1. The 2024 Hurun China 500 List Announced

On February 26, Hurun Research Institute released the "2024 Hurun China 500". Among the China 500, Alibaba maintained its 4th position with a value of 1.54 trillion yuan; Pinduoduo ranked 6th with 1.14 trillion yuan; SHEIN ranked 16th with 450 billion yuan. In terms of industry distribution: the retail industry ranked 10th, and the three most valuable companies were SHEIN, Pinduoduo, and Alibaba; the transportation and logistics industry ranked 15th, and the three most valuable companies were SF Holding, ZTO Express, and Evergreen Marine.

Among the top 100 list, there were 7 companies in the e-commerce logistics field on the list, namely: Alibaba (4th), Pinduoduo (6th), SHEIN (16th), JD.com Group (20th), SF Express (39th), ZTO Express (80th), and Evergreen Marine (121st).

Source: Hurun Report

2.Six Listed Airlines Release January Freight Data

On February 26, the six listed airlines completed a total cargo and mail carrying capacity of 463,000 tons in January, unchanged from the previous month. Among them: the domestic cargo and mail carrying capacity completed was 299,600 tons, unchanged from the previous month; the international and regional cargo and mail carrying capacity completed was 163,400 tons, unchanged from the previous month.

China Southern Airlines' cargo and mail transportation volume was 162,300 tons, a month-on-month increase of 2.51% and a year-on-year increase of 1.58%. The international route volume was 69,900 tons; Air China's cargo and mail transportation volume was 130,000 tons, a year-on-year increase of 6.6%. The international route volume was 35,000 tons, a year-on-year increase of 11.3%; China Eastern Airlines' cargo and mail carrying capacity was 97,500 tons, a year-on-year increase of 0.79%. The international route volume was 35,300 tons, a year-on-year increase of 7%; Hainan Airlines Holdings' cargo and mail transportation volume was 49,300 tons, a year-on-year increase of 18.71%. The international route volume was 9,700 tons, a year-on-year increase of 65.71%; Juneyao Airlines' cargo and mail carrying capacity was 14,300 tons, a year-on-year increase of 27.39%. The international route volume was 5,400 tons, a year-on-year increase of 189.08%; Spring Airlines' cargo and mail carrying capacity was 960 tons, a year-on-year increase of 19.95%. The international route volume was 700.11 tons, a year-on-year increase of 60.62%.

Source: China Federation of Logistics & Purchasing Air Logistics Branch

3.TEMU Expands Business in Two Countries

On February 26, TEMU reached a strategic cooperation with the Serbian Post, using the Serbian Post's delivery services and infrastructure to provide users with faster and more reliable delivery services. Compared with traditional commercial express services, at the same time, TEMU also cooperated with EMX, a logistics subsidiary of the new brand 7X of the United Arab Emirates Post Group, to introduce sea transportation and parcel collection and delivery point services in the United Arab Emirates and Gulf countries, improving e-commerce fulfillment capabilities, reducing logistics costs, and providing users with a seamless shopping experience and more cost-effective consumption. Since its layout in the United Arab Emirates in 2023, TEMU has been expanding its market in Saudi Arabia, Kuwait, Qatar, Bahrain, Oman, and Jordan.

Source: State Post Bureau website

4. DHL to Acquire a Stake in a Logistics Parcel Operator

On February 26, DHL's e-commerce logistics business will acquire a minority stake in the Saudi Arabian parcel operator Ajex Logistics Services. This transaction enables DHL e-commerce, which provides international and domestic transportation services for merchants of light parcels in selected European and Asian countries as well as the United States, to enter the rapidly growing Saudi Arabian e-commerce parcel market. Since its operation in 2021, Ajex Logistics Services has established an extensive distribution network in Saudi Arabia and the Persian Gulf countries. It has 1,500 employees, more than 50 facilities, and a fleet of more than 900 vehicles. With the growth of cross-border e-commerce demand, the connection with DHL provides the parcel carrier with expertise in international shipping and a global network.

Source: FreightWaves

5.Amazon Supply Chain Smart Managed Service Officially Launched

On February 26, Amazon Supply Chain Smart Managed Service (AMS) is now available on the seller platform. It can help sellers simplify cross-border supply chain management, optimize the full-process experience, and enjoy additional logistics discounts and reduce operating costs, enabling sellers to devote more time and energy to business growth and product innovation. Amazon Supply Chain Smart Managed Service is an end-to-end cross-border supply chain management service. Sellers only need to provide product details and the pick-up location, and Amazon will be responsible for completing tasks such as product pick-up, inventory consolidation, cross-border transportation, warehousing, distribution center allocation and warehousing, strategic replenishment, and last-mile delivery.

