#Laogao E-commerce Newsletter #E-commerce Morning News on April 30

　　#Laogao E-commerce Newsletter# [E-commerce Morning News on April 30] In the next three years, the scale of Tmall platform service providers will triple; Dingdong Maicai has opened Suzhou, with daily orders exceeding 200,000; Forever 21 confirmed its withdrawal from the Chinese market, and did not disclose the number of layoffs; Suning.com achieved a net profit of 136 million yuan in the first quarter of the year-on-year increase of 22.16%; CITIC Capital completed the acquisition of beauty e-commerce service provider Youke...

　　E-commerce newsletter

　　1. In the next three years, the scale of Tmall platform service providers will double

　　In the next three years, the scale of Tmall platform service providers will double. Tmall announced that the scale of Tmall platform service providers will double in the next three years, helping domestic and foreign brands to create 500 billion yuan in sales. It is revealed that there are currently more than 1,000 service providers on Tmall platform, including 310 star-rated service providers, mostly serving big-name domestic and foreign merchants, and doing the entire store operation of Tmall flagship stores. Data shows that in 2018, the sales of the store operated by service providers increased by 20% higher than the overall growth. (Chuangyebang)

　　2. Dingdong Maicai has opened a city in Suzhou, with daily order volume exceeding 200,000

　　On the evening of April 29, according to Dingdong Maicai's official website, Dingdong Maicai currently has 301 offline service stations (i.e. forward warehouses), serving most communities in Shanghai, Suzhou and Hangzhou, with a daily order volume exceeding 200,000 orders. This means that Dingdong Maicai has opened the city of Suzhou. After entering multiple locations in the delivery address bar of its App, you can find that product information can be displayed at many points in Kunshan, Taicang and other places. Dingdong Maicai is a Shanghai company with a high level of attention. It mainly offers delivery starting from 0 yuan and delivers 29 minutes, and has a densely distributed forward warehouse. (Crowdfunding Home)

　　3. Forever 21 confirmed its withdrawal from the Chinese market, and did not disclose the number of layoffs

　　On the evening of April 29, following the announcement of the closure of the Chinese official website and flagship stores of Tmall and JD.com last Thursday, American fast fashion brand Forever 21 stated last Friday that it will officially withdraw from the Chinese market in the near future after carefully considering changes in consumer demand and profitability, but did not disclose the number of employees to be cut. The brand’s official website shows that Forever 21 currently has only 4 stores left in mainland China. (Crowdfunding Home)

　　4. Suning.com achieved a net profit of 136 million yuan in the first quarter, up 22.16% year-on-year

　　On the evening of April 29, Suning.com released its first quarter financial report. Financial report shows. Suning.com's revenue in the first quarter was 66.242 billion yuan, a year-on-year increase of 25.44%; and achieved a net profit of 136 million yuan, a year-on-year increase of 22.16%. (E-commerce News)

　　5. CITIC Capital completes acquisition of beauty e-commerce service provider Youke

　　The private equity investment department of CITIC Capital Holdings Co., Ltd. announced that it has completed the acquisition of Hangzhou Youke Cosmetics Co., Ltd. from Qingdao Jinwang. Youke's management team also participated in the acquisition. Bank of China serves as the lead bank for appointment, and China Merchants Bank serves as the joint leading bank for the provision of the merger and acquisition syndicated loan. Founded in 2010, Youke is a domestic digital marketing and e-commerce service provider focusing on the beauty and personal care industries. (China Securities Network)

　　Internet Information

　　6. Shentong Express achieved a net profit of 405 million yuan in the first quarter, up 7.22% year-on-year

　　On the evening of April 29, Shentong Express (002468.SZ) issued an announcement stating that it would report for the first quarter of 2019. According to the financial report, Shentong Express achieved operating income of 4.507 billion yuan in the first quarter of 2019, a year-on-year increase of 55.10%; and achieved net profit attributable to shareholders of listed companies of 405 million yuan, a year-on-year increase of 7.22%. (Tencent Technology)

　　7. Sogou executives interpret financial report: In the future, the scale of information flow users will develop faster

　　When answering an analyst's question, Sogou CEO Wang Xiaochuan said, "At present, the growth of information flow products is indeed relatively fast, driving the increase in the entire advertising consumption, and Sogou's proportion in it is indeed declining. Sogou's overall search share is still relatively small, so there is still a lot of room for growth. Relying on our big data capabilities, the user scale of Sogou's information flow will develop faster in the next two or three years. Therefore, in this regard, Sogou's growth is still above the industry average." (China Radio Network)

　　8. Momo responds that Tantan App has been removed from the shelves: It is actively communicating with relevant government departments

　　Previous news, Tantan was removed from the Android application market yesterday. Momo, the parent company of Tantan App, said that the company stated that it is actively communicating with relevant government departments and plans to work together with relevant departments so that Tantan App can be re-listed on the mobile application store of related topics as soon as possible. (Sina Technology)

　　9. Li Xiaojia: Alibaba will be back 100%, it’s just a matter of time

　　Li Xiaojia, president of the Hong Kong Stock Exchange, said, "When it (Ali) believes that the Hong Kong market can solve its problems, it will come back. Does it need financing now? No. Does it need another trading venue? Unless this trading venue can bring new vitality, it is not necessary." When asked about the "possibility of coming back", Li Xiaojia said, "How can such a large company not come back? Alibaba will come back 100%, it is just a matter of length of time. One year? Five years? Should I return to Hong Kong or Shanghai? This is its own choice." (Financial)

　　Cross-border e-commerce

　　10. Beijing’s cross-border e-commerce retail imports increased by 44%, and more than 50 cross-border e-commerce experience stores were built

　　According to April 29, Beijing is creating new opportunities for the development of cross-border e-commerce. In 2018, the import volume of cross-border e-commerce retail in Beijing was 1.895 billion yuan, a year-on-year increase of 43.9%. At present, Beijing has built more than 50 cross-border e-commerce experience stores and more than 70 overseas warehouses. As an emerging business model, cross-border e-commerce has achieved rapid development in recent years and has become an important channel for deepening international exchanges and cooperation in the "Belt and Road". (E-commerce News)

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