#Laogao E-commerce Newsletter# [E-commerce Morning News on April 30] Alibaba invested in Yunda and held 2% of the shares; Baidu Cloud adjusted KPI: Robin Li asked to turn losses into profits, with gross profit at least 20%; Fliggy data: After the prevention and control response downgrade, the one-hour air ticket transactions increased by 5 times; Shaoguan, Guangdong and Pinduoduo reached a strategic tourism cooperation; eBay's first quarter revenue was US$2.4 billion, and net profit fell by 6% year-on-year...
E-commerce newsletter
1. Alibaba invests in Yunda, holding 2% of the shares
The reporter learned that the 2019 annual report information released by Yunda Co., Ltd. on the evening of the 29th showed that Alibaba has become one of its shareholders, holding 2% of the shares. Based on the total market value of Yunda Co., Ltd. closed on April 29 (65.319 billion yuan), Alibaba's shares held by it are approximately 1.31 billion yuan. (36Kr)
2. Baidu Cloud adjusts KPI: Robin Li requires a turnaround of losses into profits, with a gross profit of at least 20%.
Baidu Cloud has adjusted its profit indicator this year. According to people familiar with the matter, Baidu Cloud has added profit indicators to its OKR in 2020, and gross profit is the first factor to assess. "Robin's OKR has one requirement for Baidu Cloud: turn losses into profits." An insider of Baidu Cloud said, "The requirement we received is that gross profit is at least 20%. (Tech Planet)
3. Fliggy data: After the prevention and control response is downgraded, the one-hour air ticket transactions will increase by 5 times
36Kr learned that on April 29, Beijing announced that the public health emergency response level was reduced from level one to level two. People who go to and from low-risk areas in China will no longer be required to be quarantined at home for 14 days. According to Fliggy, within one hour after the news was released, the transaction volume of Fliggy's air tickets entering and leaving the port increased by more than 500% compared with the same period of the previous day, and the transaction volume of Fliggy's train tickets entering and leaving the Beijing increased by 400%. (36Kr)
4. Hema President Hou Yi: Live broadcast will become a new farm work, and China will become a digital agricultural power
Hema President Hou Yi published a signed article on the Farmers Daily platform, analyzing China's agricultural development under the epidemic, and said: China will transform from an agricultural power into a digital agricultural power. Hou Yi proposed three "new" about digital agriculture, namely: "new opportunities", "new base" and "new engine". He said that in the long run, the new engine of digitalization in rural areas will fully Internetize the entire link of agricultural industry and consumption. Empower rural economic development and government administrative supervision; empower rural grassroots governance and farmers' participation; and benefit farmers' masses from the perspective of rural public services. And China's future will surely move from an agricultural power to a digital agricultural power. (NetEase Technology)
5. Zhong Nanshan appeared in Taobao live broadcast room to help Guizhou farmers sell goods
April 29th news, yesterday, Zhong Nanshan, an academician of the Chinese Academy of Engineering and director of the National Center for Clinical Medical Research on Respiratory Diseases, participated in a Taobao live broadcast of selling goods for Guizhou prickly pears, sharing his views on the global COVID-19 epidemic, and tried to help Guizhou farmers sell goods in the live broadcast room. He said that after processing, the prickly pear contains very high concentrations of vitamin C, which has a preventive and therapeutic effect on many diseases. Data shows that the one-hour live broadcast has accumulated more than 2.58 million viewed, more than 8.35 million likes, and the sales of single products exceed 1 million. (E-commerce News)
Internet Information
6. Guangdong Shaoguan and Pinduoduo reach strategic tourism cooperation
On April 29, yesterday, the Shaoguan Municipal Government of Guangdong Province signed a strategic cooperation agreement with Pinduoduo and other platforms in the form of "cloud signing". Shaoguan will invest a total of 100 million yuan to activate post-epidemic tourism demand through measures such as "1 yuan ticket flash sale"; Pinduoduo said it will invest resources and technical support to fully promote the high-quality development of Shaoguan's tourism industry. It is reported that the "Cloud Tour of China Shaoguan Station" event of Pinduoduo's large-scale tourism live broadcast has also officially started. Yin Huanming, Mayor of Shaoguan City, Guangdong Province, and 18 cities, counties and district mayors formed the "strongest anchor group" to promote the local famous Danxia Mountain Scenic Area in the Pinduoduo live broadcast room. (E-commerce News)
7. Luckin Coffee: Due to the impact of the epidemic, it is impossible to submit annual report on time
April 29th news, Luckin Coffee said today that since January 2020, the government has implemented quarantine control and travel restrictions nationwide due to the outbreak of the new coronavirus epidemic. Due to these measures and restrictions, employees have limited access to office buildings, and some employees must complete 14 days of quarantine before they resume on-site office work. This has resulted in a significant delay in the preparation of the consolidated financial statements for the year ended December 31, 2019. (36Kr)
8. Laiyifen: Net profit in the first quarter was 73.225 million yuan, up 12.94% year-on-year
36Kr learned that Laiyifen announced its first quarter financial report for the 2020 fiscal year. The financial report data showed that Laiyifen's revenue during the reporting period reached 1.314 billion yuan, an increase of 10.08% from the same period last year; and its net profit reached 73.225 million yuan, an increase of 12.94% from the same period last year. (36Kr)
9. The United States has shortage of thermometers, and Amazon turns to order from China's Dahua Technology
According to foreign media reports, Amazon purchased a temperature measurement camera from China Zhejiang Dahua Technology Co., Ltd. to measure workers' body temperature during the coronavirus outbreak. Dahua Technology shipped 1,500 temperature measurement cameras to Amazon this month, with a transaction value of nearly $10 million, a person familiar with the matter said. Another person familiar with the matter said that Amazon currently uses at least 500 Dahua Technology systems in the United States.
Amazon declined to comment on whether it purchased a temperature measurement camera from Dahua Technology, but said its hardware complies with national, state and local laws and that its temperature checks are intended to support the health and safety of its employees. Amazon also said the company is installing thermal imagers from "multiple" manufacturers, but declined to name the manufacturers. (Sina Technology)
Cross-border e-commerce
10. eBay's revenue in the first quarter was US$2.4 billion, and its net profit fell by 6% year-on-year.
eBay's first quarter financial report for fiscal 2020 showed that eBay's net revenue in the first quarter was US$2.374 billion, a decrease of 2% from US$2.413 billion in the same period last year; net profit from continued operations was US$485 million, a decrease of 6% from US$516 million in the same period last year. (Sina Finance)
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