May 7 E-commerce Morning News

　　#Laogao E-commerce Newsletter# [May 7 E-commerce Morning News] Alibaba's "Double Product Shopping Festival": More than 500 time-honored brands have sold more than 600 million yuan; May Day Douyin data report: There are a total of 3,182 creators on Douyin to bring goods to Hubei; Postal Bureau: During the May Day holiday, 1.102 billion express delivery and 1.038 billion delivery; 46 urban areas such as Xiongan New Area have been approved to set up cross-border e-commerce comprehensive pilot zones; 36Kr announced a stock repurchase plan, and the management extended the stock lock-up period for 180 days...

　　E-commerce newsletter

　　1. Alibaba's "Double Product Shopping Festival": More than 500 time-honored brands have sold more than 600 million yuan

　　According to Alibaba's phased battle report on the "Double Product Online Shopping Festival", as of May 5, compared with the week before April 28, Tmall's transactions increased by 28.2% month-on-month. Among them, more than 500 time-honored brands participated in the Double Product Festival, with the transaction volume exceeding 600 million yuan, an increase of 15% month-on-month from the previous week. Huili and Hengyuanxiang's daily transaction volumes both exceeded 10 million yuan, while Huanggulin, Qingdao Beer and U.S. and Canada's net daily growth rate exceeded 100%. (E-commerce News)

　　2. May Day Douyin data report: There are 3,182 creators on Douyin to bring goods to Hubei

　　According to May 6, during the May Day holiday, a total of 3,182 creators on Douyin brought goods to Hubei, helping 945 Hubei merchants achieve online sales. Among them, the three most popular and best-selling local specialties in Hubei are Zhou Hei Ya, Xiangyang Mushroom Beef Sauce and Yubaosong Flower Egg.

　　In addition, due to the impact of the epidemic, a large number of domestic industrial belt stalls cannot export foreign trade orders normally, and many merchants choose to expand domestic demand through live broadcasts. According to statistics, over 23,000 commercial stores with clothing, leather goods and other industries were broadcasting live on Douyin to find new business opportunities. (E-commerce News)

　　3. Zhang Jindong: Suning.com will shift from the layout level to the operation level this year

　　According to May 6, today, Zhang Jindong, chairman of Suning.com Group, said at an online performance briefing that in 2020, Suning.com will focus on creating results, shift from the layout level to the operation level, focusing on retail business, logistics business and backend capacity building. According to reports, Suning.com has completed the transformation and transformation of smart retail, switching from the electrical appliance market to the full category market. Suning.com's first quarter report for 2020 shows that in the first quarter, Suning.com achieved operating income of 57.839 billion yuan, a year-on-year decrease of 7.07%; net profit attributable to shareholders of listed companies was a loss of 551 million yuan, a year-on-year decrease of 505.45%. (Home appliance network)

　　4. Postal Bureau: During the May Day holiday, 1.102 billion express delivery items were collected and 1.038 billion were delivered.

　　According to data from the Postal Industry Safety Supervision Information System of the State Post Bureau, from May 1 to 5, the national postal industry collected a total of 1.102 billion express parcels, an increase of 41.8% year-on-year; and delivered 1.038 billion express parcels, an increase of 38.93% year-on-year. (Economic Daily)

　　5. China Literature’s new management: The personal rights of the copyright belong to the author, and the free payment model is selected by the author.

　　This afternoon, the new management teams such as Cheng Wu, President Hou Xiaonan, Editor-in-Chief Yang Chen and other new management teams attended the first writer's talks with many writers. In-depth discussions were held on issues in the fields of business rules such as the online literature ecology, the optimization of the creative environment, and the recently attracted much attention.

　　Regarding the most popular "copyright" clause, writers generally point out that there are unreasonable and inhumane aspects. Cheng Wu made it clear that in fact, copyright includes two parts: copyright personal rights and copyright property rights. The personal right of the author is an untransferable and inalienable right of the author and is unique to the writer. China Literature will never share or obtain such rights in any way. For copyright property rights, including various derivative rights such as adaptation copyright, the author's authorization will be matched with the corresponding rights and interests under the premise of voluntary provisions of both parties.

　　Regarding the paid and free models, Hou Xiaonan admitted, "The mechanism for free reading is still being discussed. Paid reading must continue to be consolidated and expanded. In the future, when considering the free model, there will be clear writer benefits. At the same time, different work content libraries need to be planned for paid and free, and different product channels and corresponding income systems are matched. Of course, no matter which model, the writer will choose independently." (Zhitong Finance)

　　Internet Information

　　6. IDC: Xiaomi smartphones account for 10.6% of China's market share in Q1

　　On May 6, according to the quarterly tracking report of IDC mobile phones in international data company, in the first quarter of 2020, the shipments of China's smartphone market were about 66.6 million units, a year-on-year decrease of 20.3%. In terms of market share, the top five manufacturers are Huawei, vivo, OPPO, Xiaomi and Apple. Among them, Xiaomi's smartphone shipments in the quarter were 7 million units, with a market share of 10.6%, while the market share of 12.7% in the same period last year. (E-commerce News)

　　7. Huawei and US companies are expected to return to the right track of 5G standard formulation

　　On May 7, a representative of a Chinese manufacturer who participated in the formulation of 5G standards told reporters that Huawei has always been strongly involved in the formulation of 5G standards. It’s just that you can’t communicate (with American companies) alone, but you can communicate freely at the conference. (Titanium Media)

　　8. 36Kr announced a stock repurchase plan, and management extended the stock lock-up period for 180 days

　　On May 7, 36Kr (Nasdaq: KRKR) announced that it has approved and authorized the release of a stock repurchase plan, which plans to repurchase 1000,000 American Depositary Receipts (ADS). Each ADS represents 25 shares of the company's common shares. The share repurchase will be carried out in the open market at the current market price or through other legal licensing methods. The repurchase plan will be implemented in accordance with relevant rules and trading policies after the release of the first quarter 2020 financial report or before June 30, 2020. (Titanium Media)

　　9. PayPal's revenue in the first quarter was US$4.6 billion, and its net profit fell by 87% year-on-year.

　　On May 7, payment service provider PayPal released its first quarter financial report for fiscal year 2020 today. The report shows that PayPal's net revenue in the first quarter was US$4.618 billion, an increase of 12% from US$4.128 billion in the same period last year, and the impact of excluding exchange rate changes was a year-on-year increase of 13%; net profit was US$84 million, an decrease of 87% from US$667 million in the same period last year. (Titanium Media)

　　Cross-border e-commerce

　　10. Xiongan New Area and other 46 urban areas have been approved to set up cross-border e-commerce comprehensive pilot zones

　　According to May 6, the State Council recently issued the "Approval on Agreeing to Establish a Comprehensive Pilot Zone of Cross-border E-commerce in 46 Cities and Regions, including Xiongan New Area", and agreed to establish a Comprehensive Pilot Zone of Cross-border E-commerce in 46 Cities and Regions, including Xiongan New Area, Datong City, Manzhouli City, Yingkou City, Panjin City, Jilin City, Heihe City, Changzhou City, and Lianyungang City. (E-commerce News)

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