1. Temu Tops Market Download Charts

On December 6, according to data from the App Store and Google Play Store, Temu and Mercado Libre ranked first and second in the November download charts, with 4.8 million and 4.77 million downloads, respectively. Temu's diverse product categories and low-price strategy have attracted a large number of Brazilian consumers, while Mercado Libre, as Latin America's leading e-commerce platform, continues to maintain high download numbers due to its local advantages and large user base.  

Source: App Store, Google Play

2. Sinotrans Repurchases 6.38 Million A-shares  

On December 6, Sinotrans announced that, on November 29, 2024, the company repurchased 6.38 million A-shares for the first time in this round of repurchases. As of November 29, 2024, the repurchased shares represented 0.09% of the company’s total share capital. The repurchased shares were bought at prices ranging from 5.19 yuan to 5.27 yuan per share, with a total amount of 33.57 million yuan (excluding transaction fees).  

Source: Sinotrans

3. Wanb Express Becomes TikTok’s Warehouse Partner

On December 6, Wanb Express announced that it has officially become the overseas warehouse partner for TikTok Shop. Additionally, Wanb Express launched its WINIT Fulfillment series of simplified pricing plans to empower sellers expanding abroad.  

Source: Wanb Express

4.Temu Reportedly Suspends Operations in Vietnam

On December 6, online retail platform Temu was informed to suspend its operations in Vietnam. According to sources close to Temu, unlike global e-commerce giant Amazon, cross-border e-commerce platforms from China (including Temu, SHEIN, AliExpress, etc.) have faced similar issues in Vietnam this year. Temu is actively communicating with relevant Vietnamese government departments to find a solution. The source mentioned that Temu is committed to offering high-quality and affordable Chinese-made goods to Vietnamese consumers, just as consumers in the Americas, Europe, and Africa have benefited from Chinese products.  

Source: Jiemian News

5. Amazon to Adjust Multichannel Fulfillment Fees

On December 6, Amazon announced that, starting January 15, 2025, it will increase its fees for multichannel fulfillment (MCF) services by an average of 3.5%, lower than the average 5.9% increase of other carriers. The MCF fees for items weighing 1 pound or less will remain unchanged, while fees for heavier items will vary based on size and weight.  

At the same time, Amazon stated that Prime service fees will not increase, some standard-size large item delivery fees will decrease, and the rates for 1-2 day delivery services will be comparable to the 3-5 day standard delivery rates of other carriers. Amazon’s warehousing and delivery (AWD) fees will also be lowered, aiming to optimize seller inventory levels, improve delivery speed, and drive growth.  

Source: Amazon

6. Taobao Lowers Free Shipping Threshold for Singapore and Malaysia  

On December 6, Taobao announced that the free shipping threshold for orders from Singapore and Malaysia has been reduced from 199 yuan to 99 yuan. Additionally, Taobao will subsidize shipping fees, allowing users in Singapore and Malaysia to upgrade from sea freight to air freight for free by using air freight coupons, reducing delivery time by a week. Since August, Taobao has launched global free shipping services to overseas regions. Currently, 10 regions, including Singapore, Malaysia, Thailand, Japan, Korea, Vietnam, Cambodia, and Hong Kong/Taiwan, have joined the "Free Shipping Zone."  

Source: Taobao

7. eBay Updates Overseas Warehouse Service Standards

On December 6, eBay announced an update to its overseas warehouse service standards, including a policy change for transactions using USPS Parcel Select, UPS Mail Innovations, or Amazon Shipping as the last-mile logistics services from certified U.S. overseas warehouses. Starting from December 9, 2024, these transactions will be subject to eBay’s overseas warehouse service standards policy, and continued use of these services may lead to account restrictions, including listing removals and the revocation of overseas warehouse privileges.  

Source: eBay

8. Shopee Thailand Enhances App Interface

On December 6, Shopee Thailand announced that, starting December 19, 2024, it will improve the app interface for local sellers. The "Seller Plans" button will be replaced with "Shopee Ads," allowing sellers to manage their campaigns without accessing the marketing center. Other features, such as delivery insurance and affiliate plans, will be relocated to new pages.  

Source: Shopee

9. China's Cross-Border E-Commerce Imports and Exports Reach 1.88 Trillion Yuan in the First Three Quarters

On December 6, the Ministry of Commerce held a routine press conference. Spokesperson He Yadong stated that digital trade has become a new trend and growth point in international trade and economic development. In recent years, China’s digital trade has grown rapidly, maintaining a fast pace of expansion. In the first three quarters of 2024, China’s digital service imports and exports totaled 2.13 trillion yuan, a 5.3% year-on-year increase, while cross-border e-commerce imports and exports reached 1.88 trillion yuan, a 11.5% year-on-year increase, both setting new historical highs.  

Source: Ministry of Commerce

10. Guangzhou Encourages Enterprises to Expand Overseas Warehouse Layouts

On December 6, the Guangzhou Municipal Bureau of Commerce released a notice soliciting opinions on the “Measures for Promoting the High-Quality Development of E-commerce in Guangzhou (Draft for Comment).” The document mentions the development of Guangzhou as a "Cross-Border E-commerce City" and the promotion of the “cross-border e-commerce + industrial belts” model, which will drive the internationalization of local industries and improve the global competitiveness of Guangzhou brands. The city will encourage businesses to expand their overseas warehouse networks, consolidating traditional markets in North America and Europe while accelerating the establishment of warehouses in new markets such as ASEAN, South Asia, Africa, and South America.  

Source: Guangzhou Municipal Bureau of Commerce

11. CMA CGM Surpasses Maersk

On December 6, according to the latest research report from Alphaliner, CMA CGM, Maersk, and COSCO Shipping Lines are the leading players on the Trans-Pacific route, with very close capacity deployment. Specifically, in November, CMA CGM’s market share on the Trans-Pacific route reached 13.2%, surpassing Maersk's 13.1% to become the largest carrier on this route. COSCO Shipping ranked third with a 12.9% market share.  

Source: Alphaliner

12. Maersk Revises Peak Season Surcharge on Asia-Middle East Routes

On December 6, Maersk announced it would revise the peak season surcharge (PSS) on its Far East Asia to Middle East routes. The adjustment will take effect from December 19 and will last until further notice. For goods shipped from Far East Asia, including mainland China, Hong Kong, Vietnam, Indonesia, Japan, Cambodia, South Korea, Laos, Myanmar, Malaysia, the Philippines, Singapore, Thailand, and East Timor, to Middle Eastern countries like the UAE, Bahrain, Iraq, Jordan, Kuwait, Oman, and Qatar, the new surcharge rates will apply. Specifically, the surcharge for a 20-foot container will be $750, while the surcharge for a 40-foot container will be $1,000.  

Source: Maersk

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