1.Top 25 Global Air Cargo Companies List Released

On September 3, it was reported that the IATA World Air Transport Statistics (WATS) released a report showing that in 2023, global demand measured in Cargo Tonne-Kilometres (CTKs) decreased by 1.7% compared to 2022 among the top 25 airlines, due to inflationary pressures reducing consumer spending. On the other hand, passenger airlines benefited from the continued rollout of bellyhold capacity.  

The full list of the top 25 global air cargo companies is as follows: FedEx, Qatar Airways, UPS, Emirates, Atlas Air, Korean Air, Turkish Airlines, Cathay Pacific Airways, China Southern Airlines, Cargolux, AeroLogic, Air China, Lufthansa, China Airlines, Avianca, Singapore Airlines, Kalitta Air, United Airlines, China Cargo Airlines, EVA Air, Ethiopian Airlines, Polar Air Cargo, Asiana Airlines, All Nippon Airways, LATAM.  

Source: WATS

2.Jiahe Logistics Completes CS Shipping Transaction

On September 3, Jiahe Logistics announced that the board was informed by CS Logistics that on August 30, 2024, the CS Shipping transaction was completed in accordance with the terms and conditions of the share purchase agreement dated April 8, 2024, between CS Holdings and DP World Logistics FZE ("DP World"). It is reported that following the completion of the CS Shipping transaction, DP World will facilitate the transfer of all 173,845,222 shares currently held by CS Shipping and CS Logistics to DP World ("restructuring"). After the restructuring is completed, DP World will become a direct shareholder of the company.  

Source: Tonghuashun Finance

3.TEMU and SHEIN Handle Approximately 900,000 Parcels Daily in the U.S.

On September 3, it was reported that the rapid rise of TEMU and SHEIN has injected strong momentum into the parcel delivery market. According to data provided by ShipMatrix to Supply Chain Dive, in July alone, these two e-commerce platforms provided approximately 900,000 parcels daily to carriers in the U.S. It is reported that the goods from these two companies enter the U.S. through simplified supply chain processes and “de minimis” exemptions. This helps to keep prices low, attracting more shoppers and thereby generating more delivery volume for carriers.  

Source: ShipMatrix

4.JD.com Global Selling Business Launched in Four New Countries

On September 3, it was reported that JD.com Global Selling (also known as "Main Site Selling") business was newly launched in the United States, Japan, Singapore, and Malaysia, with the requirement of not incurring losses in terms of performance. It is understood that JD.com hopes to see order growth from overseas traditional shopping festivals like "Black Friday." The business plans to continue expanding into markets in Europe, North America, and Oceania.  

Source: Caijing Magazine

5.Amazon Updates International Return Policy for Self-Fulfilled Sellers

On September 3, Amazon announced that from September 16, 2024, it will implement important updates to the international return policy for self-fulfilled sellers. The new policy requires international sellers without a default U.S. return address to provide either a no-return refund or a prepaid international return label within two days of receiving a return request. This change shortens the previous five-day return window to two days. Sellers will receive an email notification when processing refunds. They can upload return labels on the "Manage Returns" page in Seller Central in response to return requests. If sellers fail to respond within the specified time, Amazon may refund customers on behalf of the seller and deduct the corresponding amount from the seller's account.  

Source: Amazon

6.Amazon Conducts a Large-Scale Review of Prohibited Words

On September 3, it was reported that Amazon is conducting a large-scale review of prohibited words, with many sellers having their listings removed due to the presence of related terms, deemed to violate restricted product policies. The prohibited words being flagged mainly include terms like "Turkish," "Persian/Persia," etc., many of which are place names. The platform responded that certain ASINs were flagged as restricted products possibly due to sanctions requirements; products imported from or originating in countries like Cuba and Iran are not allowed to be sold on Amazon.  

Source: Chuhaiwang

7.Shopee Cross-Border Stores Launch “Logistics+” Service

On September 3, it was reported that Shopee cross-border stores have launched the “Logistics+” service, providing paid value-added services for Chinese cross-border sellers, mainly targeting the Malaysia and Philippines sites. By paying a service fee, this service helps sellers reduce losses caused by order delivery failures due to buyer reasons. Eligible orders do not require international returns and will be handled by Shopee, with sellers receiving 70% of the product's selling price as compensation. This not only simplifies the return process but also provides financial compensation to sellers, improving risk management efficiency and operational effectiveness.  

