1. Global Parcel Delivery Market Size Expected to Reach $648 Billion by 2030

March 19th news: According to recent forecasts from international courier company ParcelHero, the global parcel delivery market is expected to reach $648 billion by 2030, offering new investment opportunities.

ParcelHero's research suggests that by 2030, the development of technology-driven e-commerce and transportation industries will drive the global parcel delivery service market to achieve a compound annual growth rate of 4.31%, with the compound annual growth rate of the domestic parcel delivery market in the UK reaching 6.2%.

Source: ParcelHero

2. JD Group Signs Strategic Cooperation Agreement with BYD

March 19th news: JD Group and BYD signed a strategic cooperation agreement ceremony at JD's headquarters in Beijing. According to the agreement, JD Logistics will provide inventory management, order fulfillment, and international logistics services for BYD's pre-production parts and after-sales spare parts based on its nationwide and overseas warehouse resources, distribution network, industry experience, and technical capabilities accumulated in the fields of supply chain intelligence and warehouse automation, helping BYD optimize inventory costs, shorten delivery cycles, improve customer experience, and facilitate brand expansion overseas.

Source: JD Blackboard

3. Amazon SEND Ocean Freight Service Launches on US Site

March 19th news: Amazon's Cross-Border Carrier Program (Amazon SEND) is a cross-border logistics service within Amazon's overall supply chain solution. This year, Amazon SEND will undergo a major update: in order to meet the demand for large-scale replenishment by sellers, in addition to the small-package air freight service in Amazon SEND, Amazon has launched ocean freight services, providing sellers with various service options, which are more flexible and efficient. The service is now available on the US site.

Source: Amazon Global Selling

4. Ocean Alliance Announces New Route Products for 2024

March 19th news: Ocean Alliance has announced the DAY8 route products for 2024, including 37 routes and 3 non-alliance transatlantic routes, with approximately 3.55 million TEUs of capacity deployed by about 355 vessels, serving over 480 direct port-to-port services.

This includes 6 Far East to Northwest Europe routes, 4 Far East to Mediterranean routes, 20 Trans-Pacific routes (including 12 US West Coast routes and 8 US East & Gulf Coast routes), 5 Transatlantic routes (including 3 non-alliance routes), 3 Far East to Middle East routes, and 2 Far East to Red Sea routes (direct and transshipment).

Source: Soship

5. eBay Europe Introduces Three Major Benefits

March 19th news: eBay announced three major benefits for Chinese sellers in 2024 to help them fully expand into the UK, Germany, France, and Italy markets and seize important development opportunities in the European market.

The first benefit is to create listings on eBay France and eBay Italy using eBaymag, enjoy free listing fees for the whole year, and win football tickets.

The second benefit is to expand to eBay UK and eBay Germany and win tickets to European football events.

The third benefit is to leverage eBay promotional activities to tap into European traffic.

Source: eBay

6. TikTok's Valuation May Soar to $150 Billion

March 19th news: According to five informed sources, driven by TikTok's explosive growth, ByteDance's revenue in 2023 will reach $120 billion, an increase of about 40% year-on-year, despite a large portion of the company's sales coming from China.

Last year, TikTok's revenue in the United States reached approximately $16 billion (currently approximately 115.2 billion RMB), reaching a new high, with approximately 170 million Americans using it throughout the year. Financial analysts analyzed that this revenue figure could push its valuation to $150 billion. Such a high price means that few buyers can afford the cost of acquiring it.

Source: Financial Times

7. Saudia Cargo Opens Regular International Freight Route at Shenzhen Airport for the First Time

March 19th news: A Saudia Cargo Boeing 777 freighter took off from Shenzhen Airport to Riyadh, marking the third new freight route at Shenzhen Airport this year and the first regular international freight route opened by Saudia Cargo at Shenzhen Airport.

It is reported that the route operates 2 flights per week, mainly carrying e-commerce, general trade, and electronic products, with cross-border e-commerce accounting for 60% of the cargo volume. After the opening of this route, Shenzhen Airport's weekly outbound freight flights to Riyadh increased to 11, and the weekly outbound capacity increased to over 1,100 tons.

Source: CCTV News Client

8. Shandong Port Bohai Bay Port Launches Two Container International Routes

March 19th news: Shandong Port Bohai Bay Port has launched two new container foreign trade routes, "Weifang-Southeast Asia" and "Weifang-Japan," further expanding the service network of Bohai Bay Port's foreign trade routes and filling the gap in container shipping routes from Weifang to Southeast Asia.

It is reported that the maiden voyage ship of the "Weifang-Southeast Asia" route is the "Haifeng Badayan" ship, with a deadweight tonnage of about 34,000 tons, operating weekly. The port sequence is "Weifang-Yantai-Qingdao-Shanghai-Philippines (Subic-Manila North Harbor-Cebu-Davao)"; 

The "Weifang to Japan" route is operated weekly by the "Haifeng Sendai" and "Haifeng Fuji" ships, with a deadweight tonnage of about 12,000 tons. The port sequence is "Weifang-Yantai-Qingdao-Osaka-Kakogawa-Kobe-Mishima-Nagoya".

Currently, 3 voyages have been operated, with an average container handling volume of 300 TEUs per voyage, and stable operation.

Source: China Shipping Network

9. Guangdong's Cross-Border E-Commerce Imports and Exports More Than Doubled in the First Two Months of This Year

March 19th news: In 2023, the total cross-border e-commerce import and export volume in Guangdong Province reached 843.3 billion yuan, an increase of 25%, accounting for more than one-tenth of the province's total foreign trade; from January to February this year, the total cross-border e-commerce import and export volume in Guangdong Province reached 155.3 billion yuan, a year-on-year increase of 107%. In addition, according to the Guangzhou Cross-Border E-commerce Public Service Platform, from January to February this year, the cross-border e-commerce import and export volume in Guangzhou reached 22.287 billion yuan, a year-on-year increase of 44.47%, the fastest growth among all foreign trade formats.

Source: Southern Metropolis Daily

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