#Laogao E-commerce Newsletter# [E-commerce Morning News on April 28]

　　#Laogao E-commerce Newsletter# [E-commerce Morning News on April 28] 1. Wechat sells 20 yuan for toxic cosmetics for 280 yuan, and buys second-hand luxury cars to recharge the storefront; 2. New retail activities are open, and ten cities will open together; 3. UnionPay: The formal agreement on barcode payment cooperation with Ant Financial has not been reached; 4. It is said that Xiaohongshu is seeking financing of US$200 million to be worth 2.5 billion, and may go to the United States to IPO within two or three years; 5. Paving the way for IPO Xiaomi's senior management will be adjusted again: CFO serves as senior vice president, and the two co-founders resign...

　　E-commerce newsletter

　　1. Wechat sells 20 yuan for poison cosmetics for 280 yuan, and buys a second-hand luxury car to recharge the storefront

　　A man from Sichuan made huge profits by producing and selling counterfeit cosmetics. The cost of cosmetics of 20 yuan was distributed through micro-businesses at all levels and sold at 280 yuan. In order to make downstream micro-businesses believe that as long as they represent his cosmetics, he deliberately spent hundreds of thousands of yuan to purchase a second-hand Bentley charging storefront! (Source: Huashang.com)

　　2. New retail activities are fully opened, and ten cities will open together

　　On April 28, Hema opened together and weaved the first national urban network for new retail. Hema CEO Hou Yi posted on social media that Hema has developed very rapidly in recent years, but this year it will be faster! "While filling the skeleton with flesh and blood, breeding new life." What new life is Hema raising? In the past three years, Hema has bred new lives such as 30 minutes of super fast delivery, 24-hour service, SOS family first aid, Hema Daily Fresh, and both the market and consumers have given high recognition! (Source: E-commerce Headlines)

　　3. UnionPay: The formal agreement on barcode payment cooperation with Ant Financial has not been reached yet

　　Recently, it was rumored online that UnionPay and Alipay reached a cooperation on barcode payment. In this regard, a relevant person in charge of UnionPay said that China UnionPay and Ant Financial had in-depth exchanges on implementing regulatory requirements and promoting cooperation between the two parties in the early stage, but no formal agreement has been reached so far. (Source: Phoenix Technology)

UnionPay: The formal agreement on barcode payment cooperation with Ant Financial has not been reached yet

　　4. It is said that Xiaohongshu is seeking to raise US$200 million and is worth 2.5 billion. It may go to the United States for IPO within two or three years.

　　According to sources familiar with the matter, Chinese e-commerce startup Xiaohongshu is currently conducting preliminary negotiations with relevant parties on financing at least $200 million. Based on this financing scale, Xiaohongshu's valuation will reach more than US$2.5 billion.

　　Currently, Xiaohongshu Company declined to comment on the above rumors. However, Xiaohongshu co-founder Qu Fang once told the media in April this year that the company hopes to complete a new round of financing this year, and claimed that the company may go to the United States to conduct an IPO in the next two or three years.

　　At present, Xiaohongshu also plans to open its first physical store in Shanghai in June this year. At the same time, the company also claims that it will soon have more than 100 million users. Qu Fang also said that since the end of last year, the number of monthly active users of Xiaohongshu has increased by 40%. (Source: Tencent Technology)

It is said that Xiaohongshu is seeking to raise US$200 million to be worth 2.5 billion, and may go to the United States for IPO within two or three years.

　　Internet news

　　5. Paving the way for IPO Xiaomi's senior management is adjusted again: CFO serves as senior vice president, and the two co-founders resign

　　Xiaomi CEO Lei Jun announced a series of personnel appointments and changes through an internal letter. These actions seem to suggest that Xiaomi's IPO may really not be far away. The email revealed that Zhou Shouzi, the CFO who joined Xiaomi in 2015, will also serve as the company's senior vice president. Zhou Shouzi is mainly in charge of Xiaomi's finance, investment, HR and information business. At the same time, the email also disclosed that two other executives, Zhou Guangping and Huang Jiangji, resigned from their positions in the company due to personal reasons. Xiaomi now has a total of 8 co-founders, two of which are Zhou Guangping and Huang Jiangji. (Source: 36kr)

　　6. Alibaba Wang Shuai denied participating in Toutiao financing: Alibaba has no intention and is not good at the media industry

　　Regarding the industry rumors that Alibaba will invest billions of dollars in participating in Toutiao financing, Wang Shuai, chairman of Alibaba Group's Market Public Relations Committee, denied it, saying that Alibaba has no intention and is not good at the media industry, and the same is true in the future. Alibaba lacks the genes and interest planning of the media group. I didn't think about it, and I definitely couldn't do it well, so I had already cut off this thought. (Source: First Financial Daily)

　　7. Alipay embraces UnionPay, and barcode payment business will be connected to UnionPay clearing

　　On April 27, a source revealed that Alipay and UnionPay have reached a cooperation to connect to UnionPay in barcode payment business. Among them, UnionPay provides transfer and clearing services. At the same time, Ant Commercial Bank will also connect to UnionPay's network. This means that in the field of payment and clearing, the two giants have begun to cooperate. (Source: Tencent News)

　　8. LeTV: Loss of 13.878 billion yuan in 2017

　　LeTV disclosed its annual report. The company's revenue in 2017 was 7.025 billion yuan, a year-on-year decrease of 68%; net profit was a loss of 13.878 billion yuan, and a profit of 555 million yuan in the same period last year. After conducting a comprehensive inventory and asset impairment test on assets that may have signs of impairment from January to December 2017, the company and its subsidiaries set aside a total of 10.882 billion yuan in impairment losses for each asset in 2017. (Source: Interface News)

　　9. Suning.com's revenue in Q1 increased by 32.76% year-on-year

　　According to reports on April 27, Suning.com announced its first quarter 2018 financial report.

　　According to the financial report, its commodity sales scale was 69.33 billion yuan, a year-on-year increase of 46.33%; its operating income was 49.62 billion yuan, a year-on-year increase of 32.76%; its net profit attributable to shareholders of listed companies was 111 million yuan, a year-on-year increase of 42.15%. Continuous profits for 6 quarters. (Source: Yibang Power Network)

　　Cross-border newsletter

　　10. Amazon advertising sales boom may challenge Google and Facebook's status

　　According to foreign media reports, Amazon's business of selling website advertising space to merchants has continued to expand, helping the company achieve double profits on Thursday, some people believe the move is a step from Google and Facebook's competition for advertising market share. It may grow faster than ads on Twitter and Snapchat, and it has advantages that other competitors lack. Amazon has the purchase data of users and knows what shoppers need. (Source: 36kr)

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