#Laogao E-commerce Newsletter# [E-commerce Morning News on July 12] 1. Youku sued Youku for a ticket for claiming a claim of 3 million yuan; 2. Goldman Sachs lowered Vipshop's ADR rating to neutral; 3. Yingke's IPO in Hong Kong today is less than 10 times, or it may break the curse of breaking the issue; 4. Uber reduces the scale of the driverless team: lay off about 100 employees; 5. Alibaba's rental business has settled and settled the internal integration of Xianyu Taobao...
E-commerce newsletter:
1. Alibaba’s leasing business has settled and internal integration of Xianyu Taobao
On July 11, the adjustment of the leasing business within Alibaba's system has finally been settled. On July 10, Alibaba released data on Xianyu's new business, Xianyu's leasing, which was launched for a week. Data shows that the number of orders for Xianyu Rental has exceeded 20,000, of which 68% of the users are "post-90s". Alibaba said that Taobao leasing business was merged into Xianyu leasing, and the current two pages are retained separately. After the integration is completed, the layout of the leasing industry may be stirred up. (E-commerce News)
2. Qijia.com: It will invest more money in supply chain integration and other aspects
On July 11, Qijia.com founder Deng Huajin released an internal letter today saying that Qijia.com had just been established in the past few years, and it was the first to build a building materials and home shopping guide platform. Today, Qijia.com's transformation is very successful. It has developed into China's largest and most prestigious Internet home decoration platform, and has built a vigorous platform ecosystem.
Deng Jinhua also said that he will invest more money and more energy in supply chain integration, product and technology improvement. In the future, more cities will be expanded to meet the needs of users on a larger scale.
It is reported that Qijia.com will be listed on the Hong Kong Stock Exchange on July 12, with the stock code "01739", and the issuance price is set at HK$4.85, which is lower than the Issuance Range, and plans to raise HK$2.18 billion.
According to previous announcements, Qijia.com was originally scheduled to be listed on July 5, but was later postponed to July 12. (Yibang Power Network)
3. Goldman Sachs lowered Vipshop ADR rating to neutral
Bloomberg reported that Goldman Sachs analyst Ronald Keung lowered Vipshop's ADR to neutral from buy. Bloomberg data shows that Vipshop has previously had 14 buys, 9 holds and 0 sell ratings. (36Kr)
4. Click on Ida to integrate into Cainiao Ecology CEO Zhao Jianfeng sent an internal letter
July 11th news, today announced that it will become its controlling shareholder with its largest instant logistics platform, Dianwoda, with crowdsourcing business and other business resources and a US$290 million cash strategic investment. This is the largest investment in the field of instant logistics in China so far. Subsequently, Zhao Jianfeng, founder and CEO of Dianwoda, issued an internal letter saying, "This is a win-win strategic cooperation between all parties and will put the company to a new height." At the same time, he said that the company's strategic goal in the next three years is to become the world's largest instant logistics platform. It is understood that Dianwoda was established in June 2015 and currently has more than 3 million crowdsourcing delivery staff, covering more than 300 cities across the country, serving more than 1 million merchants and nearly 100 million users. In 2017, Dianwoda achieved a 10-fold business growth target. (Yibang Power Network)
Internet Information
5. Yingke went to Hong Kong today and PE is less than 10 times or breaks the curse of breaking the hair
On July 12, Inke will be listed on the Hong Kong Stock Exchange. The issue price of Inke's IPO was finally determined to be HK$3.85 per share, raising HK$1.0486 billion, and the IPO valuation was HK$7.76 billion, and the issuance PE value was less than 10 times. The prospectus shows that compared with the loss-making listing of other Internet companies, Yingke, which has been established for three years, never knows the taste of loss. The net profits in 2015, 2016 and 2017 were RMB 1.5 million, RMB 568.2 million and RMB 792 million respectively. (Securities Daily)
6. Uber reduces the size of its driverless team: layoffs about 100 employees
Uber confirmed to local media in Pittsburgh that it has laid off about 100 people on its driverless car team. The company announced a suspension of the business after an accident in Arizona caused pedestrian deaths. Uber did not disclose the positions of the layoffs, but said most of them belong to the Pittsburgh team, and some employees are from Uber's headquarters in San Francisco. (Sina)
7. Youku sued for a ticket claim for 3 million yuan in compensation because he believed that the other party hijacked the advertising traffic.
On July 12, Beijing Chaoyang Court released a case report yesterday, saying that because it believed that the "Youzhao App" had misappropriated the schema (a collection of user databases) without permission, it instead called the "Youzhao" client when the third-party mobile client should have called the "Youzhao" client, hijacking the "2018 World Cup" advertising traffic. Recently, Youku Information Technology (Beijing) Co., Ltd. (hereinafter referred to as "Youzhao") filed an unfair competition lawsuit against Beijing Youzhao Technology Co., Ltd. (hereinafter referred to as "Youzhao"), demanding to stop infringement and claim 3 million yuan. (E-commerce News)
8. Bidding promotion was exposed and three other platforms were interviewed again
On July 11, the Municipal Consumer Protection Committee once again summoned three prominent platforms for investigation, including 58.com, Baidu and 360. A reporter from The Paper found at the interview that the platform has begun to investigate issues such as dishonesty for repairers, and some platforms have removed all promotions. However, the platform still does not have the ability to verify online repairers. Tang Jiansheng, deputy secretary-general of the Municipal Consumer Protection Committee, told reporters that during this air conditioner maintenance inspection, the Consumer Protection Committee found that the platform relies on traffic to sell money, and illegal repair companies deceive consumers in order to recover the cost of buying traffic. However, normal repair companies lost customer orders because they could not afford traffic. In addition, the platform's review was not strict, and this market eventually showed that "bad money drove out good money." "These three platforms have this traffic, and they have the responsibility to establish an integrity mechanism and replace bidding rankings." Tang Jiansheng said. (Pengpai News)
Cross-border e-commerce
9. American fresh food e-commerce company GrubMarket receives US$32 million in Series C financing
36Kr learned that GrubMarket, a US fresh food e-commerce platform that specializes in organic food, announced that it has received a US$32 million Series C financing led by GGV. This round of funds will be mainly used to acquire other companies, increase revenue before the upcoming IPO, expand C-end business, and better complement the current B-end business. In addition, GrubMarket plans to submit a prospectus to the U.S. Securities and Exchange Commission at the end of this year or early in 2019 and conduct an IPO in the second half of 2019. (36Kr)
10. Russia's largest search engine company is also going to do e-commerce
Yandex is Russia's largest technology company worth $12 billion, known for creating the country's most popular search engine, which is known as "Russia's Google." Data shows that the company has 50 million users per month, while Russia has only 87 million Internet users in total. Now, Yandex also wants to do e-commerce. According to reports, Yandex is already developing its own online shopping service.
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