E-commerce Morning News on August 16

E-commerce newsletter

1. Alibaba: 70% of the new annual active users come from underdeveloped areas

During Alibaba's earnings call, Alibaba CEO Zhang Yong said, "This quarter, we received 20 million new annual active users, and more than 70% of them come from underdeveloped regions." Chief Financial Officer Wu Wei said that Alibaba is targeting 200 million to 300 million potential new users who may be attracted by the platform, which is also the goal of Ant Financial. Ant Financial has an advantage in attracting new users from third- and fourth-tier cities, while Alibaba's advantage is to keep these new users. (Tencent Technology)

2. Alibaba's total revenue in Q1 2020 was 114.92 billion yuan, a year-on-year increase of 42%.

On August 15, Alibaba released its first quarter financial report for the 2020 fiscal year. The report showed that Alibaba achieved a total revenue of 114.92 billion yuan, and the market expected to be RMB 111.734 billion, compared with RMB 80.92 billion in the same period last year, a year-on-year increase of 42%; net profit under non-US general accounting standards was RMB 30.949 billion, a year-on-year increase of 54%, and the market expected to be RMB 25.31 billion. (Europe)

3. ZTO Express released its second quarter 2019 revenue increased by nearly 30% year-on-year

ZTO Express released its second quarter results for 2019 after-hours trading on Thursday. Financial report data shows that ZTO Express's business volume in the second quarter reached 3.107 billion pieces, a year-on-year increase of 46.8%, 18.5 percentage points higher than the industry's average growth rate. Market share increased by 2.5 percentage points from the same period last year to 19.9%. At the same time, service quality and customer satisfaction remain at the forefront. In terms of profit, it also maintained steady growth, with adjusted net profit of 1.376 billion yuan, an increase of 25.6% from 1.096 billion yuan in the same period last year. (E-commerce News)

4. The State Post Bureau plans to cancel the express business licenses of 9 companies

On August 15, the State Post Bureau issued a notice on the cancellation of the "Express Business License" of relevant enterprises. According to Article 21 of the "Express Business License Management Measures" and Article 5 of the "Express Business License Revocation Management Regulations", the express business licenses of nine companies will be cancelled. (Financial Headlines)

5. Suning.com: plans to repurchase shares for 1 billion to 2 billion yuan for employee stock ownership plans

On August 15, Suning.com announced that it plans to repurchase shares for 1 billion to 2 billion yuan, with the repurchase price not exceeding 15 yuan per share, and the repurchase ratio accounts for about 1.43% of the company's total share capital. The repurchase of shares is used for employee stock ownership plans or equity incentives. (E-commerce News)

6. New regulations on JD.com group purchase: Service providers provide service to settle in and charge fees

On August 15, in order to strengthen the cooperation management of third-party service providers for group purchase business, JD.com has added the "JD.com Group Purchase Service Provider Management Rules". The new regulations require service providers not to charge merchants any fees for incoming services for any reason. This rule will officially come into effect on August 22. (Yibang Power)

Internet news

7. Xiaomi Mijia 816 event is launched, and a number of new products will be released

According to August 15, Xiaomi will start the 816 mobile carnival from 0:00 on August 14 to 24:00 on August 16, and will also launch a number of new products during the period: including Mijia sweeping and mopping robots with 3 sweeping and mopping modes, Mijia wireless mite removal device, etc. During the event, Xiaomi Mijia will also launch two new washing machine products, Mijia frequency converter drum washing machine 1A (8kg) and Mijia frequency converter drum washing machine 1S (8kg), update Xiaomi notebook series products, Mijia air purifier 3, etc. (Global Network)

8. The official 5G package is likely to be launched at the end of September

On August 16, an operator insider revealed to reporters that the launch node of the 5G official package will most likely be at the end of September, which is the eve of National Day. Independent telecom analyst Fu Liang told reporters that from 4G to 5G, the network speed has been greatly improved, and it is no longer possible to use 5G without changing packages. (Beijing News)

9. Apple confirms release of iPhone 11 on September 10

According to August 16, today Apple released the latest iOS 13 development beta version 7. A screenshot was found in the beta version of the foreign website iHELP BR. The name of the screenshot is HoldForRelease, waiting to be released. The date of the calendar inside is September 10th.

Consistent with previous predictions, the iPhone 11 press conference should have been released on September 10, US time.

The launch of the new iPhone 11 Pro should start at 1 a.m. on September 11, China time. (Pinwan)

Cross-border newsletter

10. Amazon recalls a toy with fatal safety hazards

It is reported that the toy sword "Beamz Light Up Toy Sword" sold on Amazon website was urgently recalled for containing toxic substances and has stopped selling the toy.

According to the safety agency, the silver paint of the product contains toxic lead, which may cause lead poisoning if a child mistakenly enters the mouth. Their bones and organs are still growing, and inhaled lead will be deposited in these organs. Signs of lead poisoning may include irritability and fatigue, loss of appetite and weight loss, abdominal pain and vomiting. (Hugo.com)

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