May 25 E-commerce Morning News

　　#Laogao E-commerce Newsletter# [May 25 E-commerce Morning News] Luxury brand Balenciaga has settled in Tmall; NetEase and JD.com will be listed in Hong Kong for a second time, raising a total of US$5 billion; Apple's sales in China recovered: 3.9 million iPhones sold in China in April; Lei Jun talked about the competition between Xiaomi and Gree: willing to join the process of promoting the upgrading of China's manufacturing industry; Zong Qinghou: Wahaha wants to embrace e-commerce, but insists on not spending money to buy traffic...

　　E-commerce newsletter

　　1. Alibaba: Local life service revenue in fiscal year 2020 reached 25.44 billion yuan, a year-on-year increase of 41% .

　　According to May 23, Alibaba released its fourth quarter and full-year financial report for the 2020 fiscal year ended March 31, 2020 yesterday. According to the financial report, in terms of local life services, revenue in fiscal year 2020 increased by 41% year-on-year to 25.44 billion yuan. Alibaba said that it is mainly affected by the increase in the delivery order volume and average order value. (Alibaba Group official website)

　　2. Luxury brand Balenciaga enters Tmall

　　On May 24, according to Beijing Business Daily, luxury brand Balenciaga has officially settled on Tmall recently and announced the exclusive launch of Speed ​​2.0 series sneakers worldwide. The Balenciaga Tmall store will be the brand’s only third-party platform online official flagship store. The store will provide the brand’s new seasonal styles and classic series, including ready-to-wear, shoes, men’s and women’s bags, and accessories. Currently, the store has 46,411 followers. (E-commerce News)

　　3. Jingrui Online reaches strategic cooperation with Tmall

　　On May 23, Jingrui Online and Tmall recently cooperated to hold the "Zhenrui Online Product Upgrade Conference". At the meeting, according to Hong Ju, CGO of Jingrui Education Group, Jingrui Online and Tmall signed a strategic cooperation agreement on May 21, and Tmall will provide traffic support, resource promotion support, etc. for Jingrui Online promotion. (Blue Whale Finance)

　　4. Reuters: NetEase and JD.com will be listed in Hong Kong for a second time, raising a total of US$5 billion

　　According to Reuters, NetEase and JD.com will both go public in Hong Kong in June. In addition, sources revealed that the two transactions will raise a total of US$5 billion. (Titanium Media)

　　5. Zhou Hongyi: Companies should actively pay attention to market changes and want to try live streaming to sell goods

　　Zhou Hongyi, member of the National Committee of the Chinese People's Political Consultative Conference and chairman and CEO of 360 Group, said in an interview that even in the most prosperous era of the economy, some people lose money, and in the most depressed era of the economy, some people make money, so companies should actively pay attention to market changes and actively adapt. For example, live streaming sales are very popular now, and many companies have joined the ranks of selling goods. Zhou Hongyi said that he is also interested in trying. (China Business Network)

　　Internet Information

　　6. Apple's sales in China recovered: 3.9 million iPhones sold in China in April

　　According to reports on May 25, Apple sold 3.9 million iPhones in China in April, an increase of 160% from 1.56 million in March, of which the contribution of the new iPhone SE can account for nearly 25% of sales. Apple sells merchandise through several official retail stores, including Tmall’s official flagship store.

　　According to data from e-commerce technology and marketing company WPIC, the amount of products sold by Apple through its Tmall official flagship store in April this year increased by 40% year-on-year to US$127.4 million. iPhone sales achieved through Tmall increased by 33% month-on-month to more than US$80 million. (Silicon Valley Analytics Lion)

　　7. Yunda Express strategically invests in Debang Express, accounting for about 6.5% of the shares

　　On the afternoon of May 24, Debang Co., Ltd. issued an announcement stating that in order to effectively implement the determined development strategy, the total amount of funds raised will not exceed RMB 614 million (including RMB 614 million). The only subscription object for this public offering is Ningbo Meishan Bonded Port District Fushan Investment Co., Ltd. (hereinafter referred to as "Fushan Investment"), which is a wholly-owned subsidiary of Yunda Co., Ltd., and the three parties jointly signed a strategic cooperation agreement with conditions to take effect. After the completion of this private placement, the controlling shareholder of the listed company will still be Debang Holdings, and Fushan Investment, a wholly-owned subsidiary of Yunda Co., Ltd., is expected to hold a total share capital of approximately 6.5%. (Interface News)

　　8. Lei Jun talks about the competition between Xiaomi and Gree: willing to join in the process of promoting the upgrading of China's manufacturing industry

　　During the Two Sessions, Lei Jun responded to the competition between Xiaomi and Gree in an interview with the media, "I think if this competition helps the entire China's manufacturing industry become stronger, I am quite willing to accept the contract renewal." Xiaomi's sales in 2019 and the first quarter of this year have exceeded Gree, and Xiaomi is very willing to join the process of promoting further upgrading of China's manufacturing industry. (Economic Daily)

　　9. Zong Qinghou: Wahaha wants to embrace e-commerce, but insists on not spending money to buy traffic

　　In an interview, Zong Qinghou said that he is not completely opposed to e-commerce, but he has to take due responsibilities to do these things. For example, when operating e-commerce, you cannot damage the entity or the original distribution system by burning money. Wahaha announced in April that it would build four e-commerce platforms, with billions of dollars expected to invest. (Daily Economic News)

　　Cross-border e-commerce

　　10. Twitter and WhatsApp may face European sanctions due to social platform privacy issues

　　According to foreign media reports, Europe may soon launch sanctions on Twitter and Facebook's WhatsApp around data protection issues. The Irish Data Protection Commission said that in response to the Twitter data breach, a draft was determined on May 22, and the commission called on other EU countries to sign and agree on the draft. The committee also stated that the draft decision was completed when investigating the transparency of WhatsApp data sharing. As required, Facebook services must comment on any sanctions raised and then facilitate assessments by EU countries. (Sina Technology)

 Click to register < a> Apply to join the well-known domestic e-commerce network - Laogao E-commerce Club. All businesses, Tmall merchants, Taobao Crown Stores, Jinguan Stores, and other e-commerce platform merchants can apply to join! < a>

,