Source: Shopee

8.Dianxiaomi ERP Launches Full Managed Warehouse Stocking Function for AliExpress

On September 3, it was reported that Dianxiaomi ERP has launched a fully managed warehouse stocking function for AliExpress, focusing on the core stages of "order receiving" and "picking." Through digital means, this function reduces the workload for merchants and improves warehouse dispatch efficiency. Specifically, after authorizing Dianxiaomi ERP for fully managed AliExpress stores, merchants can handle orders from multiple platforms and stores within the system without needing to repeatedly switch backends, making management more convenient. Additionally, after receiving a stocking order from the platform, merchants can directly create a shipping order and print product labels with one click. Dianxiaomi ERP can intelligently match product SKUs with warehouse SKUs and shelf locations, enabling accurate and rapid picking and shipping. After the merchant confirms shipment, product inventory is automatically deducted, helping merchants to keep track of inventory status in real time and make accurate business decisions.  

Source: Dianxiaomi

9.TikTok Shop Malaysia Increases Commission Rates

On September 3, it was reported that starting from September 5, TikTok Shop Malaysia will raise seller transaction fees from 2.16% to 3.78%, which includes an 8% Service Tax (SST). This adjustment will impose different commission rates on ordinary users, authorized retail stores, and Mall sellers operating on the platform. Under the new rules, TikTok Shop's market commission rates will vary based on product categories and include the 8% SST. These commission rates are expressed as ranges, with specific standards depending on the subcategories of products. For Mall sellers, the commission rates will become higher.  

Source: TikTok Shop

10. Indonesia's E-commerce Giant Tokopedia Announces New Adjustments

On September 3, it was reported that Indonesia’s e-commerce giant Tokopedia will increase the commission rates for sellers from 1.0-6.5% to 1.0-10.0% starting September 16, 2024. The adjustment applies to Power Merchants (Tokopedia's member sellers) and Power Merchant PRO sellers. High-value, high-margin products may face higher rates, while low-value or low-margin products may enjoy lower rates. After the adjustment, certain categories of sellers can receive service fee discounts and use many exclusive features on Tokopedia.  

Source: Tokopedia

11.Shenzhen Cross-border E-commerce Comprehensive Pilot Zone Remains in the Top Tier

On September 3, the Ministry of Commerce released the 2023 annual assessment results of the Cross-border E-commerce Comprehensive Pilot Zones. The Shenzhen Cross-border E-commerce Comprehensive Pilot Zone was rated as "effective," maintaining its position in the top tier for three consecutive years. The Shenzhen cross-border e-commerce market is vibrant, with over 80,000 sellers, accounting for about 50% of the sellers nationwide.  

In 2023, Shenzhen’s cross-border e-commerce GMV exceeded 800 billion yuan, incubating numerous high-quality service providers, with 12 cross-border e-commerce listed companies, 23 national-level e-commerce demonstration enterprises, and 8 provincial-level cross-border e-commerce enterprises. Shenzhen accounts for over 40% of the top 100 brands in China's cross-border e-commerce brand influence rankings. In the first half of this year, Shenzhen's cross-border e-commerce import and export scale increased by 30% year-on-year, demonstrating strong resilience and injecting new vitality into Shenzhen's high-quality development.  

Source: Ministry of Commerce

12、STO Express Reports First-Half Net Profit of 437 Million Yuan

On September 3, it was reported that STO Express released its semi-annual report, showing that it achieved an operating income of 21.569 billion yuan in the first half of the year, a year-on-year increase of 13.01%. The net profit attributable to shareholders was 437 million yuan, a year-on-year increase of 100.17%. The net cash flow generated from operating activities exceeded 1.832 billion yuan, a year-on-year increase of 54.55%. The basic earnings per share were 0.29 yuan. In the first half of the year, STO completed 10.227 billion express deliveries, a year-on-year increase of 32.47%, with a market share increase to 12.76%, up 0.9 percentage points year-on-year.

Source: Logistics News

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