1. SF Holdings Resubmits Listing Application to Hong Kong Stock Exchange

On July 1, it was reported that SF Holdings Co., Ltd. submitted a listing application to the main board of the Hong Kong Stock Exchange, with Goldman Sachs, Huatai International, and J.P. Morgan acting as joint sponsors. SF Holdings previously submitted a listing application on August 21, 2023. Based on 2023 revenue, SF Holdings is the largest integrated logistics service provider in Asia and the fourth largest globally. From 2021 to 2023, it was also the fastest-growing among the top four global integrated logistics service providers in terms of revenue growth.

Source: Zhitong Investment Research Society

2. Amazon Plans to Establish a New Shipping Channel from China

On July 1, it was reported that Amazon unveiled a plan during an invitation-only meeting with Chinese merchants to launch a new channel on its platform to sell fashion apparel and home products from unknown Chinese brands. The presentation indicated that Amazon will pick up orders directly from China and deliver them to U.S. consumers within 9 to 11 days after the order is placed. So far, Chinese merchants typically transship goods to Amazon's U.S. customers via U.S. warehouses.

Source: Wall Street Journal

3. FedEx Launches Two New International Cargo Routes

On July 1, it was reported that FedEx recently opened new full-cargo international routes in Xiamen and Qingdao and will establish international gateway operation centers in both cities. The Xiamen route will depart from Gaoqi International Airport, stopover in Incheon, South Korea, and continue to Anchorage, Alaska, providing greater capacity for FedEx customers in Xiamen and the Fujian region, and helping to shorten the shipping time for exports to North America. The Qingdao route will depart from Qingdao Jiaodong International Airport, stopover in Osaka, Japan, and proceed to FedEx's main transshipment hub city in the U.S., shortening the shipping time for customers in Qingdao and the Shandong region by one day.

Source: China Civil Aviation News

4. JD Airlines Opens Nantong-Incheon Cargo Route

On July 1, it was reported that a full-cargo flight carrying cross-border e-commerce goods and communication electronics products took off from Jiangsu Nantong Xingdong International Airport and successfully arrived at Incheon International Airport in South Korea. This marks the successful maiden flight of the "Nantong-Incheon" cargo route, jointly operated by JD Airlines and China National Foreign Trade Transportation Corporation (Sinotrans). This significant move represents a new step in the deep cooperation between the two companies in international air cargo and advances JD Airlines' global logistics network layout.

Source: Global Air Cargo

5. Xi'an Airport Launches New International Cargo Route

On July 1, it was reported that Aviastar-TU Airlines opened the "Xi'an⇌Krasnoyarsk" international cargo route, operated with a TU-204 freighter. This is Xi'an Airport's first new international cargo route of the year, with a round-trip cargo capacity of 50 tons. Outbound shipments mainly include mail, general cargo, and cross-border e-commerce goods, while inbound shipments primarily include meat, alcohol, and other specialty products from Russia. Aviastar-TU Airlines operates 10 freighters, including six Boeing B757-200F freighters and four TU-204 freighters, with one aircraft operated by DHL, two by Russian Post, and one by Cainiao.

Source: Western Airport Aviation Logistics

6. Wuxuan Airport Officially Opens Its First International Cargo Route

On July 1, it was reported that JD Airlines' flight JG2819 landed smoothly, marking the official opening of Wuxuan Airport's first international cargo route (Wuhu⇌Hanoi). This new "Wuhu⇌Hanoi" international cargo route is operated by JD Cargo Airlines and represents an important step in the strategic cooperation between Wuhu City Government and JD Group.

Source: Anhui Daily

7. 1688 Launches "Cross-border Select" Product Catalog

On July 1, it was announced that 1688 has launched the "1688 Cross-border Select" product catalog for cross-border buyers. According to official information, 1688 will consolidate high-quality source factory products into one catalog, clearly marking product qualification information, weight and size parameters, logistics attributes, etc., to facilitate overseas transportation. Additionally, there will be English product detail pages and support for rapid shipping to help buyers distribute goods downstream. From the sellers' perspective, no additional fees will be charged for products sold through this catalog.

