1. SF Express introduces a new "Late Delivery Compensation" service for Amazon sellers.

On November 23rd, SF Express, as an official certified logistics service provider for Amazon, launched the peak season "Late Delivery Compensation" value-added service to help cross-border sellers harvest more sales during the peak season. The "Late Delivery Compensation" service is mainly targeted at sellers using Amazon's online "Purchase and Delivery" service. During the promotional period from November 15th to December 31st, sellers using SF Express International E-commerce Express - Priority CD or International E-commerce Express - CD products from China to the United States can enjoy a 10% discount on shipping fees. SF Express promises delivery within 10 and 13 working days respectively. In case of late delivery, compensation will be provided for the shipping fees, with a maximum compensation amount of 300 RMB per shipment. Since 2022, SF Express has partnered with the Amazon platform to complete online docking for purchase and delivery services from China to the United States, providing online shipping services for Amazon's self-delivery sellers.

Source: SF Express Group

2. SF Express and China Post are listed in Fortune's 2023 list of the most admired Chinese companies.

On November 23rd, Fortune magazine released the "2023 List of Most Admired Chinese Companies" and the "2023 List of Most Admired Chinese Company Industry Stars." In the postal and express delivery field, SF Express appeared on both lists, while China Post made it to the "2023 List of Most Admired Chinese Company Industry Stars." Fortune magazine stated that the "Most Admired Chinese Companies List" evaluates the soft power of enterprises. SF Express Holdings, listed on this list, is the largest express logistics comprehensive service provider in China and the fourth largest globally. In the "2023 List of Most Admired Chinese Company Industry Stars," SF Express, China Post, China COSCO Shipping Corporation Limited, China Merchants Group, and China Shipping Group are listed in the transportation, logistics, and shipping industry. In the internet e-commerce field closely related to express delivery, companies such as Alibaba and JD.com also made it to the above list.

Source: Fortune FORTUNE

3. Cainiao's cross-border warehouse stocking volume surges nearly 9 times before Black Friday.

On November 23rd, according to Cainiao International Express data, this year, before Black Friday, the stocking volume of goods in Cainiao's cross-border preferred warehouses increased nearly 9 times compared to last year, with most of the goods being shipped to countries covered by the "Global 5-Day Delivery" service. The "single-day shopping spree" of Double 11 boosted merchants' confidence in Black Friday promotions. According to news from AliExpress, in the Pacific time zone on November 20th, AliExpress launched the largest "Black Friday" pre-sale event, which officially started three days later and will last until November 29th. This year, AliExpress will continue to set up Christmas and winter warmth venues, accurately matching consumers' winter purchasing needs.

Source: Cainiao International

4. Brazil establishes a committee to oversee the tax situation of platforms such as Shein and Shopee.

On November 23rd, the Brazilian Chamber of Deputies established a committee responsible for overseeing the tax situation of foreign companies operating in the e-commerce field, such as Shein and Shopee. The committee will be called the "Special Committee to Prevent and Combat Tax Evasion" and will operate under the leadership of the Chamber of Deputies' Industry, Commerce, and Services Committee. In addition to checking whether companies have paid the taxes they should, the committee will also oversee the tax work conducted by the Federal Revenue Service and other institutions.

Source: Cross-Border Southeast Asia

5. TikTok is planning to invest in Indonesia's largest e-commerce platform.

On November 23rd, TikTok is in talks to invest in Tokopedia, a subsidiary of the GoTo Group in Indonesia, as one of its several choices to re-enter the e-commerce business in its largest market. Tokopedia is Indonesia's largest local e-commerce company, and direct investment in it may help TikTok further ease its relationship with the government. It is reported that the two companies are studying potential investments in Tokopedia, the online retail department of GoTo, which may be completed in the coming weeks. However, the deal may also take the form of a joint venture between the two companies, rather than direct investment. Discussions also involve the two companies jointly establishing a new e-commerce platform. This arrangement aims to address regulatory barriers and revitalize TikTok's online shopping services in Southeast Asia's largest retail market.

Source: Bloomberg

6. Shopee releases a 12.12 promotion product selection guide.

On November 23rd, Shopee released the 12.12 product selection guide, predicting the cross-border hot-selling categories and potential products in markets such as the Philippines, Vietnam, Malaysia, Thailand, Brazil, and Mexico during the 12.12 promotion, helping boost sales during the peak season.

Source: Shopee Cross-Border E-commerce