1.TikTok Shop Indonesia Business Merges with Tokopedia

On February 2, Indonesian tech giant GoTo announced the completion of TikTok's acquisition of 75.01% of the shares of GoTo's e-commerce subsidiary, Tokopedia, for a total of $840 million. Through this transaction, TikTok Shop's business in Indonesia merges with Tokopedia to form PT Tokopedia. TikTok has committed to a long-term investment exceeding $1.5 billion in PT Tokopedia and holds the controlling stake.

Source: Jiemian News

2.Temu Emerges as the Largest Online Advertiser in the United States

On February 2, it was reported that Temu, the cross-border e-commerce platform under Pinduoduo, has become the largest online advertiser in the United States. According to estimates by research firm Bernstein, Temu's advertising spending in the U.S. reached $3 billion in 2023. This substantial expenditure positions Temu among the largest online advertisers in the U.S., alongside e-commerce platforms like Amazon, Target, and Walmart.

Source: Golden Brick Cross-Border

3.Amazon US and Canada Update Automatic Inventory Removal Feature

On February 2, news surfaced that Amazon has updated its automatic inventory removal feature for the US and Canada. The update includes options for sellers to select the desired duration (1-12 months) for automatically removing sellable inventory. Additionally, sellers without valid local addresses in the US and Canada will have sellable inventory automatic removal disabled. Amazon US will automatically remove ASINs without sales records for six consecutive months, while the removal frequency in Canada changes from every six months to monthly.

Source: Amazon Global Selling

4.JD Worldwide Extends Overseas Presence to 24 European Countries

On February 2, JD.com's cross-border e-commerce export platform, JD Worldwide, announced an expansion of its overseas market to 24 European countries. This expansion follows the initial launch in five European countries: France, Germany, Italy, the Netherlands, and Spain. Local consumers can now place direct orders through the JD app.

Source: Ebrun

5.AliExpress Launches Super Large Parcel Special Line in the Korean Market

On February 2, Alibaba's AliExpress, in collaboration with Cainiao, announced the launch of a "super large parcel" express service for the Korean market. The service aims to expedite the delivery of large items such as furniture and home appliances to Korean consumers, with a delivery time as fast as seven days. This move further deepens AliExpress's presence in the Korean market, following the introduction of the "five-day delivery" service last year.

Source: Express Headlines

6.China Surpasses the US as South Korea's Largest Cross-Border E-Commerce Import Source

On February 2, it was reported that according to data released by the Korea Statistics Office on the "December and Annual Online Shopping Trends in 2023," South Korea's annual cross-border e-commerce imports increased by 26.9% year-on-year, surpassing 60 trillion Korean won for the first time. In terms of import sources, China saw a significant surge of 121.2%, reaching 32.873 trillion Korean won. This marks the first time that China has overtaken the US, becoming South Korea's largest source of cross-border e-commerce imports.

Source: Cailian News

7.DHL: Global Air Freight Volume Increases by 6% in January

On February 2, DHL released the global air freight market dynamics for January. Compared to January 2023, global capacity increased by 8%, belly cargo capacity grew by 13%, and global freight volume increased by 6%. The robust growth is attributed to the flourishing demand for Chinese export e-commerce goods in the fourth quarter of 2023 in the Asia-Pacific and African regions.

Source: Shipping Industry

8.DSV's Revenue Drops by 36% YoY in 2023

On February 2, DSV released its complete 2023 annual performance report. For the full year 2023, DSV achieved an operating income of DKK 150.79 billion (approximately $21.82 billion), a year-on-year decrease of 36.0%. Gross profit decreased by 16.0% to DKK 43.82 billion, and earnings before interest and taxes (EBIT) declined by 29.7% to DKK 17.72 billion (approximately $2.56 billion). Net profit for the period was DKK 12.41 billion, a decrease of 29.8%.

Source: Shipping Industry

9.Winit to Open New Large Cargo Warehouse in Savannah, USA

On February 2, in an effort to help sellers expand in the US market, Winit is set to open a new large cargo warehouse in Savannah, USA, in February 2024. The warehouse covers an area of 30,000 square meters and has a daily order processing capacity of over 10,000 orders, providing last-mile delivery services covering the entire United States.

Source: WINIT

10.China's Domestic Cargo Aircraft Reach 231 by the End of 2023

On February 2, as of the end of 2023, mainland China has a total of 16 cargo airlines with a combined fleet of 231 cargo aircraft. The top three carriers are Shunfeng Airlines with 86 aircraft, China Postal Airlines with 33 aircraft, and China Southern Cargo with 17 aircraft. These three carriers together account for more than half of the total cargo aircraft, and all of them operate Boeing aircraft.

Source: Cargo Air News

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Public Account: Cross-Border E-commerce Logistics Insights