#Laogao E-commerce Newsletter# [E-commerce Morning News on June 22]

　　#Laogao E-commerce Newsletter# [E-commerce Morning News on June 22] 1. The latest top 100 retail sales in China are released: Tmall and JD.com ranked in the top two; 2. Home appliance 3C market changes RT-Mart and Suning have reached strategic cooperation; 3. Tongda Group withdrew from Fengchao SF Express, and Cainiao's secret war intensified; 4. Alibaba: Nominated a director on the board of directors of ZTO Express; 5. Zong Qinghou's Wahaha's revenue shrank by 30 billion in five years...

　　E-commerce newsletter

　　1. The latest top 100 retail sales in China are released: Tmall and JD.com ranked top two

　　The China Federation of Commerce and the China National Business Information Center jointly released the 2017 top 100 retail list of China, which includes traditional retailers and e-commerce platforms. The list shows that Tmall ranks first on the list with a sales scale of 2.11 trillion yuan, JD.com followed closely with a sales scale of 1.29 trillion yuan, and Suning and Gome ranked fourth and fifth on the list. (Lianshang.com)

　　2. Changes in the home appliance 3C market RT-Mart and Suning reach strategic cooperation

　　On the evening of June 21, RT-Mart and Suning announced that the two parties signed a memorandum of strategic cooperation, and will focus on the home appliance 3C zone of all RT-Mart stores in mainland China to conduct in-depth cooperation and operation.

　　It is understood that the two retail giants adopt a joint venture model for this strategic cooperation. The scope of cooperation includes RT-Mart's current 393 stores in mainland China, and all new stores' home appliance 3C business in the future.

　　It is expected that this strategic cooperation will be implemented one after another as early as August this year. This means that Suning's 3C home appliance market share will further increase, and RT-Mart's 3C home appliance supply chain will also be further enhanced. (Lianshang.com)

　　3. Tongda Group withdrew from Fengchao SF Express, and the secret battle between rookies has intensified

　　Recently, Shentong Express issued an announcement stating that its wholly-owned subsidiary Shentong Express Co., Ltd. transferred its 9.09% stake in Fengchao Technology to Shenzhen Weirong Enterprise Development Co., Ltd. On the same day, Yunda Co., Ltd. also announced that the company and its subsidiaries intend to transfer their 13.47% stake in Fengchao Technology to Shenzhen Weirong. After the transaction is completed, Shentong, Yunda and its subsidiaries no longer hold equity in Fengchao Technology. At this point, coupled with the ZTO that had been withdrawn before, the "Tongda Group" has completely withdrawn from Fengchao. (Lianshang.com)

　　4. Alibaba: Nominated a director on ZTO Express’s board of directors

　　Alibaba said today that it nominated a director on ZTO Express's board of directors, and Alibaba nominated a new director after ZTO Express removed one current director. Previously, Alibaba increased its stake in ZTO Express 8.6% for investment purposes. (Sina)

　　5. Zong Qinghou's Wahaha's revenue shrank by 30 billion in five years

　　Public data shows that from 2013 to 2016, Wahaha's operating income was 78.28 billion yuan, 72 billion yuan, 49.4 billion yuan and 52.9 billion yuan, respectively. Until 2017, its revenue shrank to 45.6 billion yuan, and its revenue shrank by more than 30 billion in five years. However, with the decline in performance, the problem of Wahaha's aging channel has been constantly criticized by the industry. In response, Zong Qinghou began to adjust and reflect, but under the new situation, Wahaha faces considerable challenges. (Lianshang.com)

　　6. Tencent executives: In recent years, it plans to increase advertising revenue to 30%-40% of Tencent's total revenue

　　A core executive in charge of advertising business of Tencent revealed to 36Kr that in recent years, Tencent plans to increase the proportion of advertising revenue to the company's total revenue to 30 to 40%. But he also emphasized that he hopes to keep this proportion below 50% to maintain the consumer experience. When mentioning the focus of Tencent's commercial monetization in the next year, another Tencent insider told 36Kr that it will enhance its service capabilities for small and medium-sized and local merchants, including improving the operating efficiency of offline merchants through smart retail tools launched by the company. (36kr)

　　Internet Information

　　7. Baidu App responds to appointing Papi Jiang as Chief Content Officer: It’s just a marketing cooperation

　　Yesterday, Baidu App officially posted on Weibo that Papi Jiang officially served as the chief content officer of Baidu App and set up a cash red envelope event for 1.8 billion in specific time periods during the World Cup. Baidu App said that this time is just a marketing cooperation and there are no personnel appointments. (Beijing News)

　　8. Kuaishou completed a new round of financing in April, and Tencent added $400 million

　　According to people familiar with the matter, Kuaishou's new round of financing was completed in April this year, Tencent added another additional US$400 million, and Kuaishou's valuation was close to US$20 billion. (interface)

　　Cross-border newsletter

　　9. US e-commerce has begun to impose full taxes, and fair competition online and offline

　　The U.S. Supreme Court ruled on Thursday with a 5-4 vote, states have the right to impose taxes on interstate sales of Internet e-commerce companies. This means that the US consumption tax system officially covers online e-commerce. The tax dividend period for online e-commerce in the United States has officially ended, and they will enter an era of equal competition with ordinary retailers. (Sina)

　　10. Tencent may participate in the firstCry financing of Indian maternal and infant e-commerce.

　　According to Deal Street Asia, India's largest maternal and child e-commerce company FirstCry is in contact with several investors to raise $100 million to $150 million. The retailer has restarted negotiations with Temasek and is in contact with Tencent and a Chinese investment company to add a new round of financing, people familiar with the matter said. (36Kr)

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