#Laogao E-commerce Newsletter# [May 18 E-commerce Morning News]

　　#Laogao E-commerce Newsletter# [May 18 E-commerce Morning News] 1. Taobao joins hands with merchants to crack down on malicious behaviors, allowing law-abiding merchants to perceive platform protection; 2. Walmart's first-quarter performance exceeded expectations and was driven by e-commerce business; 3. Alibaba participated in the formulation of global Java standards and became the first Chinese company invited; 4. The CEO of Rape Comics apologized: All video programs are offline, and the website app is closed and rectified indefinitely; 5. Haidilao International Holdings submitted an application for listing on the Hong Kong Stock Exchange...

　　E-commerce newsletter

　　1. Taobao joins hands with merchants to crack down on malicious behaviors, so that law-abiding merchants can perceive platform protection

　　"In 2018, the keywords of platform governance are 'service', 'guarantee' and 'credit'. On the one hand, merchants who operate illegally will continue to be severely punished, while on the other hand, they will increase the protection for merchants who operate lawfully." At the 2018 Taobao Merchant Conference, Zhang Kaif, the person in charge of Taobao rules, told the merchants in this way. He revealed that Taobao is planning to create "credit and business guarantee rules" to allow merchants who operate honestly to obtain stronger protection. "This series of actions aims to create a more secure business environment." (Laogao E-commerce Circle)

　　2. Walmart's first-quarter performance exceeded expectations and was driven by e-commerce business

　　In the early morning of May 18, Beijing time, Walmart released its first quarter financial report for fiscal year 2018. Driven by e-commerce business, Walmart's first-quarter revenue and profit both exceeded analysis expectations.

　　In the first quarter, Walmart revenue was $122.69 billion, higher than analysts' average estimate of $120.51 billion. Among them, online sales increased by 33% year-on-year, while in the fourth quarter of last year, the year-on-year increase was 23%. Earnings per share were $1.14, higher than the average analyst estimate of $1.12 by Thomson Reuters. Same-store sales rose 2.1% year-on-year, higher than analysts' average expectations of 2.0%.

　　Walmart expects online sales to grow by 40% throughout fiscal 2018. Walmart CEO Doug McMillon said that Walmart is becoming more and more digital, which is also the direction of its future development. (Sina Technology)

　　3. Alibaba participated in the formulation of global Java standards and became the first Chinese company invited

　　It is revealed that Alibaba was selected as the JCP Executive Committee this time mainly due to the rich Java application scenario practice accumulated in the fields of e-commerce, finance, logistics, etc., which gave Alibaba the opportunity to apply cutting-edge Java technology to a real production environment through iterative innovation.

　　Internet news

　　4. CEO of Ragle Comics apologizes: All video programs are offline, and the website app is closed and rectified indefinitely

　　Weibo closed a number of accounts such as Raid Comics for suspected infringement of the image of heroes and martyrs, and video platforms such as Youku and B station have also successively removed the video program "Rid Comics".

　　Last night, Ren Jian, CEO of Raid Comics, apologized on Weibo and announced that he decided to remove all video programs such as "Rampage Event", "Rampage What Movies", "Rampage What Games" and other video programs from now on, and to close and rectify the official website of "Rampage Comics", "Rampage Comics App, and Raid Daily App indefinitely.

　　5. NetEase Financial Report Game Revenue and Net Profit Falling, Stock Price Falls More than 7% in Early Trading on Thursday

　　NetEase's stock price plummeted in early trading Thursday. As of 21:35 Beijing time, its stock price fell $18.80 to $247.20, a drop of 7.07%. NetEase's first quarter financial report for 2018 showed that its net income was 14.173 billion yuan (approximately US$2.26 billion), an increase of 3.9% year-on-year; based on non-US general accounting standards, its net profit was 1.337 billion yuan (approximately US$213 million), a year-on-year decline of 69.2%. (Sina Technology)

　　6. Haidilao International Holdings submits an application for listing on the Hong Kong Stock Exchange

　　Haidilao International Holdings submitted an application for listing on the Hong Kong Stock Exchange, with a total revenue of 10.637 billion yuan in 2017. (Cailianshe)

　　7. Jia Yueting strongly supports Liu Chuanzhi and says that no bottom line competition is popular in China

　　Last night, Jia Yueting posted on Weibo, expressing his support for Liu Chuanzhi. Jia Yueting said, "Liu is always one of the most respected entrepreneurs in contemporary times. I don't understand why this bottomless competitive method is always popular in China. This behavior hurts not only a company, but the source of a country's innovative spirit." (NetEase Technology)

　　8. ofo announced the establishment of Blockchain Research Institute

　　Today ofo announced the establishment of the Blockchain Research Institute, which will use blockchain technology worldwide to empower big data and the Internet of Things, connect enterprises, governments, users and other entities, solve the operational pain points such as shared bicycle placement, scheduling, parking, and maintenance, and assist in solving the urban governance problems of shared bicycles. (Planet Daily)

　　9. The car-sharing company "Muggle Travel" announced the closure of deposits and balances can be refunded

　　On May 17, car sharing company Muggle Travel issued an announcement tonight stating that due to the company's business strategy adjustment, Muggle Travel's shared car will be suspended on May 20.

　　At the same time, the deposit, recharge amount, etc. can be applied for refund. After June 1st, for users who have not yet applied for a refund, we will automatically refund in the background: the deposit will be returned as usual, and the recharge will be returned to WeChat change.

　　It is reported that the operating entity of Muggle Travel is Hangzhou Chekuailai Technology Co., Ltd., which holds 100% of the shares. Wuhan Yuanguang Technology Co., Ltd. is also the operating entity of real-time bus application. (Tencent Technology)

　　Cross-border newsletter

　　10. NetEase released Q1 financial report: NetEase Kaola Haigou leads e-commerce business to grow by 101%

　　Hugo.com News: On May 17, NetEase released its 2018 Q1 financial report. NetEase's cross-border e-commerce platform, NetEase Kaola Haigou, performed strongly. According to the financial report, NetEase's e-commerce business's net revenue in Q1 2018 was RMB 3.732 billion (US$595 million), an increase of 101.0% year-on-year. NetEase Kaola Haigou's industry leadership in cross-border e-commerce business has been further consolidated. (Hugo)

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