperates with JD.com?

　　Chanel is trying to commit to the digital wave in another way. Chanel recently announced that the brand has acquired a minority stake in the British luxury fashion shopping platform Farfetch, and the two parties will cooperate to develop digital services. It is worth noting that one of the well-known shareholders of Farfetch is JD.com. This transaction has sparked speculation in the industry that Chanel may cooperate with JD.com. Zhou Ting, director of the Wealth Quality Research Institute, said that Chanel definitely has a specific planning path for the brand in the digital field. Chanel's cooperation with Farfetch is a focus on the other party's influence in the luxury e-commerce field, but she predicts that she will not enter JD or Alibaba's e-commerce platforms in the next 3-5 years. (Source: Beijing Business Daily (Beijing))

　　10. JD.com Australia opens a new headquarters to achieve "global buying and selling"

　　On February 27, JD.com officially opened its Australian and New Zealand headquarters in Australia to support local business development and assist businesses in both countries to expand the Chinese mainland market. It is understood that JD.com's choice to land in Victoria is closely related to the opportunities provided by local e-commerce companies. Victoria brings together a large number of local suppliers and is Australia's only 24-hour shipping port. The local government also maintains a positive supportive attitude towards the e-commerce industry. (Source: Yibang Power Network)

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