#Laogao E-commerce Newsletter# [March 4 E-commerce Morning News]

　　#Laogao E-commerce Newsletter# [March 4 E-commerce Morning News] JD.com's market value returns to US$40 billion; WeChat responds to the engine mistakenly; Qualcomm President Amon: No one wants to wait until the end of 2020 to have 5G, and 2019 is the first year of "real 5G"; CR Vanguard hypermarket withdraws from Beijing, Wumart takes the opportunity to expand its territory; ofo responds to push the discount mall: users have the right to choose and are expanding their categories...

　　E-commerce newsletter

　　1. JD.com's market value returns to US$40 billion

　　According to the afternoon of March 2, affected by the recent fourth quarter and full-year performance of 2018, JD.com's total market value returned to US$40 billion, reaching US$41.566 billion. According to the financial report released by JD.com on February 28, the net income in the fourth quarter of 2018 reached RMB 134.8 billion, higher than the market expectations of RMB 132.47 billion, and the net income in 2018 was RMB 462 billion, with the annual GMV (website transaction amount) of nearly RMB 1.7 trillion, a year-on-year increase of 30%. In addition, JD.com's overall gross profit margin has also increased to 14.2%, compared with 13% in the same period last year. (E-commerce News)

　　2. Qualcomm President Amon: No one wants to wait until the end of 2020 to have 5G, and 2019 is the first year of "real 5G"

　　At the 2019 Mobile World Congress (MWC), Qualcomm President Cristiano Amon said: "It's too late to start 2020. No one wants to wait until the end of 2020 to have 5G. 2019 is the real 5G year." Amon said that the early progress of 5G construction is much faster than 4G. He pointed out that in the first year of 4G construction, only four telecom operators built 4G networks; and in the first year of 5G, more than 20 operators announced that they were deploying 5G networks. (First Financial Daily)

　　3. WeChat response engine error

　　Regarding the problem of WeChat translation being exposed by netizens that there was a mistake in translation, Tencent WeChat team responded on the official Weibo on the afternoon of March 3, saying that because the translation engine was mistakenly translated when translating some informal English words that had not been trained, some sentence translation problems occurred, and it is currently under emergency repair. (Sina Weibo)

　　4. China Resources Vanguard Exits Beijing, Wumart takes the opportunity to expand its territory

　　According to reports on March 4, China Resources Vanguard's hypermarket business in Beijing, Shandong and other places is withdrawing from the market, and the buyers are Wumart and Jiajiayue. Although both parties have not issued a statement on this, some CR Vanguard stores in Beijing have turned into Wumart supermarkets and reopened. (Beijing Business Daily)

　　5. ofo responds to the promotion of discount mall: users have the right to choose independently and are expanding their categories

　　In response to the news that the discount mall will be launched, ofo responded to 36Kr that users have the right to choose independently, and the mall is still in the testing stage and is working hard to expand the product variety. Mall is a new choice given to users by ofo. Ofo will not give up exploring all the possibilities of exploring all the bicycle sharing industry. (36Kr)

　　Internet Information

　　6. Baidu Chairman Robin Li: AI legislation should not be too advanced. Baidu already has 50 autonomous driving test car licenses.

　　On March 4, Baidu Chairman Robin Li said in an interview recently that "This year's proposals for artificial intelligence are mainly in the implementation and application of the industry, such as smart transportation and other related issues." Robin Li also said that the relevant legislation on AI itself should not be too advanced. "Many times, new things have just appeared. Let it run for a while and then summarize the experience, find the rules and then come to legislation." He also said that by March 3, Baidu had obtained about 50 autonomous driving test car licenses. (E-commerce News)

　　7. Dong Mingzhu, Chairman of Gree Electric Appliances: Adhere to diversified routes, new energy vehicles open up a platform for Gree

　　According to reports on March 4, Gree Electric Appliances Chairman Dong Mingzhu recently said in an interview that Gree will continue to adhere to its diversified route in the future. In addition, she also said, "Through the new energy vehicle business, Gree has opened up the platform. After its cooperation with Yinlong, more automobile companies have come to Gree to cooperate. Gree now has more than 100 intelligent equipment, and it still needs to create profits." Dong Mingzhu revealed: "In the next two or three years, Gree will increase the layout of various equipment, robots, etc. in various fields, invest funds and technology, and establish a strong support backend." (E-commerce Daily)

　　8. TikTok launches a new youth mode: Only select short videos can be viewed

　　Recently, Douyin has officially upgraded its youth mode. Under the brand new youth mode, users will be able to browse short videos selected by the Douyin youth content team on the recommended homepage, including interesting and useful content in education, knowledge, painting, photography, etc.; at the same time, the search discovery portal in the normal version will be closed. (NetEase Technology)

　　9. Tesla significantly reduces the salary of retail employees, employees suspect that it is forcing them to resign rather than fire

　　According to foreign media reports, Tesla has stopped issuing all bonuses to its retail employees, which has led to a sharp drop in overall salaries for many retail employees. Tesla is transforming to online sales, and the company will cancel all commissions for retail employees, although they still appear to be responsible for selling cars during the transition period. Some Tesla employees suspect the move appears to be to force them to resign themselves rather than fire them. The company declined to comment. (Tencent Technology)

　　Cross-border e-commerce

　　10. eBay compromises with radical shareholders announces that it will evaluate assets to sell

　　According to the latest news from foreign media, eBay is about to usher in another major business restructuring opportunity, and some important businesses will be transferred. According to foreign media reports, the e-commerce company recently said that it will initiate a strategic review process of its assets after facing pressure from aggressive shareholders to divest or sell them, including ticketing sales website StubHub and classified information business group. (Tencent Technology)

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