1. SF Express's International Business Grows by 32% in July

On August 21, it was reported that SF Express released its July performance report. The combined revenue from SF Holding's express logistics, supply chain, and international businesses reached RMB 22.598 billion, an increase of 15.41% year-on-year. Among these, revenue from the express business reached RMB 16.228 billion, an increase of 9.87% year-on-year, with a business volume of 1.03 billion shipments, an increase of 16.65% year-on-year. The revenue per shipment reached RMB 15.76. The revenue from the international and supply chain businesses was RMB 6.37 billion, an increase of 32.40% year-on-year.

Source: Express Magazine

2. PFW International Issues Positive Profit Alert

On August 21, it was reported that PFW International announced that the group expects to achieve revenue of approximately RMB 1.35 billion to RMB 1.5 billion for the six months ended June 30, 2024, an increase of approximately 100% to 123% compared to the same period last year. This growth is mainly due to the significant increase in the air freight business within freight forwarding services during the period, as well as contributions from customs clearance and distribution services in other logistics services. The profit attributable to owners for the period is expected to be approximately RMB 30 million to RMB 40 million, an increase of approximately 165% to 253% compared to the same period last year. This growth is mainly due to the increase in total revenue and the absence of listing expenses during the period, compared to the same period last year.

Source: Xueqiu

3、Sinotrans Continues to Increase Investment in Air Logistics

On August 21, it was reported that the Zhengzhou Airport Economic Comprehensive Experimental Zone and Sinotrans Logistics Investment Holding Co., Ltd. held a signing ceremony, planning to invest over RMB 510 million to establish a comprehensive logistics park at the Zhengzhou Airport. Sinotrans Investment is a wholly-owned subsidiary of Sinotrans Limited, established to support the development of Sinotrans Logistics's core business. The logistics business scale is among the leaders in the industry, with extensive experience in the development and operation of warehousing facilities. Its overseas network covers 41 countries and regions, with 67 self-operated outlets globally.

Recently, Sinotrans Logistics Investment Holding Co., Ltd. and Zhejiang Hangzhou Aviation Economic Development Company jointly formed Zhejiang Airport International Logistics Supply Chain Company, marking the collaboration between Sinotrans and Zhejiang Airport Group to establish the global smart logistics hub Hangzhou eHub project in Hangzhou Aviation Economic Demonstration Zone, with a total investment of approximately RMB 1 billion. Currently, Sinotrans has opened two cargo routes in Hangzhou, with three flights per week.

Source: Henan Daily, Hangzhou Daily

4、YTO Express, Yunda Express, and STO Express Release Latest Performance

On August 21, it was reported that three A-share listed express delivery companies, YTO Express, Yunda Express, and STO Express, released their July performance reports. YTO Express's revenue from express products in July was RMB 4.792 billion, an increase of 21.86% year-on-year, with a business volume of 2.138 billion shipments, an increase of 26.52% year-on-year. The revenue per shipment for express products was RMB 2.24.

Yunda Express's revenue from express services in July was RMB 3.971 billion, an increase of 14.87% year-on-year, with a business volume of 2.010 billion shipments, an increase of 27.78% year-on-year. The revenue per shipment for express services was RMB 1.98, a decrease of 10.00% year-on-year.

STO Express's revenue from express services in July was RMB 3.899 billion, an increase of 25.88% year-on-year, with a business volume of 1.949 billion shipments, an increase of 35.37% year-on-year. The revenue per shipment for express services was RMB 2.00, a decrease of 6.98% year-on-year.

Source: Express Magazine

5. Jiyou International Plans to Establish a New Company to Promote Cross-Border Logistics

On August 21, it was reported that Jiyou International announced it would accelerate the implementation of "low-altitude + cross-border logistics" related application scenarios in countries and regions with underdeveloped logistics capabilities. The company has recently signed a joint venture agreement with Nantong Guosheng Intelligent Technology Group Co., Ltd., Beijing Lingkong Tianxing Technology Co., Ltd., Beijing Qianche Xingcheng Enterprise Management Planning Limited Partnership, Jiaze Tiansheng Intelligent Technology Development (Shanghai) Limited Partnership, and Nantong Jiaguoxing Investment Management Limited Partnership to jointly invest in the establishment of Shengyouxing Technology Development (Jiangsu) Co., Ltd., which will primarily engage in the research and development, production, sales, and related technical services of unmanned aerial vehicle products. The joint venture company will have a registered capital of RMB 50 million, of which the company will invest RMB 12.5 million in cash, representing a 25% equity stake, with funds sourced from the company's own capital.

