E-commerce Morning News on August 29

　　#Laogao E-commerce Newsletter# [E-commerce Morning News on August 29] Yunji announced that it would repurchase up to US$20 million in the next 6 months; Alibaba CEO Zhang Yong: Turn a million-dollar store into a smart store; Shentong Express's revenue in the first half of the year increased by 48.62% year-on-year; American law firms launched an investigation into Tencent Music, which may violate the Federal Securities Law; Lei Jun: We have the opportunity to return to the top three in the world...

　　E-commerce newsletter

　　1. Shentong Express's revenue in the first half of the year increased by 48.62% year-on-year

　　On August 28, Shentong Express released its 2019 semi-annual report. Shentong Express's revenue in the first half of the year was 9.871 billion yuan, a year-on-year increase of 48.62%, and a net profit of 832 million yuan, a year-on-year decrease of 4.04%. In the first half of 2019, Shentong Express completed business volume of 3.012 billion pieces, a year-on-year increase of 47.25%; the market share was 10.85%. During the reporting period, the self-operation rate of Shentong's entire network transshipment center increased to 88.24%, and the trunk transportation lines increased to more than 2,800, an increase of 26.22% year-on-year. (Securities Times)

　　2. Alipay reached a global payment agreement with Dutch payment technology company Adyen

　　On August 28, according to Bloomberg, Dutch payment technology company Adyen announced a global payment agreement with Alipay. Through this cooperation, Adyen will facilitate payments for AliExpress, Taobao, Tmall and Alibaba outside mainland China. (E-commerce News)

　　3. Yunji announced that it would repurchase up to US$20 million in the next 6 months

　　On August 28, social e-commerce platform Yunji announced today that the company's board of directors has approved a stock repurchase plan. According to the plan, Yunji will buy back up to $20 million in the company's shares in the next six months. On the premise of complying with relevant regulations, Yunji will conduct this stock repurchase from time to time on the open market at current market prices, private negotiation transactions, bulk transactions and/or through other methods permitted by law. Yunji plans to use the cash in hand to fund the stock repurchase. (Sina Technology)

　　4. Alibaba CEO Zhang Yong: Turn a million-dollar store into a smart store

　　On August 28, at the annual strategy launch of Retail Connect, Alibaba Group CEO Zhang Yong reviewed the changes in Retail Connect, one of Alibaba's new retail businesses, over the past four years. "In the entire Alibaba business operating system, the role of Retail Connect is an intelligent channel solution. In the fourth year of development, we hope to help Millions Stores become smart small stores. The market insight brought by Millions Stores is the most dynamic and can help us better serve brand owners." Zhang Yong said. (Yibang Power)

　　5. YTO Express's net profit in the first half of the year was 863 million yuan and 7.63% year-on-year

　　According to the news on August 28, the 2019 semi-annual report released by YTO Express showed that YTO Express's revenue in the first half of the year was 13.953 billion yuan, a year-on-year increase of 15.64%, and now the net profit attributable to the parent company's shareholders was 863 million yuan, a year-on-year increase of 7.63%. (Sina Finance)

　　Internet news

　　6. JD Digital Technology Strategic Investment Simplified Network's "Life Circle "

　　On August 28, JD Digital recently announced a strategic investment in the "Life Circle" of the sinking market community APP Jianwang.com. The two parties will also carry out in-depth cooperation in sinking market user services, efficient online and offline operations, smart city construction, and JD Molybdenum Media business. (Europe)

　　7. US law firms investigate Tencent Music, which may violate federal securities laws

　　On August 29, US law firms Bronstein, Gewirtz & Grossman, LLC are investigating possible allegations on behalf of investors in Tencent Music. Investors who buy Tencent shares can get additional information and help through the company's website. The investigation focused on whether Tencent and some of its executives and directors violated U.S. federal securities laws. (Sina Technology)

　　8. Sogou CTO talks about headlines to search: Search will become more and more professional and service-oriented in the future

　　On August 29, Sogou CTO Yang Hongtao talked about ByteDance's entry into the search business in an interview with the media, saying that search will become more and more professional and service-oriented in the future. In the past, searches were you entering keywords, and I gave you 10 results. How to choose is your business, will the future search really solve the user's problems, and will it really master the knowledge?

　　Yang Hongtao gave an example, for example, if you ask medical questions, health-related questions, and search will help you complete the services in a closed loop through cooperation in a sense. Mastering knowledge and completing services must be the direction of searching for the future development of the entire field. Its form may be in a question-and-answer format, or it may be implemented in a more accurate way, rather than entering a keyword to give you 10 results. If you are not satisfied, enter the second keyword and sifting through the results yourself. This is a trend, which itself requires deeper accumulation of technology and long-term research on product innovation. Sogou has spent a lot of effort on this, not just searching for information distribution in the past decade. (Titanium Media)

　　9. Lei Jun: We have the opportunity to return to the top three in the world

　　On August 28, at the 40th anniversary commemoration of the China Quality Association, Lei Jun said, "After all, we are still young and our foundation is not solid enough. Later, it was surpassed by Huawei, which is normal. Many people asked me why Xiaomi cannot surpass Apple or Huawei. I think every entrepreneur must have such determination. But it takes time and a foundation. After several years of solidifying the foundation, I am very proud to tell everyone that we are ranked fourth in the world today, and we still have a certain chance to return to the top three in the world." (E-commerce Daily)

　　Cross-border newsletter

　　10. Apple will conduct its first online sales in the Indian market

　　According to Engadget, Indian consumers living in places such as Ahmedabad and Mumbai will be able to buy Apple's products online soon. The government announced today that it would relax local production regulations for companies such as Apple, which had previously restricted companies from doing business in India. Bloomberg reports that Apple will start selling online in India in the next few months. (E-commerce News)

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