1. Jiacheng International signs tripartite regulatory agreement for raised funds  

On September 14, it was announced that Jiacheng International had completed the public issuance of convertible corporate bonds totaling RMB 800 million. The net raised funds amounted to RMB 793,821,306.38. Jiacheng International, together with its subsidiary Guangzhou Dajin Supply Chain Management Co., Ltd., signed a tripartite regulatory agreement for the special account storage of raised funds with Guotai Junan Securities Co., Ltd. and China Merchants Bank Guangzhou Branch. The funds will be used for cross-border e-commerce smart logistics centers and supporting infrastructure.  

Source: Jiacheng International

2. DHL to deploy 8 new B777 freighters

On September 14, DHL Express announced that due to the anticipated increase in intercontinental freight demand during the upcoming peak season, especially for exports from China to other global regions, the company will gradually deploy eight new B777 freighters. Four of these aircraft will be used on intercontinental routes from China. Two new B777 freighters are already in service, mainly flying the China-US route, while two more will be operated by Zhongzhou Airlines on the China-Europe route by the end of the year.  

Source: DHL

3. JD Logistics launches new overseas warehouse product

On September 14, JD Logistics introduced a standard overseas warehouse product for the upcoming Black Friday stocking season, offering significant discounts for new merchants. Each container will receive a $100 discount, with a maximum of $500. JD Logistics aims to help cross-border merchants reduce costs and improve efficiency through highly adaptable, easy-to-calculate services with fast claims processing and multiple channels.  

Source: JD Logistics International

4. SHEIN expands into Paraná, Brazil

On September 14, SHEIN announced an expansion into Paraná as part of its strategy to strengthen its presence in the Brazilian market. By the end of November, the company aims to attract 1,500 local sellers. Since entering Brazil in April 2023, SHEIN has seen rapid growth, with the number of sellers increasing by 150% to 25,000 in nine months. The company aims to combine local production with international markets and achieve 85% local sales in Brazil by the end of 2026.  

Source: SHEIN

5.Amazon cancels FBA overstock fees in three marketplaces  

On September 14, Amazon announced the cancellation of overstock storage fees for its FBA service in the US, Europe, and Canada marketplaces. Sellers will no longer need to pay extra fees for exceeding inventory limits. This move is intended to reduce operating costs for sellers. Amazon also encouraged sellers to stock up in advance and ensure all inventory arrives at fulfillment centers by October 19 to qualify for Prime status ahead of Black Friday and Cyber Monday.  

Source: Amazon

6. 60% of UK consumers turn to Chinese e-commerce platforms

On September 14, it was reported that due to rising living costs, 60% of UK consumers have turned to Chinese e-commerce platforms like Temu and SHEIN in the past year, putting pressure on local retailers. According to a survey by Omnisend, 43% of UK online shoppers had purchased from Temu, and 42% had bought from SHEIN. Other Chinese platforms, such as TikTok Shop and AliExpress, are also gaining traction, attracting 25% and 22% of UK consumers, respectively.  

Source: Omnisend

7. Amazon and Walmart to occupy 25% of US retail market

On September 14, Forrester released its "2024-2029 US Online Retail Forecast" report, predicting that Amazon and Walmart will significantly increase their market share over the next few years. By 2029, the two companies are expected to account for a quarter of the total US retail market and two-thirds of the online retail market, with a combined retail revenue of $1.5 trillion and online sales reaching $1.1 trillion.  

Source: Forrester

8. TikTok will not launch e-commerce services in Australia in 2024  

On September 14, TikTok confirmed it would not launch its e-commerce service, TikTok Shop, in Australia in 2024. Earlier this year, the company had submitted a trademark application for TikTok Shop in Australia. The shopping feature was introduced globally in September 2022 and has since been rolled out in countries like Indonesia and Malaysia.  

Source: TikTok

9. Shopee introduces instant cancellation and in-transit return/refund features  

On September 14, Shopee announced that it would roll out two new features — Instant Cancellation and In-Transit Return and Refund — starting on September 19, 2024. These features aim to reduce losses from international returns and enhance the competitiveness of cross-border sellers.  

Source: Shopee

10. Alibaba International launches nine measures to support small foreign trade enterprises

On September 14, Alibaba International announced nine beneficial measures, including five exemptions, three new policies, and one extension, to help small foreign trade enterprises expand to new markets. These measures aim to address the current challenges faced by businesses. Additionally, Alibaba International extended the deadline for semi-managed product shipping to 14 days.  

Source: 36Kr

11. Hefei-Hungary international cargo route opens

On September 14, a Boeing B767-300 freighter from Georgian Airlines landed at Hefei Xinqiao International Airport, marking the official opening of the Hefei-Hungary international cargo route. This is the first cargo route from Hefei to Central Europe, primarily serving cross-border e-commerce, electronics exports, and the import of specialty and fresh products from Hungary and other European countries. The route will operate 100 flights annually, transporting around 6,000 tons of cargo.  

Source: Air Cargo News Express

12. Kuehne+Nagel releases mid-to-late September air cargo market outlook

On September 14, Kuehne+Nagel released its mid-to-late September air cargo market forecast. For China-Europe routes, prices are rising, capacity is tight, and demand varies by region. Southern regions, including Hong Kong, have seen increased cargo volume to Europe, particularly with the shipment of new Apple products this week. For China-America routes, prices remain stable, capacity is tight, and demand is steady. For China-Asia, Middle East, and India routes, prices are rising, with tight capacity on the Middle East and India routes, while Asia remains stable.  

Source: Kuehne+Nagel China

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Cross-Border E-commerce Logistics Baixiaosheng