E-commerce Morning News on October 25

"#Laogao E-commerce Newsletter# [October 25 E-commerce Morning News Brief]" Li Guoqing issued 15 targeted responses: Yu Yu only has one real thing, the others are fake; Pinduoduo's stock price rose 12%, and its market value surpassed JD.com and entered the top four in China's Internet; Amazon's stock price plummeted, and Bezos fell to the throne of the richest man; Tantan, Momo and others jointly initiated the "Internet Marriage and Dating Industry Self-Discipline Convention"; Keep responded to layoffs, "is a normal adjustment"...

E-commerce newsletter

1. Li Guoqing sent 15 targeted responses: Yu Yu only has one real one, the others are fake

On October 25, in response to Yu Yu’s accusation, Li Guoqing issued another 15 targeted responses last night, saying, “Only one is true, and the others are fake.” Li Guoqing said, “Yu Yu slandered me this time and said that I was a scumbag. It was completely meticulously planned, just to unequal dividends in the divorce, and completely break the bottom limit of only talking about work disputes that Yu Yu and I agreed to.” (E-commerce Daily)

2. Beijing express delivery practitioners will be able to participate in the professional title review, with the highest being the "senior engineer"

According to the Beijing Municipal Government Information Office, the Beijing Postal Administration, Beijing Human Resources and Social Security Bureau, and Beijing Medical Insurance Bureau jointly held a publicity and implementation training meeting yesterday, focusing on the "Notice on Promoting the Standardized Development of the Express Industry and Strengthening the Protection of the Rights and Interests of Practitioners" for 14 major brand enterprises including Postal Express, SF Express, JD.com, Zhongtong, Yunda". Beijing will add a professional qualification for express engineering review, and set up five levels of technicians, assistant engineers, engineers, senior engineers and senior engineers according to regulations to open up career development channels for high-skilled talents and express engineering and technical talents in the express industry. (E-commerce News)

3. Pinduoduo's stock price rose 12%, surpassing JD.com to the top four Internet in China

According to news on October 25, Pinduoduo closed up 12.62% on Thursday to $39.38, a record high. Its market value grew by US$5.1 billion in a single day to US$46.471 billion, surpassing JD.com (US$44.646 billion) to become the fourth largest Internet company in China, second only to Alibaba (US$449.239 billion), Tencent (US$388.819 billion) and Meituan Dianping (US$65.572 billion). (Titanium Media)

4. SF Express announced corporate operations and released a new brand "SF Express Express"

SF Express City officially announced its corporate operations and released the new brand "SF Express City Express". According to Chen Fei, chief strategic officer of SF Express Group and director of SF Express City Company, SF Express City Express has an annual compound growth rate of more than 100% in the past three years, making it the fastest growing business segment among all SF Express Group's businesses. After the company's independent operation, SF Express City remains an important business segment of SF Express Group. According to SF Holdings' financial report for the first half of 2019, SF Express's revenue growth in the same section was 129.13%. (36Kr)

5. Amazon's stock price plummeted, Bezos fell to the throne of richest man

According to news on October 25, Amazon's stock price fell sharply after the market trading Thursday, falling more than 8% to $1,637, and the company's market value evaporated by $80 billion. This means that Amazon founder Jeff Bezos is about to return the title of the world's richest man to Microsoft co-founder Bill Gates.

In October 2017, Bezos took the position of richest man from Gates. But as Amazon's stock price plummeted on Thursday, Bezos' net worth will drop to $102.8 billion, about $5 billion less than Gates, ranking second.

Microsoft, the world's most valuable company, soared 38% this year, increasing the value of Gates' 1% stake in its 38% stake and its wealth reached $107.5 billion. (Sina Technology)

Internet news

6. Retailers such as Walmart remove Johnson & Johnson baby powder

On October 25, after Johnson & Johnson recalled 33,000 bottles of baby powder that may contain the carcinogen asbestos at the request of US regulators last week, Walmart, CVS and Rite Aid, the three major U.S. physical retailers, announced that they will remove all 22-ounce packs of Johnson & Johnson baby powder from their stores. Analysts say other online retailers such as Amazon are expected to remove the model. (Sina Finance)

7. Tantan, Momo and others jointly initiated the "Internet Marriage, Love, Dating Industry Self-Discipline Convention"

On October 24, Tantan, Momo, Baihe Jiayuan and Youyuan.com jointly initiated the "Internet Marriage, Love, Dating Industry Self-Discipline Convention", aiming to regulate the business behavior of the Internet marriage, love, and dating industry, protect the legitimate rights and interests of all parties, and maintain fair competition order. The Convention clearly states that the platform will strengthen the review and supervision of illegal information, false information, harassment information and other information that endanger network order, strengthen technical means, and take necessary measures such as warnings, temporary bans, and permanent bans for accounts that publish illegal and irregular information; if suspected of committing a crime, report the case to the public security department in a timely manner. (E-commerce News)

8. Analyst: 12 million iPhone units sold in a month, Apple increased production

According to foreign media reports, Jun Zhang, an analyst at Rosenblatt Securities, predicts that more than 12 million units have been sold in one month after the iPhone 11 was launched, an increase of 15% from last year's iPhone XR sales in the same period.

Meanwhile, compared with last year's iPhone XS and iPhone XS Max sales, Zhang Jun expects sales of iPhone 11 Pro and iPhone 11 Pro Max to be 15% lower than last year's sales.

Zhang Jun said that due to strong market demand, Apple will increase the production of iPhone 11, which is expected to be about 1.6 million units higher than its previous planned production. Conversely, the production of the iPhone 11 Pro Max will be cut by about 2 million units due to sluggish market demand.

It can be seen that Apple's component order quantity has not changed much, but it only tends to shift production from the iPhone 11 Pro Max to the iPhone 11. In addition, Zhang Jun also believes that the initial iPhone shortage was due to production capacity issues, not component shortages.

By the end of this year, Zhang Jun expects the sales of iPhone 11 and iPhone 11 Pro to reach 70 million units. But by the first and second quarters of 2020, total iPhone production will decline year-on-year. (Sina Technology)

9. Keep responded to layoffs, "is a normal adjustment"

On October 25, in response to the news that 300 layoffs were reported today, Keep told Titanium Media that it was a normal organizational optimization.

The following is the full text of Keep's response:

For Internet companies, "efficiency is life", and optimizing talent structure and improving organizational efficiency is a necessary management item for the company's long-term development. Keep is currently in the stage of rapid growth, and some personnel changes are normal organizational adjustments and optimizations.

After the peak season every year, businesses that have not been verified will be closed down, and poor performance will be optimized. Everyone will make reasonable compensation and dispersal. The company's normal operation phenomenon is between 10-15%, which is reasonable. If it is two months later to the end of the year, it is actually even more irresponsible to them. (Titanium Media)

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10. Amazon's Q3 net profit fell 26% year-on-year, and its stock price fell nearly 7% after the market

Amazon released its third-quarter 2019 financial report. The report showed that Amazon's net sales in the third quarter were US$69.981 billion, a year-on-year increase of 24%, higher than analysts' expectations of US$68.83 billion; net profit was US$2.134 billion, a year-on-year decrease of 26%, lower than analysts' expectations, and is the first profit decline in two years. In addition, Amazon's fourth-quarter performance outlook also did not meet expectations. As of press time, Amazon's after-hours stock price was $1,658, down 6.89%. (36Kr)

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