#Laogao E-commerce Newsletter# [May 7 E-commerce Morning News]

　　#Laogao E-commerce Newsletter# [May 7 E-commerce Morning News Brief] 1. Alibaba's fourth quarter revenue was 61.932 billion yuan and its net profit was 6.641 billion yuan; 2. WeChat mini program insight report: shopping mini program has entered an explosive period; 3. PayPal new patent: smart glasses complete shopping payment through VR; 4. Jack Ma: Alibaba is unwilling to recruit Peking University and Tsinghua graduates and they should go to small and medium-sized enterprises; 5. Tencent Zhang Jun: Ma Huateng's response to "Tencent No Dreams" is P; 6. Zhihu creates a Q&A concept convenience store "A Store of Q&A" to open...

　　E-commerce newsletter

　　1. Alibaba's fourth quarter revenue was 61.932 billion yuan and its net profit was 6.641 billion yuan.

　　Alibaba (NYSE:BABA) today released its fourth quarter financial report for the 2018 fiscal year ended March 31. The report shows that the company's revenue for the quarter was RMB 61.932 billion (approximately US$9.873 billion), a year-on-year increase of 60%; according to US General Accounting Standards (GAAP), net profit was RMB 6.641 billion (approximately US$1.059 billion), compared with net profit of RMB 9.852 billion in the same period last year, a year-on-year decrease of 33%; diluted profit per share was RMB 2.88 (approximately US$0.46), compared with RMB 4.12 billion in the same period last year, a year-on-year decrease of 30%.

　　Alibaba's annual revenue was 250.266 billion yuan (US$39.898 billion), up 58% year-on-year; net profit was 61.412 billion yuan (US$9.791 billion), up 49% year-on-year. (Source: NetEase Technology)

　　2. WeChat applet insight report: Shopping applets enter an explosion period

　　WeChat mini-programs integrate online and offline demand scenarios, and commercial value begins to explode

　　WeChat mini-program provides more than 50 entrances, combines LBS geographical location information, widely connect online and offline demand scenarios, and eventually forms a commercial closed loop through WeChat payment, becoming the main carrier of WeChat OS strategy.

　　QuestMobile data shows that with the gradual formation of applications and scenarios of WeChat mini programs, the monthly active users of WeChat mini programs have exploded and exceeded 400 million. The penetration rate in WeChat in March 2018 was 43.9%, and there is huge room for growth in the future. (Source: QuestMobile)

　　3. PayPal’s new patent: Smart glasses complete shopping payment through VR

　　According to foreign media reports, PayPal just applied for a patent on the augmented reality shopping experience last week, which can superimpose virtual information on physical goods and enrich the shopping experience.

　　Previous media reports that tech giants like Apple are also developing similar products, and PayPal is likely to apply augmented reality technology to paid-enabled smart glasses.

　　According to the patent introduction, this smart glasses can superimpose product introduction information and purchase options onto physical goods. The patent was originally filed in 2016 and was further expanded and refined last week. (Source: Tencent Technology)

　　4. Jack Ma: Alibaba is unwilling to recruit graduates from Peking University and Tsinghua University and they should go to small and medium-sized enterprises.

　　On May 3, Alibaba Group founder Jack Ma held a symposium with students from Tel Aviv University in Israel to share some life experiences. On the scene, Jack Ma was awarded an honorary doctorate degree by Tel Aviv University. During the dialogue session, a female college student asked, "Does Alibaba have any educational background requirements for recruiting people?" Before the microphone was stable, Jack Ma replied without hesitation, "No! No! If we have any requirements for academic background, Jack Ma was rejected by Alibaba." Jack Ma said, "When we started, there were 18 founders, including me. In fact, we all graduated from very poor schools. I would like to give some advice to graduates from famous schools like Harvard and Tsinghua University. If you graduate from famous schools, you should also respect those students from poor schools. Those who are not graduates from famous schools like me, please respect yourself. As long as you work hard, you will have a chance." (Source: Kuai Technology)

