1. TEMU plans to adjust its strategic direction strategy.

"On May 15th, news sources indicate that TEMU's sales in the U.S. market are expected to account for less than one-third of its total sales volume. Faced with sales challenges in the U.S. market, TEMU plans to adjust its strategic direction, focusing more on attracting and acquiring European customers.

Source: Guandian.com"

2.MSC Airlines Cargo receives its fifth B777F aircraft.

"On May 15th, MSC Air Cargo, the freight air subsidiary of Mediterranean Shipping Company (MSC), received its fifth brand-new Boeing 777 freighter aircraft. The latest B777F aircraft will operate under an Italian Air Operator Certificate (AOC), obtained last year by MSC through the acquisition of Italian all-cargo airline AlisCargo Airlines. This acquisition has strengthened MSC's influence in the Italian market, providing it with a second European gateway located in Milan.

With the addition of this aircraft, the total number of Boeing 777 freighters in the MSC fleet now stands at five. Among these, four aircraft in the MSC fleet are operated by U.S. cargo airline Atlas Air.

Source: Cross-border E-commerce Logistics Insider"

3. "AliExpress Signs Contracts with Multiple Top Logistics Companies in South Korea"

On May 15th, it was announced that AliExpress is experiencing rapid growth in South Korea. As a result, AliExpress has expanded its cooperation with local logistics companies in South Korea. Contracts have been signed with four leading logistics companies in South Korea: CJ Logistics, Hanjin, Lotte Global Logistics, and Korea Post. These four logistics companies will be responsible for AliExpress's local delivery in South Korea for the next year. It is speculated within the industry that CJ, the top logistics company in South Korea, will account for more than half of the cooperation, with the remaining three companies sharing the rest.

Source: Securities Times

4. "Cainiao's Quarterly Revenue Increases by 30% Year-on-Year"

On May 15th, Alibaba Group announced its financial performance for the fourth quarter and full year of the 2024 fiscal year. In the first quarter of 2024, Cainiao's quarterly revenue reached 24.557 billion yuan, a year-on-year increase of 30%. The full-year revenue increased by 28% year-on-year to 99.02 billion yuan. Benefiting from the robust support of its global network and the expansion of its leading advantages in cross-border e-commerce logistics, Cainiao continues to maintain strong growth.

In this quarter, Cainiao expanded its "Worry-Free Priority" logistics service to 14 countries through AliExpress. It also increased investment in overseas local logistics networks, demonstrating Cainiao's determination and confidence in future strategic logistics development. Together with AliExpress, Cainiao opened cross-border warehouses in Qingdao, Chengdu, and Tianjin industrial belts, and launched cross-border logistics lines for outbound brands, oversized items, and apparel. Cainiao has also officially entered the U.S. consolidation market, providing both air and sea freight products, with air freight products capable of reaching destinations within 5 days after shipment from the consolidation warehouse.

Source: Cainiao

5. "Regular All-Cargo Flight Route from Chengdu to Warsaw Launched"

On May 15th, it was announced that Sichuan Airlines Cargo has launched a regular all-cargo flight route from Chengdu to Warsaw, Poland. This is the third direct all-cargo flight route to Europe opened by Sichuan Airlines Cargo from Chengdu. The inaugural flight mainly carried export goods, including cross-border e-commerce products.

It is understood that prior to this, Sichuan Airlines Cargo had opened regular all-cargo flight routes from Chengdu to Brussels and Chengdu to Budapest. The launch of the Chengdu-Warsaw route is beneficial for strengthening the overall capacity and coverage of logistics companies in the Central and Eastern European regions, further enhancing the efficiency and service quality of international cargo transportation.

Source: Chengdu Business Daily

6. "Shenzhen Airport Sees 29.45% Growth in International Cargo Volume in April"

On May 15th, Shenzhen Airport Co., Ltd. released its operational report for April 2024. In April, Shenzhen Airport handled a total cargo throughput of 142,600 tons, representing a year-on-year increase of 19.71%. Among these, domestic routes accounted for 69,600 tons, up 13.04% year-on-year; regional routes accounted for 5,200 tons, up 0.54% year-on-year; and international routes accounted for 67,800 tons, up 29.45% year-on-year.

From January to April, the total cargo throughput reached 548,200 tons, up 20.85% year-on-year. Domestic routes handled 279,400 tons, up 23.18% year-on-year; regional routes handled 21,000 tons, up 23.83% year-on-year; and international routes handled 247,700 tons, up 18.09% year-on-year.

