Zhang Jie Analysis of the price war of electric dealers

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China Economic Network August 15 (reporter Wang Lek generous) for several months the growing electricity price war, finally in the 9 o'clock in the morning today ushered in a climax, the goal is directed to "everyone electric bottomless limit cheap." In this respect, China Economic network commentator Zhang Jie in the "I Finance" program to make an analysis,

He thinks this is a "survival war", win the first can get good benefits, in the second is basically flat, the third below will all "dead" off.

Zhang Jie said: "E-commerce and ordinary business has a big difference, general business has geographical, time, distance, space differences, but e-commerce can be for all." This means that the greater the electricity quotient, the stronger. And a business in the end to do much, is determined by its scale efficiency and management costs. Because the management cost of E-commerce is zero, so when the scale of the benefit will be unlimited amplification, the opponent will only die. The current electric dealer price war is actually a survival war, as long as this battle won, and then other businesses can not catch up. In the electricity business survival rule, only first can obtain the good benefit, the second basically is flat, the third below all "dies" drops. Because anyone who goes to the electric dealer to go shopping, is willing to find a all-inclusive. At this time the winner's cost advantage, scale advantage will be completely released. ”

Zhang Jie finally pointed out that, "at present, Jingdong Mall has the suspicion of illegal competition, it is called" 0 gross margin "is how much money to buy back how much money to sell, but the cost of sales is certainly to be a loss, such a lower cost of sales, is" anti-unfair competition law "prohibited

, is to be punished. ”

The following is the content of this news article:

"Broadcast" first of all, to look at the financial headlines.

In the last few months, the increasing price war of electric dealers has finally ushered in a climax at 9 o'clock in the morning today, aiming at "everyone has cheap electricity." Things from yesterday, Jingdong Mall CEO Liu through micro-blog said, Jingdong Mall all the electricity will be in the next three years to maintain 0 gross margin, and to ensure that more than Gome, suning chain cheaper than at least 10%. When this remark, immediately drew opponents to counterattack. Suning easy to Buy, Gome, Dangdang, Xun network and other electric dealers have said that they will participate in the price war to varying degrees, so the so-called "China's history of the largest, the most brutal fight blood" so opened the prologue.

However, according to the Oriental Network news, this price war after 9 o'clock in the morning today, 9:05 suning easy to buy the page will not open, Jingdong Mall's page is not smooth. But Liu on Weibo revealed that the war 20 minutes, Jing Dong Everyone received nearly 50 million orders.

In this regard, economist Ma Guangyuan that for the fledgling e-commerce in China, the market space is quite large, there is no need to win the market share through a life-and-death war. "The first financial daily" analysis that, whether the east or Su Ning, are facing a lot of financial pressure. The price war may be the war between the two "poor".

"Reviews" Zhang Jie

"Cross-examine 1" for the price war, many netizens on the sidelines, but also on Weibo called on the domestic property developers as well as PetroChina, Sinopec can also imitate the electricity industry launched a price war, the prices, prices down. But Ren Zhiqiang responded that the combination should be expensive. What do you think of this call reprehensible?

"Cross-examine 2" In addition, not only is the electricity quotient in the competition, "Daily Economic News (blog, Weibo)," an article reported that the marriage dating site century Jiayuan and lily Nets recently also played a "war of words", the article analyzed that this is mainly because of the homogeneity of both sides of the phenomenon of serious. Do you think so? is the root of the electric-commercial war a homogenous one? Where is the way out of the industry's development?

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[I finance] January 2012-July Edition

[I finance] 2011 edition

Everyone is involved in the achievement of "I finance". Hello everyone, I am Zhao, first of all to look at the number of clicks generated by netizens "Finance this list."

1, "guide" the growing price of electricity dealers today ushered in a climax, Jingdong Mall said, 20 minutes received nearly 50 million of the order. Later, the commentator Zhang Jie bring comments.

"Broadcast" Comprehensive Ten Financial Network (blog, micro-bo) station, "Finance this list" the second to fifth news is:

2, "guide" July foreign exchange accounted for a net reduction of 3.8 billion yuan, the analysis that the liquidity "feast" is about to take a bow, the currency channel may change.

3, "guide" July A-share market value evaporation nearly 840 billion, a number of experts said that a more profound a-share reform imminent.

