1、TEMU Surpasses eBay to Become the Second Most-Visited Website Globally 

August 15 news, TEMU has surpassed eBay to become the second most-visited e-commerce website worldwide. TEMU’s monthly visits are close to 700 million. According to SimilarWeb, AliExpress, TEMU, and SHEIN now account for 50% of Amazon's traffic.

Source: SimilarWeb

2、UPS Launches New Logistics and Warehousing Center

August 15 news, UPS announced the upgrade and launch of its Shanghai Fulian Supply Chain Logistics and Warehousing Center. The new facility has increased its storage area by nearly 41%, enhancing UPS’s logistics network capabilities between East China and global markets. The newly launched facility connects Shanghai with surrounding cities and enhances logistics network efficiency and operational flexibility in East China through integration with the UPS Shanghai International Transfer Center, facilitating rapid responses and seamless connections within the regional supply chain.

Source: China Postal Express & Logistics

3、Amazon Opens New Distribution Center in the Region

August 15 news, Amazon has opened a new distribution center in Leeds, UK, which is expected to create over 2,000 jobs. This new center is Amazon’s 31st distribution center in the UK, with an investment of £500 million. The state-of-the-art distribution center will use Amazon Robotics' advanced three-tier technology for storing, sorting, and shipping orders.

 Source: AMZ123

4、J&T Express Hong Kong Stock Rises Over 4%

August 15 news, J&T Express has officially signed a global strategic cooperation agreement with Sanziyang Group in Hefei. Under the agreement, J&T Express will further strengthen and develop its business foundation in China and explore new cooperation models in Southeast Asia and globally. Following this news, J&T Express-W saw its stock rise over 6% at one point on the 14th, with the current increase at 4.07%.

Source: Dongfang Wealth

5、Amazon Japan Enhances Last-Mile Delivery

August 15 news, Amazon announced that it will invest an additional 25 billion yen in 2024 to strengthen its last-mile delivery network in Japan. Jasper Chan, President of Amazon Japan, stated that Amazon has been a leader in logistics for over 20 years in Japan, pioneering innovations such as “designated delivery services.” By continuing to invest in last-mile delivery, Amazon aims to provide better services to Japanese customers and delivery partners.

Source: Amazon

6、Shopee's Q2 GMV Grows 29% Year-Over-Year

August 15 news, Shopee’s parent company Sea has released its Q2 2024 financial results. The report shows that Sea’s revenue for the second quarter was $3.81 billion, up 22.9% year-over-year. Net profit was $79.91 million, a decrease of 75.9% compared to the previous year. The diluted earnings per share were $0.14, compared to $0.54 in the same period last year. In the e-commerce segment, Shopee’s revenue for Q2 was $2.8 billion, an increase of 33.7% year-over-year, with GMV reaching $23.3 billion, a year-over-year growth of 29.1%.

Source: Sea

7、Cross-Border E-Commerce Platform "WOOK" Receives Strategic Investment

August 15 news, Southeast Asian B2B cross-border e-commerce platform "WOOK" has announced the completion of a strategic investment from HongNuo Ventures. Initially, WOOK focused on consumer electronics, using its B2B e-commerce platform to connect high-quality Chinese brand merchants with manufacturers. The company also established a strong offline team in Indonesia and other locations, allowing offline stores to place orders through the WOOK app, significantly shortening the traditional export chain. As of now, the WOOK app has gathered over 70,000 registered stores, creating a vast market channel network.

Source: Wangjing She

8、Temu's Monthly Active Users in Turkey Reach 9.3 Million

August 15 news, Gemius Turkey analyzed Temu from July 12 to August 6, surveying the number of active users in Turkey and their distribution by age and gender. The data shows that Temu has 9.3 million monthly active users and 1.4 million daily active users. The data indicates that Temu is very popular in the Turkish market. However, the Turkish government recently announced new tax regulations effective from August 21, reducing the value threshold for duty-free overseas goods from 150 euros to 30 euros. Over time, the new regulations will gradually impact the platform's overall performance and growth in Turkey.

Source: Gemius Turkey

9、Asiana Airlines Acquires Two Former China Airlines 747 Freighters

August 15 news, China Airlines has sold two Boeing 747-400 freighters to Korean airline Asiana Airlines. According to stock exchange documents, the transaction, mediated by Aviation Management Solutions, is valued at over 69.6 billion won ($51 million). Asiana Airlines stated that it is acquiring these jets to replace its aging freighter fleet to "improve punctuality." This acquisition comes as Asiana prepares to divest its cargo business and merge with its compatriot Korean Air.

Source: Cross-Border E-Commerce Logistics Baixiaosheng

10、Global Air Freight Rates Increase 10% Year-Over-Year

August 15 news, According to the latest data from the leading air freight price reporting agency TAC Index, the Baltic Air Freight Index has risen by 2.2%, with a year-over-year increase of 10%. Additionally, rates from China to Europe, the U.S., and the UAE have risen again. The outbound index from Hong Kong has further increased by 0.9%, a year-over-year growth of 20.3%. Shanghai outbound rates have risen by 1.8%, a year-over-year growth of 29.8%. Rates from Seoul to Europe have also increased.

Source: Cross-Border E-Commerce Logistics Baixiaosheng

11、2M Alliance Announces Changes to Asia-Nordic Service Network

August 15 news, The 2M Alliance, including Maersk and MSC, has decided to modify its Asia-Nordic routes, with the updated service to take effect in week 32 of this year. The 2M Alliance will cancel the call at Le Havre and add a new call at Yantian. Starting from Maersk Horsburgh 433E, the AE7/Condor service will no longer call at Le Havre.

Modified rotation: Ningbo (China) – Shanghai (China) – Nansha (China) – Yantian (China) – Tanjung Pelepas (Malaysia) – Colombo (Sri Lanka) – Tangier Med (Morocco) – Felixstowe (UK) – Hamburg (Germany) – Antwerp (Belgium) – London Gateway (UK) – Tangier Med (Morocco) – Abu Dhabi (UAE) – Jebel Ali (UAE) – Ningbo (China).

Source: Logistics Baba

12、Thailand Post Reports 140 Million Baht Profit for First Half of 2024

August 15 news, Kanon Supapan, President of Thailand Post Co., Ltd., stated that cross-border e-commerce is continuing to grow globally, and e-commerce activities in Thailand are also very active. It is expected that by the end of 2024, the Thai e-commerce market will exceed 700 billion baht. In the first half of 2024, Thailand Post’s total revenue was 10.6 billion baht, with a profit of 140 million baht, of which international business revenue was 1.29 billion baht, accounting for 12.2% of the total revenue.

Source: Ministry of Commerce

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