#Laogao E-commerce Newsletter# [October 19 E-commerce Morning Newsletter]

　　#Laogao E-commerce Newsletter# [October 19 E-commerce Morning News Brief] The scale of fresh food e-commerce transactions exceeded 100 million in the first half of the year; JD.com will launch a US flagship online store on Google platform this year; logistics business revenue in September was 8.156 billion yuan increased by 25% year-on-year; Harrow's founding team's equity was pledged to Ant Financial; Alipay: Hong Kong can also scan the code to ride a car, and 600 minibuses will be supported soon...

　　E-commerce newsletter

　　1. The scale of fresh food e-commerce transactions exceeded 100 million in the first half of the year

　　On October 18, the China Business Industry Research Institute recently released a report showing that in the first half of 2018, the scale of fresh food e-commerce transactions was 105.16 billion yuan, exceeding 100 billion yuan for the first time, an increase of 23.5% year-on-year from 85.14 billion yuan in the first half of 2017. According to market analysis, fresh food is deeply loved by young consumers, and the fresh food market is ushering in vigorous development. It is estimated that the size of China's fresh food e-commerce market will reach more than 200 billion yuan in 2018, but with the intensification of market competition, the fresh food industry will usher in a reshuffle. (E-commerce News)

　　2. JD.com will launch US flagship online store on Google platform this year

　　JD.com will launch a flagship online store on Google's shopping platform by the end of the year, selling directly to American consumers. This platform is Google's latest move to expand into e-commerce and earn more advertising revenue. This move is Google's first move since spending $550 million to buy JD shares earlier this year, and will eventually launch online stores around the world. Bao Yan, director of JD Logistics Strategy, said that when Google Shopping is launched, JD will have a flagship store and Google will process payments and orders. (Bloomberg)

　　3. Cai Yudong: E-commerce is creating a new business landscape

　　On October 19, at the China (Sichuan) E-commerce Development Summit, Cai Yudong, deputy director of the Department of E-commerce and Information Technology of the Ministry of Commerce, introduced that China's e-commerce scale has grown rapidly in recent years. From 2013 to 2017, the average annual growth rate of China's e-commerce transaction volume was close to 30%, of which the online retail transaction volume has ranked first in the global online retail market for five consecutive years. "E-commerce has reconstructed a new business ecosystem, created a new business pattern, and has also profoundly influenced and changed people's lifestyles," said Cai Yudong. (36Kr)

　　April, September logistics business revenue increased by 8.156 billion yuan year-on-year

　　On the evening of October 18, SF Holdings released a briefing on the express delivery service business in September. The logistics business revenue in September was 8.156 billion yuan, a year-on-year increase of 25%; the business volume was 335 million tickets, a year-on-year increase of 24.54%; the single ticket revenue was 24.35 yuan, a year-on-year increase of 0.33%.

　　Internet news

　　5. Harrow's founding team's equity pledge to Ant Financial

　　Hello Travel is still looking for financing, or refinancing it from its major shareholder Ant Financial. According to Tianyancha Industrial and Commercial Information Platform, four co-founding teams including Hello Travel CEO Yang Lei and Executive President Li Kaizhu pledged part of their shares in Jiangsu Yong'anxing Low Carbon Technology Co., Ltd. (Hello Travel's main company) to Shanghai Yunxin Venture Capital Co., Ltd., and the legal representative of the company is Jing Xiandong, CEO and Chairman of Ant Financial. The number of pledged shares is 9.62 million, with a total of 8.52% of the pledged shares. The specific pledge amount is unknown. (Beijing News)

　　6. Starbucks special star delivery will be located in nine cities including Guangzhou and Shenzhen.

　　According to October 18, Starbucks announced today that Beijing and Shanghai have basically completed the entire city coverage of the exclusive star delivery store. On October 22, the exclusive star delivery will officially enter nine cities including Guangzhou and Shenzhen. Not only that, Starbucks' "Delivery Star Chef" also launched trial operations in Shanghai and Hangzhou today. With Hema's delivery commitment to "fast 30-minute delivery", the "Delivery Star Chef" can cover the delivery scope of the "Hema three-kilometer living area". (E-commerce News)

　　7. Today's Toutiao Creators Conference will be renamed as the Vitality Conference

　　On October 19, Toutiao officially announced that the annual "Creator Conference" was renamed "Vision Conference", which is scheduled to be held at the Minsheng Modern Art Museum and the Film Director Center in Beijing from November 17 to 18. It is understood that this year is the 4th conference. At the previous three conferences, Toutiao launched a series of high-quality content support plans such as a plan of 100 million yuan for people, a plan of 1 billion yuan for short videos, and a series of support plans for 100 million yuan for fans. (E-commerce News)

　　8. Alipay: You can also scan the code to take a bus in Hong Kong, and 600 minibuses will be supported soon

　　According to news on October 18, Alipay announced today that it can also scan the code to take a bus in Hong Kong. In the future, mainland tourists who go to Hong Kong will also be able to scan Alipay to take a bus.

　　"Alipay" AlipayHK was the first to release EasyGO technology based on local e-wallets in Hong Kong, so passengers can easily and quickly pay their fares without a wallet.

　　At the same time, AlipayHK also reached a cooperation with two largest minibus operators in Hong Kong, Jinzhi and Guanrong. 600 green minibuses will soon be the first to launch the "smart bus" in Hong Kong. (Quick Technology)

　　Cross-border e-commerce

　　9. Walmart's expected growth slows in the new fiscal year is expected to spend $11 billion

　　According to reports on October 19, Walmart predicted at its annual shareholders' meeting on Tuesday that compared with the ongoing fiscal year 2019, Walmart will slow down in operating income, e-commerce business, and U.S. same-store revenue growth in fiscal year 2020. The company's CEO Doug McMillon said that in order to compete with e-trade platforms such as Amazon, the company will make some new investments that may lead to losses. Walmart is expected to spend $11 billion in the next fiscal year and plans to open more than 300 new stores in Mexico, Central America and China. (E-commerce News)

　　10. NetEase Koala Lashu Maersk directly purchases its international capacity

　　On October 18, Maersk Group announced that it had officially signed a global transportation and logistics strategic cooperation agreement with NetEase Koala.

　　It is understood that the agreement is 3 years. During the strategic cooperation period, Maersk will provide NetEase Koala with logistics services that can radiate the world to improve the transportation timeliness and controllability of its overseas cross-border logistics.

　　Compared with the previous cross-border e-commerce industry indirectly purchasing the shipping company's capacity through other logistics providers, one of the highlights of the cooperation between the two parties is the direct procurement of transportation capacity and the cooperation on the information system of both parties. (Yibang Power Network)

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