1.JD Logistics Releases 2024 Semi-Annual Report

On August 16, JD Logistics released its 2024 semi-annual report. The financial report shows that JD Logistics' total revenue in the first half of the year was RMB 86.3 billion, a year-on-year increase of 11%. Adjusted net profit was RMB 3.12 billion, a year-on-year increase of 2631.2%, setting a new high in profitability. This marks the fifth consecutive quarter of profitability, significantly exceeding market expectations.  

Source: JD Logistics

2.Air China and China Southern Airlines Release July Operating Data

On August 16, Air China and China Southern Airlines successively released their main operating data for July 2024. Air China's cargo capacity input in July (measured by available cargo ton-kilometers) increased by 15.3% year-on-year and 7.4% month-on-month. Cargo and mail turnover (measured by revenue cargo ton-kilometers) rose by 44.5% year-on-year and fell by 0.4% month-on-month. The cargo load factor was 41.1%, up 8.3 percentage points year-on-year and down 3.2 percentage points month-on-month. Among them, revenue cargo ton-kilometers reached 409.6 million, with 120,798.7 tons of cargo and mail, of which international cargo and mail amounted to 40,537.8 tons.

China Southern Airlines' cargo capacity input in July (measured by available ton-kilometers for cargo and mail) increased by 10.43% year-on-year. Cargo and mail turnover (measured by revenue ton-kilometers for cargo and mail) increased by 16.67% year-on-year. The cargo and mail load factor was 49.36%, up 2.64 percentage points year-on-year. Among them, revenue ton-kilometers for cargo and mail reached 789.4 million, with a cargo and mail volume of 147.82 thousand tons, of which international cargo and mail volume was 73.51 thousand tons.

Source: Air China and China Southern Airlines July Operating Data Announcements

3.Alibaba Releases Q1 FY2025 Revenue

On August 16, Alibaba announced its revenue for the first quarter of FY2025 (the quarter ending in June). The revenue was RMB 243.24 billion, an increase of 4% year-on-year. Adjusted EBITDA was RMB 51.16 billion, down 1.7% year-on-year. The adjusted earnings per ADS for the first quarter were RMB 16.44.

The International Digital Commerce Group, which includes Lazada, AliExpress, Trendyol, Alibaba.com, and other businesses, generated revenue of RMB 29.293 billion (approximately USD 4.031 billion), a year-on-year increase of 32%. Revenue from Cainiao Network (CSNLL) was RMB 26.811 billion (approximately USD 3.689 billion), a year-on-year increase of 16%. Cainiao's revenue continued to grow steadily, with the global smart logistics network accelerating its expansion.

Source: Eastmoney.com

4.TikTok Launches 1-Cent Shopping Rewards Program

On August 16, it was reported that TikTok is launching a "1-Cent Shopping Rewards" program in the United States. American users can buy popular items like clothing, electronics, and cosmetics for just 1 cent on TikTok Shop by inviting new users to join TikTok. Users only need to pay for shipping.

Source: TikTok

5.Amazon US "Refund Only" Feature Officially Launched

On August 16, it was reported that Amazon's "Refund Only" feature has officially been launched in the US, applicable to items priced below $75. This model can simplify the return process and reduce costs, but it can be manually disabled. Sellers have mixed opinions about this feature; some believe it can save disposal fees, while others worry about potential abuse by customers. Sellers can decide whether to enable this feature based on their situation, and it can be turned off at any time if disposal fees are too high.

Source: Amazon

6.Temu Europe Local Store Integrates with Dianxiaomi ERP

On August 16, it was reported that with the influx of the first batch of sellers into the European market, Dianxiaomi ERP has followed suit, completing the integration with Temu's local stores in Europe. Additionally, it has launched listing and order management functions to help sellers improve operational efficiency and reduce repetitive labor.

Source: Dianxiaomi

7.Taobao to Adjust Merchant Entry Requirements for "Direct Overseas Shipping" Service

On August 16, it was reported that Taobao will adjust the entry requirements for merchants offering the "Direct Overseas Shipping (New)" service. Starting from August 20, sellers applying to join this service must first join the Global Purchase Market and apply for a Global Buyer or Global Purchase Store label. From August 22, non-Global Purchase sellers will gradually be removed from the service label.  

Source: Taobao

8. eBay UK Notifies Sellers to Upgrade to Business Accounts

   On August 16, eBay notified some UK sellers that they need to upgrade from private sellers to business sellers in order to comply with government consumer protection legislation. This move has sparked controversy among sellers. Some believe this action is in response to the upcoming EU General Product Safety Regulations (GPSRs) to ensure all business sellers are compliant. eBay responded by stating that the emails were not sent in error but were based on the assessment of account sales activities, requiring sellers whose transaction volumes exceed the private account standards to upgrade.  

Source: eBay

9. MSC Launches Direct Shipping Route from Shanghai to Dammam

On August 16, it was reported that MSC is launching a new independent connection service to provide direct links between Chinese and Saudi ports, aiming to alleviate port congestion. The new service, named Clanga, will offer competitive transit times for cargo from Asia to the Middle East and will further enhance trade links between China, Singapore, and Saudi Arabia by calling directly at Dammam. Additionally, this route will provide a unique and competitive service for Saudi exports to the Far East by directly connecting Dammam with Shanghai, China. The service is scheduled to start in the week of August 26 with the following route: Shanghai, China – Ningbo, China – Shekou, China – Singapore – Dammam – Shanghai, China.

Source: MSC

10. MSC Adjusts a Shipping Service Route

On August 16, MSC announced that it will adjust its Falcon service rotation on August 19 to optimize its network. The Dammam route will be removed, and the Nansha, China route will be added. The new rotation will be: Tianjin Xingang – Busan – Qingdao, China – Shanghai, China – Ningbo, China – Xiamen, China – Nansha, China – Shekou, China – Singapore – Jebel Ali – Abu Dhabi – Hamad – Umm Qasr – Abu Dhabi – Tianjin Xingang.  

Source: MSC

11.Cross-Border E-Commerce and Overseas Warehouses Support "Made in Foshan" Going Global

On August 16, it was reported that the first batch of cross-border e-commerce "9810+9610" export goods was successfully cleared under the supervision of Foshan Customs, marking the successful launch of Foshan's cross-border e-commerce retail export list and overseas warehouse export declaration consolidated cargo mode. This provides a new logistics model for many small and micro enterprises to expand overseas markets by leveraging new foreign trade formats and channels.  

Source: Yangcheng Evening News

12.Zhejiang Constructs "Two Hubs, Two Special, One Specialized" International Cargo Airport System

On August 16, the Zhejiang provincial government issued the "Opinions on Building a High-Level Civil Aviation Powerhouse and Creating a Low-Altitude Economic Development Hub" (referred to as "Opinions"). According to the "Opinions," Zhejiang will build an international air cargo airport system with "Two Hubs (Hangzhou Airport, Ningbo Airport), Two Special (Wenzhou Airport, Yiwu Airport), and One Specialized (Jiaxing Nanhu Airport)" to strengthen the coordination of the international air logistics network and industrial chain. The plan also includes establishing a supply-demand docking mechanism for air logistics, guiding and supporting air logistics companies and manufacturing enterprises to go global together, and jointly building overseas cargo stations, transfer centers, and overseas economic and trade cooperation zones, aiming to create a global 72-hour air logistics backbone network.  

Source: China Transportation News Network

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