#Laogao E-commerce Newsletter# [E-commerce Morning News on April 23] JD's stock price fell before the market: a drop of 1.07%; Douyin: Establish a strong bond between brands and users; Yunji logged on Nasdaq on May 3, with an IPO issuance range of US$11-13; Walmart Global CEO: Continue to expand JD's home delivery business in 2019; Futian.com, a subsidiary of Gaoxin Retail, stopped operating...
E-commerce newsletter
1. JD.com's stock price fell before the market: the decline reached 1.07%
According to reports on April 22, JD.com's stock price fell before the opening of today's local time. According to Sina Finance data, as of 16:58 Beijing time, JD.com's pre-market stock price was US$29.69, down US$0.32, a drop of 1.07%. In the previous trading day, JD.com's share price was US$30.01, up 0.54% from the previous trading day. (E-commerce News)
2. TikTok: Establish a strong bond between brand and users
According to April 22, today, Wang Dingqi, the national head of Douyin Marketing, publicly described the ecological layout of Douyin Marketing in 2019. In 2019, Douyin will upgrade from the three aspects of content, interaction and traffic to establish a strong bond between brand and users.
According to the top 10 list of the top 10 popular categories of Douyin good products in March 2019, the top three popular e-commerce categories are clothing, beauty, and daily necessities; the content that is constantly generated and changed on Douyin has given birth to the birth of new social relationships and promoted interaction and connection between users. (Yibang Power Network)
3. Futian.com, a subsidiary of Gaoxin Retail, ceases operation
On April 22, the recent suspension of operations of Futian.com, a subsidiary of Gaoxin Retail, has added another failure case to the physical retail self-operated B2C e-commerce platform. From Feiniu.com to Futian.com, after Gao Xin Retail launched a comprehensive cooperation with Alibaba, it was only a matter of time before the closure of a series of e-commerce platforms it had explored. As one of the domestic retail giants, Gao Xin Retail's shutdown and adjustment of its own e-commerce business may represent the development trend of the entire industry. (Sohu.com)
4. Yunji landed on Nasdaq on May 3, with IPO issuance range of US$11-13
Yunji Weidian updated its IPO prospectus. The prospectus shows that Yunji will land on the Nasdaq Exchange on May 3, with the IPO issue price range of US$11 to US$13, and plans to issue 13.5 million ADSs. (36Kr)
5. Walmart Global CEO: Continue to expand JD Home Delivery Business in 2019
Walmart China CEO Chen Wenyuan said that in 2019, Walmart will continue to expand JD home delivery business, and will also help Dada launch JD home delivery service in areas where JD home delivery has not yet entered; by the end of 2019, 300 Walmart stores across the country will settle in JD home delivery, and the sales of e-commerce business are expected to maintain triple-digit growth. (Tencent Prism)
Internet Information
6. Kuaishou acquires "Shrimp Head" to increase the investment in strangers' social interaction
According to Qichacha data, Kuaishou's parent company Beijing Huayi Huilong Network Technology Co., Ltd. has acquired the picture voting social software "Xiatou App". The actual controller and ultimate beneficiary of the latter are Yang Yuanxi, the legal representative of Kuaishou, whose shareholding ratio is 90%.
According to a survey by Blue Whale TMT reporter, "Xiatou App" is actually a social product incubated by Kuaishou in 2017. It focuses on strangers' social interaction and has a development history of two years. However, after downloading this product and experiencing it, it found that its internal functions are currently relatively single and are still not perfect overall. (Blue Whale TMT)
7. Huawei's Q1 sales revenue was US$26.8 billion, with revenue target of 125.9 billion in 2019
On April 22, Huawei's Q1 2019 data showed that the company's sales revenue was 179.7 billion yuan (equivalent to US$26.8 billion), a year-on-year increase of 39%; the net profit margin was about 8%, a slight increase year-on-year.
In 2019, the global scale of 5G commercial deployment was launched, and Huawei's operator business ushered in historic development opportunities. As of the end of March, Huawei has signed 40 5G commercial contracts with world-leading operators, and more than 70,000 5G base stations have been sent to all parts of the world.
Previously, Huawei's 2018 financial report showed that its total revenue in 2018 was 721.2 billion yuan (approximately US$107 billion), an increase of 19.5% year-on-year, and its net profit was 59.3 billion yuan, an increase of 25.1% year-on-year; R&D expenses were 101.5 billion yuan, accounting for 14.1% of revenue, and R&D expenses in the past decade were 480 billion yuan. (Blue Whale TMT)
8. Ofo pays 35 million yuan in Shanghai Phoenix in three months, and the deposit of a small number of users has been repaid.
ofo owes Shanghai Phoenix more than 80 million yuan, and has paid more than 35 million yuan in three months. In the first quarter of this year, Phoenix Bicycle received a total of 35.7462 million yuan in various payments from Dongxia Datong and its affiliated companies. At the same time, according to media reports, from January to March 2019, some netizens' deposit refunds increased by 720,000 yuan, from 13.92 million to 13.2 million yuan. At this rate, the deposit will have to wait a few more years before they can get it, and users who are anxiously waiting like this have more than 10 million yuan. (Titanium Media)
9. The number of Luckin Coffee stores has reached 2,370, and 90 million cups of coffee were sold last year
According to the prospectus of Luckin Coffee, according to the Frost & Sullivan report, Luckin Coffee has the second largest share in the Chinese market; it has 2,370 self-operated stores, of which small pick-up stores with limited seats account for 91.3% of the total number of stores, while the fourth quarter of 2018 was the fastest period of opening stores, with an increase of 884 stores in three months; the cumulative transaction users exceeded 16.8 million, and the user repurchase rate in 2018 exceeded 54%; the total sales of coffee and other products was 90 million cups. (36Kr)
Cross-border e-commerce
10. Dong Minglun, Global President of Walmart: Only by combining physical stores and e-commerce can it be effective
Doug McMillon, Global President and CEO of Walmart, said, "E-commerce and physical stores should develop together. We found that if you are in a market without physical stores, the pace of e-commerce development will be hindered. Only by combining e-commerce and physical stores is the most effective way. Our understanding of offline stores needs to be upgraded. It is actually a hybrid, not only a shopping place, but also a warehousing and picking place for e-commerce business." (First Financial)
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