1.Jia You International Discloses 2024 Semi-Annual Report

On August 29, Jia You International disclosed its 2024 semi-annual report. During the reporting period, the company achieved a revenue of RMB 4.641 billion, a year-on-year increase of 65.27%. The net profit attributable to shareholders was RMB 759 million, up 50.74% year-on-year, while the net profit excluding non-recurring gains and losses was RMB 752 million, up 52.37% year-on-year. The company’s basic earnings per share were RMB 0.78. The company plans to distribute a cash dividend of RMB 0.3 per share (tax included). It is reported that Jia You International has been committed to opening up logistics channels in inland countries and regions, continuously deepening its business model, exploring business innovations, and consolidating and upgrading its competitive advantages in the China-Mongolia, China-Africa, Central Asia, and Central-South America regional markets.

Source: Jia You International

2.Kerry Logistics Releases Interim Results

On August 29, Kerry Logistics released its results for the six months ended June 30, 2024. The data showed that revenue was HKD 25.432 billion, a year-on-year increase of 10%. Core net profit rose by 5% year-on-year to HKD 606 million. The integrated logistics business recorded a segment profit of HKD 693 million, while the international freight forwarding business recorded a segment profit of HKD 740 million, an increase of 18% from HKD 626 million in the first half of 2023.

Source: Kerry Logistics

3.Amazon Plans to Accelerate Its Expansion in the Indian Market

On August 29, it was reported that Amazon would accelerate its expansion in the Indian market, planning to enter the fast commerce sector, led by BlinkIt and Zepto, in early 2025. This move follows the steps of local competitors such as Flipkart and BigBasket, demonstrating the e-commerce giant's confidence in India's rapidly growing instant delivery market. Previously, Amazon not only strengthened its Amazon Fresh grocery service but was also rumored to be negotiating an acquisition of Swiggy Instamart to further promote market development.

Source: Ennews

4.YTO Express's Revenue Grows Over 20% in the First Half of the Year

On August 29, YTO Express released its 2024 semi-annual report. The report showed that in the first half of this year, YTO achieved an operating income of RMB 32.565 billion, a year-on-year increase of 20.61%. The net profit attributable to shareholders of the parent company was RMB 1.988 billion, a year-on-year increase of 6.84%, of which the express business achieved a net profit attributable to shareholders of the parent company of RMB 2.097 billion, a year-on-year increase of 13.48%. The volume of express business reached 12.203 billion pieces, a year-on-year increase of 24.81%, exceeding the industry average growth rate by 1.7 percentage points.

Source: YTO Express

5. TEMU Announces Flexible Tax Policies for Semi-Fulfillment Station in Japan

On August 29, TEMU, a cross-border e-commerce platform, announced that its semi-fulfillment Japan station is now officially online. The Japanese station does not require semi-fulfillment sellers to provide a tax number, allowing merchants to decide whether to register for Japanese Consumption Tax (JCT) based on their situation and take responsibility for tax compliance. In terms of delivery service, TEMU's Japan station has set differentiated delivery times for different regions, with a default of 2 working days for Honshu, Shikoku, and Kyushu regions, 3 working days for Hokkaido and Okinawa, and an option not to deliver to remote areas.

Source: Ennews

6.Ozon to Resume Sales of Certain Compliant Product Categories

On August 29, it was reported that Ozon would resume sales of certain compliant product categories that were temporarily closed in June. Ozon reminds sellers to review the updated product list, restore archived product cards, and update inventory and pricing information to ensure all data is accurate when reopening these categories.

Source: Ozon Global

7.Shopee Adds "6-Day Delivery" Logistics Channel for This Site

On August 29, it was reported that Shopee Malaysia station would add the SLS 6-Day Delivery logistics channel on September 2, 2024. This channel supports orders paid by buyers before 14:00 on the same day to be delivered within 6 shipping working days. Shopee will automatically enable this channel for eligible seller stores or products. However, this channel does not support pre-sale products, products shipped from Hong Kong warehouses, Nanning warehouses, or special cargo shipped from the East China region.

Source: Qijin Outsea

8.Tokopedia Seller Service Fees to Increase Next Month

On August 29, it was reported that the Tokopedia platform would adjust the service fee amount charged to Power Merchant and Power Merchant Pro member-level sellers, with an adjustment range of 1%-10% of the product price. This service fee adjustment will take effect on September 16. Regarding this adjustment, Tokopedia revealed that all product subcategories with a service fee percentage of 10% will enjoy a 20% discount, so the applicable service fee percentage will be 8%. The calculation formula is: Service Fee = (Price per product - Seller discount) × Service Fee Percentage by product category.

Source: Ebrun

9.Shopify Significantly Expands This Function

On August 29, it was reported that Shopify recently updated its deposit collection function, allowing merchants to set payment terms and collect a deposit on a certain percentage of the total order amount at checkout for B2B customers. Merchants can find the company location in the Shopify backend, click on "Edit Payment Terms" in the "Custom" card, and check the option to "Collect Order Deposit at Checkout," then enter the desired deposit percentage. The deposit amount can be configured according to each company's location, and after setting, all orders in that company's location will be determined by this deposit percentage. This update also significantly expands the B2B company profile management function. Merchants can now add up to 10,000 company locations and customer information in a single company profile, centrally managing all B2B customers.

Source: Shopify

10.DHgate Launches Freight Exception Reminder Feature

On August 29, it was reported that DHgate launched a freight exception reminder feature. If the shipping template set by the seller exceeds 180% of the market benchmark price, the platform will notify the seller through backend information reminders.

Source: DHgate

11.CMA CGM Air Cargo Opens "Hong Kong-Chicago" Cargo Route

On August 29, it was reported that CMA CGM Air Cargo, using a Boeing 777-200 freighter recently delivered by Atlas Air (the third aircraft in its fleet), opened the "Hong Kong (HKG)-Chicago (ORD)" trans-Pacific intercontinental cargo route. The outbound flight departs from Hong Kong, China, stops at Anchorage International Airport (ANC), and then arrives in Chicago. The return flight departs from Chicago, stops at Incheon Airport (ICN) in Korea, and then arrives in Hong Kong, China.

It is reported that the other two B777-200Fs will also be delivered to CMA CGM Air Cargo, headquartered at Paris Charles de Gaulle Airport (CDG), next year. The second B777-200F will be received in the fourth quarter of 2024 and will also be deployed on trans-Pacific routes connecting mainland China and North America. At that time, there will be seven weekly flights on the trans-Pacific route. The third B777F will be delivered in 2025, bringing the CMA CGM Air Cargo B777F fleet to five aircraft.

Source: Global Air Cargo

12.Astral Aviation Opens China-Kenya Cargo Route

On August 29, it was reported that Astral Aviation has incorporated China into its network, opening a new route from Guangzhou to Nairobi, with continued service to Maputo, Mozambique. This route will be served by a 767 freighter, operating one flight per week, but will increase to three flights per week from mid-October to mid-January, after which it will reduce to two flights per week.

Source: Logistics Baba

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