Source: E-commerce Research Society

8. Shopify Adds Customer Segmentation Search Feature

On July 1, it was reported that Shopify Flow has recently introduced a new workflow feature to help merchants automate the filtering of specific customer segments, making customer management more intuitive and straightforward. By adding the "Find Customers in Segment" action to workflows, merchants can use relevant data from the variable selector in subsequent steps. When using this data in later conditions or actions, simply select "Find Customers in Segment" in the return data section of the configuration panel. This feature will further enhance merchants' precise customer management and marketing capabilities.

Source: Shopify Independent E-commerce

9. TikTok Shop Launches SOAR Together Program

 On July 1, it was reported that TikTok Shop has launched the SOAR Together program, aimed at helping small and medium-sized businesses (SMBs), entrepreneurs, and creators succeed and grow their businesses on TikTok. The program will provide tailored support and resources to help participating SMBs advance their business and creative efforts on TikTok Shop. As the first two social impact projects of the program, TikTok Shop will focus on supporting and empowering women-owned businesses and LGBTQIA+ businesses.

Source: AMZ123

10. Singapore's Shentong No Longer Holds Cainiao Equity

On July 1, it was reported that Shentong Express announced that Singapore's Shentong had transferred its 114,094,165 ordinary shares (0.74% stake) in Cainiao to Ali CN at a price of $0.62 per share, totaling $70.7384 million. Recently, Singapore's Shentong and Ali CN signed a Stock Purchase Agreement. Singapore's Shentong received the delivery payment of $63.6645 million from Ali CN on June 27, 2024. After the transaction, Singapore's Shentong no longer holds any equity in Cainiao.

Source: Logistics Insight

11. Global E-commerce Sales Expected to Reach $3.9 Trillion in 2024

On July 1, it was reported that a research report released by Goldman Sachs Research's Global Equity Strategy Team indicated that global e-commerce sales reached $3.6 trillion in 2023 and are expected to grow by 8% year-over-year to $3.9 trillion in 2024. Supported by overall retail sales growth and rising e-commerce penetration rates, Goldman Sachs Research projects that global e-commerce sales will have a compound annual growth rate (CAGR) of 7% from 2023 to 2028, reaching $5.0 trillion by 2028.

Source: China News Network

12. Hainan Plans to Promote Cross-border E-commerce Supervision Sites, Overseas Warehouses, and Independent Platforms

The Hainan Provincial Department of Commerce has publicly solicited opinions on the "Guiding Opinions on Promoting the High-Quality Development of Cross-border E-commerce." These guidelines cover several aspects, including supporting the construction of cross-border e-commerce supervision sites, overseas warehouses, and independent platforms, as well as enhancing digitalization levels. Additionally, they encourage the development of cross-border e-commerce live streaming, strengthening the cross-border e-commerce supply chain, and encouraging enterprises to participate in domestic and international professional exhibitions. The guidelines also propose guiding enterprises to utilize open air rights policies to consolidate and ship cross-border e-commerce goods in Hainan, aiming to reduce logistics costs and improve transportation efficiency.

Source: The Paper

13. Boeing Resumes Cargo Aircraft Deliveries to China

According to informed sources, Boeing has been approved to resume deliveries of wide-body passenger aircraft to Chinese airlines after Chinese aviation safety regulators completed a key cockpit component technical review. Boeing is preparing to deliver 787 Dreamliner and 777 freighter aircraft to Chinese customers. As negotiations are confidential, the sources wished to remain anonymous. The sources also indicated that Boeing has not yet been approved to deliver 737 Max aircraft to China, but it is expected that this approval will be restored in the coming weeks.

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Cross-border E-commerce Logistics Bai Xiaosheng