1. JD Group Cooperates with China Merchants Group

On December 31, JD Group and China Merchants Group held a strategic cooperation signing ceremony at JD's global headquarters in Beijing, marking the start of the third strategic cooperation cycle between the two. Xu Ran, Vice Chairman of JD Group’s SEC and CEO of JD Group, and Shi Dai, General Manager of China Merchants Group, attended the ceremony and witnessed the signing. Representatives from both sides participated in the event.
The two companies will leverage this new agreement to further strengthen their collaboration in logistics, financial services, corporate procurement, e-commerce, technical services, industrial investment, and healthcare, creating a win-win, sustainable partnership that generates greater value for users, the industry, and society.

Source: MSN

2. China Cargo Airlines Successfully Listed

On December 31, China Cargo Airlines officially landed on the A-share market. On its first trading day, the stock opened 334.8% higher, at 10 yuan per share. The IPO price was 2.30 yuan per share, with a P/E ratio of 25.56, raising 3.495 billion yuan, making it the largest IPO of the year in terms of fundraising. After a strong opening, the stock remained high, closing at 10.17 yuan by noon, up 342.17%, giving the company a total market value of 122.149 billion yuan.

Financial data shows that from 2021 to the first half of 2024, China Cargo Airlines achieved operating revenues of 24.305 billion yuan, 23.076 billion yuan, 14.919 billion yuan, and 8.969 billion yuan, respectively, with net profits of 4.345 billion yuan, 3.111 billion yuan, 1.155 billion yuan, and 666 million yuan. China Aviation Capital directly holds 45% of the shares, making it the largest shareholder, while China Aviation Group indirectly controls 45%. Other notable shareholders include Cainiao (15%), Cathay Cargo (12.24%), and Shenzhen International (10%).

Source: Yicai

3. Hubei’s First Local International Cargo Airline Established

On December 31, the Ezhou Municipal Government and Reignwood Aviation Group signed a cooperation agreement to jointly establish Hubei's first local international cargo airline with a total investment of 10 billion yuan. Reignwood Aviation Group plans to set up a specialized cargo airline in Ezhou, with Huahu International Airport as its primary hub, expanding its presence in the global air cargo market.

The new airline will serve regional provinces and international markets, aiming to operate 20 freighters within 5 years, generate over 5 billion yuan in revenue, and launch more than 10 intercontinental cargo routes. Within 25 years, it plans to operate 100 freighters with revenues exceeding 30 billion yuan, covering major domestic cities and achieving a global air freight network.

Source: Hubei Daily

4. Cainiao’s Parcel Deliveries Surge in Two Countries

On December 31, it was reported that Cainiao's holiday parcel deliveries surged significantly in the U.S. and Mexico. Since launching U.S. operations in early 2024, Cainiao's local courier network now covers 90% of the population in California and Florida, offering next-day and two-day delivery services. In Mexico, Cainiao's network has expanded to 18 states, with daily parcel volume growing, reflecting its increasing market share.

The newly opened national distribution center near Mexico City enhances Cainiao's ability to provide 2.5-day priority service, exceeding local standards during peak demand periods.

Source: Logistics Baba

5. Trump Requests to Halt TikTok Forced Sale Order

On December 31, U.S. President-elect Trump requested the U.S. Supreme Court to suspend the forced sale order of TikTok. Trump expressed his hope that the court would give him time to resolve the dispute politically after taking office on January 20.

Source: Phoenix News

6. Temu Adjusts Delivery Times for European Markets

On December 31, Temu informed merchants of a major benefit regarding delivery time adjustments across European countries through a banner in the seller center. Merchants can update their shipping timeframes by editing the shipping template in the backend and selecting the adjusted time option. The changes will automatically update the fulfillment times for products tied to the shipping template, offering more flexibility and efficiency in delivery management.

Source: Ebrun

7. TikTok Shop Southeast Asia to Launch New Feature

On December 31, TikTok Shop announced that from January 8, 2025, the platform will roll out a "refund without return" feature for Southeast Asia cross-border orders that meet certain conditions. This update will allow merchants to automatically approve buyer refund requests without requiring the return of goods, streamlining the process for orders under specific value thresholds.

Source: TikTok Shop

8. Coupang Expands Overseas Direct Purchase Service to Europe and Oceania

On December 31, Coupang extended its overseas direct purchase service to Europe and Oceania, following its expansion in North America and Asia. This marks a further step in Coupang's global e-commerce strategy, aiming to strengthen its position in competitive overseas markets. Coupang's Rocket service already covers the U.S., China, Hong Kong, and Japan.

Source: Coupang

9. Chinese Cross-border Platforms Ship 4 Billion Parcels to the EU

On December 31, GFK predicted that Chinese cross-border platforms such as Temu, SHEIN, and AliExpress would ship about 4 billion parcels to EU countries in 2024. Recent policies, including the National Development and Reform Commission’s comprehensive reform plan for Yiwu, aim to optimize cross-border e-commerce rules to better reflect the interests of small businesses.

Source: GFK

10. Cross-border E-commerce Registrations Grow 46.84%

On December 31, Qichacha data revealed that China has 23,500 registered cross-border e-commerce companies. In 2023, there were 5,818 newly registered companies, up 43.97% from the previous year, setting a new record. As of November, 7,609 new companies had been registered, representing a 46.84% increase year-on-year.

Source: Qichacha

11. Temu and AliExpress See User Growth in South Korea

On December 31, IGAWORKS data showed that from January to November, Temu and AliExpress saw 18.04 million and 6.58 million new app installs in South Korea, respectively. The two platforms accounted for over half of South Korea's population, with their combined share in the credit card payment market increasing to 0.7% for Temu and 3.4% for AliExpress.

Source: IGAWORKS

12. South China COSCO Shipping Opens New Direct Route

On December 31, South China COSCO Shipping announced the opening of a new direct route from Puerto Quetzal in South America to Shenzhen and other South China regions, starting January 2025. The new route aims to enhance efficiency and increase capacity, offering more convenient options for exports from the Greater Bay Area to Mexico, Peru, and Chile.

Source: Sina Finance

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Public Account: Cross-border E-commerce Logistics Baixiaosheng