1.Jiacheng International 2024 Revenue Reaches 1.346 Billion Yuan

On February 21, Jiacheng International released its 2024 annual report, showing a revenue of 1.346 billion yuan, a year-on-year increase of 9.83%. The net profit attributable to the shareholders of the listed company was 205 million yuan, a growth of 24.53%. The net profit after deducting non-recurring gains and losses was 205 million yuan, a growth of 31.20%. Basic earnings per share was 0.59 yuan.

Source: Jiacheng International

2.SF Holding January 2025 Revenue Reaches Approximately 26.3 Billion Yuan

On February 21, SF Holding (002352.SZ) announced its operating data for January 2025. During the 2025 Spring Festival period, SF Holding leveraged its direct sales model and rich product matrix in comprehensive logistics, ensuring stable network services and resource scheduling capabilities to meet customers' various shipping needs. The total revenue in January 2025 reached 26.277 billion yuan, a 7.88% year-on-year increase. Among them, the express logistics business generated 20.763 billion yuan, a growth of 6.47%. The total business volume was 1.33 billion items, a 15.95% increase. The average income per item was 15.61 yuan. The supply chain and international business reached 5.514 billion yuan, increasing by 13.55%.

Source: SF Holding

3.TEMU Launches First Semi-Managed Site in Southeast Asia

On February 21, TEMU officially launched its first semi-managed site in Southeast Asia – the Philippines station. Entering 2025, TEMU has accelerated its semi-managed site opening plan. Stations in Slovakia, Ireland, Croatia, Bulgaria, and Greece have officially opened, with the Slovakia station opening to consumers on February 20, and the Ireland station opening on February 24. The UAE station is expected to officially open to consumers on February 28. Meanwhile, stations in Lithuania, Latvia, Estonia, Luxembourg, and Finland are also expected to launch soon.

Source: NetEase Business.

4."Two Express Giants" Release January 2025 Performance Data

On February 21, data for January 2025 from the domestic listed "Two Express Giants" (YTO, STO, Yunda) was released. YTO’s revenue was 5.34 billion yuan, STO’s was 4.169 billion yuan, and Yunda’s was 4.069 billion yuan. In terms of business volume, YTO handled 2.268 billion items, STO 2.023 billion, and Yunda 2.013 billion items. YTO's revenue growth rate was 1.50%, while STO’s growth rate was 5.11%. Regarding business volume growth, YTO increased by 5.46%, STO by 11.77%, and Yunda by 2.86%. As for average income per item, YTO earned 2.35 yuan/item, STO 2.06 yuan/item, and Yunda 2.02 yuan/item. Notably, STO's business volume surpassed Yunda for the first time, and its revenue also overtook Yunda.

Source: Express Ecosystem

5.Gansu SF Partners with Gansu Logistics Group to Invest in Lanzhou Port

On February 21, Gansu SF signed a comprehensive cooperation agreement with Gansu Logistics Group Lanzhou International Port Investment Development Co., Ltd. (Lantou). The two parties will focus on core areas such as express logistics, intelligent warehousing, cold chain transportation, and international channel development. They will deeply collaborate to enhance logistics services in the northwest region, contribute to the region’s industrial upgrade, and drive high-quality economic development.

Source: SF Group

6.JD Zhuofeng Increases Shareholding in Debon

On February 21, Debon Express released an announcement regarding the repurchase of shares and passive increase in shares by its controlling shareholder. The announcement stated that Debon will cancel 7,139,877 shares, accounting for 0.6952% of the company's total share capital. After the cancellation, the total share capital will be adjusted to 1,019,815,388 shares. As a result of the share cancellation, the combined shareholding of the controlling shareholder Debon Holdings and JD Zhuofeng increased from 74.8805% to 75.4047%.

Source: Debon Express

7.International Giants Significantly Increase Stake in Alibaba

On February 21, it was reported that major international investors such as Morgan Stanley, Norway’s Sovereign Wealth Fund, David Tepper's Appaloosa Management, and Primecap Management have increased their holdings in Alibaba. As of December 31, 2024, Primecap’s holdings increased to 21.955 million shares. Norway’s central bank raised its stake from 5.634 million shares in Q2 to 6.905 million shares by Q4. Morgan Stanley increased its stake by 2.54 million shares, bringing its holdings to 12.14 million shares. Appaloosa raised its holdings from 10 million shares to 11.84 million shares, making it the largest shareholder, while Renaissance Technologies doubled its stake to 2.995 million shares.

Source: Yicai Global

8.Shopee Vietnam Adds High-Value Item Logistics Channels

On February 21, Shopee Vietnam's cross-border store announced key updates regarding high-value item logistics. Due to adjustments in Vietnam's VAT, the eligibility standard for high-value logistics channels has been updated to VAT-inclusive prices over 1 million VND (approximately 909,090 VND before VAT). To avoid unnecessary tax losses, sellers are urged to adjust their product pricing according to category and activate high-value logistics channels for eligible products.

Source: Shopee

9.Shopify Enhances Search and Filter Functions

On February 21, Shopify announced an optimization to its "Category" filtering function, allowing merchants to customize the order of "Category" filters in product collections and search results. Merchants can manually sort using Shopify Search & Discovery or use Shopify Magic for automatic reordering to improve the accuracy of search results and better match customer needs. Additionally, the Shopify app has updated the search feature, ensuring consistent experience between mobile and desktop platforms. New features include all filter options on the homepage, display of the number of filtered results, and the ability to search uninstalled apps and manage pages.

Source: Shopify

10.Shopee Singapore Increases Commission Rate

On February 24, Shopee announced that from March 18, 2025, the commission rate for local sellers in Singapore would increase from 5.45% to 7.63%. To support local FBS sellers, Shopee will introduce a special policy offering a minimum commission rate of 4.36% for FBS sellers. Sellers are encouraged to plan ahead and adjust their operational strategies.

Source: Shopee

11.Guiyang-Dhaka International All-Cargo Flight Route Opens

On February 21, Guiyang Airport officially launched an international all-cargo flight route between Guiyang and Dhaka, Bangladesh. The flights are operated by Tianhuo Airlines using Boeing 737-800F freighters with a 21-ton capacity. The route will operate four to five flights weekly, with future adjustments based on market demand. Imported goods include seafood such as crabs and eels, while exports consist of clothing, textiles, fresh flowers, electronic parts, and mechanical components.

Source: Guangming Daily

12.Dongguan-Hong Kong International Air Cargo Center Exceeds 20 Billion Yuan in Import-Export Value

On February 21, the Dongguan-Hong Kong International Air Cargo Center surpassed a total import-export value of 20 billion yuan. In January, the value reached 1.197 billion yuan, a 93% year-on-year increase. The center's logistics distribution advantages have become more evident, attracting numerous well-known cross-border e-commerce platforms. According to Huangpu Customs, since the launch of the first cross-border e-commerce route in April 2024, the center has opened more than ten routes to Southeast Asia and Europe. Currently, four major cross-border e-commerce companies are conducting business through the center.

Source: Huangpu Customs

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