1.China Post Partners with Lufthansa Cargo

On October 29, news broke that China Post Express Logistics Co., Ltd. has announced a strategic cooperation framework with Lufthansa Cargo aimed at deepening their partnership and promoting mutual development. A memorandum of cooperation details the goals for innovation and collaboration over the next five years. To establish a robust cooperative mechanism, both parties agreed to set up a regular communication system at the highest management, managerial, and operational levels to ensure continuous information exchange regarding their collaborative activities.  

Source: China Post Express Logistics

2.DHL to Open New Freight Station by End of 2025

On October 29, DHL laid the cornerstone for its new air freight station at Tallinn Airport. The 7,260 square meter facility is expected to be completed by the end of 2025. The development of the airport city is a significant component of the overall expansion of Tallinn Airport, indicating that large international companies are interested in expanding their operations in the Estonian market. The building will include 1,550 square meters of office space and a 5,700 square meter freight station, along with a new loading platform for couriers.  

Source: Cross-Border E-commerce Logistics OmniSage

3.Huakai Yibai Releases Q3 2024 Financial Report

On October 29, Huakai Yibai released its Q3 2024 financial report, showing that the company’s revenue for the third quarter reached 2.596 billion yuan, a year-on-year increase of 47.72%, with a net profit attributable to shareholders of 54.75 million yuan. For the first three quarters, total revenue was 6.115 billion yuan, up 28.75%, with a net profit of 189 million yuan.  

Source: Huakai Yibai

4.Temu Applies for Written License to Operate in Vietnam

On October 29, the Ministry of Industry and Trade of Vietnam announced that the cross-border e-commerce platform Temu has applied for a written license to operate in Vietnam. Temu has sent official documents regarding compliance requirements to the ministry. To enhance cross-border e-commerce management, the ministry reported to the Prime Minister, recommending the issuance of a public notice to promote management, including studying the promulgation of a specialized law on cross-border e-commerce and modifying related decisions, while also directing relevant departments to coordinate with customs for better oversight.  

Source: Ministry of Industry and Trade, Vietnam

5.Amazon Expands Same-Day Delivery Service

On October 29, Amazon announced the expansion of its same-day delivery service for millions of Prime members. In the UK, products are now available for same-day delivery in 81 towns, including newly added locations such as Aberdeen, Middlesbrough, and Plymouth. Prime members across the UK can enjoy free same-day delivery on various products, including those from Amazon's own brands and independent local businesses. The number of same-day deliverable products has doubled since 2023.  

Source: Amazon

6.Shenzhen Leads as Top City for Amazon Sellers in China

On October 29, it was reported that 14 of the top 20 cities with the most Amazon sellers are in China. The e-commerce landscape, especially concerning Amazon sellers, has changed significantly in recent years. Shenzhen leads with over 102,000 sellers, benefitting from its status as a manufacturing powerhouse, which facilitates seller access to production and supply chains. Other cities like Guangzhou, Putian, and Dongguan have also deeply integrated into the global e-commerce ecosystem, enabling Chinese brands to offer competitively priced direct supply products. China has become the preferred location for Amazon global sellers due to its manufacturing and logistics capabilities.  

Source: Scott Needham

7.Taobao's 70,000 Global Free Shipping Merchants See Sales Double

On October 29, during the peak consumption period of the Double 11 sales event, nearly 70,000 merchants participating in Taobao and Tmall’s overseas growth plan achieved double sales growth. Ten countries and regions, including Singapore, Malaysia, Thailand, Japan, South Korea, Vietnam, Cambodia, and Hong Kong and Taiwan, have joined Taobao's "Free Shipping Zone." Unlike other platforms, Taobao’s overseas model gives merchants pricing autonomy and reduces operational burdens, allowing small and medium-sized businesses to go global with their own brands more effectively. As Black Friday approaches, merchants participating in Taobao and Tmall's global free shipping plan are expected to see their biggest growth opportunity this year.  

Source: Guangming Daily

8.Shopee Brazil Launches Price Adjustment Incentive Activity

On October 29, Shopee Brazil announced a price adjustment incentive for select high-ticket items, lowering the commission from 10% to 8%. Invited stores can enjoy the 8% commission rate by adjusting product prices to meet system requirements within a specified period.  

Source: Shopee

9.TikTok Shop Adjusts Payment Terms for U.S. Sellers

On October 29, starting November 1, 2024, the payment terms for cross-border self-operated sellers on TikTok Shop in the U.S. will be adjusted from 15 days to 8 days. The platform will evaluate sellers' performance monthly and adjust their payment tier accordingly, offering shorter payment terms for those with excellent performance.  

Source: TikTok Shop

10. Nanning to Hanoi International Freight Route Opens

On October 29, the Nanning to Hanoi international freight route officially opened, successfully establishing an "air freight corridor" between Nanning and Vietnam’s Hanoi, further promoting economic and trade exchanges between the two regions. The route is scheduled to operate once a week, with a round-trip flight taking about two hours and a single trip cargo capacity of 22 tons. The first flight carried general trade goods, primarily electronic products.  

Source: CCTV News

11.Maersk Plans to Increase Seasonal Surcharges from China to Kenya

On October 29, Maersk announced that it will implement a seasonal surcharge (PSS) on routes from mainland China and Hong Kong to Kenya. This surcharge will take effect on November 4, 2024, and will apply to all 20-foot dry containers, 20-foot refrigerated containers, 40-foot dry containers, 40-foot refrigerated containers, and 45-foot high cube containers. The specific surcharge will be $1,000 for each 20-foot container and $2,000 for each 40-foot and 45-foot container.  

Source: Maersk

12. CMA CGM Introduces New FAK Rates for Asia to North Africa and Mediterranean

On October 29, CMA CGM announced new FAK (Freight All Kinds) rates for routes from Asia to North Africa and the Mediterranean. These rates will apply to dry containers, non-standard containers, and paid empty containers starting November 1 (loading date at the port) until further notice.  

Source: CMA CGM

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