1. Jiyuda Logistics Announces New Strategic Partnership  

On August 23, Jiyuda Global Logistics Co., Ltd., a leading provider of end-to-end supply chain solutions focused on cross-border logistics, announced a strategic partnership with Shenzhen Aimai Supply Chain Services Co., Ltd. Aimai is an industry leader in providing logistics and last-mile delivery services in emerging markets such as the UAE and Saudi Arabia. This partnership aims to streamline Aimai’s logistics operations in China by offering comprehensive supply chain solutions, including air, sea, land transportation, and customs services.  

Source: Jiyuda Jayud

2. Lege Overseas Warehouse Officially Becomes TEMU Certified Warehouse

On August 23, it was announced that Lege Overseas Warehouse has officially become a TEMU certified warehouse. After authorization, sellers can automatically synchronize orders to the Lege WMS system for shipment and enjoy various platform benefits. TEMU’s partner warehouses provide local storage and fulfillment services for sellers. After joining a TEMU partner warehouse, the TEMU platform will push orders to the warehouse, which will then process and ship the orders, and return the order and shipment status to the TEMU platform, thereby improving order processing efficiency.  

Source: Lege Overseas Warehouse

3. J&T Express Aims to Align with Leading Companies in the Chinese Market

On August 23, J&T Express released its 2024 semi-annual report, revealing that revenue from the Chinese market accounted for over 60%, with approximately $3 billion in revenue for the first half of the year, a year-on-year increase of about 36%. The adjusted EBITDA reached $200 million, compared to -$44.967 million in the same period last year. The adjusted EBIT turned positive for the first time, reaching $59.595 million.  

Hou Junyi, Vice President of J&T Express, stated that J&T Express is still a newcomer in the world's largest Chinese express market and needs to undergo multiple iterations of infrastructure, which will have delayed effects and require a certain time cycle. Currently, J&T Express ranks sixth in the domestic market, behind SF Express and the five Tongda companies. This progress is the result of both capital investment and internal team development. By the end of 2023, the domestic network capacity will be able to handle more than 55 million orders per day. In the future, J&T Express will continue to optimize costs and efficiency in the Chinese market, aiming to align with industry-leading companies. However, there is still a gap between J&T Express and its domestic peers in terms of cost and efficiency optimization.  

Source: The Paper

4. Jiacheng International Logistics Adjusts 2023 Profit Distribution Total  

On August 23, Guangzhou Jiacheng International Logistics Co., Ltd. announced that due to the conversion of convertible bonds into shares before the equity registration date for the implementation of the rights distribution, the company’s total share capital has changed. The company will maintain the per-share distribution ratio and adjust the total distribution amount accordingly. The latest equity distribution information is as follows: this profit distribution and capital increase will be based on the company's total share capital on the equity registration date. A cash dividend of 1 yuan (including tax) will be distributed for every 10 shares, and 4.8 shares will be added to all shareholders for every 10 shares using the capital reserve.  

Source: Jiacheng International

5."Black Myth: Wukong" Products Launched on AliExpress, Amazon, and TEMU

On August 23, it was reported that the "Black Myth: Wukong" co-branded controller was launched on AliExpress and sold out within 10 seconds. In addition, many merchants have already listed "Black Myth: Wukong" related products on cross-border platforms like Amazon and TEMU.  

It is reported that AliExpress, as a launchpad for Chinese brands going global, has introduced a 10 billion yuan subsidy and overseas warehousing services this year. Additionally, it has launched special logistics lines for pet food and large items, attracting many Chinese brands to expand overseas, covering a wide range of products from gaming peripherals to furniture and appliances.  

Source: Sina Finance

6. Global Most Popular Apps in the First Half of 2024  

On August 23, the rankings of the most popular global apps for the first half of 2024 were updated. In the first quarter of 2024, TikTok ranked third globally. In the second quarter, TikTok maintained the third spot, while TEMU ranked fifth. In the list of the most popular iOS apps globally for the first half of 2024, TEMU ranked first. In the list of the most popular Android apps globally for the first half of 2024, TikTok ranked sixth.  

