1. 2024 China's 500 Most Valuable Brands Released

On June 24, it was announced that the 21st World Brand Conference was held in Beijing. The event organizer, World Brand Lab, released the 2024 "China's 500 Most Valuable Brands" analysis report. State Grid, Industrial and Commercial Bank of China, and Haier topped the "2024 China’s 500 Most Valuable Brands List." In the postal and courier sector, China Post, SF Express, and JD Logistics made the list.

According to the ranking, China Post was ranked 125th with a brand value of 90.687 billion RMB; SF Express was ranked 136th with a brand value of 85.393 billion RMB; and JD Logistics was ranked 225th with a brand value of 49.708 billion RMB. Additionally, in the e-commerce sector, Alibaba and JD.com were listed among the top 50, ranking 23rd and 49th with brand values of 264.183 billion RMB and 208.145 billion RMB, respectively. TikTok ranked 68th, while Pinduoduo ranked 80th.

Source: Express Magazine

2. JD Express Shipments to Europe Increase by Over 60% Month-on-Month

On June 24, according to JD Express International data, the number of JD Express international shipments to Europe increased by more than 60% month-on-month in June, with most shipments directed to Germany, the Netherlands, and the United Kingdom. On May 23, JD announced the launch of the "International Standard Express" service by JD Logistics. Compared to the "International Express," the "International Standard Express" is positioned as a cost-effective cross-border delivery service, supporting both personal shipments and B-end merchant shipments. JD stated that since June, the "International Standard Express" order volume has significantly increased, with more than half of users choosing this service among JD Express International services.

Source: Whip Bull

3. 2024 BrandZ China Globalization Brands List Released

On June 24, Google and Kantar jointly released the "BrandZ China Globalization Brands 2024" report. The report shows that the brand power of the top 50 Chinese global brands achieved a 17% growth, more than double the average annual growth rate in previous years. This year's list includes 50 brands from seven major categories, with the following four brands from the e-commerce sector: SHEIN (3rd), AliExpress (6th), TEMU (8th), and LightInTheBox (50th).

Source: Campaign Asia

4. Eastern Airlines Logistics Ensures Over 170,000 Cross-border E-commerce Packages During 618

On June 24, it was reported that this year’s "618" event, which began on May 20 and lasted for one month, saw Eastern Airlines Logistics engaged in the transportation of cross-border e-commerce packages. The company successfully handled three small peaks, each with daily volumes exceeding 10,000 packages, and managed a total of over 170,000 packages. The goods primarily included clothing, cosmetics, and health products from Japan, South Korea, the United States, and Canada.

Source: China Aviation Network

5. China Logistics Group and Ansteel Group Sign Strategic Cooperation Agreement

On June 24, China Logistics Group and Ansteel Group signed a strategic cooperation agreement in Anshan. The two parties will deepen new paths of cooperation in areas such as multimodal transportation, technological innovation, market information sharing, and international service product expansion. Together, they aim to make greater contributions to maintaining the safety and stability of industrial and supply chains and facilitating domestic and international dual circulation.

Source: China Logistics Group

6. German E-commerce Giant Otto Increases Seller Fees

On June 24, it was reported that German e-commerce giant Otto is raising its seller fees on the marketplace. Otto announced a significant increase in its basic fees. The company is also implementing new terms of use, which will take effect from June 26. An Otto spokesperson stated, "Unfortunately, Otto is now increasingly offering products on the market that do not meet our quality standards or customer expectations." In April, Otto announced its plans to open the market to European sellers.

Source: AMZ123

7. Shopee Adjusts Commission Rates for Third-Party Warehouses

On June 24, it was announced that to continuously provide better services and resources in the future, Shopee's Brazil site will adjust the commission rates for third-party warehouses starting at 00:00 on July 1, 2024 (local time). Notably, from July 1, 2024 (local time), the maximum amount for the commission plus transaction fee per item will be 100 BRL + 4 BRL (excluding FSS, CCB, and other rates); for items priced below 8 BRL, the additional commission per item will be half of the item's price. Between June 21, 2024, and July 12, 2024, if the price adjustment range does not exceed the rate adjustment, it will not be considered an exaggerated discount. The 4 BRL/item commission portion will be shown in the backend billing service fee, which sellers should be aware of.

Source: Going Abroad Network

8. Shopee Thailand's New Policy Puts Pressure on Local Stores

On June 24, it was reported that Shopee Thailand issued a policy announcement regarding pre-order products for local stores. From August 1, 2024, Shopee will reserve the right to disable the pre-sale product feature and hide pre-sale product listings, with four levels of warning measures for violations. This move aims to guide sellers in the proper use of pre-sale tools, maintain a fair trading environment on the platform, and present new challenges to the traditional "stocking" model.

Source: Shopee

9. E-commerce Penetration Continues to Rise in Brazil

On June 24, it was reported that e-commerce in Brazil is rapidly rising, with the latest data showing that e-commerce has penetrated approximately 14 million Brazilian households. According to Kantar's "Consumer Insights Q1 2024" report, e-commerce is the only sales channel with continuously increasing penetration, up by 1.4 percentage points. The study also found that new buyers in Brazil have the fastest-growing single purchase volume on e-commerce platforms, reaching 32.3%. Additionally, budget brands have become consumer favorites, accounting for 51.3% of shopping baskets.

Source: Kantar

10. MSC Enhances Asia-Mexico and Europe Service Network

On June 24, it was reported that Swiss-Italian container shipping company MSC has launched a new shuttle service, Dhalia, to provide additional capacity for the Asia to Mexican West Coast route. According to the company's statement, this new service will offer customers a premium loop service, catering to trade from southern China to Mexico, and providing additional network coverage and frequency between Asia and Mexico.

Dhalia joins MSC's existing Andes, Aztec, Inca, Mexicas, and Santana services, creating a robust network connecting South America and Asia. The full port rotation for the Dhalia service is Shekou (China) - Xiamen (China) - Shanghai (China) - Busan (Korea) - Manzanillo (Mexico) - Lázaro Cárdenas (Mexico).

Source: MSC

11. MSC East Coast Rates Break the $10,000 Mark

On June 24, it was reported that recent dynamics in the container shipping market indicate that global spot rates are still rising, though the rate of increase has slowed compared to May and early June. However, some shipping companies like Mediterranean Shipping Company (MSC) and Maersk have recently announced rate adjustment plans for European and American routes.

Specifically, MSC announced that from July 1, the rates for European routes will be increased to a maximum of $9,800. Maersk also informed customers that the rate for European routes per large container will be increased by $2,000, reaching a maximum of $9,400. Additionally, MSC has pushed ahead with a significant rate adjustment for the East Coast of the United States, planning to increase the rate per large container by $2,000 starting July 1. If successful, the rate will exceed $10,000, reaching $10,400.

Source: Maritime Network

12. Wuxuan Airport's First International Cargo Route

On June 24, it was announced that the Wuhu Municipal Transportation Bureau and other departments held a press conference to officially announce the launch of the Wuhu Air Cargo Hub's first international cargo route "Wuhu=Hanoi," which is scheduled to open on June 28. The inaugural flight of this international cargo route will provide experience and support for Wuxuan Airport in opening more international cargo routes in the future and accelerating the development of a world-class air cargo hub.

Source: Air Cargo News Express

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