#Laogao E-commerce Newsletter# [March 5 E-commerce Morning News] 1. Tmall: The gameplay will change more than one day under the wave of new retail; 2. Alibaba calls on all sectors of society to jointly promote direct punishment for fraud; 3. Gao Xin Retail announced its 2017 fiscal year performance: profit of 3.02 billion yuan; 4. Alibaba rescued the situation, ofo received a pledged movable property loan of 1.77 billion yuan; 5. Robin Li: Returning to China and going public has always been Baidu's dream, and it is studying relevant policies to return to A; 6. The All-China Federation of Industry and Commerce proposes that the personal income tax threshold be increased from 3,500 yuan to 7,000 yuan...
E-commerce newsletter
1. Tmall: The gameplay will change more than one day under the new retail wave
On March 4, the Tmall Golden Makeup Award was unveiled in Shanghai. The new Tmall President Jingjie made his debut and made it clear that Tmall’s mission in 2018 has three: Tmall is the main engine of consumption upgrades, Tmall is the main battlefield for brand digital transformation, and Tmall is the main force of Alibaba’s new retail. In his speech, Jingjie revealed that under the wave of new retail, Tmall Double 11 gameplay will undergo major changes in 2018, not only on Double 11.
"Tmall's new retail is a process of gradual advancement from point to line to surface." When reviewing the development history of the Tmall Golden Makeup Award in the past four years, Jingjie said that from Tmall Beauty's brand achievement of the Grand Slam to the formation of the Tmall Fast-Consumer Column, from brand innovation to channel management, from supply chain operations to consumer operations, this series of changes and reconstructions will develop to 2018, and will form a true comprehensive reconstruction of business. (Source: Tencent Technology)
Tmall President Jingjie
2. Alibaba calls on all sectors of society to jointly promote direct fraudulent imposition of punishment
Alibaba recently made an official statement, calling on the whole society to jointly promote the aggravated punishment to crack down on counterfeiting production and sales, and continue to "control fake goods like drinking and driving." Alibaba revealed that in 2017, it has made a historic breakthrough in intellectual property protection with all sectors of society: 97% of the suspected infringement links that the platform voluntarily deleted were banned as soon as they went online; only 149 out of every 10,000 orders were suspected counterfeit goods; 240,000 Taobao stores suspected infringement were closed; clues were provided and judicial authorities were assisted in arresting 1,606 people involved in counterfeiting and selling counterfeits, 1,328 dens were destroyed, and the amount involved was 4.3 billion yuan. (Source: Kuai Technology)
3. Gao Xin Retail announced its 2017 fiscal year results: profit of 3.02 billion yuan
On the evening of March 4, Gao Xin Retail released its financial report for the 2017 fiscal year. For the year ended December 31, 2017, it achieved a turnover of RMB 102.32 billion, an increase of 1.9% year-on-year; gross profit of RMB 24.674 billion, an increase of 2.9% year-on-year, and gross profit margin increased from 23.9% in 2016 to 24.1%; profit of RMB 3.02 billion, an increase of 14.9% year-on-year, and net profit margin was 3.0%, an increase of 0.4 percentage points year-on-year.
Gao Xin Retail announced that the group continues to expand its business across China and opens 18 stores, driving the rise in product sales.
IT Home previously reported that on November 2, 2017, Alibaba Group, Auchan Retail SA and Runtai Group announced a strategic cooperation in new retail. According to the strategic agreement, Alibaba Group will invest approximately HK$22.4 billion (approximately US$2.88 billion) to directly and indirectly hold 36.16% of Gao Xin Retail's shares. (Source: IT Home)
Internet news
4. Alibaba rescued the yard, ofo received a pledged movable property loan of 1.77 billion yuan
According to relevant media reports, ofo founder Dai Wei has exchanged Alibaba's total financing of RMB 1.77 billion through two mortgages. The above two mortgages are as follows:
The first mortgage occurred on February 5, 2018. A total of 4,447,572 bicycles located in Beijing, Shanghai, Guangzhou and Shenzhen were used as assets and mortgaged to "Shanghai Yunxin Venture Capital Co., Ltd.", with a debt amount of RMB 500 million. The second mortgage occurred on February 12, 2018. The mortgaged property was a floating number of shared bicycles. The mortgagee was Zhejiang Tmall Technology Co., Ltd., with a debt amount of RMB 1266 million. (Source: 36kr)
