*The inaugural flight of a charter plane for transporting cross-border e-commerce goods by China Southern Airlines.

*Anjun Logistics collaborates with COSCO Shipping South America Division.

*Atlas Air to cease operating Amazon cargo flights

1. China Southern Airlines' inaugural flight of a charter plane for transporting

cross-border e-commerce goods with batteries successfully took place on June 3rd. This marks a significant milestone in China's civil aviation transportation of goods with batteries, further enhancing the supply of air transport products for domestic exports and providing high-quality and efficient air logistics services for numerous cross-border e-commerce enterprises.

Source: China Southern Airlines Logistics

2. On June 3rd, during the Brazil-Shenzhen Economic and Trade Exchange and Urban

Image Promotion Conference held at the Pullman Hotel in São Paulo, at the signing ceremony of cooperation projects, Anjun Logistics founder and general manager Fang Ke, and Wang Kunhui, chairman of COSCO Shipping South America Division, signed a memorandum of cooperation. The two parties will jointly invest 50 million reais (equivalent to 75 million yuan) to establish the Yuanjun Logistics project and will cooperate in areas such as e-commerce ocean freight bonded logistics, intelligent customs clearance, truck transportation in South American countries, and logistics information platforms.

Source: Anjun Express

3. Anjun's customs-supervised warehouse at São Paulo Airport, Brazil, commenced trial operations.

The first batch of commercial clearance packages at Anjun's customs-supervised warehouse at São Paulo Airport has successfully cleared customs. Deliveries of cross-border e-commerce packages within the São Paulo state region were completed on May 29th, marking the official entry of Anjun's GRU Airport international express customs-supervised warehouse into the trial operation phase. The warehouse's designed processing capacity ranges from 700,000 packages per day from January to October to 1 million packages per day from November to December, making it the largest single international express customs-supervised warehouse in Latin America.

Source: Anjun Express

4. The final round of negotiations for Deutsche Bahn's sale of DB Schenker has begun.

Four companies, including shipping giant Maersk, freight forwarding giant DSV, Saudi logistics company Bahri, and a private equity consortium composed of the Abu Dhabi Investment Authority (ADIA) and the Singapore Wealth Fund (GIC), are in the running. MSC is either out or withdrawing from the bidding process.

According to sources familiar with the matter, Deutsche Bahn Group hopes to collect final bids from the four bidders for DB Schenker by August this year. Deutsche Bahn Group aims to generate substantial revenue from the sale of DB Schenker. In the previous round of bidding, Deutsche Bahn Group received several bids, some of which exceeded its expected 15 billion euros (approximately 16.3 billion US dollars). The final buyer of DB Schenker will be determined in the second half of 2024, with the transaction expected to be completed in 2025.

Source: Reuters

5. Amazon Expands Warehousing and Operational Capabilities

On June 3rd, Amazon Global Store announced that to ensure the timeliness of inbound deliveries, thus ensuring that products can be promptly shelved for search and purchase, Amazon Global Store continues to expand its warehousing and operational capabilities. Recently, Amazon Global Store added a new warehouse in the western United States. With this addition, Amazon Global Store now has a total of three warehouses within the United States, two in the west and one in the east.

Source: Amazon Global Store

6. Atlas Air to Cease Operating Amazon Cargo Flights

On June 3rd, Atlas Air CEO Michael Steen announced that by the middle of next year, Atlas Air will cease flying cargo aircraft for Amazon's domestic parcel network in the United States and will focus on providing wide-body international services to its rapidly growing customer base, which will soon include Chinese e-commerce giants SHEIN and TEMU.

Both parties have agreed to terminate the contract, under which Atlas provides crew, maintenance, and insurance (CMI) for 25 converted freighters: eight Boeing 737-800s and 17 Boeing 767-300s, while Amazon is responsible for providing the aircraft. The contract is set to expire in March 2026. Following the termination of the contract, Atlas Air will reallocate its capacity resources to intercontinental operations, where the profit potential is greater, and will add eight wide-body freighters in 2024.

