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Amazon Logistics Remote Delivery Launches in Brazil; Alibaba Overtakes Pinduoduo in U.S. Stock Market Value!

News source: author:WeChat Official Account: Cross-Border E-commerce Logistics Insight 2024-01-31 Page View:121
Introduction:Amazon Launches Two New Programs in the Latin American Market; The United States to Become a Key Market for AliExpress' Semi-Managed Services; Performance Forecasts for 2023 Released by Multiple Listed Airlines and Airports
  1. 1.Several Listed Airlines and Airports Release 2023 Performance Forecasts

    On January 31, listed airlines and airports successively issued estimated financial reports for the year 2023.

    For airlines, Hainan Airlines expects a net profit attributable to shareholders of the listed company ranging from 300 million to 450 million yuan; Spring Airlines anticipates a net profit attributable to shareholders of 21 billion to 24 billion yuan; China Southern Airlines forecasts a net loss attributable to shareholders of the listed company ranging from 3.5 billion to 4.7 billion yuan; Air China expects a net loss attributable to shareholders of approximately 900 million to 1.3 billion yuan; and Juneyao Airlines anticipates a net profit attributable to the owner of the parent company of about 680 million to 880 million yuan, turning losses into gains.

    Regarding airports, the four listed airports that have been disclosed are all profitable. Shanghai Airport expects a net profit attributable to shareholders of the listed company to be between 9.1 billion and 10.8 billion yuan, Shenzhen Airport anticipates a net profit attributable to shareholders of 3.61 billion to 4.51 billion yuan, Guangzhou Baiyun Airport expects a net profit attributable to shareholders of the listed company to be between 4.38 billion and 5.36 billion yuan, and Xiamen Airport expects a net profit attributable to shareholders of the listed company to be between 3.21 billion and 3.85 billion yuan.

    Source: Aviation Micro-Readings


  2. 2.Amazon Launches Two New Plans in the Latin American Market

    On January 31, Amazon announced that its Brazil station has officially joined the Amazon Logistics Remote Delivery Plan. Sellers at the Brazil station can use the Amazon Logistics Remote Delivery Plan to share US FBA inventory, i.e., use FBA inventory stored in Amazon's US operation centers to deliver sales orders in Brazil.

    Additionally, to better support sellers in expanding into the Mexican market, Amazon has introduced the 2024 Mexico RFC Tax Identification Number Registration Quota Subsidy Plan. Sellers can enjoy a subsidy of up to 100% for registering a tax number in Mexico. Furthermore, Amazon will provide Buy Now, Pay Later services to consumers in Mexico through Fintech Kueski.

    Source: Amazon Global Store, Intelligent Finance and Economics APP


  3. 3.Alibaba Overtakes Pinduoduo in US Market Value

    On January 31, as of the closing on January 29 (US Eastern Time), Pinduoduo fell by 8.2%, and its market value was surpassed by Alibaba Group. Currently, Alibaba's total market value is $184 billion, while Pinduoduo's total market value is $172.9 billion. It is reported that on the evening of November 29 last year, Pinduoduo's market value once surpassed Alibaba's in the intraday trading, becoming the largest US-listed Chinese stock by market value. As of 9:46 AM on November 29 (US Eastern Time), Pinduoduo was priced at $144.46 per share, with a total market value of $191.928 billion, while Alibaba was priced at $75.13 per share, with a total market value of $190.642 billion.

    Source: Bullish


  4. 4.Maersk Establishes International Transit Hub in Shanghai Lingang New Area

    On January 31, Maersk announced the establishment and unveiling of an international transit hub in the Lingang New Area of Shanghai. It is reported that Maersk has initiated export flow along the coastal areas to facilitate the improvement of shipping hub capabilities. The first batch of approximately 230 TEU container goods from South America, carried by Maersk's South America East route vessel, Maersk Laguna, will be transshipped to Shanghai Port and delivered to different ports in Europe, the United States, and other regions, saving about 7 days in delivery compared to the original transport route.

    Source: The Paper


  5. 5.TikTok Plans to Complete Acquisition of Tokopedia in Q1

    On January 31, it was announced that TikTok plans to complete the acquisition of an $840 million stake in the Indonesian e-commerce platform Tokopedia in the first quarter of 2024. The transaction is progressing well, and if not completed by March 31, 2024, it can be terminated through a written agreement.

    Source: BRICS Cross-Border


  6. 6.UPS Relaunches Next-Day Air Early Service

    On January 31, the global freight transportation and logistics service provider UPS announced the relaunch of its next-day air early service, guaranteeing deliveries by 10:30 A.M. in most areas. UPS stated that through this service, customers can deliver goods to over 620,000 U.S. businesses earlier than its competitors, fulfilling the commitment of two-day delivery.

    Source: Logistics Management


  7. 7.US to Become a Key Market for AliExpress Half-Brokerage

    On January 31, according to data from the market analysis platform Similarweb, AliExpress achieved an average monthly visit volume of 24.2 million times in the United States in 2023, with traffic growing by 290% year-on-year, making it one of the three fastest-growing websites in the United States.

    Since the beginning of 2024, AliExpress has fully launched half-brokerage and introduced a series of heavyweight measures. There are reports that the United States will become one of the key markets for AliExpress half-brokerage.

    Source: E-commerce Daily


  8. 8.Shandong Ports Lead Global Cargo Throughput

    On January 31, in 2023, Shandong ports completed an annual throughput of 1.71 billion tons and a container volume of 41.32 million TEUs, with year-on-year growth of 5.6% and 10.8%, respectively. The cargo throughput firmly maintained the world's first place, surpassing Singapore port, ranking second in the world.

    Source: Upstream News


  9. 9."Four Little Dragons" Expanding Trading Volumes in 2023

    On January 31, the latest data released by Ant Group's WorldFirst showed that the overall transaction volume of "Micro Multinational Corporations" in RCEP countries and regions increased by 119% year-on-year in 2023. The trading volume in emerging markets such as the Middle East, Latin America, and Africa increased by more than 100% year-on-year. In 2023, the trading volume of the "Four Little Dragons" - Temu, TikTok Shop, SHEIN, and AliExpress - increased more than a hundredfold compared to the previous period, far exceeding traditional e-commerce platforms.

    Source: WorldFirst from Ant Group


  10. 10.Walmart Offers Limited-Time Incentive Program for New Sellers

    On January 31, Walmart once again provided discount plans and pricing tools for new sellers in the market. This incentive measure is part of Walmart's new seller preferential policy, initially launched in January 2023.

    Specific content includes: a maximum 50% discount on referral fees in the first 90 days; a 10% discount for registration and going online; a 15% freight discount for Walmart Fulfillment Services (WFS); a 15% discount for advertising


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WeChat Official Account: Cross-Border E-commerce Logistics Insight


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