#Laogao E-commerce Newsletter# [March 12 E-commerce Morning News] 1. The decline of "Chinese version of Amazon": it is now selling itself to survive 10 years ago; 2. HaiLan Home sold 18.2 billion yuan in 2017, e-commerce revenue of more than 1 billion yuan; 3. Suning confronts JD.com: JD.com is not wise to be backward; 4. Alibaba establishes direct logistics, and "Three Links and One Da" will be kicked out? ;5. Jack Ma and Tsai Chongxin invested in US clothing rental platform for US$20 million; 6. Facebook's big trouble: the average user stay time has dropped significantly...
E-commerce newsletter
1. The decline of "Chinese version of Amazon": 10 years ago, I am now selling my life
Dangdang.com and Alibaba were founded in the same year. In November 1999, Li Guoqing, who was born in the book publishing industry, and his wife Yu Yu jointly founded Dangdang.com. With their resources and familiarity with the publishing and book industry, Dangdang quickly developed into the number one in online consumer e-commerce. The latest news is that Dangdang.com, which has been delisted from the United States, wants to sell itself to A-share listed company Tianhai Investment. (Source: Sina Finance)
Dangdang is listed
2. HaiLan Home sold 18.2 billion yuan in 2017 and earned more than 1 billion yuan in e-commerce.
HaiLan Home Co., Ltd. (hereinafter referred to as "HaiLan Home") announced its 2017 annual performance report.
During the period, the total operating income was 18.20 billion yuan, a year-on-year increase of 7.06%; the operating profit was 4.36 billion yuan, a year-on-year increase of 7.04%; the total profit was 4.395 billion yuan, a year-on-year increase of 7.06%; the net profit attributable to shareholders of listed companies was 3.329 billion yuan, a year-on-year increase of 6.60%.
Among them, the main brand HaiLan Home brand achieved main business revenue of 14.758 billion yuan; the Aijutu brand achieved main business revenue of 895 million yuan, and the San Kaino brand achieved main business revenue of 1.88 billion yuan. The e-commerce (online) business achieved main business revenue of 1.054 billion yuan. (Source: Lianshang.com)
3. Suning confronts JD.com: JD.com's thinking is backward and unwise
On March 10, at the AWE 2018 China New Retail Leaders Summit, Fan Zhijun, Vice President of Suning Retail Group, delivered a speech on the theme of "Smart Retail Occupies the Future", emphasizing Suning's "Freight Fee Not Increased" and Suning's "46 Commitments" launched. During the speech, Fan Zhijun emphasized that Suning's basic logistics freight fee will remain at 5 yuan and introduced Suning's "30365" plan, that is, users purchase products with the "30-day refund, 365-day exchange" logo. If the product has quality problems, the goods can be returned within 30 days from the day of receipt and exchanged within 365 days.
This seems to be reminiscent of the "36 Commitments" theme display launched by its competitor JD.com at the AWE booth.
The media noticed that in the brochure distributed by JD.com, a "2017 China Home Appliance Grid Shopping Analysis Report" by the CIDI Research Institute of the Ministry of Industry and Information Technology stated that JD.com home appliances account for 60% of the national appliance market share, so JD.com therefore claims to be "a well-known home appliance retail channel in China."
The reporter asked Fan Zhijun about this. Fan Zhijun said that JD.com is still far from the market first, and it is not wise to emphasize online channels. "It depends on how you define 'online shopping'," Fan Zhijun said. "If online shopping refers to O2O, then JD.com's home appliances are definitely not the first; if it refers to pure e-commerce, then JD.com is far from the first." (Source: Interface)
4. Alibaba establishes direct logistics, will the "Three Links and One Da" be kicked out?
Recently, it has been reported that Cainiao Network, a logistics service company under Alibaba, will deeply integrate five distribution partners (Vianxiang, Shengbang, Dongjun, Sesame Open Door and Huangma Vest) to establish "Hangzhou Miaodi Zhai Delivery Technology Co., Ltd.", which is 100% controlled by Cainiao. This means that Cainiao will have a direct delivery network outside of "Three Links and One Drive". As soon as this news came out, many people commented that this was a signal that Alibaba started a war with JD Logistics.
