1. Amazon Ranked First in GMV in the First Half of the Year

On September 6, according to public data compiled by Cross-Border Research, Amazon's Gross Merchandise Volume (GMV) for the first half of 2024 reached $350 billion, leading Shopify's $128.1 billion by a wide margin. Among China's four leading outbound e-commerce platforms, AliExpress and SHEIN both recorded GMVs of $30 billion; TEMU's GMV was $20 billion, and TikTok SHOP's GMV was $10.7 billion. The top 20 platforms in terms of GMV for the first half of 2024 include Amazon, Shopify, Walmart, Shopee, eBay, AliExpress, SHEIN, MercadoLibre, TEMU, Lazada, OZON, Wildberries, TikTok SHOP, Zalando, Trendyol, Wayfair, Etsy, Coupang, Otto, and Jumia.

Source: Cross-Border Research

2. TEMU Sparks New Price War

On September 6, Cube Asia, a market analysis company, released a report indicating that TEMU may trigger a new price war after entering the Thai market. Cube Asia's research found that branded products only account for 12% of TEMU's product selection, while a significant portion of products on established platforms come from official stores operated by brands or authorized dealers. Cube Asia notes that Southeast Asian consumers are already accustomed to low-priced Chinese goods. TEMU connects manufacturers and wholesalers, primarily in China, directly with global customers, offering lower prices than existing platforms. Sellers on other platforms should prepare for this new price competition to maintain their market share.

Source: Cube Asia

3. Northwest Cargo Airlines Opens New International Cargo Route

On September 6, Northwest Cargo Airlines launched a new international cargo route between Xi'an and Tashkent, using a B757-200F freighter. The flight, CO9625, will initially operate once per week, with plans to increase frequency based on market demand. The route primarily transports mechanical parts, communication equipment, electronics, and specialty agricultural products. This is the second Central Asia cargo route launched by Northwest Cargo Airlines, following the Xi'an–Almaty route, and the fourth new cargo route opened this year.

Source: Northwest Cargo Airlines

4. MSC Acquires British Logistics Company

On September 6, Mediterranean Shipping Company (MSC) subsidiary Medlog completed the acquisition of British logistics company Maritime Group. The financial terms were not disclosed. According to the announcement, Maritime Group will continue to operate under its existing brand with the current management team, led by John Williams, remaining in place with support from Medlog's new investment.

Source: Shipping Industry

5. China Southern Sets Record for Passenger and Cargo Volumes in Beijing

On September 6, during the 2024 summer travel season, China Southern's Beijing hub added over 680 flights to popular routes between Beijing and Xinjiang, Northwest China, and Northeast China, setting a record for both passenger and cargo volumes. In cargo operations, China Southern Logistics reported a 48% year-on-year increase in cargo and mail volumes from Beijing.

Source: China Southern Logistics

6.Newegg's First Half Revenue Reaches $618 Million

On September 6, U.S. e-commerce platform Newegg reported its financial results for the first half of 2024. As of June 30, Newegg's revenue was $618.1 million. The financial highlights for the first half of the year include:

- Revenue: $618.1 million

- GMV: $746.7 million

- Gross profit: $63.1 million

- Net loss: $25 million, compared to $29.3 million for the same period last year.

Source: Newegg

7. Amazon to Have 9.7 Million Sellers

On September 6, it was reported that Amazon is expected to have 9.7 million sellers by the end of 2024, with 1.9 million active sellers. Currently, third-party sellers contribute 60% of Amazon's total sales. Amazon's product catalog includes more than 12 million items, covering books, media, wine, and various services, with the total number of products exceeding 350 million. In 2024, 839,900 new sellers have already entered the market, with an average of 3,700 new sellers joining daily. By the end of the year, the number of new sellers is expected to rise to 1.35 million.

Source: Seller Central

8. Lazada Indonesia Increases Seller Management Fees

On September 6, Lazada Indonesia announced an increase in seller management fees. The fees are calculated based on product categories, with Category A fees ranging from 6.18% to 8%, Category B from 5.68% to 7.5%, Category C from 3.93% to 5.75%, and Category D from 2.43% to 4.25%. Meanwhile, LazMall sellers' fees will remain unchanged.

Source: Lazada

9. DMM Launches Cross-Border E-commerce Support Services

On September 6, Japanese e-commerce platform DMM launched a new cross-border e-commerce support service aimed at the Chinese market. The service provides a comprehensive range of cross-border solutions for Japanese companies looking to enter China. This new service represents a major expansion for DMM in the cross-border e-commerce space. The solutions offered by DMM cover everything from setting up cross-border stores to product distribution management and promotion, helping Japanese businesses enter the Chinese market smoothly.

Source: Commercial Insight

10. COSCO Shipping and TCL Launch New Cooperation

On September 6, COSCO Shipping and TCL launched a new North American warehousing cooperation in Fontana, California. This is an important part of the end-to-end logistics cooperation between COSCO Shipping and TCL, which will further optimize TCL's supply chain management in North America, improve logistics efficiency, and enhance customer service experience. The warehouse is located near the ports and airports of Los Angeles, and covers the entire cross-border logistics chain, with all services supported by advanced digital systems for real-time tracking and monitoring.

Source: China Shipping Weekly

11. CMA CGM Introduces Global Peak Season Surcharges

On September 6, French shipping group CMA CGM announced new global peak season surcharges, effective in the coming weeks. Initially, shipments from all Northern European ports to the U.S. East Coast, the U.S. Gulf, the Canadian East Coast, and the Mexican East Coast, as well as inland destinations accessible through these ports, will be subject to a surcharge of $250 per refrigerated TEU and $500 per refrigerated FEU. Additionally, from September 15, a Peak Season Surcharge (PSS) of $1,000 per unit will apply to shipments from the Indian subcontinent, the Middle East Gulf, the Red Sea, and Egypt to the U.S. East Coast and the U.S. Gulf Coast. Another PSS of $1,000 per unit will be implemented from October 1.

Source: CMA CGM

12. SeaLead Launches Direct Shipping Service

On September 6, SeaLead officially launched a new direct shipping service called Far East India Djibouti (FID), connecting China, India, and Djibouti. The FID service will operate once a week, westbound from Shanghai, calling at Ningbo, Nansha, Port Klang, Colombo, Nava Sheva, and Mundra, before reaching Djibouti. The eastbound route will return from Djibouti directly to Shanghai.

Source: SeaLead

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Official Account: Cross-Border E-commerce Logistics Baixiaosheng