#Laogao E-commerce Newsletter# [May 11 E-commerce Evening News Brief]

       #Laogao E-commerce Newsletter# [May 11 E-commerce Evening News Brief] 1. In 2017, my country's flower e-commerce market reached 12.4 billion yuan; 2. Best Logistics' revenue in Q1 2018 was 5.0038 billion yuan; 3. Ant Financial is close to completing US$10 billion in financing? Official response: Rumors will not be commented; 4. The official account APP is fully opened; 5. The Alibaba Entertainment section is integrated again: Yang Weidong serves as the CEO of Alibaba Music; 6. Online ride-hailing drivers may be included in the blacklist of breach of trust without a license...

   　E-commerce newsletter

   　1. In 2017, my country's flower e-commerce market size reached 12.4 billion yuan

   　With the further increase of per capita income of Chinese residents, the total consumption of flowers has increased. However, the traditional flower industry has pain points in many aspects such as planting structure, technical efficiency, post-harvest management, and transaction circulation, and cannot match the rapidly developing consumer market. Due to consumption upgrading and the rise of e-commerce, new consumer groups and consumption habits have been cultivated, which has benefited from expanding the terminal consumption demand market.

   　Recently, iResearch Consulting released the "China Flower E-commerce Industry and User Research Report" (hereinafter referred to as the "Report"). The report shows that the overall market size of China's flower e-commerce industry in 2017 was 12.41 billion yuan. With the development of consumption habits and the improvement and maturity of infrastructure such as cold chain logistics, the market size is expected to be close to 50 billion yuan in 2021, an increase of nearly three times. (Source: China Economic Times)

   　2. Best Logistics' revenue in Q1 2018 was 5.0038 billion yuan

   　According to monitoring by the E-Commerce Research Center (100EC.CN), Best Logistics released its first quarter financial report for the 2018 fiscal year ended March 31, with revenue of RMB 5.0038 billion (approximately US$797.7 million), a year-on-year increase of 54.0%. (Source: E-commerce Business Research Center)

   　3. Ant Financial is close to completing US$10 billion in financing? Official response: Rumors will not be commented

   　Previously, CNBC reported that Ant Financial is completing nearly $10 billion in equity financing. According to reports, Ant Financial hopes to obtain at least $10 billion from investors led by Temasek Holdings, when its valuation is expected to reach $150 billion. In response to this news, an Ant Financial person said in an interview that rumors would not comment. (Source: 21st Century Economics)

   　4. Big news! The official account APP is finally fully open

   　It is called the subscription account assistant. Let’s see what useful and fun functions it has? 1. Leave a message and select reply; 2. Backstage message reply; 3. Post articles or pictures or text; 4. User data statistics + article data statistics; 5. Check the ranking list; However, it is worth noting that the current subscription account assistant app is only ios version, and it cannot be found on the App Store (Source: New Media Classroom)

   　Internet news

   　5. TikTok denies reaching "in-depth cooperation" with several listed companies

   　Recently, many listed companies have stated that they have reached "in-depth cooperation" with Douyin and even formed "Douyin concept stocks". Douyin’s official response: We have noticed that some listed companies have stated that they have reached "in-depth cooperation" with Douyin. After verification, with the development of the business, Douyin has business dealings with many companies in the industry, but has not reached "in-depth cooperation" with the above-mentioned companies in the near future. For external cooperation involving Douyin, please refer to our official statement. (Source: 36Kr)

   　6. China Music Copyright Association: Xiaomi Music claims 320,000 yuan in infringement

   　On the afternoon of May 11, the China Music Copyright Association recently published an article on its official account saying that one of the association's recent key tasks is to sue the "Xiaomi Music" App for illegally spreading music works in the Beijing District Court, which constitutes infringement. The amount of claims in both cases reached more than RMB 30,000 for a single song, and has now been accepted by the court. Sina Technology has verified from Xiaomi on this, and has not replied until publication. (Source: Sina Technology)

   　7. Online ride-hailing drivers may be listed on the blacklist of breach of trust without a license

   　This morning, the official WeChat of the Ministry of Transport issued the "Notice on Strengthening and Standardizing the Management of the List of Joint Punishment for Breach of Trust in the Taxi Industry (Draft for Comments)" (hereinafter referred to as the "Draft for Comments") and publicly solicited opinions from the society. Among them, enterprises and drivers that have six violations, including "online car-hailing drivers" who have been on duty without a license, "online car-hailing companies" who operate without a license, offline vehicles that do not match online registered vehicles, illegal use or intentional leakage of passenger personal information, will be included in the "key attention list" depending on the severity of the circumstances or directly listed on the list of joint punishment entities for breach of trust (hereinafter referred to as the "blacklist"). (Source: Beijing News)

   　8. Ali Entertainment section is integrated again: Yang Weidong serves as CEO of Alibaba Music

   　Alibaba Group CEO Zhang Yong (Hua Ming Xiaoyaozi) announced the latest organizational adjustments to the Alibaba Entertainment section in the form of an internal letter. In order to further promote the integration of the entertainment strategy and form a stronger comprehensive combat effectiveness, Alibaba Entertainment Group rotating president and president of Dayouku Yang Weidong will also serve as Alibaba Music CEO, and Alibaba Pictures Chairman and CEO Fan Luyuan (Hua Ming Mu Huali) will serve as Damai.com CEO. (Source: NetEase Technology)

   Alibaba Entertainment Section Reintegration: Yang Weidong serves as Alibaba Music CEO

   　9. Huya updates prospectus: Net profit in the first quarter is US$5 million and turn losses into losses year-on-year

   　Huya Live updated its prospectus again today and released its first quarter 2018 financial report as of March 31. Total revenue in the first quarter was RMB 846.3 million. In the first quarter, Huya's average monthly active users (MAU) was 92.9 million. Huya is expected to be listed on the New York Stock Exchange on May 11 with the stock code HUYA. (Source: NetEase Technology)

   　Cross-border e-commerce

   　10. Vipshop and JD.com announced the cross-border e-commerce cooperation

   　May 11th news Vipshop announced in Seoul, South Korea this afternoon that Vipshop and JD Global Shopping have reached cooperation in supply chain and purchasing, and Vipshop's 12 overseas warehouses and 8 self-operated warehouses will be fully opened to JD.com.

   　Vipshop said that in the future, the cooperation between the two parties will expand to the full supply chain system such as marketing, logistics, and services, and comprehensively enhance the purchasing advantages.

   　According to iMedia Consulting data, as of the third quarter of last year, NetEase Koala Haigou led the market share with 25.6%, Tmall International and Vipshop International ranked second and third with 21.3% and 15.2% respectively, and JD ranked fourth with 13.6%. Vipshop and JD.com together account for 28.8% of the cross-border e-commerce market. (Source: Cailianshe)

   Vipshop and JD.com announce cross-border e-commerce cooperation

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