#Laogao E-commerce Newsletter #July 31 E-commerce Evening News

　　#Laogao E-commerce Newsletter# [E-commerce Evening News on July 31] L'Oreal's revenue in the first half of the year was 14.8 billion euros, and its e-commerce sales increased by 48.5% year-on-year; Mogujie released the "2019 Mogujie Live Double Hundred Plan"; WeChat public platform launched the "Frequent Reading User" analysis function, which can query user age and other data; the list of outstanding builders of non-public economic personnel was announced: Lei Jun, Ding Lei, Tao Huabi and others were selected; Huang Zhang: He did not refuse Lei Jun's 1 billion investment at the beginning, and he decided to make a mobile phone when he agreed..

　　E-commerce newsletter

　　1. L'Oreal's revenue in the first half of the year was 14.8 billion euros, and its e-commerce sales increased by 48.5% year-on-year

　　On July 31, L'oreal released its semi-annual report, with sales in the first half of 2019 reaching 14.81 billion euros, a year-on-year increase of 7.3%. Operating profit rose 12.1% to 2.888 billion euros. Net profit was 2.326 billion euros after accounting for non-recurring expenses of €139 million.

　　During the reporting period, e-commerce sales increased by 48.5%, accounting for 13.2% of total sales. Travel retail became another growth engine, up 21.2%. (Will Information Network)

　　2. Intime New Retail creates the world's first non-closed department store

　　According to July 31, a new round of consumption policies has been released recently, and the "night economy" has become a new consumption growth point. The Alibaba Night Economic Report shows that Yintai Miao Street increased its average customer price by 1,000 yuan per hour from 23:00 to 02:00, and it stood in the C position with Tmall and Taobao. Intime Department Store is also called "the world's first department store that never closes." (Lianshang.com)

　　3. Mogujie releases the "2019 Mogujie Live Double Hundred Plan"

　　On July 31, Mogujie released the "2019 Mogujie Live Double Hundred Plan", which plans to recruit high-quality celebrity anchors, institutions and supply chains from the entire network to help new anchors complete one-million sales within 100 days, and will incubate 100 anchors with sales exceeding 10 million in 2019. (Sohu)

　　4. WeChat Pay launches 88 Smart Life Day, and will launch a nationwide free order event on August 8

　　The 2019 WeChat Pay "88 Smart Life Day" was officially launched. From August 1 to August 8, WeChat Pay will jointly issue hundreds of millions of yuan in discounts with major merchants across the country, and conduct a nationwide free order event on August 8. (Tencent Technology)

　　5.YOTO International and Promise Promotion of “Global Flash Delivery” Service

　　On July 31, YTO International and Promise announced a cooperation to jointly launch the "Global Flash Delivery" business to meet international urgent needs. "Global Flash Delivery" starts from China, covering regions around the world except India, North Korea and Iraq, and provides annual services. In terms of receipt and delivery standards, the international civil aviation luggage carrying standards will be followed. Each piece weighs less than 32kg, the total length/width/height will not exceed 158cm, and the number of pieces will not be limited. Currently, users in the Northeast, North China, East China and South China can place orders through the official phone number. (36Kr)

　　Internet news

　　6. The WeChat public platform launches the "Frequently Read User" analysis function, which can query user age and other data

　　On July 31, the WeChat public platform recently launched the "Frequently Read User" data analysis function, which can query user age and refine regional distribution. From an operational perspective, the operator logs into the WeChat public platform and clicks on User Analysis - Read User Analysis frequently to see subdivided data such as gender, age, city, and terminals. Regarding how to define "frequently read users", WeChat's explanation is: in the horizontal column of the "frequently read subscription account" at the top of the subscription account message list, the user of your official account is always on the horizontal column of the "frequently read subscription account". (E-commerce News)

　　7. Xiaomi's stock price fell frequently and repurchased, Lei Jun reduced his holdings of Class A shares to maintain the voting rights ratio

　　Data updated by the Hong Kong Stock Exchange yesterday showed that Lei Jun and Lin Bin converted their 18.827 million and 10.52 million Class A shares into Class B shares on July 25. Previously, Xiaomi Group repurchased a total of 105.5 million Class B common shares between June 3 and July 3, and the related repurchased shares were cancelled on July 25. Xiaomi Group previously announced that according to relevant regulations, the voting ratio of Class A and Class B shares must remain unchanged before and after the repurchase of shares by companies with different rights. Therefore, Lei Jun and Lin Bin must convert some Class A shares into Class B common stocks. (Tencent First-line)

　　8. Announcement of the list of outstanding builders for non-public economic personnel: Lei Jun, Ding Lei, Tao Huabi and others were selected

　　On July 31, the website of the State Administration for Market Regulation announced the list of outstanding builders of socialism with Chinese characteristics for the fifth national non-public economic person. Lei Jun, Chairman and CEO of Xiaomi Group, Ding Lei, CEO of NetEase (Hangzhou) Network Co., Ltd., and Tao Huabi, Chairman of Guiyang Nanming Laoganma Flavor Food Co., Ltd., were selected. The State Administration for Market Regulation stated that according to relevant regulations on the review work, the public announcement time will start from 8:00 on July 31, 2019 to 17:00 on August 6, 2019. (Sina Finance)

　　9. Huang Zhang: He did not refuse Lei Jun's 1 billion investment at the beginning. When he agreed, he decided to make a mobile phone.

　　On July 31, Huang Zhang, founder of Meizu Technology, chairman and CEO of Meizu Group, said in Meizu community, "About Lei Jun and I have self-media said that I am reluctant to let go of shares. In fact, Lei Jun originally hoped that Meizu would cost 1 billion yuan. I did not completely refuse him when he invested 30%. But when I officially agreed to him, he said that he had decided to build a software company by himself. During this period, he arranged for Lin Bin and Li Wanqiang to visit me separately to understand the situation and ideas of making mobile phones. I have never realized that he wanted to make mobile phones." (Sina.com)

　　Cross-border newsletter

　　10. Robinson Global Logistics Corporate Net Income in the Second Quarter of 2019 was US$695 million

　　On July 31, CH Robinson released its second quarter 2019 financial report. According to the financial report, the total revenue in the second quarter of 2019 was US$3.9 billion and the net revenue was US$695 million, of which truck transportation revenue was US$370 million, LTL business revenue was US$120 million, and multimodal transportation revenue was US$6.3 million. (Financial Headlines)

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