　　5. Tencent Zhang Jun: Ma Huateng’s response to "Tencent No Dreams" is P

　　36Kr news, the article "Tencent No Dreams" has attracted attention from all walks of life. Today, a screenshot of Ma Huateng's response to the article was rumored. Just now, Tencent's public relations director Zhang Jun said on Weibo that Ma Huateng's response was P. "Someone P actually made up a reply for Pony. I believe the starting point is goodwill, but it has indeed deceived many people." (Source: Zhang Jun Weibo)

　　6. Guo Xiaomei's office in Beijing was empty, and the public relations responded that she was unaware of it.

　　A report "Guo Xiaomei's national business may stagnate, and she will give up self-operated new retail due to financing pressure" has pushed Guo Xiaomei, who was once known as the leader in unmanned shelves, to the forefront of public opinion.

　　Guo Xiaomei is an office unmanned shelves provider. It was established in Chengdu in June 2017 and has received investment from IDG, Lanchi Venture Capital and other institutions. According to public information, its latest financing was US$50 million in Series C announced in December 2017.

　　Official data released at the end of April showed that Guo Xiaomei served more than 80,000 companies, with business covering 59 cities across the country, and nearly 100,000 shelf terminals.

　　On the morning of the 5th, another "Important Notice" about Guo Xiaomei appeared on the Internet. The notice published in Guo Xiaomei's tone read: "Dear customers, I'm sorry, we can't accompany you in the future." He also called on users to "eat your own snacks and give them to you for free." (Source: Beijing News)

　　7. Zhihu creates a Q&A concept convenience store " A Store of Q&A " for business

　　Zhihu's Q&A concept convenience store "A Store of Q&A" has been open recently, and every product has a popular Zhihu Q&A. For example, the umbrella says "How to improve the mood index on rainy days?", and you can find a guide to light up the mood by scanning the QR code. (Source: Yibang Power)

　　Internet news

　　8. Zhu Xiaohu: Tencent’s strategy has always been the clearest among Chinese Internet companies

　　Regarding Tencent’s dream, Zhu Xiaohu, managing director of Jinshajiang Venture Capital, also commented on the matter on his circle of friends. He said that Tencent's strategy has always been the clearest among Chinese Internet companies. Tencent’s core base is social networks, so it is undoubtedly the most correct strategy to drive capital flows and empower the creation of an ecosystem.

　　Zhu Xiaohu said that "Honor of Kings" achieved 20 million daily active users in 8 months and "Stimulating Battlefield" achieved 50 million daily active users in 4 months. This is the best proof of Tencent's product capabilities, fighting tough battles in Tencent's core battlefield and winning tough battles. (Source: Phoenix Technology)

　　9. Buffett: Already owns 5% of Apple's shares and will continue to increase its holdings in the future

　　"Apple itself has some very good consumer products, and I think you know more than me. Whether you want to buy its shares or not, I think they are definitely worth it." Buffett said, "We now own about 5% of Apple's shares. But after a while, maybe we will increase more and more, 6%, 7%, because we have been buying its share capital. Because its products are very, very good. I like this idea very much, that is, it can rise from 5% to 6%, 7%, which is what I have been looking forward to." (Source: The Paper)

　　Cross-border newsletter

　　10. Amazon opens a global store in China to launch a " Service + " plan

　　Amazon Global Store Opening China has launched a "Service +" plan to provide customized service solutions for Chinese sellers at all stages of entry, starting and growing cross-border e-commerce, helping them enhance their knowledge reserves of cross-border e-commerce, comprehensively improve store operation and business expansion capabilities, continue to grow and optimize sales performance. At present, "Service +" mainly includes three aspects: training, seller transformation consultation and exclusive account manager services, and all are officially provided by Amazon. Trusted high-quality and diversified services will provide reliable guarantees for Chinese sellers to break the ice and cross-border e-commerce and travel to overseas markets. (Source: Yibang Power)

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