#Laogao E-commerce Newsletter# [E-commerce Morning News on August 15]

E-commerce newsletter

1. Vipshop's second quarter revenue was 22.7 billion yuan, a year-on-year increase of 9.7%.

Vipshop released its second quarter financial report for 2019. The report showed that Vipshop's total net revenue in the second quarter was 22.7 billion yuan (approximately US$3.3 billion), a year-on-year increase of 9.7%; net profit attributable to the company's shareholders was 813.5 million yuan (approximately US$118.5 million), a year-on-year increase of 19.3%. In the second quarter, Vipshop's total orders were 147.8 million, a year-on-year increase of 33%; the total number of active users reached 33.1 million, a year-on-year increase of 11%. As of Q2 2019, the number of Vipshop's super VIPs reached 3.5 million. (36Kr)

2. JD.com: The number of couriers with monthly income exceeding 20,000 yuan increased by 163% year-on-year

Data provided by JD.com shows that the average salary of JD.com logistics couriers increased by nearly 5% year-on-year in the second quarter. Against the background of adjusting the income structure and encouraging employees to actively collect, high-income employees increased, and the number of couriers with monthly income of more than 20,000 yuan in the second quarter increased by 163% year-on-year. (36Kr)

3. JD Express delivers university admission notices, using the "chicken feather letter" positioning tracking service

On August 14, Fan Jun, vice president of JD Group and head of JD Express Products, revealed at the "2019 Express Last Mile Summit" that JD Express cooperates with universities to deliver university admission notices this year, and will apply the "chicken feather letter" service with positioning tracking function to ensure the safety of the delivery of admission notices.

In addition, to facilitate candidates' inquiries, JD Express also associates the express delivery number with the candidate's examination number. While waiting for the admission notice, candidates can also check the status of the express delivery through the examination number. (Europe)

4. Tencent: I hope it can help Pinduoduo and JD.com have a better e-commerce entrance experience

Tencent said on the conference call: There is a promising view on establishing an e-commerce ecosystem within WeChat. Many people will enter this entrance, with better retention and social network utilization. We think there is potential. We hope to help Pinduoduo and JD.com have a better e-commerce entrance experience. (First Financial Daily)

5. Buffett Investment Company Increases its holdings by 11% Amazon shares worth more than US$1 billion

According to foreign media reports, Warren Buffett, an investment tycoon known as the "Stock God", has always increased his holdings in retail giant Amazon. Berkshire Hathaway, a Buffett-owned investment company, revealed in a government filing on Wednesday that the company's Amazon shares increased by 11%. As of the end of the second quarter, Berkshire Hathaway held a total of 537,300 shares of Amazon, worth more than $1 billion. (E-commerce News)

Internet news

6. NetEase's market value surpasses Baidu and becomes the fifth largest Internet company in China

Yahoo Finance data shows that as of the close of US stocks on Wednesday, NetEase's market value (US$33.542 billion) surpassed Baidu (US$33.136 billion), becoming the fifth largest Internet company in China. As of 7:00 on August 15, Beijing time, the market value of the top six domestic Internet companies is: Alibaba (US$421.935 billion), Tencent Holdings (US$414.084 billion), JD.com (US$49.681 billion), Meituan Dianping (US$47.029 billion), NetEase, and Baidu. (Tencent Technology)

7. Ministry of Industry and Information Technology: The 2019 Top 100 Internet Enterprises List of China announced

On August 14, the China Internet Association and the Cybersecurity Industry Development Center of the Ministry of Industry and Information Technology (Information Center of the Ministry of Industry and Information Technology) jointly released the 2019 Top 100 Internet Enterprises List, the Top 20 Internet Growth Enterprises List and the "2019 China Internet Enterprises Development Report" at the 2019 Top 100 Internet Enterprises Press Conference and the Top 100 Enterprises Summit Forum.

Among them, Alibaba (China) Co., Ltd., Shenzhen Tencent Computer Systems Co., Ltd., Baidu Company, JD.com, Zhejiang Ant Micro Financial Services Group Co., Ltd., NetEase Group, Meituan Dianping, Beijing ByteDance Technology Co., Ltd., 360 Security Technology Co., Ltd., and Sina Company ranked in the top ten. (Ministry of Industry and Information Technology)

8. Luckin Coffee lost 680 million yuan in the second quarter and had 240 million yuan in marketing expenses. The chairman said that advertising would cost more money.

On August 14, @luckincoffee released its first financial report after its listing: sales in the second quarter of 2019 were 900 million yuan and a net loss of 680 million yuan. Asked about the high marketing expenses at the earnings call, Luckin CEO Qian Zhiya responded that 240 million yuan is not used to buy customer traffic, but mainly invested in brand advertising. Chairman Lu Zhengyao said that the store-level profit can be achieved in the third quarter of this year, and it is possible to make profits at the company level after the third quarter of next year, and advertising will cost more. (Sina Finance)

9. Apple's official response to prohibiting third-party battery replacement: in order to protect users

On August 15, Apple recently activated the "hibernation software lock" in the iOS system, imposing functional restrictions on the unofficial replacement of iPhone batteries. This behavior has caused controversy, and today Apple responded to the matter: This is done to protect users and prevent users from using poor quality batteries.

Apple provided a statement to foreign media on the matter, confirming that they did launch a "new feature" that will display the above information when performing unauthorized battery repairs, with the aim of protecting consumers from "damage, poor quality or second-hand batteries." (Titanium Media)

Cross-border newsletter

10. Amazon announced that it will donate unsold goods, and the destruction has caused controversy

According to the latest news from foreign media, Amazon recently announced that it will launch a new plan to allow sellers to donate these unsold goods to charities. Through this charity program, Amazon hopes third-party sellers on its e-commerce platform can better utilize products they fail to sell or no longer need. Amazon is the largest e-commerce platform in the United States. In the past, some online sellers have destroyed products that are difficult to sell, which has caused controversy on public opinion. (Tencent Technology)

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