#Laogao E-commerce Newsletter# [November 20 E-commerce Morning News]

　　#Laogao E-commerce Newsletter# [November 20 E-commerce Morning News Brief] 1 Yao.com's revenue in Q3 2020 was 2.36 billion yuan, a year-on-year increase of 112.8%; China Mobile will launch a mobile phone super SIM card that can be used as a transportation card, car key, etc.; Apple announced that it would pay 740 million yuan to iPhone users; Dada Group achieved revenue of 1.302 billion yuan in the third quarter, and its revenue growth exceeded market expectations; Xie Xin, vice president of ByteDance: Chinese Internet companies can also do a good job in internationalization...

　　E-commerce newsletter

　　1. Xie Xin, Vice President of ByteDance: Chinese Internet companies can also be internationalized

　　According to November 19, during today's "Internet Forum" session of Yabuli Annual Meeting, ByteDance Vice President Xie Xin attended and said that in the past, Chinese Internet companies were relatively difficult to internationalize, and they had to rely more on cost advantages. Now China not only has cost advantages, but also can build better through the product itself. In the international market and local countries (including the United States), China may also win in the high-tech field. (E-commerce News)

　　2. 1 Yao.com's revenue in Q3 2020 was 2.36 billion yuan, a year-on-year increase of 112.8%.

　　On November 19, 1 Yao.com released its third quarter financial report for 2020. The financial report showed that 1 Yao.com achieved net revenue of 2.36 billion yuan in Q3, a year-on-year increase of 112.8%; Non-GAAP net loss was 94.4 million yuan, compared with 109.7 million yuan in the same period last year, and the percentage of net loss as net income continued to narrow, reducing from 9.9% in the same period last year to 4.0%; operating expenses in the quarter were 212 million yuan, a year-on-year increase of 28.2%. (E-commerce News)

　　3. US retail giant Macy's revenue in the third quarter was US$3.99 billion

　　On November 19, US retail giant Macy's said it had revenue of US$3.99 billion in the third quarter, with market expectations of US$3.8 billion, compared with US$5.173 billion in the same period last year. A loss of $0.29 per share in the third quarter was expected to lose $0.9, and a profit of $0.01 in the same period last year. (E-commerce News)

　　4. Tianjin will promote recyclable packaging in the express delivery industry

　　On November 19, the Tianjin Postal Administration recently issued an announcement stating that it has officially issued the "Implementation Opinions of the Municipal Postal Administration Bureau and Municipal Bureau of Commerce on Coordinating the Promotion of E-commerce Delivery Packaging Governance", which will help promote the reduction of excessive packaging, accelerate the recycling of e-commerce delivery packaging waste, and promote the application of recyclable packaging. (E-commerce News)

　　5. Dada Group achieved revenue of 1.302 billion yuan in the third quarter, and its revenue growth exceeded market expectations.

　　After the US stock market on November 19, Dada Group released its third-quarter performance report. According to the financial report, Dada Group's net revenue increased by 85.5% year-on-year to 1.302 billion yuan (RMB), higher than Bloomberg's consensus estimate (1.286 billion yuan), and in line with the previously given guidance range. In the 12 months ended September 30, 2020, the annual delivery order volume through Dada Express was 1 billion, an increase of nearly 60% year-on-year from 636 million in the same period last year; JD.com Daojia's annual GMV contributed by the year increased to 21.3 billion yuan, a year-on-year increase of 102.9%; in the third quarter, the annual active users increased from 21.1 million to 37.3 million. (Europe)

　　Internet news

　　6. Qiancheng Wuyou's revenue in the third quarter was 900 million yuan, and net profit fell by 42% year-on-year.

　　Qiancheng Wuyou released its unaudited financial report for the third quarter of fiscal year 2020 ended September 30 today. The report shows that Qiancheng Wuyou's net revenue in the third quarter was RMB 906.1 million (approximately US$133.5 million), a decrease of 8.4% compared with RMB 989.0 million in the same period last year; net profit was RMB 173.3 million (approximately US$25.5 million), a decrease of 42% compared with RMB 300.2 million in the same period last year. (Sina Technology)

　　7. China Mobile will launch a mobile phone super SIM card that can be used as a transportation card, car key, etc.

　　On the 19th, at the media communication meeting of China Mobile Global Partner Conference, a relevant person in charge of China Mobile Internet Co., Ltd. said that China Mobile will focus on creating three basic portals for number, card and message in the 5G era. The card is a super SIM card, which can be used as a meal card, access control card, transportation card, or as a car key or 5G electronic signature, large-value transfers, etc. (Europe)

　　8. Apple announced that it would pay 740 million yuan to iPhone users

　　California Attorney General Becerra announced on November 18 local time that Apple has reached a settlement agreement of US$113 million (about RMB 740 million) with more than 30 states in the United States. Earlier, the company was accused of misleading consumers in software updates to some of the iPhone series products, deliberately slowing down the phone to extend battery life. The scope of this settlement includes US users of the iPhone 6 series, iPhone 7, iPhone 7 Plus or iPhone SE running on iOS 10.2.1 or later operating systems. (China News Service)

　　9. Report: Ctrip Live brings more than 2 million high-star hotels in Asia-Pacific

　　On November 19, Ctrip Tourism Big Data Joint Laboratory recently jointly released the "Re-experience of China's Beauty: 2020 Domestic Tourism Revival Big Data Report". The report shows that Ctrip Live has brought more than 2 million high-star hotels in the Asia-Pacific region, and the pre-sale product write-off rate reaches 50%. The order data of Ctrip's free travel products in November showed that the proportion of users who choose to stay in 5-star hotels exceeded 70%. (E-commerce News)

　　Cross-border newsletter

　　10. AliExpress Announcement: "Ten-Day Cross-border Delivery" Plan is launched for more countries

　　On the 19th, Hugo.com learned that AliExpress platform issued a notice on the launch of more countries on the "cross-border ten-day delivery" plan. The original text of the announcement is as follows:

　　“跨境十日达”计划自2020年7月在西班牙、法国正式上线以来，广大国内商家和当地消费者普遍反馈参加“跨境十日达”计划的订单稳定性和时效性显著提升，十日达商品曝光转化持续向好，对于成交的促进作用明显。

　　Based on the "cross-border ten-day delivery" of Spain and France, AE and Rikyu continued to work hard and officially launched the "cross-border ten-day delivery" plan of the Netherlands and Belgium. (Hugo)

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