1. J&T Express Secures Nearly 9 Billion Yuan in Financing

On September 11, J&T Express announced that it had entered into financing agreements with several banks and financial institutions. The agreements include three loans: a USD 674 million (approximately RMB 4.797 billion) loan, a HKD 1.362 billion (approximately RMB 1.243 billion) loan, and a domestic and overseas RMB loan of approximately RMB 2.871 billion, with a 36-month term starting from the first disbursement. Based on the latest exchange rates, the total financing amount exceeds RMB 8.91 billion (approximately HKD 9.764 billion, or USD 1.25 billion).

Source: Logistics Post

2.Top 100 Most Valuable Chinese Brands List Released

On September 11, the "2024 Kantar BrandZ Top 100 Most Valuable Chinese Brands" list was released. The report shows that the total value of the top 100 brands this year is USD 968.5 billion, down 4% year-over-year. In the cross-border e-commerce logistics sector, 11 companies made the list, including: Alibaba (3rd), Pinduoduo (10th), JD.com (14th), SHEIN (15th), SF Express (30th), Air China (37th), China Southern Airlines (42nd), China Eastern Airlines (43rd), ZTO Express (48th), YTO Express (92nd), and Hainan Airlines (97th).

Source: Kantar Group

3.FedEx Announces New Partnership

On September 11, FedEx announced a strategic alliance with Nimble Robotics to expand its logistics services using Nimble’s fully autonomous third-party logistics model. FedEx also made an undisclosed financial investment in Nimble. Scott Temple, President of FedEx Supply Chain, stated that this partnership and financial investment would further expand FedEx's e-commerce footprint in North America, creating new opportunities for customers.

Source: Cross-Border E-commerce Logistics Insight

4. Cainiao to Launch Second Global eHub Construction

At the 2024 Global Smart Logistics Summit, Joe Tsai, co-founder and chairman of Alibaba Group and chairman of Cainiao Group, announced that Cainiao would accelerate the integration of its global logistics network into regional and global industrial chains, building a worldwide express delivery network to support the fast expansion of e-commerce. Cainiao’s CEO Wan Lin revealed that the company will initiate the second batch of global eHub construction. Cainiao currently operates local express services in 10 countries, manages over 800,000 square meters of overseas warehouses, and provides professional services in 18 countries and regions.

Source: Cainiao

5.Alibaba Officially Included in Stock Connect

On September 11, the Shanghai and Shenzhen stock exchanges announced that Alibaba-W (09988.HK) was officially included in the Stock Connect program. According to research from CMB Securities, Alibaba's inclusion may attract passive funds and lead to improved liquidity. Goldman Sachs estimated that Alibaba's listing in Hong Kong and subsequent inclusion in Stock Connect could bring in USD 15–16 billion in potential net inflows.

Source: Jiemian News

6.Temu Continues to Lead Non-Game App Downloads

On September 11, it was reported that Temu maintained its previous month's momentum, with over 12.25 million downloads in August, securing the top spot for non-gaming app downloads in Latin America. The app also topped the non-gaming download rankings on both Android and iOS platforms.

Source: Global E-commerce Insights

7. Shopee Introduces Pre-Payment Inspection Policy

On September 11, Shopee announced that starting from October 3, it will implement a new "Pre-Payment Inspection, Immediate Return for Issues" policy for Cash on Delivery (COD) orders. This policy allows buyers to inspect their packages in front of the delivery personnel and reject them if the items are defective or do not match the order. Shopee requires delivery personnel to record the inspection process to ensure policy compliance.

Source: Shopee

8. Dongguan-Hong Kong International Airport Center's Cargo Value Exceeds 10 Billion Yuan

On September 11, the Dongguan-Hong Kong International Airport Center reported rapid growth in its business this year, with import and export cargo exceeding 10,000 tons and a total cargo value surpassing RMB 10 billion within nine months, achieving its annual target ahead of schedule. The center now handles 738 types of goods, serves over 1,000 upstream and downstream companies, and has seen a 35% increase in registered Hong Kong freight forwarders since the beginning of the year. The center operates charter flights to India, Australia, Hungary, Argentina, and Belgium, significantly improving cross-border air freight efficiency.

Source: Dongguan Port Group

9. Silk Way Airlines Launches New Cargo Route

On September 11, Silk Way Airlines announced the launch of a new cargo route between Urumqi, China, and Baku, Azerbaijan. The route, operated by IL-76 freighters, is managed by Xinjiang Merchant Aviation Company and will run one to two flights per week, with a round-trip capacity of 80 tons per flight. The route primarily supports cross-border e-commerce between Xinjiang and Azerbaijan, as well as the export of Xinjiang's specialty agricultural products and the import of goods from Azerbaijan and neighboring Central Asian countries.

Source: Global Air Freight News

10.China’s Imports and Exports Grow by 6% in the First Eight Months

On September 11, customs data revealed that China’s total trade value in the first eight months of 2024 reached RMB 28.58 trillion, an increase of 6% year-over-year. Exports amounted to RMB 16.45 trillion, up 6.9%, while imports reached RMB 12.13 trillion, up 4.7%, with a trade surplus of RMB 4.32 trillion, expanding by 13.6%. In U.S. dollar terms, total trade value was USD 4.02 trillion, up 3.7%.

Source: Customs Release

11.Three Major Shipping Companies Form New Alliance

On September 11, Ocean Network Express (ONE), HMM, and Yang Ming Marine Transport Corporation announced the formation of a new alliance called Premier Alliance, set to take effect in February 2025 for a five-year period. The alliance will focus on mainline services on key East-West trade routes, including Asia-North America West Coast, Asia-North America East Coast, Asia-Mediterranean, Asia-Northern Europe, and Asia-Middle East.

Source: Shipping News

12. MSC Adjusts SWAN-SENTOSA Route's Port Call Order

On September 11, MSC announced adjustments to its SWAN-SENTOSA route’s port call order, designating London Gateway as the first European port of call to alleviate congestion at Felixstowe. The first voyage, MSC BETTINA, departed from Qingdao on September 4.

Source: MSC

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Public account: Cross-Border E-commerce Logistics Baixiaosheng