1.SF Express Holdings Raises 5.6 Billion HKD in Hong Kong IPO

On November 28, it was announced that SF Express Holdings Co., Ltd. officially listed on the Hong Kong Stock Exchange, becoming the first "A+H" listed company in the express logistics industry. The IPO price was set at 34.3 HKD per share, with a total issuance of 170 million shares. After deducting issuance expenses, the net proceeds reached 5.661 billion HKD. Listing in Hong Kong will help SF Express further advance its internationalization strategy, create a global capital operation platform, optimize its international brand image, and enhance its overall competitiveness.  

Source: SF Express Group

2.Eastern Airlines Logistics Completes Nearly 50 Million CNY Transaction

On November 28, it was reported that Eastern Airlines Logistics completed a large block trade involving 3.46 million shares, with a transaction amount of 49.997 million CNY. The transaction price was 14.45 CNY per share. At the close of the day, the stock was quoted at 15.45 CNY, up by 0.46%, with a total transaction value of 198 million CNY. The block trade accounted for 25.22% of the day's total transaction amount, with a discount rate of 6.47%.  

Source: Eastern Airlines Logistics

3.Logistics Provider Plans U.S. Listing

On November 28, Smart Logistics Global Limited updated its prospectus with the U.S. Securities and Exchange Commission (SEC) as it plans to list on the Nasdaq under the stock symbol "SLGB." The company had confidentially submitted its application to the SEC on October 2, 2023. According to the latest prospectus, the company plans to issue 1 million shares at a price range of $5 to $6 per share, aiming to raise between $5 million and $6 million.  

Source: Smart Logistics Global Limited

4.SHEIN Named Spain's Best New Platform and Recommended Channel for 2024

On November 28, it was announced that following the success of its own brand becoming a leading fashion brand in the Spanish market, SHEIN has been named Spain's Best New (E-commerce) Platform for 2024 by Marketplaces Hoy. It has also been listed as a recommended channel for 2024. SHEIN's dual "own brand + platform" model continues to strengthen its influence in overseas markets.  

Source: Tencent News

5.Xiyou Becomes TikTok Integrated Warehouse

On November 28, it was announced that Xiyou Overseas Warehouse, leveraging its comprehensive warehousing layout and high-quality services, has successfully been selected as one of the first integrated warehouses for TikTok Shop. Merchants can authorize the platform to connect with overseas warehouses and manage order fulfillment through the following path: Merchant Center -> Apps & Services -> App Store -> Logistics & Delivery -> Order Management (OMS/WMS), where they can install the corresponding integrated warehouse service provider plugin.  

Source: Xiyou Logistics

6.Winit Becomes TikTok Integrated Warehouse

On November 28, it was announced that Winit's U.S. warehouse has officially become an integrated warehouse for TikTok Shop. The integrated warehouse is one that has completed system integration with TikTok Shop and can assist merchants in order fulfillment upon authorization. However, integrated overseas warehouses are still considered part of merchants' self-fulfillment operations and must follow the basic requirements and assessment standards for self-fulfillment.  

Source: Winit

7.20 Direct Customs to Pilot 9610 Cross-District Return Supervision Mode

On November 28, China's General Administration of Customs announced further measures to promote the development of cross-border e-commerce exports. Customs in 20 direct districts, including Beijing, Tianjin, Dalian, Harbin, Shanghai, Nanjing, Hangzhou, Ningbo, Hefei, Fuzhou, Xiamen, Nanchang, Qingdao, Zhengzhou, Changsha, Guangzhou, Shenzhen, Huangpu, Chengdu, and Urumqi, will pilot a cross-district return supervision mode for cross-border e-commerce retail exports under the 9610 model. This allows the return of export goods across direct customs districts, provided the goods are returned to customs supervision operation sites engaged in cross-border e-commerce retail export business. Companies conducting cross-border e-commerce retail export and return businesses should operate in a standardized manner, with production system data made available to customs or integrated with customs information systems.  

Source: General Administration of Customs

8.Significant Progress on Airbus A350 Freighter

On November 28, it was reported that Airbus is preparing for the final assembly of its first A350 freighter. Most of the aircraft's parts are already being manufactured at Airbus Atlantic and Airbus Aerostructures in France and Germany. Meanwhile, preparations at the Roger Béteille Final Assembly Line (FAL) in Toulouse are nearing completion. According to Airbus, the A350F is the latest member of the A350 series, which shares many design similarities with its passenger counterpart but includes key structural adjustments.  

Source: Airbus

9.Air France to Acquire 20% Stake in Air Europa

On November 28, it was reported that Air France-KLM is in talks to acquire up to 20% of Spain's Air Europa, following the collapse of International Airlines Group's (IAG) plan to acquire Air Europa due to regulatory opposition. The deal is estimated to be worth over 100 million euros (approximately $105 million) and does not require approval from EU regulators.  

Source: El Economista

10.BYD and COSCO Shipping Sign Strategic Cooperation Agreement

On November 28, it was announced that BYD and COSCO Shipping Container Transportation Co., Ltd. signed a strategic cooperation agreement at BYD’s headquarters in Pingshan, Shenzhen. According to the agreement, both parties will establish comprehensive cooperation in shipping, logistics, and overseas development, based on the principles of "long-term cooperation, mutual benefit, and win-win." They aim to jointly create an end-to-end full logistics supply chain and promote the digitalization of logistics supply chain construction, further strengthening cooperation in the container transportation and logistics sectors.  

Source: COSCO Shipping

11.Maersk Adjusts Surcharges on Multiple Routes

On November 28, Maersk announced adjustments to Peak Season Surcharges (PSS) for routes from Mainland China, Hong Kong, Japan, South Korea, and Mongolia to New Zealand, Fiji, and French Polynesia. The surcharge will be $1,000 per TEU and $2,000 per FEU, effective from December 24. Additionally, Maersk has adjusted the PSS for routes from the Far East to Australia, Papua New Guinea, and the Solomon Islands. The surcharge will be $1,000 per TEU and $2,000 per FEU, effective from December 1 for shipments from Mainland China, Japan, South Korea, Hong Kong, and Mongolia, and from December 15 for shipments from Taiwan to these destinations.  

Source: Maersk

12.Zhengzhou Airport Handles Up to 600 Tons of Cross-border E-commerce Packages Daily

On November 28, it was reported that since the beginning of this year, Zhengzhou Airport has been working to build a global air logistics network, continuously enhancing its capacity. The airport's International Express Center processes over 300 tons of cross-border e-commerce packages and international express shipments from across the country daily, with peak days reaching nearly 600 tons.  

Source: China Transportation News

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WeChat Public Account: Cross-border E-commerce Logistics Baixiaosheng