#Laogao E-commerce Newsletter# [May 16 E-commerce Morning News Brief] Alibaba's fourth-quarter revenue was 93.498 billion yuan, higher than market expectations; #Tencent employees' average monthly salary of 70,000 yuan# Insiders responded: Can't calculate this way; Auchan China ushered in the biggest adjustment in stores, closing two stores and adjusting multiple stores; Luo Yonghao: I will also make mobile phones for you, but it only takes time; Merrill Lynch first released Pinduoduo research report: the target price is 32 US dollars, with an upward space of 44.47%...
E-commerce newsletter
1. Alibaba's fourth-quarter revenue was 93.498 billion yuan, higher than market expectations
Alibaba Group released its fourth-quarter financial report for fiscal year 2019 and its 2019 results show that Alibaba's fourth-quarter revenue was 93.498 billion yuan, a year-on-year increase of 51%, and the market expects to be 91.743 billion yuan; Alibaba's revenue for the current fiscal year was 376.844 billion yuan. (Chuangyebang)
2. Alibaba: Cainiao Station’s average daily service packages account for more than 10% of Alibaba’s Chinese retail platform
According to reports on May 15, Alibaba's financial report shows that as of March 2019, the average daily service package volume of Cainiao Express Station accounts for more than 10% of Alibaba's Chinese retail platform, which means that 1 out of every 10 packages will be delivered to consumers through Cainiao Express Station. Cainiao also serves more than 75% of AliExpress orders and more than 90% of Tmall international orders. (AI Finance and Economics)
3. #Tencent employees' average monthly salary is 70,000# Insider responded: This cannot be calculated
Regarding the topic of "Tencent employees' average monthly salary of 70,000 yuan" that has been flooded with the financial report, a Tencent person said, "It cannot be calculated like this." In addition to the year-end bonus factor issued in the first quarter, the remuneration paid by the company also includes employee training, welfare expenses, as well as the provident fund and various insurances paid by the company. (All-weather technology)
4. Auchan China ushered in the biggest adjustment of stores, closing two stores and adjusting multiple stores
Auchan China makes another major adjustment, and will close the second store in Nanchang and second store in Taizhou, and make adjustments to multiple store projects at the same time. The three signed store projects will negotiate to terminate the contract and promote termination of the contract. Including a store in Huadu, Meishan, Sichuan and Chengdu, Sichuan. At the same time, the new store in Hai'an, Jiangsu is scheduled to open in September. At the same time, Auchan China has also made adjustments to stores with poor profitability. Sources revealed that the adjustment was mainly due to the deterioration of poor performance, and there was no improvement in performance after the assessment and no possibility of profitability in the future. (Lianshang.com)
5. ZTO Express's revenue in the first quarter was 4.574 billion yuan
According to May 16, ZTO Express released its unaudited financial report for the first quarter of 2019 financial products as of March 31 today. According to the report, ZTO Express's revenue in the first quarter was RMB 4.574 billion (approximately US$681.6 million), an increase of 29.0% over RMB 3.5444 billion in the same period last year; net profit was RMB 681.6 million (approximately US$101.6 million), an increase of 22.3% over net profit of RMB 557.5 million in the same period last year. (E-commerce News)
Internet Information
6. Luo Yonghao: I will also make mobile phones for you, but it just takes time
Last night, Luo Yonghao, founder of Hammer Technology, said in reply to netizens on Weibo, "I will do it for you, it just takes some time." (36Kr)
7. Merrill Lynch’s first Pinduoduo research report: Target price is US$32, upward space reaches 44.47%
Bank of America Merrill Lynch released a 48-page Pinduoduo research report, giving it a "buy" rating, with a target price of US$32, 44.47% higher than Pinduoduo's current share price of US$22.15. This is also the first time that Merrill Lynch has included Pinduoduo in its reporting scope. Bank of America Merrill Lynch analysis predicts that from 2019 to 2021, the average consumption of active buyers in Pinduo for many years will be at least tripled (average annual average of 3,258 yuan per person), and the overall GMV will reach 1.864 trillion yuan in two years, with an annual compound growth rate of 58%. (Chuangyebang)
8. Xiaohongshu Qu Fang: Adhere to user values and standardize business cooperation
On May 15, Xiaohongshu held an online communication meeting on newly issued brand partner rules, community value, content ecology and other issues. Qu Fang, founder of Xiaohongshu, said that Xiaohongshu's commercialization has just begun to explore has achieved some phased results. In the future, Xiaohongshu's commercialization ecosystem will be richer, and users and business will always be the first choice for users. At the same time, Xiaohongshu is also willing to maintain close communication with partners from all parties to create win-win results. (Chuangyebang)
9. Douyu Nasdaq listing date is confirmed: May 23
According to the self-media "IPO Early Knows", Douyu will be officially listed on Nasdaq on May 23, with a maximum financing scale of US$500 million. Douyu was originally scheduled to start roadshow on Monday (May 6) and will be launched on May 16. According to the latest progress, it means that Douyu's listing progress has been delayed by just one week. (Sina Finance)
Cross-border e-commerce
10. Buffett admits holding a large number of Amazon stocks worth more than $900 million
According to foreign media reports, the latest documents released by the Securities and Exchange Commission (SEC) show that as of the end of the first quarter of March 31, Berkshire Hathaway, an investment company under the "Stock God of Stocks", held a total of 483,300 shares of Amazon. As of the close of Wednesday, the stock was worth US$904 million. (Tencent Technology)
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