5. The first list of unicorn companies returning to the A-share market are exposed, including 8 such as BATJ.
According to Caixin.com, the first list of shortlisted CDRs has been released, with a total of 8 companies. In addition to the four companies of BATJ, there are also Ctrip, Weibo, NetEase and Sunny Optics listed in Hong Kong. The top seven companies are all leaders of listed Internet companies in China. Another type of company has been reintroduced to "new blue chips", including Internet and new economy giants that have not yet been listed, such as Foxconn, Didi, Toutiao, Meituan Dianping. (Source: 36kr)
6. Robin Li: Returning to China and going public has always been Baidu's dream, and he is studying the relevant policies to return to A
According to China Securities Network, Robin Li said, "After listing in the United States in 2005, Baidu immediately communicated with the China Securities Regulatory Commission. In fact, for more than ten years, Baidu has always had a dream to return to China to go public." He also said, "Whether to return to A-shares and when to go public, the initiative is not with us. This is a matter of national policy, but Baidu is always ready to go whenever it can. (Source: China Securities Network)
7. Gree and Xiaomi’s 1 billion bet expires this year, Dong Mingzhu responds again
According to Kuai Technology, at the Guangdong delegation's residence yesterday, Dong Mingzhu, a member of the National People's Congress and chairman of Gree Electric, talked about the 1 billion bet between Gree and Xiaomi in an interview. Dong Mingzhu smiled and said, "Isn't there still a year of 2018?"
Lei Jun once said in 2013: If our turnover beats Gree within five years, Mr. Dong would have to lose one dollar. Dong Mingzhu continued, "It's impossible. If you want to bet, just gamble for 1 billion." (Source: Kuai Technology)
8. The All-China Federation of Industry and Commerce proposes that the personal income tax threshold be increased from 3,500 yuan to 7,000 yuan
According to the Paper, the All-China Federation of Industry and Commerce plans to submit the "Proposal on Further Promoting Tax Reform" to the first session of the 13th National Committee of the Chinese People's Political Consultative Conference, proposing that the national tax and local tax merge, the personal income tax threshold will be increased from the current 3,500 yuan to 7,000 yuan, and the personal tax declaration threshold will be increased from the current 120,000 yuan to 240,000 yuan; in addition, it is also recommended to reduce the corporate income tax rate to 15% to 20%. (Source: Pengpai)
9. Tencent has established a Smart Retail Strategy Department and is building a data center in Guizhou
Ma Huateng said at the Two Sessions that Tencent has recently established a Smart Retail Strategy Department and will mobilize resources from various departments to help new retail companies formulate solutions. There have been frequent new retail operations recently, with the aim of using digital technology to help offline companies develop and allow cargo yards to be opened. At the same time, Ma Huateng also said that Tencent does not do retail, but only helps other companies provide application assistance, such as WeChat Pay, cloud, etc. (Source: 36kr)
Cross-border newsletter
10. Amazon plans to launch Amazon Fresh in France
US e-commerce giant Amazon plans to launch Amazon Fresh food delivery service in France as part of its global expansion. Amazon's acquisition of Whole Foods in the United States last year sparked speculation that it will target European food and supermarket industries next. (Source: First Financial Daily)
11. eBay acquires online shopping platform Qoo10 worth US$700 million
According to foreign media the Japan times, eBay will purchase Giosis' online shopping platform Qoo10 in Japan to expand its influence in Asia. eBay also said it would give up its shares in Giosis's non-Japanese company.
It is reported that the transaction reached US$700 million, but eBay CEO Devin Wenig refused to disclose the terms of the transaction.
Qoo10 is an e-shopping platform integrating multiple countries and multiple shopping platforms. It has a wide range of business and covers many countries. It currently operates 7 shopping website platforms in five countries including Japan and Singapore. It is also the most mature localized B2C platform among Southeast Asia's B2C platforms. (Source: Yibang Power)
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