1. SF Express's "Exclusive Express" service expands overseas.

On November 13th, SF Express Vietnam officially launched its "Exclusive Express" service in Vietnam. This marks the first time that SF Express's Exclusive Express product has ventured beyond China, making its debut in Vietnam. The service is tailored for customers in Vietnam who require urgent transportation of heavy goods (20 kilograms or more) between Ho Chi Minh City and Hanoi, offering high-quality door-to-door express delivery.

The service promises delivery within 8 to 16 hours after ordering, with a refund of the shipping fee proportionate to the delay if it exceeds the promised time. Additionally, it provides dedicated 1-to-1 customer service support and allows orders to be placed 24 hours a day. SF Express Vietnam will also introduce air express and land express products for shipments weighing over 20 kilograms within Vietnam. It's worth noting that SF Express has already established multiple branches in Vietnam, including in Hanoi, Ho Chi Minh City, Pingxiang, Haiphong, and Henan, as of 2023.

Source: SF Express

2. New developments in Cainiao's IPO.

On November 13th, the China Securities Regulatory Commission issued supplementary materials for overseas issuance and listing, which include requirements for Cainiao Smart Logistics Network Limited. Cainiao is required to provide additional explanations on six aspects: equity structure, equity incentives, control structure, standardized operation, independence, and split arrangements.

Source: The Paper

3. YAT Express' Guangzhou Nansha Bonded Warehouse officially opens.

On November 13th, YAT Express' Guangzhou Nansha Bonded Warehouse officially opened. This warehouse offers integrated and comprehensive cross-border e-commerce supply chain services, including warehousing, sorting, packaging, customs clearance, and distribution, for cross-border e-commerce enterprises and cross-border cargo owners.

Source: YAT Express

4. SHEIN's net profit is expected to reach $2.5 billion this year.

According to sources cited by foreign media, domestic cross-border e-commerce giant SHEIN is expected to achieve a net profit of $2.5 billion this year, a significant leap from $137 million in 2019. The sources further indicated that SHEIN is preparing for an IPO with a target valuation of $80 billion to $90 billion. However, due to market fluctuations, the related review is still ongoing, and specific details have yet to be finalized.

Source: 36Kr

5. Temu's monthly GMV has surpassed $1 billion.

On November 13th, according to a report released by Goldman Sachs in October, Temu's monthly Gross Merchandise Volume (GMV) has exceeded $1 billion, with continued growth expected in the second half of the year. Since its launch in the United States in September last year, Temu has rapidly expanded its presence in global markets and has now established a presence in over 40 countries and regions worldwide. The latest data from data.ai also shows that since entering Japan and South Korea in July, Temu's downloads in these two countries have grown rapidly, securing the top position in the download rankings.

Source: iyiou.com

6. Alibaba's Double 11 Sales Begin: Cainiao Ships from 16 Cross-Border Warehouses Simultaneously

On November 13th, the overseas Double 11 event by Alibaba officially began at 4 p.m. on November 11th. Cainiao International Express initiated shipments from 16 cross-border selected warehouses simultaneously, ensuring that packages reach consumers in countries like the UK, Spain, and the Netherlands within five working days.

It is reported that this year's overseas Double 11 event saw a tenfold increase in inventory levels at Cainiao selected warehouses compared to last year. Significant growth in stocked goods was observed at warehouses in Hangzhou, Dongguan, and Shandong. The newly added inventory mainly comes from Alibaba's full-service and semi-full-service businesses, with most goods destined for countries covered by the "Five-Day Delivery" service. During the Double 11 period, Cainiao operates over 210 charter flights per week, flying to destinations worldwide, and facilitates intelligent customs clearance at over 100 ports globally, comprehensively enhancing efficiency from domestic collection, international air transport, customs clearance, and local delivery.

Source: Cainiao International

7. Dunhuang Network Adjusts Fifth Batch of Logistics Routes

On November 13th, Dunhuang Network announced the delisting of offline routes in the fifth phase. The announcement stated that to ensure a better shopping experience for platform buyers and comply with platform seller-certified route policies, the platform will gradually delist non-platform seller-certified logistics routes on the waybill filling page. To avoid orders being unable to fill in the waybill, please use seller-certified routes or DHlink routes for shipment and fill in the logistics tracking number.

Source: Institute of ZhiMeiTong Research

8. DFDS Reveals Latest Performance: Q3 Revenue Reaches $11.43 Billion

On November 13th, DFDS Group released its third-quarter performance. In the third quarter, DFDS achieved operating revenue of $11.43 billion, a year-on-year decrease of 42.6%. Earnings before interest, taxes, depreciation, and amortization (EBITDA) amounted to $2.00 billion, a year-on-year decrease of 78.2%. Net profit was $390 million, a year-on-year decrease of 94.5%.

Notably, DFDS's freight volume in the third quarter increased by 0.9% year-on-year, reaching 5.72 million TEU. DFDS stated that this was mainly due to the continued growth in freight volume on north-south and short-haul routes, while freight volume on east-west main routes gradually normalized.

Source: China Navigation Weekly

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Cross-border E-commerce Logistics Bai Xiaosheng"