#Laogao E-commerce Newsletter #May 23 E-commerce Morning News

　　#Laogao E-commerce Newsletter# [May 23 E-commerce Morning News Brief] Vipshop's first quarter revenue was 21.3 billion yuan, with net profit increasing by 64.7% year-on-year; Toutiao account: Toutiao store opens applications to all creators; thousands of new technology products Tmall 618 first-issuance subsidies exceed 100 billion; Yu Chengdong: Huawei OS operating system will be available as soon as possible...

　　E-commerce newsletter

　　1. Vipshop's revenue in the first quarter was 21.3 billion yuan, and its net profit increased by 64.7% year-on-year.

　　Vipshop releases its unaudited first quarter financial report for 2019. The report shows that Vipshop's net revenue in Q1 2019 was RMB 21.3 billion, a year-on-year increase of 7.3%; according to general accounting standards, Vipshop's net profit attributable to shareholders was RMB 872.3 million, a year-on-year increase of 64.7%; following the first disclosure of GMV data in the previous quarter, the GMV released by Vipshop's financial report reached RMB 33.8 billion. (36Kr)

　　2. Toutiao account: Toutiao store opens applications to all creators

　　On May 22, Toutiao official WeChat posted a message today saying that in order to help creators monetize, Toutiao Store is now open to all creators for applications. From now on, all Toutiao creators can apply to open Toutiao stores to increase their income through content monetization. After the Toutiao store is opened, the store page will appear on the author's Toutiao, Xigua Video, Douyin, and Volcano personal homepages. Products can be displayed through various methods such as pictures, texts, videos, micro-toutiao, short videos, live broadcasts, etc., making it easier for users to purchase directly. (E-commerce News)

　　3. Pinduoduodada: Subsidies will continue to be subsidized during the 618 period

　　According to the news on May 22, Pinduoduo co-founder Dada said that during the 618 period, Pinduoduo will continue to maintain the highest cost-effectiveness through subsidies to users. He said: "I am very sorry that although our platform is also preparing for 618, there may be negative information everywhere in the future, and Pinduoduo has become accustomed to it." He also mentioned, "What Pinduoduo does is not from breaking a monopoly to creating a new monopoly, but from breaking a monopoly to providing a new choice." He emphasized, "Valuable commodities will never leave a valuable platform."

　　(Chuangyebang)

　　4. Alibaba Health: Alibaba and Ant Financial Subsidiaries will subscribe to approximately HK$2.27 billion in shares

　　Alibaba Health issued an announcement stating that Alibaba's wholly-owned subsidiary Ali JK and Antfin, an indirect wholly-owned subsidiary, will subscribe to a total of approximately 303 million shares of the company. After deducting relevant expenses, the net proceeds from the subscription are approximately HK$2.27 billion, and the net subscription price per share is approximately HK$7.5. Alibaba Health said it plans to use the net proceeds to repay loans, provide funds for continued business operations and expansion, complete past commitments and future strategic acquisitions. (36Kr)

　　5. Thousands of new technology products, Tmall 618, have subsidized more than 100 billion yuan in the first release

　　Data from Tmall consumer electronics shows that before Tmall 618, 1,500 new brands collectively settled in Tmall and will participate in Tmall 618 for the first time, including chain home appliance group Gome Electrical Appliances, luxury mobile phone Vertu, French national television brand Steamone, folding screen mobile phone Royole, domestic internet celebrity brand Keheal and other traditional big brands and a large number of potential dark horse brands. The addition of many new brands also provides consumers with a "new" Tmall 618. Thousands of heavy-duty new products, including the world's first foldable flexible screen mobile phone, limited-edition Vertu mobile phone, high-value portable hanger, thinking smart vacuum cleaner, kitchen appliances that won the Red Dot Design Award, etc., will be first released on Tmall 618. (Webmaster's Home)

　　Internet Information

　　6. Yu Chengdong: Huawei OS operating system will be available as soon as possible

　　Yu Chengdong revealed that Huawei's operating system designed for the next generation of technologies will be available as soon as this fall and will be available as the latest next spring. This system connects mobile phones, computers, flat panels, TVs, cars and smart wearable devices, and unifies each computing platform into one operating system, compatible with all Android applications and all Web applications. If the Android application is recompiled, the performance of running on this operating system will be improved by more than 60%. Yu Chengdong said, "This is a future-oriented micro-kernel" (Sina Weibo)

　　7. Tencent Academy of Smart Agriculture and Agricultural Sciences established a joint laboratory

　　At the just-concluded first Tencent Global Digital Ecology Conference, Tencent announced the latest progress in the field of smart agriculture: Internationally co-organized the second "International Smart Greenhouse Planting Competition" with WUR of the European Agricultural University, and established a joint laboratory of smart agriculture with the Institute of Information of the Chinese Academy of Agricultural Sciences. (Tencent Technology)

　　8. Ctrip's net revenue in the first quarter was 8.2 billion yuan, and its net profit increased by 335% year-on-year.

　　Ctrip released its unaudited financial results for the first quarter ended March 31, 2019. According to the financial report, Ctrip's net revenue in the first quarter was RMB 8.2 billion, a year-on-year increase of 21%; net profit attributable to shareholders was RMB 4.6 billion, compared with the net profit attributable to shareholders in the same period last year of 1.1 billion, a year-on-year increase of 335%. (36Kr)

　　Cross-border e-commerce

　　9. eBay requires sellers to adjust their overseas warehouses for non-compliant publication

　　Recently, cross-border e-commerce platform eBay issued an announcement requiring sellers to timely adjust the settings for non-compliant publication of Australian overseas warehouses.

　　eBay stated that the platform has announced the overseas warehouse service standard policy on March 1, 2019 and further updated the policy on April 17, which requires that the set processing time plus the number of arrival days promised by the logistics options must be within 8 working days (inclusive). If the seller's current item is located in Australia, the publishing requirements do not meet this requirement, corresponding adjustments are required before May 24, 2019, otherwise non-compliant publishing may be removed. (Yibang Power)

　　10. Walmart will promote free "next-day delivery" services in 40 cities in the United States

　　According to the report on May 22, according to USA Today, following the announcement of e-commerce Amazon's upgrade of express delivery services, Walmart Department Store recently announced that its e-commerce platform will launch free "next-day delivery" services in 40 cities in the United States. In a public statement, Walmart introduced that if the user's online order exceeds US$35, he can also receive "next-day delivery" service without paying membership fees. In addition to the "next-day delivery" service, Walmart also announced that its 3,100 physical stores will complete the "online ordering and in-store pickup" service by the end of the year. (E-commerce News)

 Click to register to apply to join the well-known domestic e-commerce network - Laogao E-commerce Club. Any merchants from all over the country, Tmall merchants, Taobao Crown Store, Jinguan Store, and other e-commerce platform merchants can apply to join!

,