#Laogao E-commerce Newsletter# [E-commerce Morning News on August 27] Didi's murdered girl was forced to transfer money to the driver, and Didi's 500 billion listing plan may be affected; Alibaba established Hema Company in Hangzhou, but Hema has not responded yet; Hillhouse Capital reduced its holdings in JD.com and increased its holdings in Alibaba; Gaode suspended its hitchhiking business, and Didi hitchhiking can still be used normally; Qudian: Net profit of 738 million yuan said that Ant Financial will not renew it will have no impact...
E-commerce newsletter:
1. Alibaba established Hema Company in Hangzhou, but Hema has not responded yet
According to August 26, Alibaba recently registered and established Hema Company in Hangzhou. Through Qichacha, it was found that the newly registered company name is Hangzhou Hema Network Technology Co., Ltd., with the establishment date of August 16, and the legal person is Hema founder Hou Yi personally.
It is worth noting that Hema also registered the Hangzhou Xiaoshan Branch of Shanghai Hema Network Technology Co., Ltd. on May 30. It is reported that the fourth store in Hangzhou, which will be opened by Hema Fresh, is in Xiaoshan. It is understood that Hema currently has five stores in Zhejiang, including three in Hangzhou. Previously, the operation of Hema in Zhejiang area has been under the responsibility of Zhejiang Zhejiang Haihuadi Network Technology Co., Ltd., which is a subsidiary of Sanjiang Shopping. This time, Hema directly established a company in Hangzhou, which is considered by the industry to be a precursor to Alibaba's revocation of Hema's operating rights in Sanjiang in Zhejiang. (E-commerce News)
2. Hillhouse Capital reduces its holdings in JD.com and increases its holdings in Alibaba
On August 26, according to the latest data disclosed by the Securities and Exchange Commission (SEC), Alibaba replaced JD.com and became Hillhouse Capital's largest holding stock, which was also the company with the largest increase in holdings in the second quarter. As of June 30, 2018, Hillhouse Capital held 6.5084 million shares of Alibaba, with a holding of US$1.21 billion (approximately RMB 8.3 billion), an increase of 4.9541 million shares compared with the end of the first quarter. (E-commerce News)
3. Qudian: Net profit of 738 million yuan said that Ant Financial will not renew it will have no impact
Last night, Qudian Group disclosed its second quarter financial report for 2018. According to the financial report, Qudian's total revenue in the second quarter was RMB 2.244 billion, a year-on-year increase of 124.7%; adjusted net profit of RMB 738 million, a year-on-year increase of 42.0%.
In addition, Qudian's financial report also mentioned that the cooperation with Ant Financial's display channel as a third-party service provider through Alipay expired in August 2018.
Both parties decided not to renew the contract. Qudian CFO Yang Jiakang said in an analyst Q&A session that 96% of transactions in the first half of this year were completed independently through Qudian’s own app, and no longer renewal will have a substantial impact on the company’s current business.
In response, Ant Financial responded that it reached a consensus with Qudian and would no longer renew the relevant commercial agreement. This is a normal business arrangement. As one of Qudian's shareholders, it will continue to pay attention to the development of Qudian as always. (Source: Leifeng.com)
4. Net profit fell by nearly half year-on-year, the crisis behind the unicorn CATL
100 days after its high-profile listing, CATL's first stock on the GEM and a unicorn in the power battery industry, delivered its first answer to the capital market. The report shows that in the first half of this year, CATL achieved a total operating income of 9.359 billion yuan, a year-on-year increase of 48.69%; a net profit of 1.069 billion yuan, a year-on-year decrease of 45.83%; a net profit attributable to shareholders of listed companies was 910 million yuan, a year-on-year decrease of 49.70%. (Source: Yiou)
5. Baidu joins the currency circle to rectify, digital currency is blocked completely
According to August 26, after Tencent and Alibaba cut off the off-market payment channels for digital currencies, Baidu has also joined a comprehensive blockade of the currency circle. It is reported that the past lively currency bar, digital currency bar, virtual currency bar and other post bars have been banned, and even some unknown coin project post bars have disappeared without a trace. (E-commerce News)
Internet information:
6. Dong Mingzhu Chip Company’s products will serve the main business by entering Lei Jun’s building
Recently, it was reported that Gree has registered a wholly-owned subsidiary, Zhuhai Zero Border Integrated Circuit Co., Ltd. (hereinafter referred to as Zero Border), which is 100% controlled by Gree and Dong Mingzhu serves as chairman.
It is reported that except for its only shareholder, Gree, all the company's executives are from Gree, and their main business is chip design.
A person familiar with the matter revealed: "At present, Gree, a chip company, is exploring professional talents in the semiconductor field."
However, interestingly, a reporter from Securities Daily found that the zero-boundary registration and business address are in the same building as Kingsoft Software, owned by Lei Jun. The building is called Kingsoft Software Building, and it is also the location of Zhuhai Kingsoft Software Company. The "Golden Mountain" also made its fortune in Zhuhai. (Securities Daily)
7. Didi's murdered girl was forced to transfer money to the driver, and Didi's 500 billion listing plan may be affected
The girl killed by Didi was forced to transfer more than 9,000 yuan to the driver. The signal on the mountain was poor and he returned to the foot of the mountain. This incident may have a significant impact on Didi! Didi Chuxing can rank among the top three in China. In addition to Ant Financial, which has a valuation of US$150 billion, only Didi Chuxing and Meituan have the highest valuations, and they can all have more than US$60 billion. Xiaomi, with a similar valuation, has been listed in Hong Kong. Didi's two "murder cases" have aroused social attention, especially this latest time, which exposed more problems with Didi's "hitchhiking", which will have a significant impact on its 500 billion listing plan. (China Fund News)
8. Shared bicycle orders shrink, suppliers' interim report net profit decline
Affected by the reduction in shared bicycle orders, the net profit of shared bicycle suppliers such as listed companies such as Shanghai Phoenix, Xinlong Health, and Zhonglu Co., Ltd. in the 2018 semi-annual report declined. Industry insiders believe that due to the stricter supervision of the shared bicycle industry and the slow growth of users, shared bicycles have entered the existing competitive market, and suppliers need to innovate their business and explore the aftermarket business model of repairing and recycling shared bicycles. (China Securities Journal)
9. Gaode suspends hitchhiking business, Didi hitchhiking can still be used normally
On August 26, Didi announced that it will launch its hitchhiking business nationwide from 0:00 on August 27. Subsequently, Gaode Map announced that it would temporarily remove the hitchhiking business. Gaode said that for safety reasons, Gaode Map has temporarily offline hitchhiking business. As a company that mainly focuses on hitchhiking business, Didi Chuxing said it is not convenient to accept interviews at present. It is reported that Didi Travel hitchhiking business is currently as usual. (Beijing News)
Cross-border e-commerce
10. Japanese retailer Yokado Ito will launch e-commerce cross-border shopping business
Japanese retailer Yokado Ito's cross-border e-commerce shopping business will be officially launched on August 28. Previously, Ito Yokado's WeChat Mall was launched in January this year and officially launched the 020 home delivery business in July. It is understood that Ito cross-border e-commerce mainly sells Japanese products, including beauty and skin care, health products, daily life, maternal and child products, etc. Product sources include bonded area shipping and Japanese direct mail. (Beijing Business Daily)
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