#Laogao E-commerce Newsletter# [November 21 E-commerce Morning Newsletter]

　　#Laogao E-commerce News# [November 21 E-commerce Morning News Brief] Pinduoduo released its third quarter financial report: revenue of 3.372 billion yuan increased by 697% year-on-year; report: China will continue to maintain its position as the world's largest e-commerce market; Pinduoduo Huang Zheng responded to the "profile brand problem": copycat brands have been cleaned up; 7-11 convenience stores have opened 67,167 stores worldwide in mainland China 2,783; large-scale shipments of 5G equipment have begun, and Huawei has shipped 10,000 5G base stations...

　　E-commerce newsletter

　　1. Pinduoduo released its third-quarter financial report: revenue of 3.372 billion yuan increased by 697% year-on-year

　　According to news on November 20, Pinduoduo released its third-quarter financial report. The report shows that Pinduoduo's third-quarter revenue was 3.372 billion yuan, a year-on-year increase of 697%; net losses under non-GAAP increased by 184% year-on-year to 619 million yuan. (Phoenix Technology)

　　2. Report: China will continue to maintain its position as the world's largest e-commerce market

　　According to the news on November 20, the "2018 Global Payment Report" released by payment service provider Worldpay shows that by 2022, China's mobile commerce market will achieve leapfrog development, and many countries are also following the global trend of mobile commerce. Worldpay found that the largest e-commerce markets in the next four years are China, the United States and the United Kingdom. The report recommends that if Chinese merchants want to expand their international business, they should consider entering the e-commerce market with the fastest CAGR, such as India and other countries. (E-commerce News)

　　3. 7-11 Convenience Stores open 67,167 convenience stores worldwide, 2,783 in mainland China

　　On November 20, 7-11 released the latest data as of September 30, 2018 on its official website. The data showed that 7-11 convenience stores opened 67,167 stores worldwide, including 20,600 local Japanese, 2,783 local Chinese, and 5,322 local Chinese, China and Taiwan. (Yibang Power Network)

　　4. Pinduoduo Huang Zheng responded to the "problem of famous brands": the copycat brands have been completely cleaned

　　Recently, on the earnings conference call, Huang Zheng, founder and CEO of Pinduoduo, responded positively to the question of some merchants browsing famous brands: After going public, Pinduoduo has been called by the media and the public to have more than 50 brands involved in copycat and browsing famous brands. A careful investigation found that more than 20 of them have never appeared on the platform. The platform has completed the cleaning of the remaining 30 products involving fake goods and famous brands. (36Kr)

　　5. Century Internet's net loss in the third quarter of 2018 was 27.9 million yuan narrowed significantly year-on-year

　　According to November 21, Century Internet (Nasdaq: VNET) released its unaudited financial report for the third quarter of fiscal year 2018 ended September 30 today. The report shows that Century Internet's net revenue in the third quarter was RMB 870.1 million (approximately US$126.7 million), an increase of 14.6% compared with RMB 759.3 million in the same period last year; the net loss was RMB 27.9 million (approximately US$4.1 million), a sharp narrowing compared with the net loss of RMB 1.479.1 billion in the same period last year. (E-commerce News)

　　Internet news

　　6. Toutiao wants to create 10 content projects with valuation of over 100 million yuan. Investors: Content entrepreneurship will usher in a wave of listing in 2021

　　Cai Linghe, head of Toutiao Creative Space, announced at the Toutiao Vision Conference that it will establish a Space Alumni Association for content entrepreneurs. For potential content entrepreneurship alumni projects, Toutiao Creative Space will jointly provide all-round creative and commercial resources with ByteDance products to create 10 projects with valuation of over 100 million yuan from 0. Fan Weifeng of Gaozhang Capital predicted: "Starting from 2021, more and more new media companies will be listed independently." (Economic Observation Network)

　　7. Luo Yonghao responded to the arrears of Coolpai funds: personnel changes caused delays, and is negotiating to resolve the issue

　　Luo Yonghao responded on Weibo to the arrears of Coolpad's payment: "We do have a contractual relationship with Yulong, and the two parties also had an agreement to deduct part of the payment through joint promotion and publicity. However, due to the resignation of several Yulong's responsible persons at that time, and the personnel changes of the Ministry of Justice of the Smartisan Technology during the period, this matter was delayed (this is our responsibility). We are negotiating with Yulong to resolve the matter and will handle it properly, which makes everyone very worried. I am very sorry." On the evening of the 20th, Yicai reported that Coolpad recently sued the Smartisan Technology for the default of the purchase price, which involved four to five million. (Titanium Media)

　　8. Large-scale shipment of 5G equipment has begun, and Huawei has shipped 10,000 5G base stations

　　华为轮值董事长胡厚崑近日在“全球移动宽带论坛”上发言称，全球66个国家共154个运营商正在进行5G测试，5G设备的大规模出货已经开始了，“华为已经出货1万个5G基站，主要提供给欧洲、中东等市场。”（澎湃）

　　9. Lianjia employee used customer information to apply for a Beijing residence permit, and was sentenced to compensation of 100,000 yuan in the first instance.

　　On November 20, the Chaoyang District Court of Beijing publicly pronounced a civil infringement of personal information. The defendant Beijing Lianjia Real Estate Brokerage Co., Ltd. and two former employees were found to constitute civil infringement in the first instance for illegally using customer personal information. The court sentenced him to compensate for economic losses of 100,000 yuan. Chaoyang Court suggested that the Beijing Municipal Housing and Urban-Rural Development Commission take measures to regulate the service behavior of real estate agencies and include the security protection of personal information by real estate agencies in the industry credit evaluation system. (Caixin)

　　Cross-border e-commerce

　　10. Amazon wants to bid for 22 Disney sports networks, or scare traditional American media companies

　　According to foreign media reports, people familiar with the matter said that Amazon has made its first round of bids on Disney's 22 regional sports networks. Disney was forced to divest the 22 networks as a condition for its $71.3 billion acquisition of Fox Entertainment's assets. These include YES Network, which plays New York Yankees games, and other networks that play various professional league regional games. Amazon's acquisition of sports networks may scare traditional media companies because traditional media must have live streaming content to survive. (Tencent Technology)

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