1. Temu and SHEIN are catching up with Amazon among US users.

On November 14th, a joint survey by the Nikkei and US research firm data.ai revealed that in October, while Amazon's global user base grew by 4% year-on-year, the combined user base of Temu and SHEIN surged to 2.6 times its previous size.

The report indicated a sharp increase in users of Chinese e-commerce platforms such as Temu and SHEIN in the United States. The total user base for these two applications in October reached approximately 110 million people, quadrupling in just one year and approaching 90% of the user base of the largest platform in the United States, Amazon. In terms of the proportion of US users to the global total, Temu accounted for 41% and SHEIN for 18%, both exceeding Amazon's 15%. The new downloads of these two applications in the US currently amount to nearly five times that of Amazon.

Source: Jiemian News

2. Hangzhou Airport International Cargo Station Established, Cainiao and Sinotrans Each Hold 13% and 12% Shares

On November 14th, Hangzhou Airport International Cargo Station Co., Ltd. was established with a registered capital of 80 million yuan. In terms of shareholding, Zhejiang Airport Logistics (a subsidiary of Zhejiang Airport Group) holds 56% of the shares, with an investment of 44.8 million yuan; Xiaoshan Airport (the largest shareholder of Zhejiang Airport) holds 19% of the shares, with an investment of 15.2 million yuan; Cainiao holds 13% of the shares, with an investment of 10.4 million yuan; Sinotrans (under China Merchants Group) holds 12% of the shares, with an investment of 9.6 million yuan. The company is controlled by the Zhejiang Provincial State-owned Assets Supervision and Administration Commission, which owns 75% of the voting rights.

According to the Enterprise Check APP, the company's scope of business includes licensed projects such as public air transportation, road freight transportation (network freight), international road freight transportation, road hazardous goods transportation, customs-supervised warehousing services (excluding dangerous chemicals and hazardous goods), and bonded warehouse operations. General projects include domestic freight forwarding, international freight forwarding, air transportation cargo packaging services, loading and unloading, transportation cargo packaging services, and international air cargo transportation agency services, etc.

Source: Guandian Net

3. ATSG Plans to Reduce Passenger-to-Freighter Aircraft Orders in 2024

On November 14th, at the Air Transport Services Group's (ATSG) e-commerce conference for the third quarter of this year, it was revealed that the company plans to reduce passenger-to-freighter orders in 2024. In addition to the ongoing conversion of a Boeing 767-300, next year, any additional orders for 767-300 freighter conversions will be halted, and six Boeing 767 passenger aircraft purchased on the secondary market will be parked until demand improves.

The company stated that its cargo aircraft management and leasing division currently has 20 aircraft either undergoing or awaiting conversion to freighters, including 13 767-300s. In addition, ATSG's plans for 2024 include deploying 14 converted freighter aircraft on lease, including six 767-300s, five A321s, and three A330s.

Source: aircargo news

4. Lazada Reminds Sellers of New Tax Rates Coming into Effect in Singapore

On November 14th, Lazada stated that, according to regulations by the Singapore government, starting from January 1, 2024, the Goods and Services Tax (GST) in Singapore will be adjusted from 8% to 9%.

Orders placed on Lazada from January 1, 2024, at 00:00 Beijing time will be subject to the new tax rate, and Lazada will use the new tax rate to pay the relevant GST to the Singapore authorities for orders from the LGS and GFC central warehouses, and deduct the corresponding taxes from the seller's bill. Sellers are advised to adjust their prices according to the new tax policy.

Source: Sellers' Home

5. China Post's Postal Group's Subsidiary, Zhongyou Technology, Lists on the Shanghai Stock Exchange's Sci-Tech Innovation Board

On November 14th, Zhongyou Technology officially listed on the Sci-Tech Innovation Board of the Shanghai Stock Exchange with an opening price of 38.00 yuan per share. Zhongyou Technology is the main carrier of the logistics technology sector under China Post's postal group, focusing on the research and development, design, production, sales of intelligent logistics systems, and the design and sales of intelligent special vehicles. The initial public offering of Zhongyou Technology raised 516 million yuan.

Source: Sci-Tech Innovation Board Daily

6. AliExpress: Products Sold to EU and UK Markets Must Meet Label Compliance Requirements

On November 14th, AliExpress announced that, in accordance with EU regulations, products sold to the EU and UK markets must meet label compliance requirements. For products whose qualifications and labels do not meet compliance requirements, the platform has started to implement blocking measures. By December 15th, the platform will block all products that have not completed compliance for the entire EU and UK markets.

The platform will increase protection and support for products that meet EU regulatory requirements. For merchants who still have not fulfilled their obligations for EU and UK market qualifications by November 30th, they will lose the early disbursement rights for sales orders in the EU and UK markets in December, which will be reinstated after January 5th.

Source: Alibaba Global AliExpress

7. Amazon India Lowers Subscription Fees for Amazon Global Selling Program

On November 14th, Amazon India announced a reduction in subscription fees for exporters joining the Amazon Global Selling Program to help Indian sellers successfully establish cross-border businesses. Amazon stated that for sellers joining this program before March 31, 2024, the subscription fee for the first three months will be only $1, after which the fee will revert to $39.99 per month.

At the same time, Amazon also announced that Indian exporters will receive Amazon's Cross-Border Carrier Partner Program (Amazon SEND) services at a lower price. Amazon SEND, launched last year, allows Indian exporters to ship their goods to Amazon fulfillment centers in the United States through cross-border logistics services provided by multiple third-party service providers.

Source: Amazon

8. Shenzhen's Exports to Belt and Road Countries Exceed 600 Billion Yuan in the First 10 Months of This Year

On November 14th, according to Shenzhen Customs statistics, Shenzhen's imports and exports to Belt and Road countries reached 1.06 trillion yuan in the first 10 months of this year, an increase of 10.4% year-on-year, reaching a historical high for the same period. Exports amounted to 627.8 billion yuan, a year-on-year increase of 26.1%, ranking first among mainland cities in terms of export value. Private enterprises are the main force in Shenzhen's imports and exports to Belt and Road countries.

Source: CCTV News

End

Cross-border E-commerce Logistics Bai Xiaosheng"