#Laogao E-commerce Newsletter# [E-commerce Morning News on August 31]

E-commerce newsletter:

1. Pinduoduo releases its first financial report after its listing

The first financial report after its listing released by Pinduoduo shows that in the second quarter of 2018, revenue was 2.709 billion yuan, a year-on-year increase of 2489%. According to non-US general accounting standards, the operating loss was 816 million yuan. The average monthly active users in Q2 2018 was 195 million, an increase of 495% year-on-year. The average annual consumption of active buyers was RMB 762.8, a year-on-year increase of 98%. In the first 12 months ended June 30, 2018, the platform's GMV was 262.1 billion yuan, a year-on-year increase of 583%. (36Kr)

2. Taobao has undergone major revisions on the first screen. All the following contents are information flows.

According to the news on August 31, it was found from the Taobao app that Taobao mobile phones have been revised and updated. After the revision, all the content below the homepage of Taobao mobile homepage is changed to information flow. It is worth noting that the revised Taobao mobile phone placed all the small modules of recommended goods in the form of labels in the "Channel Square" of my channel. In addition to the five channels presented on the homepage, including "brand flash sale", "daily special offer", "salty fish", "home with cute kids" and "Jiyoujia", there are also 18 channels including "home with cute kids" and "Jiyoujia". All pages below "All" form a waterfall flow of information for the product. (Yibang Power)

3. Latest revisions to the draft E-commerce Law: Improve the liability clauses for review and security guarantee of e-commerce platforms

It was learned from the Fifth Meeting of the Standing Committee of the 13th National People's Congress that the National People's Congress Constitution and Law Committee recommended further improvement of the relevant provisions of the draft E-commerce Law on the review and security guarantee responsibilities of e-commerce platforms. After research, the Constitution and Law Committee recommended that the "bearing corresponding supplementary responsibilities in accordance with the law" in Article 37, paragraph 2 of the fourth draft review draft be modified to "bearing corresponding responsibilities in accordance with the law". At the same time, based on the opinions of some members of the Standing Committee, it is recommended to add an administrative penalty provision. (Xinhua News Agency)

4. JD Finance Chen Shengqiang: It is easy to find cooperation opportunities when integrating financial institutions and technology companies

Recently, at the Guangdong-Hong Kong-Macao Greater Bay Area Financial Summit Forum, JD Finance CEO Chen Shengqiang said that traditional finances such as banks have the advantages of outlets, licenses and financial business experience, and digital technology companies have the advantages of technology, scenarios, and young users. From the perspective of medium- and long-term trends, it is easy for both parties to find opportunities for cooperation. Integration is the general trend and a development path. Both parties can reduce costs, improve efficiency, and improve user experience through digital technology. (36Kr)

5. The online rumor is that students from Hupan University responded to cheer for Didi Liu Qing: Not responsible for teaching Chinese

Students on Lakeside: In response to the distortion and hype of some media people, their concerns towards our classmates are understood as lack of compassion, and even encouragement for Didi to make mistakes, the solemn response is as follows: 1. We are not responsible for teaching Chinese. Your mother told you not to urinate or defecate anywhere. The sentence, expression and rhetoric are definitely different from what your sister said to you. 2. We are not responsible for teaching logic. If you say that feeling sorry for Liu Qing means supporting Liu Qing to do bad things, then the word feeling sorry must be erased from the dictionary. (Top news)

Internet information:

6. Suning.com's net profit in the first half of the year is RMB 6 billion

On the evening of August 30, Suning.com's net profit in the first half of the year was RMB 6 billion, an increase of 1959.41% year-on-year; revenue was RMB 110.7 billion, an increase of 32.16% year-on-year. Without considering the profit impact of the sale of Alibaba shares, the company achieved a net profit attributable to shareholders of listed companies of approximately RMB 402 million, a year-on-year increase of 37.95%. (E-commerce News)

7. Bullet SMS: Safety hazards have been fixed

Some media reported that "when a stranger adds a friend to the Bullet SMS, he can see the other party's mobile phone number, which poses a security risk of information leakage." Bullet SMS issued a statement saying that since the Bullet SMS was officially launched on August 20, due to omissions in the web interface design, there have been problems with the inscription mobile phone number and self-adding ID on the web side. After discovering it on the evening of the 21st, the web service was immediately stopped. After the problem was solved, it was re-launched on the 23rd. (36Kr)

8. Alibaba CEO Zhang Yong: Congratulations to Yintai paid members for breaking the 1 million mark

On the evening of August 30, Alibaba CEO Zhang Yong issued an internal letter revealing that Intime’s digital paid membership - INTIME365, broke the 1 million mark. Zhang Yong revealed that Intime New Retail will focus on two tasks: digitalization of shopping guides and achieving full-process perspective of the brand. It is reported that Intime has started the pace of new retail sales of shopping guides in June this year, and set June 18 as the exclusive "Intime Baby Day" for shopping guides. (Lianshang.com)

9. Today's Wukong Q&A under Toutiao was incorporated into Weitoutiao

Exclusively learned from multiple independent sources that in early July this year, Wukong Q&A, a product under Toutiao, was incorporated into Weitou, and more than 100 Wukong Q&A team have been transferred. One of the sources further revealed that in 2016, Toutiao established a UGC career line, among which Weitoutiao and Wukong Q&A and Wukong Q&A belong to this career line. It was also in early July that Wang Yibo, the former head of Weitoutiao, had resigned, and Lu Fang, the current head of Wukong Q&A, reported to the UGC boss. Another source said that Wukong’s Q&A will no longer focus on development. (interface)

Cross-border e-commerce

10. Amazon Japan officially participates in QR code settlement business

According to Kyodo News, Amazon Japan has officially participated in non-cash settlement business and can use a smartphone QR code to complete payments in retail stores, etc. After binding a credit card on Amazon Shopping App (APP), you can use it without special procedures. Amazon’s feature is that it can display QR codes through the existing mobile shopping app, without re-entering personal information, etc., and the threshold for use is low. (Global Network)

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