Source: Xueqiu

6. FedEx Introduces New Solution

On August 21, it was reported that FedEx has launched the innovative FedEx Surround® monitoring and intervention intelligent solution to enhance customers' control and visibility of their shipments, improving logistics and supply chain management. This solution is currently available in certain countries and regions and is being further promoted in the Asia-Pacific market. The FedEx Surround® monitoring and intervention tool can seamlessly integrate with FedEx's existing freight network, further enhancing the strong performance of the company's transportation and tracking solution portfolio.

Source: China Securities Network

7、Alibaba's AliExpress Establishes Base in Wuhan

On August 21, it was reported that Alibaba's AliExpress signed a cooperation agreement with Wuchang District of Wuhan City in Hangzhou, establishing the AliExpress Wuhan Industrial Park project in Wuchang. Once established, the AliExpress Wuhan Industrial Park will mainly serve the central and western regions of China, fostering a cluster effect by gathering cross-border e-commerce, logistics, and digital economy enterprises. This will help cultivate local advantage products and brands, support local small and medium-sized foreign trade enterprises in expanding cross-border, and attract cross-border e-commerce market entities to settle in, playing a significant role in promoting the aggregation and rapid development of the cross-border e-commerce industry across the city, with the goal of building a provincial-level cross-border e-commerce benchmark park.

Source: Changjiang Daily

8. Taobao's Global New Forces Week Officially Begins

On August 21, it was reported that following the launch of the "Global Free Shipping Plan for Apparel," Taobao has upgraded its most important apparel promotion, "New Forces Week," to "Global New Forces Week," further expanding its market on a global scale. The 2024 Taobao Global New Forces Week officially began yesterday. It is understood that this event offers the largest discounts ever, with Taobao providing substantial shipping subsidies as well as significant discount subsidies, with discounts as low as 50% off. From August 20 to August 23, all apparel items participating in the promotion, both domestically and internationally, will be eligible for a discount of RMB 30 off every RMB 300 spent.

Source: Jiemian News

9. TikTok Shop Updates Event Qualification Criteria in Southeast Asia

On August 21, it was reported that TikTok Shop updated the qualification rules for promotional events in Southeast Asia, aiming to improve user experience and ensure that participating sellers meet specific standards. Sellers must maintain a store rating above 3.0, have a violation score below 36, and keep the negative review rate, delayed fulfillment rate, and cancellation rate within specified limits, while ensuring that the product quality negative review rate remains below 1%. Sellers meeting these conditions will receive more exposure opportunities, potential buyers, and enjoy marketing support provided by the platform. Sellers need to regularly monitor and comply with the latest rules to fully capitalize on the business opportunities presented by promotional events.

Source: TikTok Shop

10. Wildberries Extends Product Delivery Time

On August 21, it was reported that Russian e-commerce platform Wildberries requires sellers to deliver products to the designated warehouse of the market platform within 72 hours, which includes the planned date and 24 hours before and after. Note: If sellers fail to deliver the goods within these 72 hours, the receiving coefficient will be recalculated based on the latest warehouse data. If sellers deliver goods to a non-planned warehouse, the receiving coefficient may also change.

Source: Wildberries

11. MSC Launches New Direct Service

On August 21, it was reported that MSC announced its Britannia service made its first call at the Port of Liverpool in the UK this week, marking the official launch of a new direct container service connecting the Northwest of the UK with the Far East. The maiden voyage of the MSC Tokyo departed from Vietnam, passed through China, and successfully arrived in Liverpool, signifying the opening of a new trade corridor.

Source: MSC

12. PIL Launches New Direct Service Between China and Bangladesh

On August 21, it was reported that Pacific International Lines (PIL) launched a new weekly direct service connecting major ports in China and Bangladesh. The new service, named the "China—Chittagong Express" (CCE), will start on August 31 from Ningbo, China, and will be serviced by multiple vessels. The weekly CCE service will call at the following ports: Ningbo, China—Shanghai, China—Shekou, China—Chittagong—Ningbo, China. PIL noted that the transit time from China to Bangladesh will be 9 to 14 days.

Source: Logistics Baba

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Official Account: Cross-Border E-commerce Logistics Baixiaosheng