#Laogao E-commerce Newsletter# [November 15 E-commerce Morning News]

　　#Laogao E-commerce Newsletter# [November 15 E-commerce Morning News] Tencent's profit surged beyond expectations thanks to online advertising and Meituan investment; ZTO Express's third-quarter revenue increased by 34.7% year-on-year; Meitu Beauty Platform will be stopped operating on the 30th of this month due to business adjustments; WeChat monthly active users of 1.082 billion yuan increased by 1.5% year-on-year; WeChat payment offline average daily commercial payment volume increased by 200%, helping revenue costs increased by 35%...

　　E-commerce newsletter

　　1. Tencent's profits surged beyond expectations thanks to online advertising and Meituan investment

　　Tencent's latest financial report shows that profits exceed all analysts' expectations, as one-time earnings and advertising demand limit the impact of regulators' freeze of new game approvals. Although the company's revenue growth rate in the third quarter fell to its lowest in three years, its profits were boosted by a one-time income of more than 8.7 billion yuan, including the income from investing in Meituan Dianping. RHB Hong Kong-based analyst Yujie Li said that Tencent's performance was not worse than that, but looking at the overall figures in depth, the gaming business is under pressure. (Bloomberg)

　　2. ZTO Express's revenue in the third quarter increased by 34.7% year-on-year

　　According to November 15, ZTO Express released its unaudited financial report for the third quarter of fiscal year 2018 ended September 30 today. According to the report, ZTO Express's revenue in the third quarter was RMB 4.2346 billion (approximately US$616.6 million), an increase of 34.7% from RMB 3.1431 billion in the same period last year; net profit was RMB 1.0594 billion (approximately US$154.2 million), an increase of 47.7% from net profit of RMB 717.2 million in the same period last year. (E-commerce News)

　　3. Meitu Beauty and Makeup Platform will be closed on the 30th of this month due to business adjustments

　　On November 14, Cheng Yu, COO of Meitu Company, issued an internal letter announcing that due to business adjustments, the company decided to stop operating its Meitu Beauty Platform from November 30.

　　According to the announcement of Meitu Beauty Mall, after 24:00 on November 30, the platform's products, stores, and transaction-related functions will be closed. Withdrawals will be stopped after 24:00 on January 15, 2019, and the member club has been dissolved after 21:00 on January 13 of this month. TechWeb)

　　4. Alibaba Health and Alipay Sign a strategic cooperation agreement

　　Alibaba Health issued an announcement stating that the company signed a strategic cooperation agreement with Alipay (China) Network Technology Co., Ltd., a wholly-owned subsidiary of Zhejiang Ant Micro Financial Services Group Co., Ltd. on the 14th, for a period of three years from the date of signing. According to the strategic cooperation agreement, Alibaba Health will exclusively set up an independent medical and health service channel on the Alipay client to fully manage and operate the medical and health industry partners in the channel. (36Kr)

　　Internet news

　　5. NetEase released its third-quarter financial report: Net profit fell by 37% year-on-year

　　According to November 15, NetEase released its unaudited financial report for the third quarter ended September 30, 2018 yesterday. According to the financial report, NetEase's net revenue for the quarter was RMB 16.9 billion (approximately US$2.5 billion), a year-on-year increase of 35.1%; net profit attributable to NetEase shareholders was RMB 1.6 billion (approximately US$232.4 million), a year-on-year decrease of 37%.

　　(E-commerce News)

　　6. WeChat monthly active users increased by 1.082 billion year-on-year

　　On November 14, Tencent released its third quarter report, which showed that the combined monthly active accounts of WeChat and WeChat reached 1.082 billion, an increase of 10.5% over the same period last year. It benefited from the increasing usage scenarios provided by mini programs and WeChat payments, and user participation has grown steadily. In addition, the increased activity of users on WeChat has also benefited from the strong growth in clicks and publications of social short videos, with hundreds of millions of daily publications. (E-commerce News)

　　7. The average daily commercial payment volume of WeChat Pay increases by 200%, helping to increase revenue costs by 35%.

　　Tencent recently released its third quarter 2018 financial report. According to the financial report, Tencent's revenue in the third quarter increased by 24% year-on-year, mainly benefiting from the growth of payment-related services, online advertising, digital content marketing and cloud services. Among them, the average daily transaction volume of WeChat Pay increased by more than 50% year-on-year, of which the average daily transaction volume of offline commercial payment increased by 200% year-on-year. The financial report disclosed that benefiting from the increasing use scenarios provided by mini programs and WeChat payment, WeChat and WeChat monthly active accounts have reached 1.0825 billion, an increase of 10.5% year-on-year. (Titanium Media)

　　8. Tencent disclosed its cloud service revenue for the first time, exceeding 6 billion yuan in the first three quarters

　　On November 14, Tencent announced its third quarter results for 2018. According to the financial report, the total revenue in the third quarter was 80.595 billion yuan, an increase of 24% over the same period last year, mainly benefiting from the growth of payment-related services, online advertising, digital content sales and cloud services.

　　In Q3 financial report, Tencent disclosed its cloud service revenue for the first time. The revenue of "other" businesses composed of payment-related services and cloud services increased by 69% year-on-year and 16% month-on-month. Cloud service revenue has more than doubled year-on-year and double-digit percentage growth month-on-month, "revenues in the first three quarters of this year exceeded RMB 6 billion" (Yue)

　　9. Apple's longest consecutive decline since late April, with its market value evaporated by more than $100 billion

　　According to news on November 15, Apple fell about 2.8% in New York on Wednesday, closing lower for the fifth consecutive day, marking its longest consecutive decline since late April. Apple's cumulative decline in five days was about 11%, erasing about $107 billion in market value. Apple has only risen about 10% this year, while it has risen nearly 40% as of early October. Investors are worried about a decline in iPhone sales after several iPhone parts suppliers unexpectedly lowered their revenue forecasts. (Titanium Media)

　　Cross-border e-commerce

　　10. Google and Amazon will launch a talent battle in New York: Total 39,000 people

　　On November 13, Amazon announced that it would add 25,000 jobs in New York and another 25,000 jobs in Northern Virginia, USA. At the same time, Google's chief financial officer also said at a DLive meeting held by the Wall Street Journal on November 12 that Google plans to add 14,000 jobs in New York in the next 10 years. (NetEase Technology)

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