Source: Cross-border E-commerce Logistics Baixiaosheng

7. TikTok Shop Releases Latest Guide for Entry into the U.S. Market

On June 3rd, TikTok Shop launched a new guide for cross-border merchants entering the U.S. market, providing detailed registration procedures for mainland China and Hong Kong entities, as well as local U.S. shippers. No invitation code is required, and merchants can submit their information directly through the official website. Merchants are required to upload their company business license, select markets and entry modes, and complete merchant certification. Entry requirements include having experience in shelf e-commerce operations, with an annual GMV exceeding $2 million in a single store in the United States, and having local warehousing and logistics capabilities in the United States for local delivery.

Source: TikTok Shop

8. The Number of Cross-border E-commerce Entities Nationwide Exceeds 120,000

On June 3rd, during a routine press conference of the Ministry of Commerce, it was mentioned that over the past five years, China's cross-border e-commerce trade has grown by more than 10 times. The number of cross-border e-commerce entities nationwide has exceeded 120,000, and there are over 1,000 cross-border e-commerce industrial parks. Cross-border e-commerce is a dynamic force for the development of China's foreign trade and an important trend in international trade development. Ministry of Commerce spokesperson He Yadong stated that in the first quarter of 2024, the total import and export volume of cross-border e-commerce reached 577.6 billion yuan, a growth of 9.6%. Among them, exports reached 448 billion yuan, an increase of 14%.

Source: Ministry of Commerce

9. Dunhuang.com Adjusts Renminbi Withdrawal Rules for Fund Accounts

On June 3rd, Dunhuang.com announced the adjustment of Renminbi withdrawal rules for fund accounts. To meet compliance requirements, the following adjustments will be made for Renminbi withdrawals: only funds settled within one year of order completion will be eligible for Renminbi withdrawals; funds settled more than one year after order completion will only be eligible for USD withdrawals to a USD bank account. The above adjustments will take effect from July 1st, 2024.

Source: Dunhuang.com

10. BEST Inc. Deepens Its Presence in Southeast Asia

On June 3rd, BEST Inc. announced that it will further deepen its logistics service network layout in Malaysia and strengthen cooperation with local communities and businesses to promote local economic development, making high-quality logistics services a bridge connecting China and Malaysia.

Since its expansion into international business in 2015, BEST Inc. has continuously expanded its global logistics network. As of the end of 2023, BEST Inc. has 33 self-operated express distribution centers, 1,173 sites, and an overseas warehouse area of 48,000 square meters in Southeast Asia. BEST Inc.'s international development strategy is based on local express delivery services in Southeast Asia, gradually adding layouts such as Southeast Asian warehouse networks, large-item express networks, and cross-border networks, ultimately forming a B2B2C and cross-border business network between China, Southeast Asia, and North America, providing global supply chain services to customers.

Source: BEST Inc.

11. Alibaba to Sell All Its Shares in Baozun E-commerce

On June 3rd, Baozun E-commerce announced that the board of directors learned that on May 30th, the major shareholder Alibaba entered into a purchase agreement with ChampionKerryInc. According to the agreement, Alibaba agreed to sell, and ChampionKerryInc. agreed to purchase, 26.4694 million Class A ordinary shares of the company, accounting for approximately 14.4% of the total number of shares issued by the company as of March 31st. Following the transfer of shares, Alibaba will no longer be a shareholder of the company, and ChampionKerryInc. will become the major shareholder of the company. The company and Alibaba will maintain mutually beneficial business relations, including continuing strategic cooperation.

Source: Yicai

12. Global Online Retail Sales Expected to Reach $6.8 Trillion by 2028

On June 3rd, Forrester predicted that the total global online retail sales will grow by 54% between 2023 and 2028, with an annual growth rate of 8.9%, reaching $6.8 trillion by 2028. Despite the booming development of e-commerce, offline retail still dominates. The maturity of e-commerce varies in different regions, but emerging markets are rapidly catching up. In the Americas, the United States leads online retail growth; in Europe, Western Europe grows faster than Eastern Europe; in the Asia-Pacific region, China and South Korea have the highest e-commerce penetration rates, and the Southeast Asian market is growing rapidly.

Source: Forrester

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