E-commerce Morning News on August 22

　　#Laogao E-commerce Newsletter# [E-commerce Morning News on August 22] Huang Zheng: Pinduoduo's consumption in first- and second-tier cities increased by 11% to 48% in half a year; JD.com: The original "special price flash sale" business was officially upgraded and renamed "Daily special offer"; Alibaba postponed Hong Kong IPO, which may be carried out as early as October; the State Post Bureau carried out the cleanup and rectification of illegal charging fees for express terminal services, and more than 10 express brands were reported; Apple is testing BOE's flexible OLED screen, which is planned to be used in next year's iPhone...

　　E-commerce newsletter

　　1. Huang Zheng: Pinduoduo's consumption share in first- and second-tier cities increased by 11% to 48% in half a year

　　Pinduoduo founder and CEO Huang Zheng said in the earnings call that Pinduoduo's user satisfaction and penetration rate are continuing to increase. In January this year, the GMV of users in first- and second-tier cities on Pinduoduo platform accounted for 37%. In June, the proportion increased to 48%, and the proportion of consumption in first- and second-tier cities increased by 11% to 48% in half a year. Huang Zheng said that Pinduoduo has not changed its user development strategy, and the strong growth in first- and second-tier cities is because the platform has always focused on user needs. (NetEase Technology)

　　2. JD.com: The original "special offer flash sale" business was officially upgraded and renamed to "daily special offer"

　　JD.com announced that the original "special offer flash sale" business was officially upgraded and renamed to "Daily Special offer", and further enhanced its strategic position in the homepage of JD.com App. On this basis, JD.com will also open up "Daily Special Offer", "JD.com Flash Sale" and "Brand Flash Sale" to build it into a new marketing platform for JD.com's flash sale business. In addition, JD.com's flash sale business will also launch the "Hundred and Thousand Billion Plan", that is, in the next three years, more than 10,000 "super factory stores" with sales reaching one million and more than 100 "super factory stores" with sales reaching tens of millions. (36Kr)

　　3. Pinduoduo: As of the end of June, the number of active buyers on the platform reached 483.2 million

　　According to the news on August 21, Pinduoduo's second quarter financial report released showed that as of the end of June, the number of active buyers on the platform reached 483.2 million, a year-on-year increase of 41%, and a net increase of 139.6 million, an increase of 39.9 million active buyers over the first quarter. In the second quarter, the average monthly active users of Pinduoduo App reached 366 million, an increase of 88% year-on-year, a net increase of 76.3 million from 289.7 million in the first quarter. (E-commerce News)

　　4. Antarctic E-commerce's net profit in the first half of 2019 increased by 32.37% year-on-year

　　On August 22, Antarctic E-Commerce released its performance report for the first half of 2019. The announcement shows that the company's operating income was 1.634 billion yuan, a year-on-year increase of 32.44%; the net profit attributable to shareholders of listed companies was 386 million yuan, a year-on-year increase of 32.37%. Basic earnings per share was RMB 0.16. (Securities Times)

　　5. Alibaba postpones Hong Kong IPO, which may be held as early as October

　　On August 21, Reuters quoted two unnamed people as saying that Alibaba may go public in Hong Kong as early as October, seeking to raise $10 billion to $15 billion. The report quoted a person as saying that the company's board of directors held a meeting last week and decided to postpone the listing action scheduled for late August. (E-commerce News)

　　6. The State Post Bureau carried out rectification of illegal fees for express terminal services, and more than 10 express brands were reported .

　　On August 22, the State Post Bureau has deployed a special work to clean up and rectify illegal fees for express terminal services nationwide from August 1. It is understood that as of now, postal management departments in various places have received 237 clues of problem reports from the public through the 12305 dedicated line, involving more than 10 express brand companies. Among them, there are 67 pieces of Yuantong, 44 pieces of Yunda, 41 pieces of Zhongtong, 30 pieces of Shentong, 25 pieces of Best, 5 pieces of Tiantian, 2 pieces of SF Express, 1 piece of Pinjun, and 22 pieces of other express brand companies. (Legal Daily)

　　Internet news

　　7. Walmart indictment: Tesla's acquisition of Solarcity is Musk's selfish intention

　　Wal-Mart recently sued Tesla, saying that Tesla had "widespread and systematic" negligence in the quality control of its solar panel products, resulting in a series of fire accidents. Wal-Mart directly pointed out that Tesla's acquisition of Solarcity in 2016 was a "rescue action". Before the announcement of the acquisition, Solarcity's financial performance deteriorated seriously, with a full-year loss of US$820 million in 2016, further expanding from the loss of US$765 million in 2015. (Tencent First-line)

　　8. Apple is testing BOE's flexible OLED screen, planned to be used in next year's iPhone phones

　　Apple is actively testing BOE's flexible OLED screen, which is produced by BOE's factory in Chengdu, Sichuan. At present, the test has entered the final sprint stage. If Apple's standards are met, it will be used in next year's iPhone. This means that Apple will purchase iPhone screens from Chinese manufacturers for the first time. Apple will decide whether to use BOE's screen by the end of this year. Apple's move aims to reduce costs while also reducing its dependence on South Korea's Samsung Electronics. (Europe)

　　Cross-border newsletter

　　9. Alibaba AliExpress signs a contract with Hangzhou Cross-border E-commerce Comprehensive Pilot Zone: Chinese brands going overseas will be accelerated

　　On August 21, Alibaba's global cross-border retail platform AliExpress and China (Hangzhou) Cross-border E-commerce Comprehensive Pilot Zone signed a cooperation agreement, announcing that the two parties jointly launched a cross-border e-commerce development plan called "Jiu Whale Plan", jointly launched the "Hangzhou Cross-border E-commerce 'National Tide Going Overseas'" project, and planned to organize 300 excellent domestic brand companies to open stores on AliExpress in Hangzhou to help it explore emerging overseas markets. (Tianxia Online Business)

　　10. Amazon's largest park is online in India: covers an area of ​​38,400 square meters

　　Amazon opened the company's largest park in Hyderabad, India on Wednesday, according to Reuters. Amazon said the latest Indian park covers an area of ​​95 acres (about 38,400 square meters) and costs "hundreds of millions of dollars". The park will have 1.8 million square feet (about 170,000 square meters) of office space and a construction area of ​​3 million square feet (about 280,000 square meters). The park will accommodate more than 15,000 employees. Currently, Amazon has about 62,000 employees in India, about one-third of which is in Hyderabad. (Sina Technology)

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