#Laogao E-commerce Newsletter# [May 9 E-commerce Morning News]

　　#Laogao E-commerce Newsletter# [May 9 E-commerce Morning News Brief] 1. JD.com's net income in the first quarter was 100.1 billion yuan, a year-on-year increase of 33.1%; 2. Ant Financial upgraded auto insurance loss-making treasure: you can get repair plans and prices when shooting videos; 3. JD.com executives interpreted financial reports: third-party logistics demand exceeds self-operated within 5 years; 4. Alibaba has acquired Daraz, a South Asian e-commerce platform; 5. Cross-border e-commerce has also completed a US$20 million Series B financing, led by the US KPCB...

　　E-commerce newsletter

　　1. JD.com's net revenue in the first quarter was 100.1 billion yuan, a year-on-year increase of 33.1%.

　　On the evening of May 8, JD.com released its first quarter financial report for the 2018 fiscal year. The company's net profit in the quarter reached 1.5 billion yuan, a year-on-year increase of 410.4%; net income was 100.1 billion yuan, a year-on-year increase of 33.1%, of which service revenue from third parties achieved a year-on-year growth of 60%. Since the beginning of the year, JD.com has promoted strategic cooperation in the offline retail field, signed Wanda Commercial and BBK successively. At the same time, JD.com convenience stores and JD.com Home have also been laid out across the country. (Source: Chuangyebang)

　　2. Ant Financial upgrades auto insurance and damage treasure: You can get repair plans and prices when shooting videos

　　Dingloss Bao, the first AI technology for auto insurance image loss determination in China, officially released the 2.0 technology version, fully upgrading Dingloss Bao 1.0 based on image recognition to 2.0 online claims intelligent solution based on video loss determination. The number of users of Ding Loss Treasure will immediately expand from Ding Loss Treasure to ordinary car owners. (Source: The Paper)

　　3. JD executives interpret financial report: Third-party logistics demand exceeds self-operated within 5 years

　　Liu Qiangdong, Chairman and CEO of JD Group, said at the financial report meeting: We expect that the number of services from third-party logistics will exceed JD's self-operated logistics services within five years. I know that investors have been very concerned about our logistics investment issues over the past few years. In the past, we have been using JD’s own cash for logistics investment. We are planning to set up a logistics fund at some time this year. By using third-party funds, we can bring us more logistics storage construction. (Source: Sina Technology)

　　4. Alibaba acquires Daraz, a South Asian e-commerce platform

　　On May 8, Daraz, an e-commerce company established in Pakistan, announced that it was fully acquired by Alibaba Group and will officially become a member of Alibaba's big family. Founded in 2012, Daraz has now grown into the most popular online shopping platform in Pakistan, and the company also operates in Bangladesh, Myanmar, Sri Lanka and Nepal. After the completion of this acquisition, Daraz will continue to operate its original brand name. Daraz will also leverage Alibaba's leading and experience in technology, e-commerce, mobile payments and logistics to drive further growth in the five South Asian market share. Public information shows that the total population of these five markets exceeds 460 million, and 60% of the population are under the age of 35. (Source: Lianshang.com)

　　Alibaba

　　Internet news

　　5. Exclusive interview with Ctrip Liang Jianzhang: Bundling sales is a mistake and needs to be corrected!

　　Ctrip has been condemned by public opinion for its bundled sales, high-priced refunds and changes, big data killing of old customers, and even labeled as "public enemy of the whole people". Liang Jianzhang said that bundling sales is a mistake and needs to be corrected now. He also said that Alibaba still has some gaps from us in terms of quantity, service or product coverage! (Source: Chinese version of Business Weekly)

　　6. HTC suffered another heavy blow, with revenue in April falling by more than 55% year-on-year

　　According to foreign media reports on May 8, HTC, which was in trouble, suffered another "hard blow" in the past April.

　　According to the latest financial data disclosed by HTC, as of the end of April this year, HTC's revenue was US$365 million, a year-on-year decrease of 43.4%. Especially in April, the revenue performance was even worse, with only US$70.71 million, a drop of more than 55.4% compared with the same period in April 2017. (Source: Tencent Technology)

　　7. The central bank bans the personal credit investigation app and will severely punish credit information leakage

　　As everyone's "economic ID card", personal credit records are crucial. From applying for a credit card to buying a house or a car with a loan, you can get it by personal credit reports. At present, some third-party applications (Apps) claim to be "directly connected to the central bank's credit reporting system". As long as you download the software on your mobile phone, you can query your personal credit reporting records, which seems convenient and fast.

　　However, a recent "Document No. 102" by the central bank has completely made these credit investigation apps appear in their "original form": it turns out that these apps are unauthorized and the central bank strictly prohibits accessing the credit reporting system. During the process of using these apps, users may have leaked their personal privacy that needs to be protected the most. (Source: People's Daily)

　　8. Complete the B1 round of JD.com's lead investment of 200 million yuan , and MRO e-commerce "Kung Pinhui" will focus on logistics

　　6Kr learned that the industrial supplies supply chain e-commerce platform Gongpinhui has completed a B1 round of financing of 200 million yuan. This round of financing was led by JD.com and Xiongniu Capital, and Yunqi Capital, Puhua Capital and Weiguang Venture Capital continue to follow up. Previously, Gongpinhui has received five rounds of investment from institutions such as Shunrong Capital, Heli Capital, Ruiheng Capital, Weiguang Venture Capital, Yunqi Capital and Puhua Capital, and has currently raised about 400 million yuan in total.

　　Yan Zhang, founder of Gongpinhui, said that this round of financing funds will be mainly used in two aspects. One focuses on strengthening supply chain construction and completing the layout of 9 major logistics centers and 34 urban service centers; the other is to increase investment in data and R&D. (Source: 36kr)

　　9. Acquired A round of financing from Ant Financial, CITIC Capital, and Word of Mouth , Xiyun allows group catering companies to operate in a standardized manner in the market.

　　36Kr recently learned that group meal enterprise service company Xiyun International recently received a Series A financing of US$200 million from Ant Financial, CITIC Investment and Reputation. It is reported that this fund will be used for information transformation of group catering companies, further integration of supply chains, and strengthening food safety and other businesses.

　　The tertiary industry accounts for a higher and higher proportion in the entire China's industrial chain, and the "catering industry" occupies a large part of it. The catering industry is divided into many sub-business formats, such as main meals, simple meals, coffee houses, and dessert stations. The familiar "takeout" we only account for 5% of the market share, while the group catering industry accounts for 30% of the entire market share. (Source: 36kr)

　　Cross-border newsletter

　　10. Cross-border e-commerce has completed a US $ 20 million Series B financing, led by the US KPCB

　　Yesterday, cross-border e-commerce Beyond (hereinafter referred to as: Beyond) announced that the company has recently completed a US$20 million Series B financing, led by KPCB (Kleiner Perkins Caufield & Byers), followed by Hillhouse Capital, Broadband Capital, Weiguang Venture Capital and iFly Capital.

　　It is reported that after this round of financing, the team will be further improved, and the points system and personalized recommendations will be optimized at the product levels such as the points system. (Source: Webmaster Network)

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