1. SF Express has already expanded its presence into multiple emerging markets.

News on December 4th revealed that according to Yu Guoyou, head of international business development at SF Holdings, one of the purposes of SF's listing in Hong Kong is to expand its international business. By leveraging capital to build more overseas networks and invest in fleets, the growth rate of its international business is expected to far exceed its current domestic growth rate, rapidly scaling up the international business. Apart from the Asia-Pacific region, there are significant market development opportunities in countries along the Belt and Road Initiative. In addition to traditional markets like Europe and the United States, including the Middle East, South America, Africa, and others, all have considerable potential markets. SF Express has already begun to explore these regions.

Source: The Paper

2. SF Express has opened a total of 54 domestic and international freight routes in Ezhou.

According to SF data as of the end of October 2023, SF Express has opened 44 domestic freight routes and 10 international routes in Ezhou. Nearly 90 cargo flights take off and land at the airport every day. With the rapid expansion of its route network, SF Express's domestic and international inbound and outbound cargo volume at Ezhou Huahu Airport has exceeded 100,000 tons. Leveraging the Ezhou hub to create a "hub-and-spoke" route network, SF Express can cover 90% of the national economic aggregate areas within 1.5-2 hours of flight.

Source: Beijing Business Daily

3. UPS expands access point network in the UK.

News on December 4th reveals that United Parcel Service (UPS) is expanding its access point network, UPS Access Point, in the UK in collaboration with intelligent locker suppliers Quadient and OOHPod. Before the peak holiday shipping season, 400 new delivery locations will be activated. PayPoint and Parcelly stores will also join UPS's transportation and receiving service network in the UK.

In the UK, UPS has 400 self-service lockers and over 5,000 stores, and it has over 35,000 similar service points in Europe, making it convenient for users to pick up their items. It is expected that the number of self-service points will continue to increase by the end of 2024 to meet the needs of users for returns and online shopping.

Source: State Post Bureau

4. TikTok to invest over 12 billion euros in Europe over the next 10 years.

On December 4th, TikTok announced the implementation of "Project Clover" in Europe, aiming to provide data protection for over 150 million European users. "Project Clover" includes the establishment of two data centers in Ireland and one in Norway to store European user data locally. One data center in Ireland has already been put into operation and started storing user data earlier this year.

Source: Tonghuashun Finance

5. SHEIN's global monthly traffic reaches 214 million visits.

On December 4th, SHEIN's global monthly traffic reached approximately 214 million visits, followed by Nike and Zara, with both averaging over 110 million visits per month. According to Statista data, from January 1st to October 10th of this year, SHEIN's application was downloaded approximately 208 million times globally, with users spending an average of 8 minutes per visit.

Source: Hugonews网

6. AliExpress was elected as the "Best Platform for Black Friday" in Brazil.

On December 4th, as Black Friday came to a close, the Latin American market on AliExpress continued to flourish. In the 2023 annual selection by the Brazilian website Black Friday de Verdade ("Real Black Friday"), AliExpress, based on popular vote, was elected as the "Best Platform" in the consumer electronics category. Established in 2014, the Black Friday de Verdade website aims to help Brazilian consumers find the best shopping channels during the Black Friday promotion. The website has been conducting the selection of the "Best Platform" in Brazil for seven consecutive years.

Source: 36kr

7. Air freight rates from China to Europe and America increased by 50%.

On December 4th, according to the "Nihon Keizai Shimbun" (Japan Economic News), air freight rates from China to Europe and America have increased by 50% from their recent lows. This is due to strong demand for low-cost clothing and other goods for export on e-commerce platforms. Flights to North America via Japan are also increasing, and freight rates from Japan to North America have risen due to tight transportation space.

According to the TAC index, an international air freight price index, as of November 20th, the freight rate from Shanghai to North America was $5.94 per kilogram, up 50% from the first week of July; and the freight rate from Shanghai to Europe was $4.64 per kilogram, up 53%. Freight prices from Hong Kong to North America and Europe have increased by 32% and 37%, respectively.

Source: Nihon Keizai Shimbun

8. Hong Kong-based e-commerce logistics provider Globavend listed on Nasdaq.

On December 4th, Hong Kong-based e-commerce logistics provider Globavend Holdings Ltd. (referred to as "Globavend", stock code: "GVH") listed on the US Nasdaq. Globavend's offering price this time was $4 per share, with 1.5 million shares issued and a fundraising of $6 million. As of the close of the US stock market on December 1st, Globavend's share price was $1.31, down 67% from the offering price; based on the closing price, the company's market value is approximately $19.65 million.

Globavend, established in 2016, is an e-commerce logistics provider that offers end-to-end logistics solutions in Hong Kong, Australia, and New Zealand.

Source: Raydelivery

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Cross-border e-commerce logistics Bai xiaosheng