1. JD Logistics' 2024 Revenue Reaches 182.8 Billion Yuan

On March 7, JD Logistics released its financial report. According to the report, the company’s 2024 revenue reached 182.8 billion yuan, a year-on-year growth of 9.7%, with fourth-quarter revenue increasing by 10.4%. The adjusted net profit for the year was 7.9 billion yuan, a year-on-year growth of 186.8%. These figures exceeded market expectations in terms of revenue, growth rate, and net profit.

Source: EO Network

2. TEMU’s German Users Reach 17 Million

On March 7, it was reported that as TEMU expands in the European market, Germany has become its largest EU market, with a user base of 17 million. Additionally, TEMU recently received high recognition from the German consumer watchdog Stiftung Warentest for product quality, data security, and return processes. The evaluation rated TEMU as "good" in data processing and shopping experience, while its return process received the highest grade of "excellent." Besides TEMU, Amazon, eBay, AliExpress, Fruugo, Wish, and Banggood were also evaluated, with TEMU achieving the highest scores in several categories.

Source: retail-news

3. Ezhou Huahu Launches Another International Cargo Route

On March 7, a fully loaded SF Airlines B767-300 wide-body freighter took off from Ezhou Huahu International Airport bound for Bangalore, India, marking the official opening of the "Ezhou-Bangalore" cargo route. This is the fourth international cargo route from Ezhou to India. The route will operate once a week, primarily exporting electronic products and general goods, providing over 5,000 tons of annual air freight capacity between Hubei and Bangalore. This will enhance air logistics channels and open up broader prospects for China-India trade cooperation.

Source: Ezhou Huahu International Airport

4. SF Holdings REIT Approved

On March 7, the Southern SF Warehousing Logistics Closed-End Infrastructure Securities Investment Fund received registration approval from the China Securities Regulatory Commission. Previously, it had also received a no-objection letter from the Shenzhen Stock Exchange. In response to the call for private economic development and to support the sustainable growth of the modern logistics industry, SF Holdings applied for a public REIT in September 2024, using some of its warehouse and logistics infrastructure projects as underlying assets.

Notably, this REIT is the first in China to include airside assets from an airport in its asset pool. One of the included assets is a project located at Shenzhen Bao’an Airport, a significant hub for SF’s air freight operations in southern China. It handles large volumes of goods, highlighting the asset's scarcity.

Source: Financial World News

5. Shopee’s 2024 GMV Surpasses $100 Billion

On March 7, Shopee’s parent company, Sea Limited, released its fourth-quarter and full-year 2024 financial report. The data shows that Shopee’s 2024 gross merchandise volume (GMV) grew by 28%, surpassing the $100 billion mark. In the fourth quarter, GMV reached $28.6 billion, up 23.5% year-on-year, with a 20.1% increase in order volume. Looking ahead to 2025, Shopee is confident, forecasting a GMV growth of around 20% and further improvement in profitability. Sea’s founder, Forrest Li, expressed confidence in achieving continued profitability growth in 2025, expecting GMV growth of about 20%.

Source: Shopee

6. Mercado Libre Argentina Site Officially Open for Sellers

On March 7, it was announced that following the opening of its U.S. transshipment warehouse in Mexico, Mercado Libre’s Argentina site is now officially open for Chinese and U.S.-based cross-border sellers. Under the U.S. transshipment warehouse model, sellers only need to stock products at Mercado Libre’s official FULL warehouse in Texas, and the products will be sold cross-border to Argentina. Once a listing is sold, Mercado Libre completes the last-mile delivery, with an approximate delivery time of 10 days.

Source: Mercado Libre

7. Shopify to Introduce New Adjustments

On March 7, Shopify announced that Shopify Scripts will be removed by August 28, 2025, and merchants must migrate existing scripts to the more comprehensive Shopify Functions. To simplify the migration process, Shopify has launched AI-generated "Script Customization Reports," which automatically recommend alternatives compatible with Shopify Functions, helping merchants continue customizing discounts, payments, shipping, and more. Merchants can recreate the original functionality by building custom apps or installing compatible applications.

Source: Shopify

8. Walmart's Global E-Commerce Growth Exceeds 30% for Six Consecutive Quarters

On March 7, Michelle Mi, Vice President of Walmart Global E-Commerce International, announced at the 2025 Walmart Global E-Commerce Kickoff Conference that Walmart's global e-commerce has achieved growth of over 30% for six consecutive quarters. According to Walmart's fourth-quarter financial report, its e-commerce platform business grew by 37% year-on-year, with 45% of orders fulfilled by Walmart's own logistics service (WFS). E-commerce sales accounted for 18% of total sales.

Source: ikjzd

9. eBay Germany's 2024 Revenue Reaches $972 Million

On March 7, it was reported that eBay's performance in Germany has remained stable. Despite a continuous decline in revenue over the past two years, eBay's revenue in Germany in 2024 saw a slight recovery, increasing by $1 million to reach $972 million (€929 million). To drive growth, eBay Germany introduced several policy adjustments, including offering more convenience to sellers and introducing the "Top Service" label.

Source: eBay

10. Global E-Commerce Sales Expected to Surpass $6.8 Trillion in 2025

On March 7, it was forecasted that global e-commerce sales will exceed $6.8 trillion in 2025, with more than 2.77 billion people participating in online shopping. The report identified five major e-commerce trends for 2025: the rise of social media shopping, the rapid development of voice search technology, sustainability becoming a purchasing standard for consumers, the spread of immersive shopping experiences, and the prominence of hyper-local advantages.

Source: GoGlobal

11. SDEK Launches Shipping Service to Amazon Dubai Warehouse

On March 7, international courier operator SDEK successfully delivered its first batch of goods to Amazon’s warehouse in Dubai, marking the official launch of SDEK’s service to Amazon’s international warehouses. The shipment complied with Amazon's Fulfillment by Amazon (FBA) program requirements. SDEK believes this new service will provide Russian and foreign sellers with valuable opportunities to enter international markets while ensuring fast delivery of goods.

Source: Baiyun Logistics

12. Etihad Airways IPO Delayed

On March 7, it was reported that Etihad Airways' $1 billion initial public offering (IPO), originally scheduled for this month, has been postponed to next month. Despite various challenges, Etihad Airways achieved a threefold increase in net profit over the past year, reaching $476 million. Etihad Airways is owned by Abu Dhabi's $225 billion sovereign wealth fund, ADQ.

Source: Aviation Travel

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