1.SHEIN Supply Chain Project Phase One Begins Construction  

On September 30, it was reported that SHEIN's Bay Area supply chain project in Zengcheng, Guangzhou, officially commenced its first phase of construction. The investment in the first phase is 3.69 billion yuan, with a total construction area of no less than 800,000 square meters, including facilities for warehousing, shipping, and order fulfillment operations. The total investment in the project is estimated to be 10 billion yuan, and once all three phases are completed, annual export volume from Zengcheng is expected to exceed 100 billion yuan, with up to 100,000 industry talents employed at peak times.  

Source: Guandian.com

2.An International Logistics Company Plans to IPO in the U.S.

On September 30, it was reported that Ningbo-based cold chain logistics company HAOXIN HOLDINGS LIMITED (referred to as "Haoxin International Logistics") has submitted an updated prospectus to the U.S. Securities and Exchange Commission (SEC), applying for an IPO on Nasdaq under the ticker "HXHX". The company plans to issue 2 million Class A shares at a price of $4 to $6 per share (each Class A share has 1 voting right, while each Class B share has 20 voting rights), aiming to raise $8 million to $12 million. Previously, Haoxin International planned to issue 3 million shares at the same price. The company added an underwriter, bringing on Craft Capital Management, LLC in addition to WestPark Capital, Inc.  

Source: RYN Capital

3.Temu to Launch New Semi-Managed Business Sites

On September 30, it was reported that Temu's semi-managed business is about to launch a site in Mexico. Temu will initially support only CN-based companies, while local companies are still to be confirmed. The expected launch date is October 18, with sellers to begin listing products on October 11.  

Source: Kuantong News

4. JD Logistics Stock Up Over 16%

On September 30, it was reported that courier stocks surged collectively on the Hong Kong Stock Exchange on the 27th! JD Logistics rose 16.52%, with a total market value of HK$88.789 billion. On the same day, J&T Express also rose by 6%, with a market value of HK$61.308 billion, and ZTO Express increased by 3.45%, with a total market value of HK$151.7 billion.

In addition, A-share courier stocks also saw a collective rise. As of the close, SF Express rose by 5.23%, with a market value of 205.5 billion yuan; Yunda Express rose by 3.77%, with a market value of 23.918 billion yuan; STO Express rose by 3.84%, with a market value of 16.548 billion yuan; and YTO Express rose by 0.48%, with a market value of 58.087 billion yuan.  

Source: Luoge.com

5.Temu Ranks First in Downloads in Brazil in August

On September 30, according to a report by Citibank, Temu ranked first in app downloads in Brazil in August, with 7.2 million downloads, almost equal to Magazine Luiza's monthly active user count. Temu quickly gained popularity in Brazil through aggressive strategies like free shipping, discounts exceeding 70%, and even giveaways like drones, taking over a large share of the local e-commerce market.  

Source: Citibank

6.Localization Key to J&T Express's International Success  

On September 30, J&T Group's Vice President Hou Junyi emphasized that localization is key to the company's continued success in its international expansion. J&T's express business covers 13 countries, spanning Southeast Asia, China, and regions in the Middle East and Latin America. The local teams and responsibility-based operations have provided strong support for J&T's international expansion. Hou stated that despite J&T's leading position in Southeast Asia, the local teams continue to develop new services to meet or exceed customer expectations.  

Source: Jitu Beats

7.Civil Aviation Administration of China Releases August Domestic Cargo and Mail Volume Data

On September 30, the Civil Aviation Administration of China released the "Civil Aviation of China Main Production Indicators for August 2024". In August, domestic cargo and mail transport volume reached 764,000 tons, an increase of 20.1% year-over-year. From January to August, the total was 5.689 million tons, up 26.0%. International routes accounted for 41.9% in August and 40.2% from January to August, indicating an upward trend. In terms of airport cargo and mail throughput, August's total was 1.677 million tons, an increase of 16.0% year-over-year, while the January-August total reached 12.745 million tons, a growth of 22.3%. The central region showed the most significant growth, exceeding 60% for both sets of data, largely contributed by increases at Ezhou and Zhengzhou airports.  

Source: Civil Aviation Administration of China

8.Jinan Opens Its First Fifth Freedom Cargo Route

On September 30, it was reported that ASL Airlines Belgium's flight 3V811 smoothly landed at Jinan Airport, passing through a "water salute", marking the official operation of the "Jinan-New York-Liege-Jinan" global route. This is also ASL Airlines Belgium's 1000th intercontinental cargo flight in Jinan. This route is Jinan's first using the fifth freedom rights to operate an international flight, as well as Shandong Province's first intercontinental flight route. The route is scheduled to operate twice weekly with Boeing 747 aircraft, carrying mainly e-commerce and fresh goods, with a load capacity of about 190 tons per flight.  

Source: Civil Aviation Network

9.Sichuan Airlines Launches a New All-Cargo Route

On September 30, Sichuan Airlines' "Tianfu-Helsinki-Frankfurt-Tianfu" all-cargo route departed on time from Tianfu Airport, fully loaded with 55 tons of cargo, with the return flight scheduled to arrive the next morning. The route is operated by Sichuan Airlines' Airbus A330 freighter. The Frankfurt route is Sichuan Airlines' sixth European destination after Brussels, Moscow, Helsinki, Budapest, and Warsaw, and the first Chinese airline from southwest China to operate a round-trip freighter route to Frankfurt.  

Source: Sichuan Airlines Logistics

10.Amazon Ocean Freight Costs Drop by $1,000

On September 30, AGL launched an autumn event, offering discounts of up to $1,000 on China-Europe ocean freight. Applicable destination countries include the UK, Germany, France, Italy, and Spain. Within 60 days of joining AGL, sellers who successfully book shipments on Seller Central can also enjoy additional freight discounts. Newly joined customs agents will provide more efficient and convenient customs clearance solutions, ensuring smooth customs clearance and reducing delays.  

Source: Amazon Global Logistics

11.Shopee Philippines Launches Quick Shipping Program

On September 30, Shopee Philippines launched the "Quick Shipping Program", providing qualifying sellers with a 1% transaction service fee discount and additional marketing exposure, including a "Quick Shipping" tag, filter options, and collection display. Participation conditions are strict, requiring sellers to handle orders locally and ensure a high proportion of orders are picked up by logistics on the same day while avoiding negative ratings. The system will evaluate seller performance monthly, notifying those who meet the criteria with benefits and providing improvement reports for those who do not.  

Source: Shopee

12.ZIM Introduces New ZCP Service Line

On September 30, the South Carolina Ports Authority (SC Ports) announced the reopening of the Leatherman Terminal in anticipation of Israeli shipping carrier ZIM launching its weekly Asia line ZCP service. The reopening is a milestone in enhancing capacity and fluidity in the U.S. East Coast port market. The service connects Asia and the southeastern United States, providing critical links for shippers.  

Source: SC Ports  

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