#Laogao E-commerce Newsletter# [November 20 E-commerce Morning News]

　　#Laogao E-commerce Newsletter# [November 20 E-commerce Morning News] Tmall: This year's Double 11 return rate is only 6%, far below the industry average; JD.com released its third-quarter financial report: net profit was 3 billion yuan and 200% year-on-year; Tmall International Black Friday's coming activities rules and gameplay are here; express delivery companies' data in October are released, and Shentong Yunda's business volume growth rate is leading; Ma Huateng: Tencent is favored by fate to get to this day, and the first thing to do is to attribute to this era...

　　E-commerce newsletter

　　1. Tmall: This year's Double 11 return rate is only 6%, far below the industry average

　　On November 19, in response to many rumors about the return rate of Tmall Double 11, the Tmall Double 11 Organizing Committee issued an announcement on Weibo tonight stating that as of November 18, the return rate of Tmall Double 11 Carnival was only 0.06, far lower than the industry average. The Tmall Organizing Committee also stated that it has submitted the relevant physical evidence of the return rate rumors to judicial authorities and reported it to relevant state departments. (E-commerce News)

　　2. JD.com released its third-quarter financial report: Net profit was 3 billion yuan and increased by 200% year-on-year

　　On November 19, JD.com released its third-quarter financial report for 2018. The financial report showed that JD.com's net revenue in the third quarter was RMB 104.8 billion (approximately US$15.3 billion), a year-on-year increase of 25.1%; net profit from the continued operation business attributable to common shareholders was RMB 3 billion (approximately US$400 million), an increase of 200% from RMB 1 billion in the same period last year. (Sohu.com)

　　3. The rules and gameplay of Tmall International Black Friday are here

　　According to November 19, from today to November 26, "Black Friday" with the theme of "Black Friday" with Tmall International as its theme has also kicked off. At present, you can see related icons and access links about "Black Friday" in the main interface of Tmall International. Enter the "Black Friday International Official Direct Sales Venue" and you can directly receive the shopping vouchers you want, and there is a relevant "Shopping Voucher Rules" entrance. (Yibang Power News)

　　4. Liu Qiangdong: JD.com's R&D investment increased by 88% year-on-year in the first nine months, and its net profit margin will be better next year than this year.

　　Liu Qiangdong, Chairman and CEO of JD.com, said in the financial report conference call: "In the first nine months, our R&D investment increased by 88% year-on-year, which does not include JD.com Digital's R&D investment. This is mainly because the group has added many R&D projects. After more than a year of research, we have seen many projects very clearly, so we will also sort out these projects. At the same time, JD.com Logistics' net profit margin will also improve significantly, and our net profit margin will perform better next year than this year." (Tencent Technology)

　　5. The data of express delivery companies in October was released, and Shentong Yunda's business volume growth rate was ahead

　　Four express delivery companies, Shentong, Yunda, YTO and SF Express, released their main operating data for October. Among them, the business volume growth rate of Shentong and Yunda both exceeded 40%, leading among the four companies. The single-ticket revenue of product tickets for Yunda and YTO declined year-on-year. Overall, several companies that disclosed their operating data achieved double-digit growth in October, and the business completion volume also achieved growth. (Securities Times)

　　Internet news

　　6. Zhu Xiaohu: Investing in Didi is not a subsidy for money, and the number of Didi users doubles in every snow

　　Zhu Xiaohu said, "Many entrepreneurs came to me. He said I also wanted to burn money like Didi and Ele.me, but I told him that when we invested in Didi and Ele.me, we didn't burn money or subsidies." Zhu Xiaohu never had a good impression of the business model of burning money. "There are fake demands when we invested in Didi. For example, when we invested in Didi, it was the winter of 2012. In that winter, there were three snows in Beijing, and the number of Didi users doubled for each snow. This was entirely due to the natural increase in demand, not subsidies." (Lujiazui Magazine)

　　7. Ma Huateng: Tencent has been favored by fate and has come to this day. First of all, it should be attributed to this era.

　　From a small startup company to an Internet company with a user base of over 1 billion. Speaking of Tencent's success, Ma Huateng said, "Tencent is favored by fate to get to this day, first of all, thanks to this era." Ma Huateng said that the core reason why Tencent can get tickets to the mobile Internet is a large number of product technological innovations represented by WeChat. "The key to overcoming difficulties lies in continuous innovation and change." Ma Huateng doesn’t believe in overtaking on the curve, “and appreciate looking up at the stars and being down-to-earth.” (People's Daily)

　　8. Dong Mingzhu: Gree's revenue will reach 600 billion yuan in five years

　　On November 19, the establishment ceremony of Gree Mingzhu Industrial College was held at the Administrative Center of Zhuhai City Vocational and Technical College, and Dong Mingzhu, Chairman and President of Gree Electric Appliances, appeared at the ceremony. In his speech, Dong Mingzhu said that according to the deployment, Gree Electric Appliances' operating income will reach 600 billion yuan by 2023. This requires a large number of management, technical and innovative talents. Data shows that in the first three quarters of this year, Gree Electric achieved operating income of approximately 148.699 billion yuan, a year-on-year increase of 34.11%. (Shanghai Securities News)

　　9. Nissan Chairman was arrested for suspected economic problems

　　Nissan Motor Company Chairman Carlos Ghosn was arrested on the 19th by the Tokyo District Procuratorate's Special Search Department for suspected violation of the Financial Commodity Trading Act on suspicion of underreporting personal income. Along with Ghosn were arrested, Nissan representative director Greg Kelly. Nissan issued a statement on the same day saying that it had been months since the company received the internal notice. The investigation result was that the two people falsified Ghosn's remuneration data recorded in the securities report, and the recorded data was less than the actual remuneration amount. (Xinhua News Agency)

　　Cross-border e-commerce

　　10. Yandex connects to WeChat payment method in Russia

　　On November 19, Russian payment company Yandex announced that it will access WeChat Pay's cross-border business for its partner merchants in Russia. This business is mainly suitable for businesses doing Chinese tourists business in Russia.

　　Yandex's deputy director of sales Anna Kuzmina said that Russia receives nearly 1.5 million Chinese tourists every year. Yandex, as one of the first companies to promote WeChat payments in the Russian market, can provide Chinese tourists with the payment methods they are used to. Russian merchants can also make profits from the increasing customer unit price and sales volume paid by WeChat when receiving Chinese tourists. (Yibang Power News)

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