E-commerce Morning News Brief on August 6-Laogao E-commerce News

　　#Laogao E-commerce Newsletter# [E-commerce Morning News on August 6] China's e-commerce transaction volume reached 31.63 trillion yuan, ranking first in the world; in 2019, the top 100 retail sales in the United States were released, with an absolute advantage in physical retail; Amazon hinted that third-party sellers raised Walmart's prices to maintain the low-price advantage; Tencent plans to invest 1 billion to 1.5 billion US dollars in Kuaishou; #HSBC CEO resigned# HSBC once cooperated with the US government to cause Meng Wanzhou to be arrested...

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　　1. China's e-commerce transaction volume reached 31.63 trillion yuan, ranking first in the world

　　In recent years, the transaction scale of China's e-commerce industry has continued to expand, ranking first in the global online retail market. According to the "Research Report on the Development Status and Market Prospects of China's E-commerce Industry in 2019" released by China Business Industry Research Institute, the national e-commerce transaction volume reached 31.63 trillion yuan in 2018, an increase of 8.5% year-on-year. Among them, the transaction volume of e-commerce in goods and services was 30.61 trillion yuan, an increase of 14.5% year-on-year. (Europe)

　　2. In 2019, the top 100 retail sales in the United States have an absolute advantage

　　The US "Shop" magazine and Kantar Retail selected the top 100 retailers in the United States in 2019. Compared with last year, the top 10 of the list remained unchanged. The only change is that the rankings of six of the companies were swapped.

　　Physical retailers still have an absolute advantage in sales: physical retailers' share of total retail sales remains at around 90%. The top ten are: Walmart, Amazon, Kroger, Costco, WoBoLian, Home Depot, CVS, Target, Lowe's, and Albertson. (Lianshang.com)

　　3. Suning Logistics released three major scenario solutions and reached strategic cooperation with Yunmi, Anxianda and others

　　According to the on-site news on August 5, Suning Logistics released three scenario solutions "to-warehousing, to-store, and to-home" today. Based on the service capabilities of this scenario, Suning Logistics signed a strategic cooperation agreement with Yunmi, TCL, Skyworth, Xilinmen, Mary Kai, Rio, and Anxianda, covering multiple fields such as home appliances, home furnishings, department stores, fresh cold chains, etc. (Europe)

　　4. Amazon's stock price fell for eight consecutive days, and Bezos sold nearly $3 billion worth of stocks

　　According to August 6, Amazon's stock price fell sharply again on August 5, which was the eighth consecutive trading day, setting the longest consecutive decline since July 2006. Amazon founder and CEO Jeff Bezos has sold nearly $3 billion worth of Amazon stock in the past week. However, this did not shake Bezos' status as the richest man in the world. Although his net worth has lost nearly $15 billion this year, he still tops the global rich list with $110 billion. (Sina US stocks)

　　5. Amazon hints third-party sellers to increase Walmart prices to maintain the advantage of low prices

　　According to Bloomberg, when Amazon finds that the same item is cheaper at Walmart, it will force merchants to lower the price of Amazon website or increase the price on its competitor Walmart website by limiting the merchant's traffic and increasing the merchant's sales costs. Merchants often choose the latter. Antitrust experts say Amazon's policy could trigger scrutiny from Congress and the Federal Trade Commission, which recently took over the jurisdiction of the Seattle-based company. (Titanium Media)

　　Internet news

　　6. Ant Financial completes A-round investment in "Smart Run"

　　According to the self-media "IPO Early Knows", Ant Financial became a new shareholder of Hunan Smart Changxing Transportation Technology Co., Ltd. in July, and the latter confirmed that the round of capital increase was the company's A round of financing. The National Enterprise Credit Information Disclosure System shows that Smart Changxing underwent a number of industrial and commercial information changes on July 23: In addition to Ant Financial's investment entity (Shanghai Yunxin Venture Capital Co., Ltd.) becoming the new shareholder, the registered capital also increased by about 23.08% to 12.3077 million yuan. (36Kr)

　　7. Qiancheng Wuyou's net profit in the second quarter turned losses into a year-on-year profit of US$9.8 million

　　On August 5, foreign media reports showed that Zhaopin Wuyou released the company's unaudited financial report for the second quarter ended June 30, 2019 on Monday. According to the financial report, Qiancheng Wuyou's net revenue in the quarter was RMB 963.6 million (approximately US$140.4 million), a year-on-year increase of 7.6%; net profit was RMB 67.4 million (approximately US$9.8 million), a loss-turning turnover from a net loss of RMB 56.6 million in the same period last year. (E-commerce News)

　　8. Tencent plans to invest $1 billion to $1.5 billion in Kuaishou

　　On August 6, according to the self-media "IPO Early Knows", Tencent and Kuaishou's new round of financing negotiations are coming to an end. Tencent hopes to invest at most US$1.5 billion with a pre-investment valuation of US$25 billion, and the final investment amount may be between US$1 billion and US$1.5 billion, and the post-investment valuation can reach US$26 billion. It is said that a heavyweight international organization had previously intended to participate in Kuaishou's round of financing, but because Tencent had extremely high requirements for share, there was no chance of participating at present. Previously, the institution had not appeared on the Kuaishou shareholder list. (Titanium Media)

　　9.#HSBC CEO resigned# HSBC cooperated with the US government to cause Meng Wanzhou to be arrested

　　Many foreign media reported that HSBC CEO John Flint, who has only been in office for 18 months, has reached a joint agreement with HSBC's board of directors to agree to resign as CEO. According to the Wall Street Journal, the reason why HSBC's board of directors selected Fanning as HSBC CEO 18 months ago is mainly because he valued his decades of experience at HSBC and his cautious style of acting. At that time, they hoped that this "safe" candidate could bring better benefits to HSBC by taking advantage of the interest rate hikes from central banks around the world in early 2018. Previously, according to reports from multiple foreign media, in order to avoid being prosecuted by the US Department of Justice for other issues, HSBC agreed to cooperate with the US government to fabricate "evidence" that can be suppressed, resulting in Huawei's chief financial management being arrested in Canada. Huawei founder Ren Zhengfei also confirmed the matter in a media interview not long ago. (Weibo@Hekou Procuratorate)

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　　10. The eBay French station will promote the Top Rated Seller Plus badge

　　On August 5, eBay issued an announcement that it will launch the "Top Rated Seller Plus badge" on the listing page and search results page on October 1 to show buyers the inventory and services of high-quality sellers, so that buyers can make purchasing decisions. (E-commerce News)

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