#Laogao E-commerce Newsletter# [May 15th E-commerce Morning News]

　　#Laogao E-commerce Newsletter# [May 15th E-commerce Morning News] 1. Vipshop's Q1 revenue was 19.9 billion yuan, making profits for 22 consecutive quarters; 2. Yu'ebao's daily quick cash withdrawal amount dropped to 10,000 yuan from June 6; 3. Baidu cleaned up the O2O endgame: Baidu Nuomi Pictures has been merged into iQiyi; 4. Apple will become the first American company in history with a market value of up to 1 trillion US dollars; 5. Tesla settled in Pudong, Shanghai: established a sole proprietorship with a registered capital of 100 million yuan...

　　E-commerce newsletter

　　1. Vipshop's Q1 revenue was RMB 19.9 billion, and its profits were made for 22 consecutive quarters.

　　36Kr News, e-commerce Vipshop released its unaudited first quarter financial report for 2018 today, achieving continuous profits for 22 quarters, and the growth of various performance indicators is steady. According to the financial report, Vipshop's total net revenue in the first quarter was RMB 19.9 billion (approximately US$3.2 billion), a year-on-year increase of 24.6%. (Source: 36kr)

　　2. Yu'ebao's daily quick cash withdrawal amount will be reduced to 10,000 yuan from June 6

　　Yu'ebao issued an announcement on the user side. Starting from 0:00 on June 6, the quick arrival amount of Yu'ebao on the day of transferring to the bank card has been adjusted, from the daily limit of 50,000 yuan to 10,000 yuan. The transfer to the bank card ordinary arrival service (the arrival amount of the next day) and consumption payment will not be affected. (Source: Securities Times)

　　3. Baidu cleans up the O2O endgame: Baidu Nuomi Pictures incorporates iQiyi

　　Recently, according to insiders, since the long-rumored transaction of iQiyi to acquire Baidu Nuomi Pictures in October last year, the labor contract of Nuomi Pictures employees has been transferred to iQiyi and has officially worked at iQiyi last week. There are rumors that the acquisition price is US$200 million. As of press time, iQiyi has not responded yet. Baidu said that it has not merged, which is an in-depth cooperation with iQiyi at the technical and traffic levels. (Source: Titanium Media)

　　Internet news

　　4. Apple will become the first American company in history with a market value of up to $1 trillion

　　Based on the closing price of $188.59 last Friday, Apple's market value has reached $926.9 billion. If the company's stock price rises by nearly 8%, Apple will become the first American company in history to have a market value of up to $1 trillion. (Source: Securities Times)

　　5. Tesla settled in Pudong, Shanghai: established a registered capital of 100 million yuan

　　On May 14, 36Kr checked the National Enterprise Credit Information Disclosure System and learned that Tesla (Shanghai) Co., Ltd. was officially approved for establishment on May 10 this year. This means that Tesla is going to establish a wholly-owned subsidiary in Shanghai.

　　According to public information, the company's registered capital is 100 million yuan, and its controlling shareholder is Tesla Auto Hong Kong Co., Ltd. The company's chairman and general manager is Zhu Xiaotong, who is also the president of Tesla China. The company's main business scope includes technical development in product fields such as electric vehicles and parts, batteries, etc., as well as electric vehicle display and product promotion. (Source: 36kr)

Tesla settles in Pudong, Shanghai: Established a registered capital of 100 million yuan

　　6. WeChat mini program can be broadcast live: live mode through the mini program audio and video interface

　　According to WeChat public courses, the mini program and the two components have a model called live, which is specially designed for online live broadcasts. The corresponding application scenarios can be realized through the live mode of the audio and video interface of the mini program. (Source: Yibang Power)

WeChat mini program can be broadcast live: live mode through the mini program audio and video interface

　　7. Tencent's Q1 profit margin may be the lowest since 2003, and games and advertising are most likely to "turn the trend"

　　On May 14, according to Bloomberg, the company's market value has shrunk by about $82 billion from a high after hitting a record high in January, as investors took Tencent Holdings' massive indicators into consideration.

　　The report also said the 2018 Q1 financial report scheduled for Wednesday will show that growing costs and investments will damage the company's profitability. Although Tencent said it is necessary to sacrifice short-term profit margins to ensure long-term development, analysts are worried that the company can’t make enough money from mobile games to offset the decline in PC game revenues—the company’s most profitable business. (Source: 36kr)

　　8. Tencent enters the Asian Games in Jakarta with three games including "League of Legends" and "War of the Royal Family"

　　On May 14, the Asian Olympic Council officially announced the electronic sports competitions of the 18th Asian Games. Tencent Esports will officially debut at the Jakarta Asian Games with "League of Legends", "Arena of Valor" and "War of Royal Family". (Source: Titanium Media)

　　9. DJI responded to the news of financing of $1 billion: financing information has never been released to the public

　　Last night, DJI's public relations director Xie Tiandi responded to the current financing rumors. Xie Tiandi said that DJI's official official did not confirm the news about financing, and DJI did not announce the relevant financing news to the public. Assuming that this financing is true, DJI will definitely need to sign a two-way confidentiality agreement with all participants, and will not breach the contract and leak the secrets.

　　Previously, Tencent's "First Line" reported that the final plan for a new round of financing for DJI financing was issued, and the leading investors divided the fixed-increase quota, each invested at least US$100 million, and some small and medium-sized investment institutions were eliminated. DJI said it would refund the original margin of US$100,000. (Source: Tencent "First Line")

　　Cross-border newsletter

　　10. Amazon fresh food express service cleans up third-party sellers and turns to fully self-operated

　　Amazon Fresh will no longer allow local third-party sellers to sell on their platform. Freddy, co-founder of Amazon supplier consulting firm amzHIT.com, said Amazon announced the adjustment to its supplier partners in an email. The email told suppliers that local projects are transforming into further retail-based products. Amazon purchases products in bulk and then sells them to customers. (Source: BI Chinese website)

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