1. 1.Temu Launches New Sites in Brazil and Taiwan

   On February 5th, Temu expanded its online presence by launching two new sites dedicated to Brazil and Taiwan. With this move, Temu further broadens its business scope. As of now, Temu has established sites in 49 countries and regions, covering continents such as Europe, Asia, the Americas, and Oceania. According to insiders, the platform is set to officially launch its peer-to-peer model on February 8th, allowing merchants to sell their products on the platform after the Chinese New Year.

   Source: Hugo Net

1. 2.Amazon's Net Profit Surges Over 37 Times in Q4

   On February 5th, Amazon's financial report for the fourth quarter of the 2023 fiscal year was released, revealing a 14% year-on-year increase in net sales to $1699.61 billion. The net profit reached $10.624 billion, marking an astonishing growth of over 37 times compared to the same period in the previous year.

   Source: E-commerce Daily

1. 3.TikTok's In-App Purchase Revenue Hits $4 Billion in 2023

   According to the latest data from data.ai, seven global companies achieved cumulative app product revenue exceeding $10 billion in 2023. TikTok, a short video application by ByteDance, led the way with an annual revenue of $4 billion, contributing to its cumulative revenue surpassing $10 billion.

   Source: Blue Shark Consumption

1. 4.Walmart Global E-commerce Initiates 2024 Merchant Recruitment Campaign

   On February 5th, Walmart Global E-commerce officially initiated its 2024 merchant recruitment campaign. New sellers joining after February 1st have the opportunity to benefit from Walmart's New Seller Savings incentive plan. Eligible sellers can enjoy a discounted commission fee rate after submitting the onboarding form and successfully opening a store.

   Source: Walmart Global E-commerce

1. 5.Cainiao Could Potentially List in Hong Kong in Q1

   There are new developments in the listing of Cainiao. It is reported that Cainiao could obtain approval for overseas listing from the China Securities Regulatory Commission (CSRC) as early as this month. Subsequently, it will seek a listing hearing in Hong Kong. If all procedures go smoothly and Cainiao intends to proceed with its listing plans, it could potentially be listed in the first quarter, with the fundraising scale possibly reduced to less than $1 billion.

   Source: Viewpoint Net

1. 6.JD International Upgrades Strategic Cooperation with TRACK718

   On February 5th, TRACK718 upgraded its strategic cooperation with JD International. Following the integration of parcel tracking, the two parties completed the integration of sea and air freight modules. They will engage in friendly strategic cooperation in the cross-border field. All users of JD International can experience high-quality tracking services, providing clear standard trajectory status nodes and complete and accurate trajectory information with a query accuracy rate of 99.9%.

   Source: TRACK718

1. 7.Several Cross-Border E-commerce Giants Release 2023 Performance Reports

   On February 5th, several cross-border e-commerce giants released their performance forecasts for 2023. Hua Kai Easy100 expects a net profit attributable to shareholders of the listed company of approximately RMB 320 million to RMB 355 million, a year-on-year increase of 47.99% to 64.18%. Saveway Technology expects a net profit attributable to shareholders of the listed company of RMB 320 million to RMB 350 million, a year-on-year increase of 72.84% to 89.05%. Juxing Technology expects a net profit attributable to shareholders of the listed company for the full year of approximately RMB 1.65 billion to RMB 1.85 billion, a year-on-year increase of 16.23% to 30.32%.

   Source: Yien

1. 8.CMA CGM Suspends Red Sea Route Operations Again

   On February 5th, shipping giant CMA CGM decided once again to suspend all vessels from passing through the Mandeb Strait to enter or leave the Red Sea. The exact resumption date is yet to be determined.

   Source: Reuters

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