1.Temu plans to launch the POP mode

On January 19th, it was reported that Temu is planning to launch the POP mode, which stands for the third-party platform mode. Sellers will be able to operate their stores independently. Taking reference from the development path of transitioning from self-operation to platformization by companies like Amazon and JD.com, Temu may adopt a business model of "self-operation + platform" in the future.

Source: Xia Guang Society

2.Amazon AGL undergoes a comprehensive upgrade, launches new warehouse HAJ1 in Europe.

On January 19th, Amazon's official logistics, AGL, undergoes a comprehensive upgrade in terms of experience, warehouses, and services. Starting from March 1, 2024, sellers using AGL to transport goods to AWD warehouses will be exempt from FBA inbound configuration service fees, warehouse utilization surcharges, low inventory level fees, and overage inventory surcharges. AGL exclusively enjoys up to a 25% discount on storage, handling, and replenishment transportation fees at AWD warehouses. In terms of warehouses, the new warehouse HAJ1 in Europe is launched, becoming a worry-free exclusive warehouse for shoes and apparel in Europe.

Source: Amazon Global Logistics

3.Shanghai Pudong Airport Customs: SHEIN, Temu, and TikTok's export declarations grew over 10 times YoY.

On January 19th, the latest statistics from Shanghai Pudong Airport Customs show that SHEIN, Temu, and TikTok, three e-commerce platforms, had export declarations in 2023 growing over 10 times YoY. The declared export volume accounted for more than 30% of the total cross-border e-commerce export declarations at the port, experiencing explosive growth. In 2023, the export declaration volume at Shanghai airport exceeded 440 million shipments, nearly doubling YoY, reaching a historic high, with an export value exceeding RMB 85 billion.

Pinduoduo's e-commerce platform "DuoDuo Cross-border" and its subsidiary Temu conducted business at Pudong International Airport in December 2023, with a monthly export volume reaching 4.69 million shipments. As of now, Temu has facilitated the entry of high-quality manufacturing products from Guangdong, Zhejiang, Shandong, Anhui, and other regions into more than 40 countries and regions, exporting over 400,000 parcels per day. Since its establishment, Temu's SKU count in the U.S. market has increased to nearly 4 million categories.

Source: Shanghai Securities News

4.Alibaba International Station to launch semi-managed services, initially opening in 6 countries.

On January 19th, Alibaba International Station will launch "semi-managed services." According to the introduction, the international station's "semi-managed services" will provide merchants with exclusive marketing activities, door-to-door logistics fulfillment, reverse return services, and other operational hosting solutions. The project started recruiting on January 5, 2024, and is expected to go live on February 3, 2024. The initial opening includes 6 country sites: the United States, Canada, Mexico, the United Kingdom, Germany, and France, with plans to open 20 more country sites, including Southeast Asian markets, in the future.

Source: Alibaba International Station

5.Shopee updates order logistics claims deadline.

On January 19th, Shopee plans to modify the platform logistics SLS claims deadline. For Shopee orders in Southeast Asia and Taiwan: The claims period will not exceed 90 natural days from the order generation time or warehouse entry time (if any). This claims period adjustment will take effect on February 1, 2024, providing better protection for sellers' rights, accelerating claim processing speed, and offering more timely support. The platform recommends adhering to the new claims timeframe when dealing with claim matters.

Source: Shopee

6.Lege Shares: Expected annual net profit for 2023 is 610 million to 650 million RMB.

On January 19th, Lege Shares released a performance forecast, expecting a net profit of 610 million to 650 million RMB for the year 2023, a YoY growth of 178.88% to 197.17%; basic earnings per share are estimated to be between 1.9578 RMB and 2.0862 RMB. The main reason for the performance change is the high-speed growth of the company's overseas warehouse business. The continuous increase in the penetration rate of U.S. e-commerce, the strengthening trend of Chinese cross-border e-commerce brands going global, and the significant increase in demand for overseas warehouses have contributed to Lege Shares' leading position in the large and medium-sized overseas warehousing industry, serving over 600 overseas enterprises.

Source: Lege Shares

7.FedEx offers up to 45% discount for new customers in Hong Kong.

On January 19th, to celebrate the upcoming Chinese New Year, FedEx will assist customers in Hong Kong in staying connected with overseas customers through exclusive shipping discounts and flexible solutions. From January 18th to April 2024, FedEx will provide exclusive discounts for new accounts of local companies, including up to a 45% shipping discount and a supermarket coupon worth HKD 350.

In addition, FedEx provides flexible delivery solutions and digital tools to ensure that businesses and customers can be worry-free during this busy season. This includes FedEx's extensive local retail and global network, FedEx International Delivery Management (FDMi) with WhatsApp delivery notifications, delivery photo proof, and more.

Source: FedEx

8.COSCO SHIPPING's "Dalian-India" fast route successfully launches.

On January 19th, the first direct container shipping route "Dalian-India" fast route (CIX3) under COSCO SHIPPING's CSP series officially commenced operations at Dalian Container Terminal. It fills the gap in direct shipping services from Dalian port to India, connecting the maritime logistics channels between northeastern China and South Asia, achieving a full load on its maiden voyage. Compared to previous transfer transportation modes, this route can save about 7 days of logistics time, significantly reducing customer logistics costs.

Source: COSCO SHIPPING Holdings