"#Laogao E-commerce Newsletter# [E-commerce Morning News on March 19]" The second batch of donated materials from Jack Ma Charity Foundation and Alibaba Charity Foundation are transported to the eWTP Liege Airport Hub; Hema Fresh: It is developing a shared employee platform that is expected to be launched in April; Tesla HR sends an email to employees: Encourage continued work under the epidemic; US stocks have circuit breakers for the fourth time in ten days; the United States released a 100-page anti-epidemic report: the epidemic and material shortage will last for 18 months...
E-commerce newsletter
1. The second batch of donated materials from Jack Ma and Alibaba Charity Foundation are transported to the eWTP Liege Airport Hub
March 19th news, last night, Jack Ma Charity Foundation and Alibaba Charity Foundation donated masks and other materials from France and Slovenia, as well as the second batch of materials donated to Belgium arrived at the Liege Airport hub of eWTP (World Electronic Trade Platform). Jack Ma’s Charity Foundation announced on Weibo that “1.5 million masks donated by Jack Ma’s Charity Foundation and Alibaba Charity Foundation will be delivered to France, Slovenia and Belgium from here. More epidemic prevention materials will also be shipped to Liege Airport and delivered to other European countries from here.” (Sina Finance)
2. SF Express's fast-traffic logistics business revenue in February was 8.64 billion yuan, up 77.3% year-on-year
According to March 18, SF Express released a briefing on express service business in February 2020 today. Data shows that the total revenue of the logistics business and supply chain business reached 9.009 billion yuan, an increase of 82.11% compared with 4.947 billion yuan in the same period last year. Among them, SF Express's fast-traffic logistics business revenue in February was 8.64 billion yuan, a year-on-year increase of 77.3% compared with 4.873 billion yuan in the same period last year, and a business volume of 475 million votes, a year-on-year increase of 118.89% compared with 217 million votes in the same period last year; a single ticket revenue of 18.19 yuan, a decrease of 19.01% compared with 22.46 yuan in the same period last year. (Oriental Fortune Network)
3. Hema Fresh: It is developing a shared employee platform that is expected to be launched in April
According to reports on March 18, Hema Fresh is developing a shared employee platform and is expected to be launched in April. Hema said that the platform will try to normalize the sharing mechanism through digitalization, improve the efficiency of supply and demand matching, and benefit more companies and consumers. (36kr)
4. Indonesian Jitu Express (J&T Express) enters China
On March 18, "Yunlu Supply Chain", a Chinese subsidiary of J&T Express, a dark horse in Indonesia's express logistics industry, published a "Letter to J&T Jitu Express China Agent" signed by the company's founder Jet Lee, on its official account, with the title "Indian express giant Jitu Express officially entered China", but the official account then deleted the content. However, Jitu Express's official website, WeChat service account, and mini program functions have been launched one after another, and promotional videos, posters, electronic page slips, vehicles, etc. for domestic customers have been leaked. (Titanium Media)
5. State Post Bureau: Hubei's postal express industry recovers to 50% by the end of the month
On March 18, the State Post Bureau held a telephone conference on the 17th and proposed an implementation plan for the resumption of work and production of the postal express industry. The postal and express delivery industry in Hubei Province will start resuming work and production by zoning, classification and time-sharing, and plans to restore service capacity to 50% of normal production capacity by the end of March. (E-commerce News)
Internet news
6. Q4 revenue meets market expectations Ctrip's stock price rises by more than 11%
According to reports on March 19, the financial report showed that Ctrip's net operating income in the fourth quarter of 2019 was 8.3 billion yuan (all units below are "RMB"), a year-on-year increase of 10%, in line with analysts' expectations of 8.25 billion yuan. Before the release of the financial report, popular Chinese companies listed in the US saw a collective decline, with Ctrip falling nearly 4%. After the expected performance was released, Ctrip's stock price once rose by 11.42%. (Sina Technology)
7. Tesla HR sends emails to employees: Encourage continued work during the epidemic
On March 19, according to foreign media reports, on Wednesday, Tesla's North American human resources head Valerie Workman sent an email to employees to encourage them to come to work, but promised that if employees choose to stay home, they would not be deducted points in performance appraisal. She also explained why the Fremont factory and other facilities can still operate under the coronavirus pandemic.
The email said that during the epidemic, Tesla received conflicting guidance from different government departments. (Titanium Media)
8. US lawmaker complains to the FTC that its page is still showing ads for masks
According to foreign media reports, Google had previously promised to delete medical mask advertisements, but users found that there were still advertisements appearing next to the content, which were related to the new coronavirus, and U.S. lawmakers were very dissatisfied.
On Tuesday, two U.S. senators wrote to the Federal Trade Commission chairman, criticizing Google for continuing to install ads next to coronavirus content. Federal health officials have repeatedly told the public not to rush to buy medical masks, and that masks should be left to people in need, such as medical staff.
Last week, Google told CNBC that it would temporarily ban medical mask ads, but it would take several days to delete them. Facebook took similar measures a few days ago. (Lieyun.com)
9. The fourth circuit breaker in US stocks within ten days!
In the early morning of March 19, US stocks have recently entered a roller coaster trend, with sharp rises and falls one after another. On Wednesday, the circuit breaker was triggered again, which was the fourth time this month and the fifth time in history.
The S&P 500 has had an average volatility of up to 7.7% over the past seven trading days, the first time since the Great Depression. The Panic Index VIX rose 5.1% to 79.81.
Throughout history, since the circuit breaker mechanism was officially launched, plus today, there have been five circuit breakers in the history of the US stock market, four of which occurred within two weeks.
Zhang Ming, director of the International Investment Research Office of the Institute of World Economics and Politics, Chinese Academy of Social Sciences, believes that judging from the two US bear markets in 2000 and 2008, the bear market lasted for two and a half years and one and a half years. Taking history as a mirror, the adjustment of US stocks this time may not have ended.
David Rosenberg, chief economist and strategist at Rosenberg Research, said: "The situation will be unpredictable in the coming days. Over the past six trading days, the market has risen/falls reached at least 4%. Can the stock market rebound in the short rebound? Yes. But one thing will follow, and that is the resistance of volatility and interest rates to bottom out the market. The market is basically broken."
Rosenberg, who is regarded as a "super short", also said that he believes the bear market is likely to have ended two-thirds. He said: "The end point of the S&P 500 is likely not higher than 2250 points." (Tencent Securities)
Cross-border newsletter
10. The United States releases 100-page anti-epidemic report: The epidemic and material shortage will last for 18 months
A 100-page report on the new crown pneumonia epidemic in the United States was exposed by US media on the 17th local time, warning that the epidemic and material shortage will last for 18 months.
"There may be shortages of materials, with impacts involving health care, emergency services and critical infrastructure." The report warned policymakers that the epidemic will last for 18 months or more and may contain "multiple waves", which will lead to a general shortage of materials and put pressure on consumers and the US healthcare system. (Hugo.com)
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