1.Eastern Airlines Logistics and China Southern Airlines Logistics Release "Double 11" Cargo Data

On November 14, reports revealed that between October 21 and November 11, Eastern Airlines Logistics handled over 26,000 inbound and outbound flights at Shanghai Pudong and Hongqiao airports, processing more than 130,000 tons of cargo. This represents a 7% year-on-year increase and a 15% month-on-month growth.  

Additionally, China Southern Airlines Logistics efficiently managed over 20,000 tons of cargo at the Shenzhen port from after the National Day holiday to November 9, with a noticeable rise in small cross-border parcels. To better manage the end-of-year peak season, the Shenzhen branch of China Southern Airlines Logistics launched the “Smooth Transport Plan,” utilizing a series of combined measures to ensure seamless logistics despite increasing cargo volumes.  

Source: Eastern Airlines Logistics, China Southern Airlines Logistics

2. China Southern Airlines Logistics Expands Overseas Express Pickup Stations to 18  

On November 14, China Southern Airlines Logistics announced that many overseas countries and regions joined the free shipping zones of domestic e-commerce platforms this year, leading to a significant rise in cross-border e-commerce volumes. During the Double 11 period, exports from Guangzhou’s port handled by China Southern Airlines Logistics increased by more than 10% year-on-year.  

The company continues to reduce logistics costs for e-commerce platforms and consumers by upgrading international express and cross-border shipping services. China Southern Airlines Logistics now operates 18 overseas express pickup stations, expanding service coverage to major cities across Europe, North America, Oceania, Japan, Korea, Southeast Asia, and Africa. This integrated supply chain system ensures safe and efficient transportation of every batch of "Made in China" products, supporting global brand expansion.  

Source: China Southern Airlines Logistics

3. Amazon Launches Low-Price Store

On November 14, Amazon officially launched its low-price store, which boasts prices even lower than Temu's. Currently, the store is only accessible via mobile search for “Haul” and not yet available on desktop, as it is still in the testing phase. The store heavily promotes “crazy low prices,” with 75% of orders promised delivery within 7 days. Promotions include free shipping on orders over $25, $5 off orders over $50, and 10% off orders over $75. The low-price store aims to boost sales volume, featuring many products tagged with "Best seller" or "Selling fast." The relaxed entry requirements for sellers may attract more vendors.  

Source: Amazon

4.Temu, Shein, AliExpress, and TikTok Account for 21% of Global Purchases

On November 14, reports highlighted that among the top seven global e-commerce platforms, six are Chinese. This data should capture the attention of marketers and retailers worldwide. According to Salesforce forecasts, this holiday season, Temu, Shein, AliExpress, and TikTok’s share of global purchases could reach 21%, or approximately $160 billion in e-commerce revenue (excluding China).  

Chinese e-commerce platforms are rapidly expanding globally. Earlier this year, Temu announced it would dominate the U.S. market with $21 million in Super Bowl ad revenue and became the top-downloaded app on iOS and Google Play in the first half of 2024. TikTok Shop, which launched in the U.S. just last September, has also been a massive success, with reports showing that 33% of Americans have made purchases on the platform.  

Source: Forbes

5.Temu Tops Gen Z App Downloads

On November 14, reports from TechCrunch and app analytics firm Appfigures revealed that Temu ranked first in app downloads among U.S. Gen Z users (aged 18-24) from January to October this year, making it the most popular app among this demographic.  

Source: TechCrunch, Appfigures

6.Jeff Bezos Sells $1.2 Billion in Amazon Stock

On November 14, newly filed documents with the U.S. SEC revealed that Amazon founder Jeff Bezos sold $1.2 billion worth of Amazon stock. These sales occurred on November 8 and November 11, bringing his total stock sales in November to $2.7 billion. Since July of this year, Bezos has sold a total of $4.4 billion in Amazon stock, as part of his trading plan filed in March.  

Source: Sina Finance

7. TikTok Shop and Shopee Dominate in Vietnam

On November 14, a report from Metric highlighted significant shifts in Vietnam’s e-commerce platform revenue in Q3 of this year. Foreign cross-border e-commerce platforms saw strong growth, with TikTok Shop and Shopee revenue increasing by 110.6% and 11.3%, respectively, while local platforms Lazada, Tiki, and Sendo faced revenue declines of 70.5%, 32.1%, and 65.3%, respectively.  

Source: Metric

8.Shopee Ends Partnership with KerryExpress

On November 14, Shopee announced it would terminate its partnership with KerryExpress (KEX), ceasing standard delivery services. Sellers will no longer be able to select KerryExpress for logistics. However, Shopee stated that users can still choose other logistics providers such as SPXExpress and FlashExpress to maintain smooth delivery processes. Shopee has informed sellers of this change and promised to improve communication mechanisms.  

Source: Shopee

9.Shopify Q3 GMV Reaches $69.7 Billion

On November 14, Shopify released its Q3 earnings, reporting a 26% year-on-year revenue increase to $2.16 billion, exceeding analyst expectations of $2.12 billion. This marks the sixth consecutive quarter of revenue growth exceeding 25% (excluding logistics). Gross Merchandise Volume (GMV) reached $69.7 billion, a 24% year-on-year increase, surpassing analyst predictions of $67.8 billion. Looking ahead to Q4, Shopify forecasts revenue growth of 25-29%, above analysts’ expectations of 23%.  

Source: Shopify

10.Global Cross-Border E-commerce Platform Expands in South Korea

On November 14, transcosmos group announced a partnership with Global-e in South Korea. As a Nasdaq-listed company, Global-e is a leading global D2C cross-border e-commerce platform. Through this partnership, transcosmos will help Korean retail companies and brands optimize cross-border e-commerce operations and drive global online business growth. In November 2021, transcosmos had also announced a partnership with Global-e in Japan.  

Source: transcosmos

11. Hangzhou to Los Angeles All-Cargo Route Launched

On November 14, a cargo flight carrying 105 tons of goods departed from Hangzhou Xiaoshan International Airport, with stops in Incheon and Anchorage, before reaching Los Angeles. This is the fourth international all-cargo route opened at Hangzhou airport this year. Previously, the airport launched cargo routes to Miami, Vancouver, Osaka, and resumed service to Mexico City. Hangzhou airport now operates 16 regular international all-cargo routes, with over 100 international cargo flights weekly.  

Source: Zhejiang Daily

12. Guangzhou Customs Oversees Over 3 Million Daily Cross-Border Transactions

On November 13, Guangzhou Customs reported a surge in cross-border e-commerce inspections. From 8 PM on October 31 to November 11, Guangzhou Customs processed approximately 38.85 million cross-border e-commerce retail import and export declarations, a 51.9% year-on-year increase. Among these, retail import declarations totaled 4.915 million, with food and cosmetics as the main imported goods, while retail export declarations reached 33.93 million, with clothing and plastic products as the primary exports. The surge in cross-border e-commerce activity, spurred by shopping festivals, is driving high-quality economic growth.  

Source: Guangzhou Customs

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WeChat Account: Cross-border E-commerce Logistics Baixiaosheng