#Laogao E-commerce Newsletter# [May 17 E-commerce Morning News] 1. Vipshop announced its transformation to social e-commerce; 2. Tmall’s first offline service center was launched in Wulin Yintai, Hangzhou; 3. Jack Ma: No matter how powerful the machine is, it is also artificial. The current intelligence is still in the kindergarten era; 4. Performance announcement shows that Alibaba Health’s gross profit has increased significantly, turning losses into profits for the first time; 5. Dong Mingzhu encourages employees: to realize Gree’s one-person and one-house; 6. Nokia set up a Shenzhen laboratory to rediscover the Chinese market...
E-commerce newsletter
1. Vipshop announces transformation into social e-commerce
Guangzhou Daily News: On May 15, Vipshop announced that it would actively transform into social e-commerce.
It is understood that Vipshop is actively exploring new social e-commerce models through strategic cooperation with Tencent, and its cooperation portal with WeChat Wallet was fully opened to all WeChat users on April 8. (Hugo.com)
2. Tmall’s first offline service center is located in Hangzhou Wulin Yintai
The Tmall Worry-Worry-Friendly flagship store was officially launched yesterday. At the same time, the first "Tmall Worry-Friendly Service Center" in the country was launched in the trial operation of the Wulin Yintai Main Store in Hangzhou. The Tmall offline service center covers nearly 400 square meters, and has nine major service areas including clothing modification, shoe and clothing cleaning, luxury goods identification, watch repair, jewelry maintenance, famous products and mobile phone recycling, providing one-stop services. (Lianshang.com)
3. Jack Ma: No matter how powerful the machine is, it is still artificial. The current intelligence is still in the kindergarten era.
When attending the forum, Jack Ma said that we will find solutions to the problems of technological development and career replacement during the development process. He believes that no matter how awesome the machines are, they are all made by humans. He said that he wanted to let machines replace human work, "In this way, our children will only work 4 hours a day in the future, and he still feels that he is busier than me now. This is the change in the future." (The Paper)
4. Performance announcement shows that Alibaba Health's gross profit has increased sharply, turning losses into profits for the first time
36Kr News, Alibaba Health released a performance announcement at the evening. Alibaba Health achieved revenue of 2.443 billion yuan and gross profit of 653 million yuan this year. Revenue and gross profit increased significantly, up 414.2% and 248.7% year-on-year respectively. Alibaba Health's profit after excluding equity incentive fees reached 8 million, turning losses into profits for the first time. (36kr)
5. Tencent has become the most profitable non-financial listed company in China, and its net profit is approaching Ping An of China
Data shows that in the A-share market, there were 15 companies with net profits of more than 10 billion yuan in the first quarter of 2018, and even fewer A-share listed companies with net profits of more than 20 billion yuan, with only 7 companies, namely Industrial and Commercial Bank of China, Construction Bank, Agricultural Bank of China, Ping An, China Merchants Bank and Bank of Communications, all of which are financial companies. Therefore, Tencent has also become China's most profitable non-financial listed company. (Broker China)
Internet news
6. Dong Mingzhu motivates employees: To realize Gree’s one-person, one-room apartment
Dong Mingzhu motivated her employees at the "Gree 2018 Dream Festival Again" today, saying that she would realize "Gree people have one house for each person". She said on the spot that the Zhuhai Municipal Government has promised to grant Gree about 10,000 units of land (building area). (Sina Finance)
7. Nokia sets up Shenzhen lab to rediscover the Chinese market
On May 16, HMD announced in Beijing that Nokia Mobile Global Future Laboratory will be launched in Shenzhen, China from now on, focusing on cutting-edge technologies and providing core innovation reserves for the global strategic development of Nokia mobile phones.
Juho Sarvikas, chief product officer of HMD, told reporters including First Financial News: "HMD brings Nokia Mobile's Global Future Laboratory and its top team to China, focusing on 5G technology, new materials and new processes, imaging technology and future mobile experience. This is an important step for HMD to deepen its roots in the Chinese market and fulfill its commitment to the Chinese market."
HMD is a Finnish-based company that officially took over Nokia's smartphone brand business from Microsoft 16 months ago. (First Financial Daily)
8. NetEase will buy back no more than US$1 billion in shares: US$376 million has been repurchased
According to morning news on May 17, Beijing time, NetEase announced its first quarter financial report for 2018 today, and also announced the progress of its share repurchase: As of March 31, 2018, NetEase has repurchased about 1.24 million American depositary receipts (ADS), totaling approximately US$376 million. (Sina Technology)
9. Tencent's Penguin Doctor plans to jointly open a number of general practice clinics with Hong Kong Yisi Medical
Hong Kong Medical Group, a listed company on the Hong Kong Stock Exchange, issued an announcement today stating that it will jointly open a number of general practice clinics in Hong Kong with Tencent's Beijing Penguin Hospital Management Co., Ltd. (Penguin Doctor). The announcement stated that the Group will join hands with Penguin Doctors to open a number of general practice clinics in Hong Kong to introduce Penguin Doctor’s smart clinic closed-loop medical model into the Hong Kong medical market. TechWeb)
Cross-border newsletter
10. NetEase Kaola Haigou and two well-known brands in Thailand have strategic cooperation
NetEase Kaola Haigou, Thailand Pattani and Kuron, upgraded strategic cooperation in Hangzhou and continued to deepen bilateral trade between China and Thailand.
It is understood that in May 2015, Thailand and China achieved great success in cooperation in trade, investment, culture and other aspects. The two countries have set a goal of reaching US$100 billion by the end of 2015. In terms of investment, China strongly supports the export of Thai agricultural products, such as rice, latex and cassava, to China, and the annual investment of Thailand and China exceeds US$1 billion. Effectively creates good opportunities for ASEAN countries to enter the Chinese market, allowing regional countries to become permanent trading partners with China. (Hugo.com)
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