"#Laogao E-commerce Newsletter# [E-commerce Morning News on August 27]" Mogujie's revenue in Q1 2020 fiscal year was 249 million yuan, a year-on-year decrease of 2.8%; Amazon's global financial director resigned and has served for 15 years; Jack Ma: P2P is an illegal fundraising with web pages, and the blame is not for Internet finance; Fugui Bird: The draft reorganization plan was rejected by the court and declared bankrupt; next month, Jack Ma was replaced by Alibaba's chairman of the board of directors, Zhang Yong: He is in a complicated mood and will stick to his mission...
E-commerce newsletter
1. Mogujie's revenue in Q1 2020 was 249 million yuan, a year-on-year decrease of 2.8%.
On August 26, Mogujie released its unaudited financial report for the first quarter of fiscal year 2020. The financial report showed that Mogujie's total revenue in the first quarter was 249 million yuan, a year-on-year decrease of 2.8%; a net loss of 121 million yuan, a net loss of 309 million yuan in the same period last year; a GMV of 4.172 billion yuan, of which the live broadcast business GMV was 1.315 billion yuan, a year-on-year increase of 102.7%. (Europe)
2. Debang Yousu's complaint rate in July is high. Delivery service and loss delay account for 70%
On August 26, the State Post Bureau issued a notice on the complaints of consumers in the postal industry in July 2019. Statistics show that the main problems of consumers' effective complaints about express delivery services are delivery services, short loss of express parcels and delays in express parcels, accounting for 33.5%, 20.2% and 20.1% of the total number of valid complaints, respectively. The number of effective complaints on express service issues increased significantly month-on-month, including delivery services, express delivery delays and express delivery damage, which were all showing a downward trend year-on-year.
In terms of corporate complaint rate, companies such as Debang, Yousu, Zhaihui Express, and Tiantian have a high complaint rate, while companies such as Suning, Yunda, YTO, Best, Debang, Zhaihui Express have a satisfaction with handling complaints of 100%. (E-commerce News)
3. Personalized men's member-made e-commerce "Jinyi Box" received 5 million yuan in angel round financing
Personalized men's clothing member-made e-commerce brocade wardrobe has completed an angel round of financing of 5 million yuan, and the investor is Jinbang Capital. It is reported that this round of financing is mainly used for business expansion. In 2018, the company received a seed round of financing of 3 million yuan from individuals. Jinyi Box was officially launched in November 2018 and is a men's clothing member-based e-commerce company. Users can become a lifelong member of the platform if they pay 99 yuan and enjoy unlimited recommended matching services. (36Kr)
4. Amazon's global treasurer resigned and has served for 15 years
On August 27, according to foreign media reports, Kurt Zumwalt, Amazon's global treasurer, has left the company. He has worked at Amazon for 15 years, helping the company manage cash and overseeing investment and debt financing.
Zumwalter had left Amazon last week, according to people familiar with the matter. Since the news has not been made public, the person familiar with the matter asked to be anonymous. Zumwalter updated his LinkedIn profile not long ago, saying that he would leave Amazon this month. (Titanium Media)
5. Suning.com acquires Carrefour China to enter the implementation stage
On the evening of August 26, Suning.com announced that it had received the "Decision on the Decision on the No Further Review of Anti-monopoly Review of Operators Concentration" issued by the State Administration for Market Regulation, "No Further Review of the Equity of Suning.com Group Co., Ltd. in the Netherlands Carrefour China Holdings NV"" which means that Suning.com's acquisition of Carrefour China Holdings NV through anti-monopoly review is about to enter the implementation stage. (E-commerce News)
Internet news
6. Jack Ma: P2P is an illegal fundraising with web pages, and the Internet finance is not responsible for this.
The 2019 China International Intelligent Industry Expo was held in Chongqing, and Jack Ma attended the conference. Jack Ma said that P2P has not been Internet finance since the first day, it is an illegal fundraising product with web pages. Jack Ma said that the biggest difference, difference or advantage from traditional finance is that it has extremely low risks and high efficiency. In fact, everyone is always worried about the risks of Internet finance. Real Internet finance does not have that great risks. "We cannot blame all the problems on Internet finance." (Sina Technology)
7. Fugui Bird: The draft reorganization plan was rejected by the court and declared bankrupt
Fuguiniao issued an announcement on the Hong Kong Stock Exchange stating that the company received an announcement and a civil ruling from the Quanzhou Intermediate People's Court on August 24, ruling to reject the application of the administrator of Fuguiniao Co., Ltd. to approve the draft reorganization plan and terminate the reorganization procedure of Fuguiniao Co., Ltd., and declared Fuguiniao Co., Ltd. bankruptcy. #Fugui Bird Bankruptcy# (First Financial Daily)
8. Next month, Jack Ma will be the chairman of Alibaba. Zhang Yong: He is in a complicated mood and will stick to his mission.
On August 27, in the recent "Dialogue" column of CCTV Finance Channel, Alibaba Group CEO Zhang Yong said that he was in a complicated mood, but Alibaba's mission has never changed.
Zhang Yong said that since Alibaba was founded, its mission is to "make no difficult business in the world." Now, Alibaba’s mission is “How to make no business difficult in the world in the digital economy era”. Zhang Yong said that in fact, Alibaba's mission has never changed. In the future, there are both huge opportunities and mission and responsibilities for Alibaba, and they also shoulder their mission and responsibilities and contribute to society.
On September 10, 2018, Jack Ma issued an open letter saying that he would resign as chairman of Alibaba Group on September 10, 2019, and that the current CEO of Alibaba Group Zhang Yong will take over as chairman of the board. Jack Ma said that he will continue to serve as a member of the Alibaba Group's board of directors after September 10, 2019 until the 2020 Alibaba Annual Shareholders Meeting. (Sanyan Finance)
9. Jack Ma: The smart era does not make people unemployed, but makes people do more valuable things
Jack Ma said, "I firmly believe that the intelligent era should make human beings pay more attention to themselves, their hearts, and understand human beings better. In the intelligent era, we must not spend our energy on technology and devices, but on our technology and devices on human progress and human feelings. The intelligent era should not and cannot make people unemployed, but make people do more valuable things." (21 Finance)
Cross-border newsletter
10. AliExpress and Dixintong jointly opened its first offline store in Spain
On August 26, Alibaba's global cross-border retail e-commerce platform AliExpress and Dixintong cooperated with the first offline store "AliExpress Plaza", opened in Spain, in its shopping mall Xanadu, outside the capital Madrid. After the store is open, consumers in Madrid can purchase a series of electronic products in the store through AliExpress account and enjoy the same after-sales rights as online shopping. At the same time, non-AliExpress members can also shop directly in the store. (E-commerce News)
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