1. Temu Launches Presale Function

On February 10, it was reported that Temu, an e-commerce platform, officially launched its presale function. Currently, this feature is only available to enterprise stores, requiring the store to be based in mainland China or Hong Kong. Stores participating in the presale must meet certain operational standards, such as on-time delivery rates, shipping delay rates, and order cancellation rates, which must not be below the industry average. The number of presale SKUs a store can set is limited to 10% of its sold products in the past 30 days and is restricted to popular items.

Source: Ebrun

2. UPS Projects $89 Billion in Consolidated Revenue for 2025

On February 10, UPS announced several initiatives, including fully integrating its UPS SurePost product, reconfiguring its U.S. network, and launching a multi-year plan aimed at saving approximately $1 billion. For the full year 2025, UPS expects consolidated revenue of around $89 billion with an operating profit margin of about 10.8%. The company plans approximately $3.5 billion in capital expenditures, around $5.5 billion in dividend payments (pending board approval), and $1 billion in stock repurchases.

Source: STAT Times

3. USPS Ground Advantage Business Expansion

On February 10, it was reported that in the quarter ending December 31, USPS Ground Advantage saw a 16.1% increase in volume and a 27% increase in revenue. Postmaster General Louis DeJoy noted that the quarter secured over 1,000 customer contracts. However, volume and revenue for USPS's parcel services subcategory decreased by 3.1% and 0.9%, respectively. DeJoy plans reforms, including shifting mail processing to new facilities and consolidating delivery and pickup activities, potentially saving up to $3.7 billion.

Source: Dashu Cross-border

4. China Maintains Position as the World's Largest Trading Nation for Eight Consecutive Years

On February 10, the General Administration of Customs Party Secretary Sun Meijun stated at a national customs work meeting that China's foreign trade surpassed 43 trillion yuan for the first time in 2024, marking a 5% increase year-on-year and maintaining its position as the largest trading nation in terms of goods for eight consecutive years. Facing increased external uncertainties, customs authorities implemented 16 measures to optimize the business environment at ports and promote trade facilitation, leading to stable growth in both trade volume and quality.

Source: Xinhua News Agency

5. ZTO Cross-border Smart Logistics Industrial Park Commences Construction

On February 10, construction officially began on the ZTO Cross-border Smart Logistics Industrial Park project located in Changsha County's Free Trade Zone in Hunan. The project is expected to be completed by June 2026, providing nearly 1,000 jobs once operational. The park will house a cross-border e-commerce goods distribution center, a settlement center, and a courier distribution base. It aims to optimize the allocation of resources in the cross-border e-commerce express industry chain through efficient logistics networks and smart systems, boosting regional economic development.

Source: ZTO Voice

6. Hong Kong Post Continues Suspension of U.S. Parcel Services

On February 10, the Hong Kong Special Administrative Region Government's website issued a press release announcing that Hong Kong Post will continue to suspend the acceptance of parcels containing goods destined for the U.S. until further notice. The suspension stems from a sudden notice by the U.S. Postal Service on February 5, prohibiting the shipment of goods-containing mail to the U.S. unless it complies with U.S. customs declaration regulations. Later that evening, the U.S. Postal Service announced it would continue accepting such mail.

Source: Global Times

7. Amazon Expects 5%-9% Growth in Q1 2025

On February 10, Amazon announced its Q4 2024 financial results, with net sales growing 10% year-on-year to $187.8 billion and net profit rising to $20 billion (up from $10.6 billion the previous year). For the full year 2024, net sales increased by 11% to $638 billion, with net profit reaching $59.2 billion (up from $30.4 billion the previous year). Amazon expects Q1 2025 net sales to range between $151 billion and $155.5 billion, representing a year-on-year growth of 5% to 9%.

Source: Amazon

8. Shopee Officially Launches Shopee International Platform

On February 10, Shopee officially launched its Shopee International Platform (SIP) in Singapore. During the trial phase, over 8,000 Singaporean sellers joined SIP, with order volume and gross merchandise value (GMV) growing eightfold within three months. SIP's main features include seamless market expansion, streamlined fulfillment for international logistics and customer support, and direct invitations for sellers to join. SIP will expand to the Philippines in the future, providing sellers with more customer resources.

Source: E-commerce Society

9. TikTok Shop to Launch in Mexico

On February 10, TikTok announced that TikTok Shop will officially begin operations in Mexico on February 13, 2025, following an invitation in January for local sellers to register and set up stores. Eligible merchants will enjoy a 90-day commission-free incentive, encouraging local sellers to join the platform. Mexico will be the first country in Latin America to launch TikTok Shop, although some product categories, such as jewelry, health products, and maternity items, will be regulated on the platform.

Source: TikTok

10. Global E-commerce App Downloads Reach 6.5 Billion in 2024

On February 10, Sensor Tower released its "2024 E-commerce App and Brand Market Insights" report, showing that global e-commerce app downloads continue to grow, from 4.3 billion in 2019 to 6.5 billion in 2024, a year-on-year increase of 5.6%. Google Play accounted for 63% of total downloads, with significant growth in Latin America, Southeast Asia, and Japan. Temu stood out with the most global downloads, continuing its rapid growth with 550 million downloads in 2024, a 69% increase year-on-year. By December 2024, Temu's cumulative global downloads approached 900 million, securing its position as the top global e-commerce app. Additionally, Indian e-commerce app Zepto saw a 432% increase in downloads, ranking second in growth rate.

Source: Sensor Tower

11. Etihad Cargo Operates Over 300 Flights on Ezhou Route

On February 10, it was reported that since Etihad Cargo's inaugural flight to Ezhou Huahu International Airport on August 18, 2023, the company has operated 329 scheduled and chartered flights, linking Ezhou Huahu International Airport with Abu Dhabi’s Zayed International Airport. Etihad Cargo has solidified its position as a reliable partner for various industries, including pharmaceuticals, e-commerce, and fresh produce. As the first international airline to operate a route to Ezhou, Etihad Cargo has transported over 18,700 tons of export goods and 400 tons of imported goods via Abu Dhabi since 2023.

Source: China Civil Aviation News

12. Malaysian Logistics Company Acquired

On February 10, it was reported that Accelerated Global Solutions, a logistics service provider acquired by startup parcel delivery service SpeedX in November last year, has purchased a 15% stake in Malaysia's KGW Logistics. This acquisition is part of owner Chris Zheng’s ambitious plan to develop a billion-dollar company within 18 months, capable of managing the entire logistics process for customers. The investment in KGW expands Accelerated Global Solutions' footprint in Asia and strengthens its trans-Pacific and customs brokerage services. AGS has over 300 employees and handles logistics services for fast fashion, automotive, healthcare, technology, metals, and seafood companies.

Source: Accelerated Global Solutions

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