#Laogao E-commerce Newsletter# [E-commerce Morning News on August 24]

　　#Laogao E-commerce Newsletter# [E-commerce Morning News on August 24] Alibaba's Q1 financial report revenue increased by 80.92 billion yuan, revenue increased by 61%; 2. Alibaba CEO Zhang Yong: He will do his best to win the competition for local life services; Taobao's annual active consumers increased to 576 million Alipay services exceeded 870 million global users; Taobao's global shopping rules changed: global shopping store access, clearance, and assessment adjustment; Q1 Tmall's physical products GMV increased by 34% year-on-year...

　　E-commerce newsletter:

　　1. Alibaba's Q1 financial report revenue increased by 80.92 billion yuan.

　　On the evening of August 23, Beijing time, Alibaba Group announced its financial report for the first quarter of fiscal year 2019 (2018.4.1-2018.6.30). In the quarter, Alibaba's revenue increased by 61% year-on-year to RMB 80.92 billion, maintaining a rapid growth of more than 55% for six consecutive quarters. The revenue of core e-commerce business reached 69.188 billion yuan, an increase of up to 61% year-on-year. The revenue growth this quarter exceeded expectations of analysts from Bloomberg, Reuters and other institutions. Among the world's leading Internet companies, including FANG (Facebook, Amazon, NETFlix and Google), only Alibaba's growth rate exceeded 50%. (Tianxia Online Business)

　　2. Alibaba CEO Zhang Yong: He will do his best to win the competition for local life services

　　On August 24, Alibaba Group CEO Zhang Yong said that the local life service market is a very important area and Alibaba will do its best to win this battle. Alibaba will not only invest money, but also invest technology and other resources to help word of mouth and Ele.me occupy an important market share and position in the local life market. At the same time, Ele.me's large-scale instant delivery network will also react chemically with Alibaba's new retail business. Alibaba is working hard to integrate this network to enhance the stickiness of Alibaba's economy and improve the efficiency of long-term operation. (E-commerce News)

　　3. Taobao's annual active consumers increased to 576 million Alipay services exceeded 870 million global users

　　According to reports on August 23, Alibaba's financial report showed that Taobao's annual active consumers increased to 576 million, with a net increase of more than 20 million for the fourth consecutive quarter. Taobao's content and sinking market entered a harvest period; Alipay's users continued to grow rapidly for many years, serving more than 870 million users around the world with partners; new retail business revenue increased by more than 340% in the quarter; Tmall's physical GMV increased by 34% year-on-year, leading the industry for five consecutive quarters and continuously expanding its leading advantage in the B2C market. (Yibang Power)

　　4. Changes to Taobao’s global shopping rules: Global shopping store access, clearance, assessment adjustments

　　The announcement shows that in order to strengthen the two major market minds of "global buying market" and "global shopping store market" and encourage sellers who operate in compliance to provide better consumer services, Taobao plans to adjust the rules of Taobao's global shopping market. It is reported that the new rules will officially come into effect on August 28, 2018.

　　It is reported that the main changes include: 1. The traceability time for illegal points deductions in the global shopping store access conditions has been adjusted from this natural year to nearly 365 days/90 days; 2. Serious violations (BC category) are the bottom line of the global shopping store market, and they are immediately cleared once the violation is violated; 3. The restrictions on the global shopping store clearance and then settled in is linked to the severity of the reason for the removal; 4. Taobao’s global shopping market has added "Tao Credit". The higher the score, the more types of guarantee services, and the higher the level of protection. (Taobao rules)

　　5. In Q1, Tmall's physical product GMV increased by 34% year-on-year, and its market share increased to 58.2%

　　According to reports on August 23, Alibaba's financial report showed that Tmall's physical product GMV increased by 34% year-on-year in Q1, exceeding the growth rate of 29.3% of national online retail sales from January to July this year, leading the industry for five consecutive quarters. According to third-party data, Tmall's GMV growth rate is higher than the total growth rate of China's B2C market, and its market share has increased to 58.2%. (Tianxia Online Business)

　　6. Cainiao and Chongqing will build a new retail order center, etc.

　　On August 23, Cainiao announced today that the IoT strategy will be implemented in Chongqing and signed a cooperation agreement with Chongqing Banan to build another node project of the national intelligent logistics backbone network in the local area. It is reported that the Cainiao Banan project of the National Intelligent Backbone Network will build a new retail order production center, a logistics big data information platform, a new retail supply chain financial service center, a new retail experiment platform, etc.

　　7. Alibaba's new retail business revenue grew by more than 340%

　　According to August 23, in the first quarter of fiscal year 2019, Alibaba's new retail business (China retail business - others) with import business, Hema Fresh and Intime Department Store as the core grew by more than 340%. (Yibang Power)

　　Internet information:

　　8. Ant Financial has made breakthroughs in its technological development with over 870 million users

　　According to August 23, Alibaba Group announced its first quarter financial report for fiscal year 2019. In this quarter, Alibaba's strategic investment company Ant Financial announced a new round of equity financing, with a significant increase in valuation. The increase in Ant's valuation not only highlights the huge development potential of Alibaba's economy, but will also further enhance the strategic value of Alibaba Group and strengthen the coordinated development of Alibaba's economy. Data shows that Alipay and its partners serve more than 870 million users worldwide. Among them, the maximum payment peak reached 256,000 transactions per second; the peak processing of independent research and development databases reached 42 million transactions per second. (Yibang Power)

　　9. Tencent Music will go to the United States for IPO in mid-to-late October

　　According to August 24, Tencent Music will go public in the United States in mid-to-late October. People familiar with the matter revealed that Tencent Music plans to launch its listing in the United States at the end of September. Tencent Music's fundraising amount in the United States can reach up to US$4 billion, making it the Chinese company with the highest IPO amount after Alibaba's listing in the United States, and will also become the company with the highest IPO amount in the United States in 2018. (E-commerce News)

　　Cross-border e-commerce

　　10. Wish announcement: Some logistics service providers approved by the platform will be removed, and will take effect on August 28

　　Recently, Wish issued an announcement stating that it will remove some logistics service providers recognized by the platform, which will take effect on August 28. According to the announcement, after review, starting from August 28, 2018, some logistics service providers and logistics service levels in the road will be removed from the "Wish approved logistics service provider list". Wish recommends sellers to use "Wish Mail" as an alternative logistics option. Sellers must choose a logistics service provider to fulfill the order in compliance with the discretion. (Hugo.com)

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