"#Laogao E-commerce Newsletter# [E-commerce Evening News on April 30]" Alibaba E-commerce launched its sales of agricultural products in Yunnan increased by 49.6%; alcohol e-commerce lost 629 million yuan in 1919 last year; Pinduoduo responded to the question of "order brushing": "zero tolerance" for order brushing; NetEase Koala's first day of beauty makeup increased by 328% compared with the flat sales period; China Railway is expected to send 68.2 million passengers during the May Day holiday...
E-commerce newsletter
1. Alibaba e-commerce has entered Yunnan's agricultural product sales growth of 49.6%
According to April 30, Alibaba recently released data: In 2018, the online sales of 109 landmark agricultural products in Yunnan exceeded 4.4 billion yuan, and the total online sales increased by 49.6% year-on-year, the second largest growth rate in the country. By integrating online and offline resources, the "Taobao Featured·China Yunnan Pavilion" opened by Yunnan Agricultural Products on the Agricultural Poverty Alleviation Channel ranks first in the western region in the scale of agricultural products. (Sina Finance)
2. Liquor e-commerce lost 629 million yuan in 1919 last year
On April 30, Yijiuyijiu Liquor Platform Technology Co., Ltd. (hereinafter referred to as "1919"), a liquor sales chain platform listed on the New Third Board, released its 2018 financial report, showing that in 2018, its revenue was 3.872 billion yuan, a year-on-year increase of 15.4%; its net profit was -629 million yuan, a year-on-year decrease of 1160.15%. Regarding the decline in net profit, 1919 stated that the net profit forecast in the previous performance report was -42.505 million yuan, and the actual loss was 629 million yuan, with a difference of 1381.53%. It was mainly due to the adjustment of the company's direct-managed store business model and the provision for bad debts for the management fees of direct-managed store receivable. (E-commerce News)
3. Pinduoduo responds to the question of "order brushing": "zero tolerance" for order brushing behavior
In response to the media's doubts about "Pinduoduo's order brushing", Pinduoduo responded that it has "zero tolerance" for order brushing, and has launched measures such as voluntarily displaying the "total sales data" of the entire platform by merchants, and launched measures such as the crackdown on false shipments by themselves, eliminating the motivation and possibility of order brushing. Pinduoduo said, "Because the above behavior of merchants is essentially to push data products that are not inclined to the forefront, it will affect the transaction conversion rate and advertising conversion rate of the entire market, which is inconsistent with the fundamental interests and values of the platform, and falls under the scope of platform crackdowns." (Beijing Evening News)
4. NetEase Koala's first day of beauty makeup increased by 328% compared with the flat sales period
On April 30, NetEase Kaola announced the first day of the "Double Product Online Shopping Festival". According to NetEase Koala data, on the first day of the Double Product Online Shopping Festival, the number of global factory stores promoted by NetEase Koala increased significantly, among which, beauty and makeup increased by 328% compared with the flat sales period; food increased by 536% compared with the flat sales period; clothing, shoes and boots increased by 248% compared with the flat sales period; and home furnishings increased by 279% compared with the flat sales period. (Yibang Power Network)
5. The 2019 Hangzhou Beauty Summit starts deconstructing new beauty brands
On April 30, the 2019 Hangzhou Beauty Peak, with the theme of "Gathering the beauty industry and promoting exchanges and cooperation", was held at the Hangzhou International Expo Center (G20 main venue). This summit is hosted by Nala Beauty Production and Sales (NALA), a leading domestic beauty B2B platform, and co-organized by Qiantang Smart City, Jianggan District, Hangzhou City, Hangzhou Cosmetics Industry Association, China Beauty Town, Wanshili Group, Taishan World Group, etc. (Lianshang.com)
Internet news
6. China Railway is expected to send 68.2 million passengers during the May Day holiday
According to the report on April 30, China Railway Corporation disclosed on the 30th that from April 30th, railway transportation this year's May Day holiday, from April 30 to May 4th, the national railway is expected to send 68.2 million passengers, an increase of 6.73 million passengers year-on-year, and an average of 13.64 million passengers per day, an increase of 10.9%. (Sohu.com)
7. TikTok's business scope has been changed, and tourism information consulting business has been added
Qichacha shows that on April 29, Beijing Weibo Vision Technology Co., Ltd. experienced industrial and commercial changes, and its business scope added new tourism information consulting business. (36Kr)
8. JD.com releases the first quarter online shopping rankings
JD.com released the first quarter of 2019 online shopping rankings, including mobile phones, home appliances, computers and digital, consumer goods, beauty, fresh food, automobile products, Haitun global cross-border shopping, and JD.com created 9 lists. The list shows that imports of seafood and water drinks are heating up; beauty consumption has entered the "light luxury era", and the demand for high-end brands and luxury brands is continuing to grow rapidly. (36Kr)
9. Honor Zhang Xiaoyun: Post-95s become the main force of digital consumption, Honor opens four "extreme" strategies
Honor Strategy and Brand Development Officer Zhang Xiaoyun recently said in his speech that the post-95s generation will surely become the main force of digital consumption in the future. Honor will follow this trend and build the first technology brand for young people in the world through four "extremely". The four "extremely" mentioned by Zhang Xiaoyun are: very emotional young brands, very competitive hard-core technologies, very scene-oriented ecology, and very independent expansion channels. (Sina Technology)
Cross-border newsletter
10. Lanting Jishi: Net income exceeded US$200 million in 2018
According to April 30, Lanting Jishi recently announced the annual financial report reviewed as of December 31, 2018.
According to the financial report, the net sales revenue of Lanting Jishi's products reached US$216 million in 2018, mainly because the company strategically suspended or terminated some sales of goods with no growth potential, low gross profit or even loss.
In November 2018, Lanting Jishi acquired 100% of ezbuy's equity in the form of an interest-bearing one-year convertible promissory note, resulting in a loss of approximately US$22.8 million in the fair value changes in the acquisition of ezbuy's convertible promissory note. Lantingjishi's net loss in 2018 was approximately US$59.6 million. (E-commerce News)
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