#Laogao E-commerce Newsletter# [October 31 E-commerce Morning Newsletter]

　　#Laogao E-commerce Newsletter# [October 31 E-commerce Morning News Brief] Jack Ma published a 2018 letter to shareholders: Helping small and medium-sized enterprises around the world to cope with adversity; Zhang Yong published a 2018 shareholder letter: Alibaba’s ultimate goal is to sell from the world to the world; Alibaba recalls Jin Yong: He once wrote to Jack Ma on Taobao: "Bao can’t be Taobao, but letters cannot be abandoned; JD Logistics and Xinning Logistics reached strategic cooperation; Yuhang Market Supervision Bureau joined hands with Alibaba to start a live broadcast online...

　　E-commerce newsletter

　　1. Jack Ma published a 2018 letter to shareholders: Helping small and medium-sized enterprises around the world cope with adversity

　　Last night, Alibaba Group Chairman Jack Ma issued an open letter to shareholders saying: When business is difficult, it is time for Alibaba to fulfill its mission of "making business that is difficult to do in the world." Alibaba has experienced such global twists and turns for the third time in 19 years. It has created new opportunities in the first two times. This time, Alibaba will still use new technologies, new manufacturing and new globalization to create new value and opportunities for small and medium-sized enterprises. It is reported that this is the last time Jack Ma wrote to shareholders as chairman of the board of directors. (36Kr)

　　2. Zhang Yong published a 2018 shareholder letter: Alibaba’s ultimate goal is to sell from the world to the world

　　On the evening of October 30, after Alibaba announced the "Inheritance Plan", Alibaba Group CEO Zhang Yong issued an open letter to shareholders for the first time. Zhang Yong said that Alibaba has been planning its future in innovation and creation. The ultimate goal is not to sell from China to the world, but to sell from the world to the world, and to create a truly globalized platform. Alibaba is also making full arrangements and preparations for the upcoming Internet of Things era, constantly bringing profound changes to the business process and lifestyle. (36Kr)

　　3. JD Logistics and Xinning Logistics reach strategic cooperation

　　On October 30, JD Logistics and Jiangsu Xinning Modern Logistics Co., Ltd. signed a strategic cooperation agreement. Based on the principle of complementary advantages and common development, the two sides will give full play to their respective advantages and carry out all-round and in-depth cooperation in many fields such as integrated supply chain solutions, logistics technology, urban intelligent logistics, cross-border e-commerce, etc., and seek a win-win development at a higher level of intelligent logistics industry chain and service chain. (36Kr)

　　4. Yuhang Market Supervision Bureau joins hands with Alibaba to launch online live broadcasts

　　On October 30, the Yuhang District Market Supervision Administration of Hangzhou City joined hands with Alibaba to launch an online live broadcast + Q&A legal publicity activity on Qianniu Toutiao, an information platform covering 9 million merchants. It promotes complaints and reports that merchants may encounter during their business operations, builds a bridge between market supervision departments and merchants, reminds merchants to conduct self-inspection, assume their own responsibilities, and be brave to say no to malicious acts such as extortion and unreasonable demands, so as to jointly create a better business environment. According to a set of data statistics from the Yuhang Market Supervision Bureau, from January to September this year, among the hot products complained about Internet shopping, clothing, shoes and hats accounted for the highest proportion, reaching 18.69%, followed by household goods, accounting for 11.27%, and food ranked third, accounting for 9.33%. Among the hot products reported, clothing, shoes and hats still ranked first, accounting for 35.17%, and food and household goods ranked interchangeably, accounting for 17.29% and 11.71% respectively. (Europe)

　　Internet news

　　5. Xiaomi Taiwan General Manager: Xiaomi has become the number one online hot search brand this year

　　According to media reports in Taiwan, Taiwan, Li Jiafeng, general manager of Xiaomi, said today that Xiaomi has become the number one hot search brand on the Internet this year, and is 18 times more popular than Taiwan’s eight mobile phone brands. In the future, it will display stores more seriously and strive to introduce different categories of products to bring you a newer and cooler new retail experience. (Sina Technology)

　　6. Meituan Dianping announced organizational upgrade: with "eating" as the core, deepening platform capabilities

　　On October 30, Meituan Dianping announced a new round of organizational upgrades through an internal letter. The company will focus on Food+Platform strategically, and with "eat" as the core, it will form a user platform, as well as two major business groups in store and home. On the new business side, Kuailu Business Department and Xiaoxiang Business Department will continue to carry out business exploration and establish an LBS platform at the same time. It is reported that this is also the first structural adjustment made by the company after its listing. (36Kr)

　　7. Alibaba recalls Jin Yong: He once wrote an inscription to Jack Ma on Taobao: "Bao is not Taobao, and you cannot abandon your trust.

　　On October 30, martial arts master Jin Yong died of illness in Hong Kong at the age of 94. Alibaba, whose corporate culture is deeply influenced by Jin Yong's martial arts novels, posted a message to mourn Jin Yong through its official Weibo: "The world is still there, I will lose my love forever..."

　　That night, Taobao's official Weibo posts full of memories: In 2004, Jin Yong visited Taobao's office, and Alibaba's "Eighteen Arhats" such as Jack Ma, Peng Lei, Jin Jianxing asked Jin Yong to write an inscription. Jin Yong wrote: "It is better not to buy treasures, never to abandon integrity. If treasures are not bought, no faith cannot be abandoned." (Titanium Media)

　　8. Baidu's third-quarter revenue increased by 28.2 billion yuan in net profit by 56% year-on-year

　　According to the early morning of October 31, Beijing time, Baidu released its unaudited financial report for the third quarter of fiscal year 2018 ended September 30 today. According to the report, Baidu's total revenue in the third quarter was RMB 28.2 billion (approximately US$4.11 billion), an increase of 27% over the same period last year; its net profit in the third quarter was RMB 12.4 billion (approximately US$1.8 billion), an increase of 56% over the same period last year. (Europe)

　　9. Facebook released its third-quarter financial report: Net profit increased by 9% year-on-year

　　According to October 31, Facebook released its unaudited financial report for the third quarter of fiscal year 2018 ended September 30 today. The report shows that Facebook's third-quarter revenue was US$13.727 billion, a 33% increase from US$10.328 billion in the same period last year; net profit was US$5.137 billion, a 9% increase from US$4.707 billion in the same period last year. (E-commerce News)

　　Cross-border e-commerce

　　10. Amazon's market value once approached $1 trillion, but now lags behind Microsoft

　　Amazon was once the second largest market capitalization company after Apple. Its market capitalization briefly approached the $1 trillion mark in early September, but since the company released its financial report last week, its market capitalization has plummeted, and has evaporated by nearly 120 billion in just two trading days. The sluggish trend of the technology sector in October has previously caused Amazon's market value, which is only one step away from the trillion dollar, to pull back, and put Amazon's market value behind Microsoft. (Wall Street Journal Chinese website)

 Click to register to apply to join the well-known domestic e-commerce network - Laogao E-commerce Club. Any merchants from all over the country, Tmall merchants, Taobao Crown Store, Jinguan Store, and other e-commerce platform merchants can apply to join!

,