But the latest response from the rookie is, "There is no information to disclose for rumors in the world at present." (Source: Interface)
Alibaba establishes direct logistics
5. Jack Ma and Tsai Chongxin invested in US clothing rental platform for US$20 million
According to foreign media reports, Alibaba Group Chairman Jack Ma and Executive Vice Chairman Tsai Chongxin invested US$20 million in the US clothing rental platform Rent the Runway through Blue Pool Capital. The round is reportedly worth about $800 million. Rent the Runway's last round of funding was in 2016, when the company raised $60 million in Series E investment, led by investment management firm Fidelity. (Source: TechWeb)
6. The total investment in Ant Forest ecological protection will exceed 500 million yuan, and 500 million trees will be planted in the next five years.
On March 11, Ant Financial CEO Jing Xiandong said that Ant Forest will fulfill its commitment to users and continue to increase investment. It is estimated that by the end of 2018, Ant Forest's total investment in ecological protection will exceed 500 million yuan. If more than 300 million Ant Forest users continue to work hard, Ant Forest will afforest 6 million mu in the next five years, equivalent to 500 million trees planted, and the area is about the area equal to the area of 5 New York City. (Source: TechWeb)
Internet news
7. Facebook's big trouble: Users' average stay time has dropped significantly
According to Fast Company, Facebook's new figures for December last year show that the user stay time of Facebook's core platform has dropped by 18%, a huge change from the previous month. According to data company Pivotal, this shows that the average user stay time has dropped by 24%, and the number of Instagram user participation has also performed poorly. Although Facebook's total user time has increased, the user group has increased more, which means that the average time stay per unit user has dropped by 9%. (Source: Sina Comprehensive)
8. Dong Mingzhu and Lei Jun’s 1 billion bet expired this year, who will have a greater chance of winning?
On March 8, Dong Mingzhu, chairman of Gree Electric Appliances, responded to the 1 billion bet between Gree and Xiaomi in an interview with the media. Dong Mingzhu said, "He can't confirm his numbers. He is not a listed company, and he can't see it no matter how he says. If he goes public, he may be willing to cash it out. After listing, it doesn't look at the market value, but your sales, and he's so funny."
In December 2013, at the CCTV "China Economic Person of the Year" award ceremony, Lei Jun, the winner of the Person of the Year Award, said that if Xiaomi's operating income beats Gree within five years, he hopes that Dong Mingzhu will pay him 1 yuan. Dong Mingzhu responded strongly on the spot: "Don't mention 1 yuan, if you want to bet, bet 1 billion." At the end of 2018, it was time for Lei Jun and Dong Mingzhu to fulfill its five-year bet.
But "Xiaomi's valuation has exceeded Gree's market value." (Source: Beijing News)
Dong Mingzhu, Chairman of Gree Electric Appliances
Cross-border e-commerce
9. Amazon is revealed to enter real estate lending: Mortgage loan department is recruiting people
Recently, the U.S. real estate news website Housing Wire reported that Amazon is recruiting troops for its newly established mortgage loan department, indicating that it is planning to enter the real estate lending business. According to reports, Amazon is in talks with large banks, including JPMorgan, to offer users a product similar to a checking account. (Source: 36kr)
10. Growth potential that cannot be ignored, Amazon Nuggets India Video Market
Amazon will add more regional video content in India, trying to compete with local Indian companies for the online streaming market. Tim Leslie, Amazon’s global vice president, said that less than a year after launching video services in India, Amazon has increased its investment in original Hindi shows and video content libraries made in five local languages - because India is the fastest-growing market for Amazon’s Prime Video services. (Source: First Financial Daily)
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