4, "guide" Bank of Jiangsu "leakage Door" incident appeared in a new version, the Yi-hui company said it is they to Jiangsu Bank to provide customer information.

5, "guidance" in the development and management of North Korea's two economic zones began to enter the real stage of development.

"Broadcast" first of all, to look at the financial headlines.

In the last few months, the increasing price war of electric dealers has finally ushered in a climax at 9 o'clock in the morning today, aiming at "everyone has cheap electricity." Things from yesterday, Jingdong Mall CEO Liu through micro-blog said, Jingdong Mall all the electricity will be in the next three years to maintain 0 gross margin, and to ensure that more than Gome, suning chain cheaper than at least 10%. When this remark, immediately drew opponents to counterattack. Suning easy to Buy, Gome, Dangdang, Xun network and other electric dealers have said that they will participate in the price war to varying degrees, so the so-called "China's history of the largest, the most brutal fight blood" so opened the prologue.

However, according to the Oriental Network news, this price war after 9 o'clock in the morning today, 9:05 suning easy to buy the page will not open, Jingdong Mall's page is not smooth. But Liu on Weibo revealed that the war 20 minutes, Jing Dong Everyone received nearly 50 million orders.

In this regard, economist Ma Guangyuan that for the fledgling e-commerce in China, the market space is quite large, there is no need to win the market share through a life-and-death war. "The first financial daily" analysis that, whether the east or Su Ning, are facing a lot of financial pressure. The price war may be the war between the two "poor".

"Reviews" Zhang Jie

"Cross-examine 1" for the price war, many netizens on the sidelines, but also on Weibo called on the domestic property developers as well as PetroChina, Sinopec can also imitate the electricity industry launched a price war, the prices, prices down. But Ren Zhiqiang responded that the combination should be expensive. What do you think of this call reprehensible?

"Cross-examine 2" In addition, not only is the electricity quotient in the competition, "The Daily economic news" An article reported, the marriage dating website century good margin and the lily net recently also big dozen "the saliva war", the article analysis said this mainly is because both sides homogenization phenomenon is serious. Do you think so? is the root of the electric-commercial war a homogenous one? Where is the way out of the industry's development?

"Broadcast" to continue to look at the financial news of the second place in this list.

Tied to the central bank for nearly a decade of foreign exchange accounted for the "rope", the recent emergence of loosening signs. The data released yesterday by the central bank showed that the balance of foreign exchange accounts for financial institutions decreased by 3.8 billion yuan in July compared with the end of June, the first financial daily reported. In fact, the first 7 months of the 2012-year period, the data on foreign exchange accounts have not been ideal, the first 7 months of foreign exchange accounted for only an increase of about more than 290 billion yuan, the monthly average of less than 50 billion yuan, more than the previous level of 300 billion or 400 billion significantly reduced.

In this regard, there is analysis that this sudden drop in data means that the central bank has finally ditched the "baggage" of foreign exchange accounts, and more than 10 years of active and passive liquidity "feast" is about to take a bow, and it also means that the supply of liquidity and supply levels in China will change significantly, because according to a person familiar with the matter, The central bank may buy and sell bonds in the two tier market, which may be an important channel for future launch of the base currency.

"Reviews" Zhang Jie

"Cross-examine" In addition to July foreign exchange accounting data, "Shanghai Securities Newspaper," the article also believes that yesterday, reverse repurchase continued volume price stability, railway debt, National Electric Branch Ring company debt deferred issuance, the three signs of superposition may be back to the expected rise and fall, then you have a what kind of judgment?

"Broadcast" to continue to look at today's financial third-place news.

We turned our eyes to the securities market, and related reports boarded the list of major financial websites today. Look at it in detail.

The stock index "fall and Fall", financing "bloodthirsty", a-share seems to have become a "rich machine" many people in the industry to accept the "economic reference newspaper" interview, so described the current a-share market. Statistics show that in the past July, a-share performance of the global Countdown, the Asia-Pacific bottom. In one months, the share market value of the shares rapidly evaporated nearly 840 billion, individual investor investment prosperity continued to fall. In contrast with this, the financing, refinancing, reduction of industrial capital, the "bloodthirsty frenzy" is still continuing. A-share 69 companies in the first half of the refinancing amount of more than 150 billion, 796 companies, the net reduction in the amount of senior executives is nearly 8 billion. An old investor laments that if the listed companies Skinflint, investors can not even enjoy the dividends, then why talk about "value investment"? In this respect, many experts pointed out that in the face of the financial function of a step-by-step distortion, to truly realize the transformation from financing to investment market, we must carry out a more profound a-share reform.