Source: Shenzhen Airport

7. "DHL Reports: Asian E-commerce Drives Growth in Global Air Freight Market"

On May 15th, DHL reported that the global air freight market continued to grow in April, boosted by demand from Asian e-commerce businesses, with freight demand increasing by 6% year-on-year, particularly driven by China and the Asia-Pacific region. Retail e-commerce giants in China such as SHEIN and Temu have contributed to industry growth, leading to significant growth in transportation demand on the China-U.S. route. Additionally, seasonal demand such as the export of flowers has also driven freight volume growth. Hong Kong International Airport continues to play a significant role in global trade as the busiest cargo airport globally. As trade in the Asia-Pacific region recovers, airports are preparing for increased freight volumes.

Source: DHL

8. "Amazon Australia Introduces New 'Five Great News'"

On May 15th, Amazon announced the launch of the new 'Five Great News' for both new and existing sellers on the Australian platform. These include the introduction of the "New Seller Welcome Package," a new "Seller Incentive Program," the upcoming "Oversize and Overweight Item Warehousing Program," the forthcoming opening of the Amazon Vine program to Australian sellers, and the release of the "Australian Consumer Trends and Product Selection Guide." These 'Five Great News' cover areas such as onboarding for new sellers, launching new products, warehousing logistics, advertising marketing, and product selection strategies. They aim to assist sellers in launching and operating their Australian business with lower costs and higher efficiency through methods such as transaction volume rebates, fee subsidies, and service upgrades.

Source: Amazon

9. "Shopify Allows All Merchants to Use Online Order Processing for Exchanges"

On May 15th, Shopify announced its latest update, allowing all merchants to use online order processing for exchanges. In the event of returns, Shopify now supports merchants in selecting products from their entire product catalog and providing exchange services. Merchants can seamlessly create, track, and manage exchanges directly from the Shopify backend, easily tracking and reporting expenses related to returns. This helps merchants maximize revenue retention rates and provide consumers with flexible return experiences.

Source: Shopify

 14th, Amazon announced that sellers with fewer than 25 items per month fulfilled by Amazon (FBA) will be exempt from return fees for those items. Additionally, for sellers enrolled in Amazon's new product storage discount program, Amazon will waive return processing fees for up to 20 eligible parent ASINs per month. Returned items must be delivered to Amazon fulfillment centers within 180 days after the first inventory receipt. For clothing and footwear items, Amazon will charge a return processing fee for each item returned by the buyer.

Source: Amazon Global Selling

10. "Jituzu Express Plans to Adopt the 2024 Stock Incentive Plan"

On May 15th, Jituzu Express announced in a Hong Kong Stock Exchange filing that the board of directors had proposed adopting the 2024 Stock Incentive Plan on May 14, 2024. The board recommends seeking approval from shareholders for the adoption of the 2024 Stock Incentive Plan at the annual general meeting of shareholders. Upon approval of the 2024 Stock Incentive Plan by shareholders at the annual general meeting, the maximum number of shares to be granted for the fiscal year ending December 31, 2024, is 88,121,662 shares (2024 limit), representing approximately 1% of the total issued shares (including Class A and Class B shares) as of the adoption date.

Source: Jituzu Express

11. "Cross-border Warehousing and Logistics Service Provider Armlogi Holding Goes Public"

On May 15th, it was announced that cross-border warehousing and logistics service provider Armlogi Holding was listed on the Nasdaq on May 14th, with an IPO price of $5 per share. The company plans to raise $8 million by issuing 1.6 million shares of stock.

According to information, Armlogi Holding provides one-stop warehousing and logistics services for cross-border e-commerce merchants outside the United States seeking to sell in the U.S. market. It offers comprehensive services, including customs brokerage services, transportation of goods to U.S. warehouses, and warehouse management for order fulfillment, currently operating six warehouses in the United States.

Source: China Financial News

12. "China COSCO Shipping Launches New Route from China to East Coast of South America"

On May 15th, a new route from the northern Chinese port of Tianjin to the East Coast of South America commenced operations, aiming to promote trade between China and countries in the region, reducing transit time from 54 days to 40 days. This route, connecting China and South America, is the longest trans-Pacific route and will be operated by China COSCO Shipping, linking Tianjin Port with several ports on the South American East Coast, including Rio de Janeiro, Santos, Itapoá, and Navegantes in Brazil. China COSCO Shipping will deploy 12 vessels with a capacity of 14,000 TEUs, sailing weekly.

Source: China Ocean Shipping Report

End

Cross-border E-commerce Logistics Bai Xiaosheng