1. Kerry Logistics Signs Agreement with SF Express Tyson

On August 2, Kerry Logistics Network Limited announced that it had signed four framework agreements with SF Express Tyson Group. These agreements include the 2024 Cargo General Sales Agency Framework Agreement, the 2024 Kerry Logistics Network Logistics Services Framework Agreement, the 2024 SF Logistics Services Framework Agreement, and the 2024 Kerry Holdings Framework Services Agreement, involving ongoing connected transactions.

According to the announcement, the 2024 Cargo General Sales Agency Framework Agreement will start on January 1, 2025, and end on December 31, 2027, with a possible extension of three years. SF Express Tyson Group has agreed to appoint Kerry Logistics Network Group as the exclusive cargo general sales agent to provide cargo marketing services for inbound and outbound flights.

Source: Viewpoint Institute

2. SF Airlines Opens New All-Cargo Route

On August 2, an all-cargo aircraft carrying 18 tons of cargo successfully took off from Hangzhou Xiaoshan International Airport to Osaka, Japan, marking the official opening of the all-cargo route from Hangzhou to Osaka. This is the first all-cargo route to an East Asian country opened by Hangzhou airport this year. Operated by SF Airlines, the route is scheduled to fly five times a week, primarily transporting cross-border e-commerce goods such as daily necessities and small appliances produced in the Yangtze River Delta region. The opening of this route will provide more convenient and faster logistics services for cross-border e-commerce companies to expand into the Japanese market and open up broader international markets for companies in the Yangtze River Delta region.

Source: Hangzhou Daily

3. J&T Express J&T SPEED Service Launches in Saudi Arabia

On August 2, J&T Express announced the launch of its J&T SPEED service in Saudi Arabia, promising same-city delivery in as fast as 14 hours. This service, aimed at meeting the growing demand for parcel delivery in the Middle East, officially launched in Saudi Arabia on June 27.

J&T SPEED offers convenient order placement channels, allowing users to place orders through the official app, website, and other methods easily. The service provides ultra-fast delivery, with an average delivery time of just 58 hours. Deliveries from Riyadh to Jeddah can be completed in as little as 20 hours, and same-city deliveries can be made in as fast as 14 hours.

Source: Viewpoint Network

4. South Korean E-commerce Platform Plans to Sell Shares to Chinese E-commerce Giants

On August 2, South Korean e-commerce platform WeMakePrice, after delaying payments to sellers, applied for corporate restructuring and is seeking to sell the company to Chinese e-commerce giants AliExpress or Temu, separately from TMON and Qoo10. Qoo10 hopes that AliExpress and Temu might be interested in acquiring WeMakePrice as both companies are actively expanding into the South Korean market.

Source: Chuhai Network

5. Amazon and Shopify Seller Numbers Grow in Q2

On August 2, Extensive released its 2024 Q2 market insights study, showing that despite an increase in seller numbers, the average order volume for Amazon and Shopify sellers has declined. The study analyzed order volume trends and seller dynamics across various e-commerce platforms. The declining average order volume for Amazon and Shopify sellers in Q2 indicates a saturated market, where the influx of new sellers has not led to a corresponding increase in orders, and consumers are more cautious. However, other platforms have seen growth in both seller numbers and average order volumes.

Source: AMZ123

6. eBay Q2 GMV Reaches $18.4 Billion

On August 2, eBay released its financial results for the second quarter of the 2024 fiscal year. The report shows that eBay's Q2 revenue was $2.6 billion, with a gross merchandise volume (GMV) of $18.4 billion. According to GAAP, the net profit from continuing operations was $226 million, or diluted earnings per share of $0.45, with an operating profit margin of 21.3%. The non-GAAP net profit from continuing operations was $602 million, or diluted earnings per share of $1.18, with an operating profit margin of 27.9%.

Source: eBay

7. Dianxiaomi ERP Launches "Wholesale Items" Feature

On August 2, Dianxiaomi ERP announced the completion of its integration with AliExpress's wholesale business and launched the "Wholesale Items" feature. Currently, AliExpress's wholesale business is in the phased testing stage, open only to a small number of POP sellers and invited users of semi-managed products. Invited users can see the wholesale shop entry in the marketing section of the merchant backend and authorize joining.

Source: Dianxiaomi

8. Newegg Platform Seller Services Fully Upgraded

On August 2, the “New Cross-border Operations Manager” SellingPilot product experience and promotion seminar, co-hosted by the Cross-border E-commerce Branch of the China Small and Medium Commercial Enterprises Association and Newegg, was recently held in Beijing. The “New Cross-border Operations Manager” SellingPilot system is the latest technological innovation from Newegg. This system utilizes the latest AI technology from North America, offering functions such as AI operations support, big data product selection, multi-order management, mass influencer connections, store data management, and comprehensive competitor analysis. These features provide Chinese sellers with a more business-savvy, practical, and fast-paced cross-border e-commerce operation experience, marking a comprehensive upgrade of seller services on the Newegg platform.

Source: Newegg Cross-border Store Opening

9. WILDBERRIES to Strictly Manage Product Dimensions

On August 2, it was announced that Russian e-commerce platform WILDBERRIES will implement a strict product dimension management policy to optimize storage and logistics costs. Merchants need to be aware that overstating product dimensions will directly lead to increased storage and logistics fees. The platform will conduct daily random checks on product dimensions to ensure consistency between declarations and actual sizes. If under-reporting of dimensions is found, logistics fees will be recalculated based on an adjustment coefficient and reflected in the weekly financial report. When creating product details, merchants must accurately fill in the length, width, and height in centimeters (only integers), and the system will automatically round up for precise calculations.

Source: Eanews

10. DHL Group Announces Q2 Results

On August 2, it was announced that DHL Group's performance in the second quarter of 2024 met market expectations. Despite a continuously weak economic environment, the group's revenue slightly exceeded that of the same period last year, reaching 20.6 billion euros (Q2 2023: 20.1 billion euros). As expected, earnings before interest and taxes (EBIT) were lower than the same period last year at 1.35 billion euros (Q2 2023: 1.7 billion euros), but significantly higher than pre-pandemic levels in 2019 (Q2 2019: 769 million euros), indicating a structural improvement in the group’s profitability.

Source: DHL

11. CMA CGM Announces Transfer of Part of Bolloré's Overseas Business

On August 2, CMA CGM announced the transfer of part of Bolloré Logistics' business in France's overseas territories to the Balguerie Group. CMA CGM stated that this move fulfills commitments made to the European Commission (EC) and the Polynesian Competition Authority (APC) during the acquisition of Bolloré Logistics. Meanwhile, CMA CGM added that Bolloré Logistics' operations in La Réunion and New Caledonia are now part of CEVA Logistics and are not affected by this sale.

Source: Maritime One

12. US Announces Delay in Tariffs on China

On August 2, the Office of the United States Trade Representative (USTR) announced on Tuesday that it would delay the imposition of substantial tariffs on various goods imported from China by two weeks, including a 25% tariff on Chinese-made ship-to-shore cranes. These tariffs were originally scheduled to take effect on Thursday and are currently under further review. The final decision is expected to be made in mid-August, with the tariffs taking effect two weeks later.

Source: Cross-border E-commerce Logistics Baixiaosheng

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