#Laogao E-commerce Newsletter# [February 27 E-commerce Morning News]

　　#Laogao E-commerce Newsletter# [February 27 E-commerce Morning News Brief] 2019 Hurun Global Rich List: Jack Ma became the richest Chinese in the world with 260 billion yuan; JD.com’s self-operated smart express cabinets, the first batch has been put into use; Tmall International plans to expand the number of imported goods to one million; Xiaomi announces a new round of organizational structure adjustments: appointing Cui Baoqiu as the group’s vice president; Japanese antitrust department will investigate Amazon: Loyalty program harms sellers...

　　E-commerce newsletter

　　1. The group buying platform delays the public beta time every day

　　On February 26, the social group buying platform of Daily Youxian, Daily Pinpin, issued an announcement stating that due to the enthusiasm of users to participate exceeds the estimate, resulting in insufficient preparation and multiple problems affecting the user experience. Therefore, the public beta was originally scheduled to be launched on February 26, and the specific time has not been determined. For users who placed orders on February 25, Daily Pinpin said that the internal test has ended, all functions of Daily Pinpin APP and mini program were suspended, and orders that have been paid on February 25 will be shipped normally. (E-commerce News)

　　2. JD.com’s self-operated smart express cabinets, the first batch has been put into place

　　According to relevant media reports, JD.com is going to operate its own smart express cabinets. The first batch of express cabinets have been put into place, and it will be vigorously deployed next. (Europe)

　　3. Tmall International plans to expand the number of imported goods to one million

　　On February 26, Tmall International released a plan to expand the capacity of imported goods: expand the number of cross-border goods to more than 1 million in 2019. By then, Tmall International will become the first cross-border e-commerce platform in China with more than one million imported goods. Yiman, general manager of Tmall International Products Department, said, "Based on search and transaction data, we have found that consumers' demand for purchasing imported goods is becoming more and more diverse, especially the younger generation represented by post-95s has become the main force of cross-border consumption, and they are showing a new trend of diversified consumption." (E-commerce News)

　　4. Shentong 2018 Performance Report: Operating income was 17.014 billion yuan

　　According to reports on February 26, Shentong Express released its 2018 annual performance report.

　　According to the express report, in 2018, the company's total operating income was 17.014 billion yuan, an increase of 34.42% over the same period last year; the operating profit was 2.724 billion yuan, an increase of 43.86% over the same period last year; the company's total profit was 2.747 billion yuan, an increase of 38.08% over the same period last year; the net profit attributable to shareholders of listed companies was 2.045 billion yuan, an increase of 37.46% over the same period last year. (Europe)

　　5. JD Xu Lei: JD Retail Sub-Group will transform into a full retail format

　　On February 26, Xu Lei, CEO of JD Retail Sub-Group, said at the Partner Conference of the Consumer Products Division of the 3C Electronics and Consumer Products Retail Group of JD Retail Sub-Group today that in the face of the new environment, after JD Mall upgrades to JD Retail Sub-Group, its business model will usher in huge changes, that is, from open shelves to full retail format. He explained that the full retail format means that consumers can form transactions in any scenario—e-commerce platforms, social media, offline stores, community centers, smart hardware, etc. (E-commerce News)

　　Internet Information

　　6. 2019 Hurun Global Rich List: Jack Ma becomes the richest Chinese in the world with 260 billion yuan

　　According to the 2019 Hurun Global Rich List, 430 rich people fell out of the Hurun Global Rich List, of which 212 failed in China and 52 in India. Jeff Bezos' wealth increased by 215 billion yuan, and he ranked first in the world's richest man with RMB 990 billion. China ranks first in the world with 658 billionaires, 74 more than the 584th place in the United States. Jack Ma became the richest Chinese in the world with 260 billion yuan, rising 4 places to 22nd place, followed by Ma Huateng and Xu Jiayin. (Observer.com)

　　7. Network and Alipay carry out cross-border payment cooperation. From March, Alipay HK can scan codes in the Greater Bay Area.

　　On February 26, NetLink Clearing Co., Ltd. announced that it will officially launch cross-border barcode payment business cooperation with Alipay from March. In March this year, the new offline cross-border payment function of Alipay HK (Alipay Hong Kong Local Wallet) will be officially launched, and transaction funds will be settled through the RMB cross-border payment system. When Alipay Hong Kong wallet users spend in the Greater Bay Area, they can make cross-border payments by scanning the code offline. (interface)

　　8. Xiaomi announces a new round of organizational structure adjustment: appoint Cui Baoqiu as vice president of the group

　　The Organization Department of Xiaomi Group issued an official document today, announcing the latest round of organizational structure adjustments: Cui Baoqiu was appointed as the vice president of the group and the chairman of the group's technical committee, and a total of 14 general managers and deputy general managers were appointed in the core management positions. The former artificial intelligence and cloud platform department was divided into three departments: the Artificial Intelligence Department, the Big Data Department and the Cloud Platform Department. This is Xiaomi's largest organizational structure adjustment since the establishment of the Group Organization Department and General Staff Department in September last year. (36Kr)

　　9. Mogujie's revenue in 2018 reached 367 million yuan and increased by 20.3% year-on-year

　　The report shows that as of December 31, 2018, the total revenue was RMB 367 million (approximately US$53.4 million), an increase of 20.3% from RMB 305 million in the same period last year, and a net loss of RMB 42.2 million (approximately US$6.1 million), a narrowing of 73.0% from RMB 156 million in the same period last year.

　　Mogujie said that the increase in revenue was mainly due to the increase in commission revenue and other revenue, which was offset to a certain extent by the decline in marketing services revenue.

　　Data shows that in the 12 months ended December 31, 2018, the total transaction volume of Mogujie commodity (GMV) was 16.978 billion yuan (approximately US$2.469 billion), a year-on-year increase of 21.5%; the number of active buyers increased to 34.5 million, an increase of 1.8% from 33.9 million in the same period last year. (Yibang Power)

　　Cross-border e-commerce

　　10. Japan's antitrust department will investigate Amazon: Loyalty program harms sellers

　　According to Japanese media reports, the Japan Fair Trade Commission is considering investigating Amazon's Japanese company's user loyalty program to determine whether its policy of requiring third-party sellers to bear the cost of shopping points violates Japan's antitrust laws. Amazon Japan told third-party sellers that it will change its shopping points system in late May, leaving sellers to bear the cost. A source from the Japan Fair Trade Commission said that amending the contract without specifying the direct benefit of the seller could be seen as an abuse of Amazon Japan's market-led advantage. (E-commerce News)

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