1. International Freight Forwarder Company Announces IPO Plans

December 19 News: New Century Logistics (NASDAQ: NCEW), founded in July 2002 and headquartered in Hong Kong, employs 46 people and is an international freight forwarding and logistics service provider. The company plans to issue 1.3 million shares at a price range of $4 to $5 per share to raise $6 million, a 50% decrease from the previous forecast. New Century Logistics aims to list on Nasdaq with the ticker symbol NCEW. Craft Capital Management is the sole bookrunner for the offering.

Source: New Century Logistics

2. China COSCO Shipping and DHL Chengdu Gateway Expansion and Operation

December 19 News: The Chengdu gateway of China COSCO Shipping and DHL at Shuangliu Airport held an expansion and commissioning ceremony. After the expansion, the gateway’s area increased nearly threefold, with highly automated sorting equipment and advanced sorting systems, improving processing capacity by over three times compared to before. The upgraded Chengdu gateway will contribute to faster transit times and higher-quality services to help Western China’s exports and bring global products into the region, further participating in the development of Chengdu as an international air hub.  

Source: DHL

3. Temu Half-Managed Service Expands to 19 Countries

December 19 News: Temu’s half-managed C-end service in Saudi Arabia will launch on December 27, while B-end products will be available from December 25. The service has already launched in the Netherlands and Poland, and since the service began in March, it has expanded to cover 19 countries, including the U.S., Canada, the UK, Germany, France, Italy, Spain, Australia, New Zealand, Japan, Czech Republic, Poland, Netherlands, Belgium, Portugal, Hungary, Sweden, Mexico, and the Middle East. Services are also planned for Thailand and Turkey in the future.  

Source: Temu Sellers

4. SHEIN, Temu, and Amazon to Be Subject to VAT in Mexico

December 19 News: According to a recent announcement from Mexico’s National Tax Authority, starting January 1, 2025, all foreign companies selling goods through e-commerce platforms (including SHEIN, Temu, Amazon, etc.) will be subject to a 16% value-added tax (VAT). This policy aims to increase the Mexican government’s tax revenue and strengthen regulatory oversight of foreign e-commerce platforms. Previously, goods purchased through these platforms with a value under $50 were exempt from VAT, but this exemption will be removed starting January 1, 2025, and all products sold via e-commerce platforms will be required to pay VAT.  

Source: Mexico National Tax Authority

5. FedEx Upgrades Export Transport Services

December 19 News: FedEx has recently launched a new route that departs from its Asia-Pacific regional hub in Guangzhou, with stops in Bangalore, India, and the UAE, before heading to Europe to Liège and Paris, operating five flights per week. This new route aims to provide more flexible services during holiday peak shipping periods, reducing transportation times by one day and ensuring next-day delivery to Southern India. In response to growing freight demand in Asia, FedEx has also upgraded its export transport services from China to Jakarta, Indonesia, and Johor Bahru, Malaysia, shortening delivery times by one day and 2.5 hours, respectively. This upgrade will help Chinese businesses improve efficiency, boost regional growth potential, and contribute to the integration of Asia’s economy, fostering a more vibrant global trade market.  

Source: FedEx

6.Amazon Launches New Package Tracking Tool

December 19 News: In order to ensure consumers receive their holiday gifts on time before Christmas, Amazon has recently added a package tracking feature on its website. This tool helps shoppers determine whether their packages will arrive before Christmas, enabling them to better plan their shopping and delivery schedules, thus reducing uncertainty and anxiety during the holiday season.  

Source: Amazon

7.TikTok Shop Upgrades Full-Managed Business Strategy

December 19 News: TikTok Shop has upgraded its full-managed mode business strategy, collaborating with merchants to sell high-quality, high-priced products globally. The platform encourages merchants to enhance product quality and avoid price wars, which not only provides consumers with better content, products, and services, but also ensures that products are worth their price, allowing merchants to achieve sustainable profits and growth.  

Source: TikTok Shop

8. Shopee Adjusts Free Shipping Subsidy Program

December 19 News: Shopee announced that in 2025, it will provide more convenient shopping experiences for consumers in Taiwan, including next-day delivery and free shipping without the need for vouchers. Additionally, Shopee will offer periodic extra discount vouchers for participating sellers. As part of this plan, Shopee will adjust the free shipping subsidy program starting January 1, 2025, to better meet consumer needs and drive sales growth for sellers.  

Source: Shopee

9. Trump Meets with TikTok CEO Zhou Shouzi

December 19 News: According to sources, U.S. President-elect Donald Trump met with TikTok CEO Zhou Shouzi at Mar-a-Lago on December 16. In the subsequent press conference, Trump expressed a positive view of the TikTok platform, stating, "We will look into TikTok, you know, I like TikTok." This suggests that the Trump administration may be softening its stance on TikTok and is willing to engage further with the platform.  

Source: Outbound Net

10. Challenge Group Introduces a B747-400F to Serve Chinese Market

December 19 News: Challenge Group has added a B747-400F freighter to its fleet to primarily serve e-commerce, African food, and transatlantic trade from China. With this new addition, the company’s fleet has doubled in less than three years, now consisting of six B747-400F aircraft and four B767-300F freighters. In October of this year, the company also completed the modification of two B767 aircraft for its fleet.  

Source: Global Air Cargo

11. MSC Adds New Port Call on a Route

December 19 News: MSC’s Sijing vessel will depart from Shanghai, with a stop sequence including Shanghai (China), Hong Kong (China), Jakarta (Indonesia), Fremantle (Australia), Adelaide (Australia), and back to Shanghai. MSC stated that the new direct service to Adelaide port (Koala) will provide customers with more convenient and efficient shipping logistics solutions, promoting trade and economic cooperation between China, Australia, and Indonesia.  

Source: Search Shipping

12. Orient Overseas Launches New Route

December 19 News: Orient Overseas announced the launch of the new China-India Express 2 (CIX2) service on December 23, 2024, strengthening connections between China and the Indian subcontinent. The CIX2 service will directly call multiple ports in China and the Indian subcontinent, offering customers competitive and reliable freight options. The port call sequence for CIX2 is Shanghai (China) - Ningbo (China) - Shekou (China) - Singapore - Port Klang - Nhava Sheva - Mundra - Karachi - Port Klang - Singapore - Shanghai (China).  

Source: Orient Overseas

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Public Account: Cross-border E-commerce Logistics Baixiaosheng