"Reviews" Zhang Jie

"Cross-examine" The same stock market news, the one-month suspension of the central group (000039, shares bar) yesterday issued a notice, plans to release the already issued B-share conversion listing, and is introduced in the Hong Kong Stock Exchange on the main board listing and listed transactions. What do you think will be the impact of this project if it can be successfully completed? Will it create a new development model for B-share?

"Broadcast" good, we have a little rest, after the advertisement back immediately.

"Broadcast" continue to look at the fourth place in the financial news.

Jiangsu Bank and the Yi-Hui Information Consulting Co., Ltd. "leaked door" incidents continue to ferment. Earlier, the media reported that from February to April this year, the Bank of Jiangsu in the absence of business relations with customers, the case, inquires the personal credit report of more than 30,000 people, and some of the results provided to the letter to the company, the impact of a number of areas across the country. To this end, Jiangsu Bank by the Central Bank Shanghai Branch informed criticism, and ordered rectification. But by August 14, yesterday, there was a new version of the document that was quite different from that of the central bank, which, in an interview with the Daily economic news, said that the customer information was provided by the letter of credit to the Bank of Jiangsu, and that the letter was not illegal in the process. Jiangsu Bank also responded that the customer information provider is indeed the appropriate letter company. So, what is the truth? Some analysts believe that, so far, the more than 30,000 customer information by WHO to provide, is not sure, but it is certain that uninformed customers most "injured."

"Reviews" Zhang Jie

"Cross-examine" We see, the media also reported that the bank of Jiangsu because of the "leak door" incident, the credibility of the community has been questioned, which may be the future of Jiangsu Bank's IPO cast a shadow. What do you think?

"Broadcast" Finally, to see the fifth place in the list of news.

New news has been heard in two North Korea's economic zones jointly developed and administered by China and North Korea. Xinhua reported that the third meeting of the Joint Steering Committee of the two economic zones was held in Beijing in 14th. China's Minister of Commerce Chen Deming and the North Korean Labor Party administration Minister Jang-Sung jointly chaired the meeting, the Joint Steering committee member units of the relevant officials attended the meeting.

The two sides agreed that with the joint efforts of the two Governments and enterprises, the development cooperation of the two economic zones has achieved remarkable results and entered the stage of substantial development. The two sides have jointly compiled and completed the relevant planning outline. To this end, the DPRK has also specifically revised the "Rason Economic and Trade zone Law", and formulated the "Huang Jinping, Granville Island Economic Zone law."

"Reviews" Zhang Jie

"Cross-examine" said the end of today's 5 news, and finally to pay attention to a hot topic today how to refine the rich? "Huaxi Metropolis Daily" reported that a recent web site to do a survey, the results show that half of the rich came from the General college, and nearly half engaged in IT industry. If so, what do you think this means?

"Broadcast" program at the end, let's review the financial news that netizens are most concerned about today.

1, "guide" the growing price of electricity dealers today ushered in a climax, Jingdong Mall said, 20 minutes received nearly 50 million of the order.

2, "guide" July foreign exchange accounted for a net reduction of 3.8 billion yuan, the analysis that the liquidity "feast" is about to take a bow, the currency channel may change.

3, "guide" July A-share market value evaporation nearly 840 billion, a number of experts said that a more profound a-share reform imminent.

4, "guide" Bank of Jiangsu "leakage Door" incident appeared in a new version, the Yi-hui company said it is they to Jiangsu Bank to provide customer information.

5, "guidance" in the development and management of North Korea's two economic zones began to enter the real stage of development.

"Broadcast" "I Finance" in the news has your click, we are seeking to resonate with you. See you next episode.

"Broadcast" We enter the "Stock Market quick review" link.

Today, our telephone line analyst is Liu Zhi, a senior investment advisor for Citic Venture Capital securities. Liuxiansen Hello.

1, this week's transaction has more than half, you on the market trend of short-term market what to judge?

2. What are your suggestions on the operation of the investors? Which sectors can focus on?