Source: Backlinko

7. TikTok's "Change of Mind" Returns Policy Will Not Affect Store Metrics

On August 23, TikTok officially explained the rules for the "Change of Mind" returns policy for products that are "no longer needed." This rule will apply to cross-border orders in Southeast Asia (Malaysia, the Philippines, Singapore, Thailand, and Vietnam) starting August 27, 2024. The "Change of Mind" return scenario allows buyers to return items if they change their minds after receiving the goods, under certain conditions. This scenario does not affect the store's metrics, and sellers will not be penalized by the platform, nor will they bear the shipping and return costs. Buyers can check the "Change of Mind" label in the return policy section on the product details page to determine whether the product supports returns and refunds for this reason.  

Source: Ebrun

8. Amazon Announces Inventory Cutoff Dates for Fall Promotions

On August 23, Amazon’s U.S. site announced important cutoff dates for FBA inventory for Fall Prime Day, Black Friday, and Cyber Monday. Sellers wishing to have their products available with Prime shipping during the promotional season must complete inventory for Fall Prime Day by September 13, and for Black Friday and Cyber Monday by October 19. Additionally, Amazon has introduced a discount program for its Amazon Warehousing and Distribution (AWD) service, offering sellers low-cost storage options and flexible inventory replenishment services. This program has no additional fees during peak periods and includes discounts on storage, processing, and transportation fees, helping sellers optimize inventory strategies and easily navigate peak season challenges.  

Source: Amazon

9.Amazon’s New Mexico Fulfillment Center Begins Operations

On August 23, Amazon announced that its new fulfillment center, ABQ2, in New Mexico, USA, has officially begun operations after two and a half years of construction. The center, located in Los Lunas, covers 1 million square feet. Amazon invested over $300 million in the facility, which is now its second logistics hub in central New Mexico, dedicated to sorting, packing, and shipping parcels.  

Source: Amazon

10. Damon Technology Wins SHEIN Project

On August 23, Damon Technology announced that it has won a bid for Style Link Logistics LLC’s "SHEIN USA B4 Smart Logistics Project," with the bid amounting to $23.4999 million. The project is a smart logistics initiative and falls within the company's core business operations, marking a significant step forward in Damon Technology’s global expansion strategy.  

Source: Damon Technology

11. China Civil Aviation Handles 4.926 Million Tons of Cargo and Mail from January to July

On August 23, the Civil Aviation Administration of China (CAAC) released statistics for major production indicators in July 2024. In terms of air cargo, 752,000 tons of cargo and mail were handled in July, a year-on-year increase of 25.1%. Of this, 432,000 tons were handled on domestic routes, up 18.4% year-on-year, while 320,000 tons were handled on international routes, up 35.5% year-on-year. From January to July, the total cargo and mail throughput was 4.926 million tons, a year-on-year increase of 27.0%. This included 2.955 million tons on domestic routes, up 22.4% year-on-year, and 1.971 million tons on international routes, up 34.5% year-on-year.  

Source: Civil Aviation Administration of China

12.New U.S. Customs Regulation: Compliance Required for Section 321 Duty-Free Exemption

On August 23, some sellers received notifications from Amazon regarding new U.S. customs regulations. Under these new rules, goods imported for personal use with a daily value not exceeding $800 can qualify for the Section 321 duty-free exemption. To ensure smooth customs clearance, sellers must follow strict guidelines, including providing accurate estimated arrival dates and properly formatted shipment documentation, clearly marking the owner’s information. Non-compliance may result in customs delays, refusal of entry, increased duties, and documentation risks. Sellers are advised to promptly communicate with their logistics providers to ensure compliance and avoid unnecessary losses.  

Source: Ebrun

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