1. China Cargo Airlines Submits IPO Registration on Shenzhen Main Board

On October 12, it was reported that China Cargo Airlines Co., Ltd. (referred to as "China Cargo Airlines") has submitted its IPO registration on the Shenzhen Stock Exchange and updated its prospectus, with a planned financing amount of 3.5 billion RMB. The funds raised from this IPO will be used for aircraft procurement, spare engine acquisition, comprehensive logistics capability enhancement, and digitalization and IT projects.  

As a comprehensive aviation logistics service provider, China Cargo Airlines’ main businesses include air cargo services, air cargo terminal services, and integrated logistics solutions. In the first half of 2024, these sectors generated revenues of 6.665 billion RMB, 637 million RMB, and 1.611 billion RMB, respectively. For the entire year of 2023, China Cargo Airlines reported revenue of 14.919 billion RMB, down 35.35% year-on-year, with a net profit attributable to shareholders of 1.153 billion RMB.  

Source: Finance Network

2. SF Express Heavy-Cargo Becomes Amazon's ShipTrack Carrier

On October 12, it was announced that SF Express Heavy-Cargo has officially become a ShipTrack carrier for Amazon. By selecting SF Express Heavy-Cargo as the ShipTrack carrier, Amazon will automatically generate tracking codes for sellers, simplifying the shipping process and improving warehouse efficiency.  

ShipTrack offers a new first-mile logistics option for sellers. When they ship products to Amazon’s fulfillment centers using ShipTrack, the carrier automatically provides the Amazon FBA tracking ID, which is clearly visible on the seller's platform at every key step, from shipment to receipt.  

Source: SF Express Freight

3. Jiacheng International Wins ByteDance Cross-Border Logistics Bid

On October 12, Jiacheng International announced that it had received a winning bid notice from ByteDance’s cross-border e-commerce division. The company will handle warehouse quality inspections and distribution operations for ByteDance’s cross-border e-commerce logistics project, including but not limited to inbound inspections, outbound sorting, and package distribution. The project involves a full range of products, primarily clothing, footwear, bags, accessories, and non-apparel items.  

Source: Daily Economic News

4. AliExpress and Cainiao’s "Global 5-Day Delivery" Covers 14 Countries

On October 12, AliExpress and Cainiao announced an upgrade to their global logistics services, expanding the "Global 5-Day Delivery" product to 14 countries, including Italy, Poland, and Japan. The delivery service now covers Europe, America, and Asia.  

This year’s AliExpress Double 11 shopping festival will see increased investment, with AliExpress and Cainiao aiming to ensure efficient and reliable logistics for the event, marking the largest investment and best customer experience to date. Over the past two years, with Cainiao’s support, AliExpress has halved its global average delivery time, with key countries seeing delivery windows shortened to 5-7 days.  

Source: Cainiao

5. SF Express Announces Massive Dividend

On October 12, SF Holdings announced a dual dividend plan, including a mid-year dividend and a special dividend, with total payouts exceeding 6.7 billion RMB. The special dividend of approximately 4.8 billion RMB will be issued before SF’s listing on the Hong Kong Stock Exchange. The mid-year dividend will distribute 4 RMB per 10 shares, with a total payout of approximately 1.92 billion RMB, representing 40% of SF’s first-half 2024 net profit.  

Source: SF Holdings

6. Lazada Aims for $100 Billion GMV in Southeast Asia by 2030

On October 12, it was reported that Lazada plans to achieve $100 billion in gross merchandise value (GMV) in Southeast Asia by 2030. To reach this goal, Lazada is actively partnering with luxury brands, including Armani and Dolce & Gabbana, to strengthen its position in the Southeast Asian e-commerce market. This shift in strategy reflects the growing focus on exclusive products and high-margin items rather than competing solely on price.  

Source: Lazada

7. TikTok Shop Lowers Entry Barriers for US Cross-Border Sellers

On October 12, TikTok Shop updated its entry standards for cross-border sellers targeting the US market, making it easier for experienced e-commerce operators to join. While maintaining core entry principles like local warehousing, logistics capabilities, and operational performance, the new standards reduce requirements for store ratings, transaction volumes, and operational time. Additionally, sellers from nine mainstream e-commerce platforms, both domestic and international, are now eligible.  

Source: TikTok Shop

8. Temu to Reach €330 Million in Revenue in Hungary

On October 12, it was reported that Temu has rapidly become Hungary’s largest online marketplace. In the first quarter of 2024, Temu processed around 1.5 million orders, with projections to reach 4 million by mid-2024 and possibly exceed 10 million by year-end. Temu is expected to generate 130 billion Hungarian forints (approximately €330 million) in revenue from the Hungarian market in 2024, surpassing 13 major e-commerce companies in the country.  

Between January and June, Hungarian consumers placed orders totaling 140 billion forints on foreign online stores, with Temu accounting for 35% of the market and 50 billion forints in sales.  

Source: Whip News

9. Amazon to Open Five New Delivery Stations in Canada

On October 12, it was announced that Amazon will open five new delivery stations in Canada to prepare for the holiday season. These stations, located in Burnaby, Calgary, Windsor, Ottawa, and Richmond Hill, are expected to begin operations by the end of October. Additionally, Amazon plans to open two "exchange" parcel warehouses in Sarnia and Cornwall, Ontario, by the end of 2025.  

Source: Amazon

10. CEVA Logistics Acquires Turkish Logistics Operator

On October 12, CEVA Logistics, part of the CMA CGM Group, announced its acquisition of Horoz Bolloré Logistics, a joint venture between Bolloré Logistics and Horoz Logistics established in 2000. This acquisition will enhance CEVA's operations in Turkey, offering more comprehensive international logistics solutions.  

Source: Logistics Baba

11. Pitney Bowes Launches ShipAccel E-Commerce Shipping Platform

On October 12, Pitney Bowes launched its ShipAccel platform, designed to help e-commerce businesses streamline shipping. The platform integrates national and regional carriers, offering discounted rates from UPS, FedEx, and USPS, and connects to marketplaces like Amazon, Shopify, and eBay. Features include performance evaluation, rate comparisons, label printing, branded tracking, and return services.  

Source: Pitney Bowes

12. South Africa's E-Commerce Penetration to Reach 22.27% by 2025

On October 12, it was reported that, according to Statista, South Africa's e-commerce penetration rate is expected to reach 22.27% by 2025, leading the African continent. Kenya and Nigeria are forecasted to reach 16.24% and 13.25%, respectively. This presents an opportunity for Chinese sellers to explore the African market. In South Africa, popular categories include men's shoes, men's clothing, women's accessories, and home goods, while young consumers in Kenya show interest in mobile phones, beauty products, and audio-visual equipment. Nigeria remains Africa’s largest e-commerce market, with high demand for mobile phones, clothing, and beauty products, where consumers prioritize value for money.  

Source: Statista  

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Public Account: Cross-Border E-Commerce Logistics Baixiaosheng