#Laogao E-commerce Newsletter #May 13 E-commerce Morning News

　　#Laogao E-commerce Newsletter# [May 13 E-commerce Morning News] Liu Qiangdong: It will continue to increase the net income of JD employees; Visual China: It will resume online operations at 0:00 on May 12; Hema Fresh connects with many Shizhu companies to target the water shield industry; Suning Shop Song Rui: I hope Suning Shop can become a super entrance similar to WeChat level; Japanese media: Half of the fastest growing companies in the world are in Asia, and China ranks second in Asia...

　　E-commerce newsletter

　　1. Liu Qiangdong: It will continue to increase the net income of JD employees

　　On the evening of May 10, JD.com released its first quarter financial report for 2019 in the afternoon, with net revenue of RMB 121.1 billion (approximately US$18 billion), a year-on-year increase of 20.9%.

　　In the subsequent executive call, Liu Qiangdong said: "The net profit this quarter is slightly higher, but we will never stop investing in the company's long-term future, and we will never stop investing in the following aspects. First, we will never stop investing in customer experience. Second, we will never stop investing in new businesses. As we all know, we now have JD digital business and JD logistics business, and we will make more investments in developing new business models." (Sina Finance)

　　2. Visual China: Starting to resume online operations at 0:00 on May 12

　　On May 12, morning news, Visual China Image issued a statement last night saying that after user testing, the rectification has reached the expected target and is scheduled to resume online operations at 0:00 on May 12, 2019, and to start providing full services to customers.

　　The statement stated that since the website operation was voluntarily suspended on April 11, 2019, under the guidance of relevant government departments such as Internet Information and copyright, our company has established a special working group to conduct comprehensive self-inspection and carry out rectification work in terms of improving the content review mechanism and optimizing the company's copyright operation and management. After user testing, the rectification has reached the expected goals. (Sohu.com)

　　3. Hema Fresh connects with many stone pillar companies to target the water shield industry

　　Alibaba's e-commerce platform Hema Fresh has recently reached e-commerce poverty alleviation agreements with several companies in Chongqing Shizhu. The products to be listed include the famous local water shield. This time, Hema Fresh will carry out "order-based" cooperation, hoping to expand Shizhu agricultural products sales channels. In addition to purchasing water shield from Shizhu, there are also special agricultural products such as chili. Shizhu water shield was introduced from Jiangsu and Zhejiang in the early years. At present, Shizhu is the largest water shield base in the country, with production accounting for more than 80% of the world. (Yibang Power)

　　4. Three Squirrels are scheduled to start their debut on May 16

　　On the evening of May 10, the official website of the China Securities Regulatory Commission showed that three companies including San Squirrel Co., Ltd. were scheduled to be held for their first launch on May 16. Three Squirrels' IPO road is bumpy, and the company once canceled the IPO review. According to the data, Three Squirrels are mainly engaged in the research, development, testing, packaging and sales of their own brand snack foods. The product portfolio covers many major snack food categories such as nuts, dried fruits, dried fruits, flower tea and snacks. (E-commerce News)

　　5. Suning Shop Song Rui: I hope Suning Shop can become a super entrance similar to WeChat level

　　On May 12, Song Rui, general manager of Beijing Suning Store, said that "small stores" are the closest business format to consumers, with a very strong penetration rate, and consumers' repurchase rate is high and the frequency is high. He said: "Now when everyone mentions Alibaba, they will think of Taobao; when they mention Tencent, they will think of WeChat. We hope that Suning Store can also become a similar super entrance, so that everyone thinks of Suning Store when they mention Suning." (E-commerce News)

　　Internet Information

　　6. Japanese media: Half of the world's fastest growing companies are in Asia, and China ranks second in Asia

　　According to the Nikkei Asia Review, the market value of 1,679 Asian companies has increased to more than 10 times the original market value in the past 10 years, accounting for more than half of all "ten times stock" companies in the world. This figure does not include companies in the Middle East, Central Asia or Japan.

　　Among them, China ranked second with 334 tenfold stock companies. Tencent's market value has increased 32 times to US$437.8 billion, making it the second largest ten-fold stock company in the world, second only to Amazon. (Reference News Network)

　　7. Twenty shareholders of Wanda Film and Television withdrew at the same time, and Zeng Maojun replaced Zhang Lin as legal representative

　　Qichacha data shows that on May 8, Wanda Film and Television Media Co., Ltd. underwent a number of industrial and commercial changes: the legal representative was changed from Zhang Lin, president of Wanda Cultural Industry Group and chairman of Wanda Cinemas to Zeng Maojun, president of Wanda Film and Television Group and president of Wanda Film Co., Ltd.; Zeng Maojun also served as the company's executive director and manager; 20 shareholders, including Beijing Wanda Investment Co., Ltd., with a new large shareholder, Wanda Film Co., Ltd., with a shareholding ratio of 95.77%. (36Kr)

　　8. Shanghai strives to build a gathering place for world-class manufacturing brands next year

　　The Shanghai Economic and Information Commission stated that Shanghai will accelerate the construction of a new "smart economy" ecosystem with industrial application as its goal, and strive to initially build a world-class emerging industry development source, several world-class advanced manufacturing clusters, and world-class manufacturing brands by 2020.

　　The Shanghai Economic and Information Commission stated that it will strive to improve the efficiency of government services, accelerate the promotion of "one-stop service", strengthen intellectual property protection, deepen the construction of brand systems such as scientific and technological innovation and honest application, and create a good industrial ecological development environment for the development of the brand economy. (Penguin)

　　9. eBay opens a physical concept store in the UK

　　According to foreign media reports, eBay recently opened a physical concept store in Wolverhampton, UK. The physical concept store has attracted nearly 40 small and medium-sized enterprises to register. The model will be experimented locally for one month, mainly testing how physical stores coordinate with online retail. (E-commerce News)

　　Cross-border e-commerce

　　10. China's cross-border e-commerce transaction volume will reach US$1.24 trillion

　　On May 12, at the third Global Cross-border E-commerce Conference held in Zhengzhou, Zhao Huxiang, chairman of China International Freight Forwarding Association and former chairman of China Foreign Transportation Co., Ltd., said that it is expected that the global cross-border transaction volume of B2B e-commerce will be US$2.32 trillion by 2020, while the cross-border B2B e-commerce transaction volume in China will reach US$1.24 trillion, accounting for more than half of the global share. (E-commerce News)

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