Source: Amazon Global Selling

6.Alibaba.com's GMV Has Grown 25 Times in the Past 7 Years

On February 26, the quarterly financial report data showed that Alibaba.com increased by 18% year-on-year. Calculated over a longer time period, Alibaba.com's GMV has grown 25 times in the past 7 years. It has maintained rapid growth over the years, and key indicators in many overseas markets have been rising rapidly. In Europe, the recent order volume has increased by more than 70% year-on-year according to the lunar calendar.

Source: 36Kr

7.AliExpress Upgrades the Customization-on-Demand Function for POP Sellers

On February 26, AliExpress recently upgraded the customization-on-demand function for POP stores. 1. Support for special-shaped customization: Such as special-shaped jewelry and home textile printing, support for mask layer overlay, and sellers can freely combine design elements; 2. Newly added customization of fonts, colors, materials, and specifications: Support for more consumer demands, enabling more customization scenarios such as fonts, colors, and materials to meet diverse demands; 3. Full-link visualization: On the consumer side, the full-link process from placing an order - entering customization information - rendering the design - completing the transaction is realized, ensuring a high degree of consistency between the design drawing and the physical product, improving the order placement efficiency and reducing after-sales disputes.

Source: Sina Technology

8.Shopee Vietnam Requires Third-Party Warehouse Stores to Provide Complete Customs Clearance Documents

On February 26, Shopee Vietnam's cross-border store issued a latest notice. According to the regulations of the Vietnamese banking department, starting from March 31, 2025, all orders generated by third-party warehouse stores must provide complete customs clearance documents, otherwise the platform will not be able to make payment operations. To avoid impacts on operations, it is recommended that sellers plan their shipping and customs clearance plans in advance.

Source: Shopee

9.Ozon Adjusts Seller Quotation Terms

On February 26, the Ozon market will change the seller's quotation terms, including the payment rules for delivering goods to pick-up points, parcel terminals, or express delivery to buyers. Under the new regulations, if the goods are not redeemed and the order is cancelled, Ozon will deduct the seller's express service fee. Previously, sellers only paid the "last mile" fee when the sale was successful. If the buyer cancels the order before delivery or during the transportation of the goods (accounting for 3% of returned goods), the last mile fee is still not charged, and the seller usually pays this fee for both sales and returns. Ozon will only reissue an invoice.

Source: Ozon

10. Shopify Upgrades Customer Account Functionality

On February 26, the Shopify platform recently carried out a comprehensive upgrade of the customer account functionality, aiming to optimize the customer experience and provide more convenient services. The new version of the customer account extension functionality allows merchants to install applications with one click, add extended functionality, or customize the customer account. In addition, merchants can provide customers with self-service functions, including managing subscriptions, initiating returns, participating in incentive programs, and updating personal information. The customer account interface also supports adding application blocks, facilitating customers to access pages such as order search, order status, and document management. Shopify also supports merchants to customize the customer account menu, adding, editing, or deleting links to enable customers to easily find the services they need. This update also includes adjustments to the "Go to Store" button, changing it to a "Shop" link, and merchants can rename it and change the jump target page.

Source: Shopify

11.List of the World's Top 250 E-commerce Companies Released

On February 26, research institution ECDB compiled a list of the world's top 250 e-commerce companies. The data shows that the United States is the gathering place for top e-commerce companies, with well-known enterprises such as Amazon and Walmart on the list. The number of Chinese companies on the list is 17.

Source: Economic Observer

12.The First Cross-Border E-commerce Export Business of Aviation Special Products in China Clears Customs in Qingdao

On February 26, a company in Qingdao, Shandong, declared a batch of aviation special products for export through the Qingdao Cross-Border E-commerce Public Service Platform in the cross-border e-commerce 9710 mode, marking the successful customs clearance of the first cross-border e-commerce export business of aviation special products in the Qingdao Free Trade Zone. It is reported that the cross-border e-commerce 9710 mode, full name "Cross-border E-commerce Business-to-Business Direct Export", refers to cross-border e-commerce enterprises directly reaching transactions with overseas enterprises through e-commerce platforms and exporting goods overseas through cross-border logistics.

Source: CCTV News

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