1. **Yuntu Logistics Launches Xiamen to Miami Charter Flight**

On December 6th, Yuntu Logistics, a subsidiary of Zongteng Group, held a charter signing ceremony with Atlas Air for the Xiamen to Miami charter flight route. The two parties signed a cooperation agreement for the Xiamen to Miami charter flight route, indicating the official opening of the international cargo flight route. This is the first international cargo flight route opened by Yuntu Logistics in Xiamen, with plans to operate 3 flights per week on Tuesdays, Thursdays, and Saturdays, using Boeing 777F aircraft for transportation. The cargo carried will mainly include 3C digital products, cosmetics, clothing, and various types of cross-border e-commerce items and general trade goods.

Source: Zongteng Group

2. **UPS to Build a New Logistics Hub in Hong Kong**

On December 6th, UPS announced an agreement with the Hong Kong Airport Authority to build a new hub near the Hong Kong International Airport and the Hong Kong-Zhuhai-Macao Bridge to improve UPS's services to customers and strengthen the company's operations in Asia. The new hub will serve as UPS's main facility in Hong Kong, handling and sorting import and export cargo to and from Europe, the United States, and other regions in Asia. The center is expected to be completed by 2028, covering an area of 20,000 square meters with direct access to aircraft. With a designed annual throughput of nearly 1 million tons, the facility will provide a more efficient and reliable connection for UPS and its global customers to Hong Kong, the Greater Bay Area, and the growing consumer markets in the Asia-Pacific region.

Source: UPS

3. **JD.com Plans to Acquire Another Logistics Center in the Netherlands**

On December 6th, JD.com announced plans to acquire another logistics center in the Netherlands through its subsidiary JD Property Development at a cost of approximately 54 million euros. Earlier this year, JD.com acquired its first warehouse in the Netherlands for 90 million euros, located at the logistics center in Utrecht in central Netherlands, covering an area of over 60,000 square meters.

Source: Guandian Net

4. **Huakaiyibai Intends to Acquire Tongtuo Technology**

On December 6th, Huakaiyibai announced its intention to acquire 100% equity of Tongtuo Technology and all relevant operating assets (including but not limited to trademarks, patents, stores, inventory assets, etc.) held by Huading Group in cash. On December 5th, 2023, Huakaiyibai signed a "Framework Agreement on Cooperation" with Huading Group. The transaction is still in the planning stage, so there is uncertainty about the proposed acquisition.

Tongtuo Technology's main business is B2C cross-border export e-commerce, operating independently through vertical sites such as TOMTOP and global e-commerce platforms such as Amazon, Walmart, AliExpress, MercadoLibre, Shopee, and Lazada. It aims to promote domestic brands to overseas markets and provide quality products to foreign consumers, covering more than 200 countries and regions.

Source: Finance Industry

5. **Dajian Cloud Warehouse Q3 Net Profit Surges 3357.1%**

On December 6th, Dajian Cloud Warehouse announced its unaudited financial performance for the quarter ended September 30, 2023. The total revenue for the quarter was $178.2 million, an increase of 39.2% compared to the same period in 2022. Net profit was $24.2 million, a year-on-year increase of 3357.1%. For the 12 months ended September 30, 2023, Dajian Cloud Warehouse's platform GMV was $684.8 million, an increase of 40.8% year-on-year.

Source: GigaCloud Technology

6. **Amazon's Warehouse Subleasing Area in the US Hits a New High in October**

On December 6th, it was reported that Amazon leased approximately 1.5 million square feet of warehouse space in the US in October, reaching the highest level in more than a year. In recent months, Amazon has been subleasing warehouses and distribution centers to reduce excess space in its delivery network. The warehouses recently subleased by Amazon are mostly those built during the pandemic, including warehouses in the Atlanta area, San Antonio, and Fort Worth, Texas. The difference is that the warehouses recently subleased by Amazon also include some large warehouses to be built in 2030 and beyond.

Source: AMZ123

7. **Amazon Global Logistics Upgrades First Order Service**

On December 6th, Amazon Global Logistics upgraded its first-order service to provide new sellers with a more cost-effective, convenient, and time-saving AGL service experience. Sellers participating in the first-order service will receive one-on-one guidance from AGL operations managers and personalized services to help them develop cost-effective cross-border logistics solutions.

Source: Amazon

8. **TikTok Reaches Preliminary Cooperation Agreement with Indonesia's Largest Internet Company, GoTo**

On December 6th, it was announced that TikTok, a subsidiary of ByteDance, has reached an agreement to invest in the e-commerce division of Tokopedia, the largest internet company in Indonesia, as part of a preliminary cooperation agreement with GoTo. The two parties will also collaborate on a web shopping service. This cooperation could set a template for TikTok to offer TikTok Shop services globally.

According to sources familiar with the matter, TikTok has agreed to collaborate extensively with Tokopedia in multiple areas rather than directly competing with it. The aim of both companies is to announce the details of this strategic cooperation as early as next week.

Although the two companies have reached an informal agreement, the final details of the alliance are still being worked out and may change before the announcement. The agreement is also subject to approval from regulatory authorities, with a possibility of falling through.

Source: DoNews

9. **IATA: Global Air Cargo Volume Rises Amid Stable Trade Conditions**

On December 6th, the International Air Transport Association (IATA) released its latest monthly analysis of air cargo, showing that in October 2023, global air cargo volume continued to rise amid stable trade conditions.

Global air cargo tonne-kilometers (CTKs) increased by 3.8% year-on-year in October, marking the third consecutive year of growth. However, this was a decrease of 2.4% compared to pre-pandemic levels.

Measured by available cargo tonne-kilometers (ACTKs), air cargo capacity grew by 13.1% year-on-year in October, driven by the sustained strong return of international passenger belly capacity. This exceeded the levels seen in 2019, with growth of 2.8%.

Global trade stabilized in September, with inflation easing in most major economies. Airlines from various regions all achieved year-on-year growth in international air cargo tonne-kilometers (CTKs) in October, with airlines in the Middle East showing the most significant increase at 10.8%.

Source: IATA

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Cross-border e-commerce logistics Bai xiaosheng