1. SF Holding Achieves 18.3 Billion Yuan Revenue in February

On March 21, it was reported that SF Holding disclosed its operational data for February. Due to the timing of the Chinese New Year, SF Express logistics, supply chain, and international businesses collectively achieved revenue of 18.371 billion yuan in February, a year-on-year increase of 6.41%. The combined revenue for January and February reached 44.648 billion yuan, a year-on-year growth of 7.27%. The express logistics business volume in this period was 2.246 billion shipments, up 16.68%, and the revenue from supply chain and international business amounted to 10.736 billion yuan, up 13.55%. The company continues to operate steadily. In February alone, SF Express handled 916 million shipments, an increase of 17.74% year-on-year, while the revenue from supply chain and international businesses reached 5.222 billion yuan, up 13.55% year-on-year.

Source: SF Holding

2. China Southern Airlines Logistics Introduces a New Transfer Model

On March 21, it was reported that a batch of international regulated cargo, weighing 6.5 tons, transferred from Frankfurt via Guangzhou, was efficiently delivered to Shanghai Pudong Airport using an innovative “whole pallet transfer” model. This marked the official trial of China Southern Airlines Logistics' new "domestic air-land intermodal pallet transfer" service for international cargo, providing more reliable logistics guarantees for time-sensitive cross-border e-commerce shipments. The new product, a "domestic air-land intermodal time-sensitive transfer" for international cargo, is part of the implementation of the national “14th Five-Year Plan” for the development of a modern circulation system.

Source: Air Cargo Express News

3. TEMU Accelerates Transition from Full-Managed to Semi-Managed Model

On March 21, it was reported that TEMU plans to fully transition its best-selling products from the full-managed model to the semi-managed model by April. Sellers will be required to manage logistics on their own, which will put higher demands on their cash flow and logistics capabilities. TEMU will provide support for logistics binding, as well as traffic and pricing assistance, but sellers need to be mindful of the increased logistics costs and compliance issues.

Source: Big Data Cross-Border

4. YTO, Yunda, and STO Announce February Performance

On March 21, it was reported that YTO, Yunda, and STO released their February 2025 performance reports. YTO Express reported express product revenue of 4.29 billion yuan, a year-on-year growth of 36.47%, with a business volume of 1.846 billion shipments, up 48.78%. The express product revenue per shipment was 2.32 yuan, a year-on-year decrease of 8.27%.

Yunda Express reported express service revenue of 3.537 billion yuan in February, a year-on-year increase of 45.32%, with a business volume of 1.810 billion shipments, up 69.95%. The express service revenue per shipment was 1.95 yuan, a year-on-year decrease of 14.85%.

STO Express reported express service revenue of 3.466 billion yuan, a year-on-year increase of 48.03%, with a business volume of 1.699 billion shipments, up 63.39%. The express service revenue per shipment was 2.04 yuan, a year-on-year decrease of 9.33%.

Source: Express Magazine

5. TikTok Shop Europe Opens Registration to Mainland China Sellers

On March 21, it was reported that TikTok Shop has updated its requirements for cross-border stores on EU (Germany, Spain, France, Italy) and UK sites. According to the new rules, the eligibility to register cross-border stores on the EU and UK sites, previously restricted to local sellers, has been expanded to include entities from Mainland China and Hong Kong.

Source: TikTok Shop

6. Amazon to Promote Low-Cost Mall ‘Haul’

On March 21, it was reported that Amazon’s annual “Big Spring Sale” will officially launch on March 25 and last until March 31. This year's promotion is open to all consumers, with Prime members enjoying additional discounts. The sale covers more than 35 categories, offering up to 40% off on popular items such as clothing, beauty products, outdoor furniture, and gardening supplies. During the event, Amazon will also focus on promoting its low-cost platform, Amazon Haul, where customers can enjoy a 50% discount on purchases.

Source: Amazon

7. Shopify to List on Nasdaq

On March 21, Shopify announced that it would voluntarily transfer its U.S. stock listing from the New York Stock Exchange to the Nasdaq Global Select Market. The e-commerce company expects its Class A shares to cease trading on the NYSE after the close of business on Friday, March 28, and to begin trading on Nasdaq on March 31. Shopify’s listing on the Toronto Stock Exchange remains unaffected, and its Class A shares will continue to trade on both the TSX and Nasdaq.

Source: Shopify

8. Ozon Implements Additional Packaging Fees for Returned Products

On March 21, it was reported that starting from April 1, 2025, Ozon will introduce a new paid service for sellers under its FBO and FBS programs called “Additional Packaging for Returned Products.” The policy specifies:

1. Staff at delivery points (ADP) will handle the additional packaging of returned items.

2. Sellers can choose to offer this service for products with fragile or unusable original packaging.

3. Initially, safety bags will be used, with the possibility of introducing boxes and other materials in the future.

4. The extra packaging fee will be 9 rubles per item, including 4 rubles for Ozon’s safety packaging and 5 rubles for ADP staff’s handling fee.

5. The service is optional, and Ozon will provide detailed information to sellers before its official launch.

Source: Ozon

9. Wildberries Increases Return Fees and Deposits

On March 21, Wildberries announced that starting from April 1, 2025, the return fee for items not collected at order pickup points (OPP) within 14 days will be increased to 200 rubles. Other return conditions remain unchanged. The platform stated that less than 1% of orders are affected by this policy, which aims to reduce unclaimed orders at pickup points and unnecessary warehouse movements. Additionally, Wildberries raised the deposit for new sellers from 10,000 rubles to 30,000 rubles, but the operational mechanism remains unchanged. The deposit will be refunded as a bonus for product promotion.

Source: Wildberries

10. Shopee Philippines Issues Warehouse Relocation Notice

On March 21, Shopee's cross-border store announced the latest update for the Philippines site, stating that due to the expiration of the lease contract for the current overseas warehouse (PHD warehouse), all products stored there must be transferred to a new warehouse. All future warehousing operations will also be switched to the new warehouse. The warehouse code for the new facility will be updated in the system backend, and sellers are advised to adjust their warehousing settings accordingly. Additionally, all new sellers joining the Philippines overseas warehouse will automatically use the new facility.
Source: Shopee

11. RCL Launches New Service from Far East to Latin America

On March 21, it was reported that RCL, an intra-Asia and feeder shipping company, will launch its first service connecting Asian ports to Latin America, named the RCL Far East-Latin America Service. Utilizing 2,800 TEU vessels, the service will take 23-25 days from China to Mexico and 21 days from Korea to Mexico, with the inaugural voyage departing from Shanghai on April 30.

Source: gjkdwl

12. Seven Asian Carriers Launch Service to Mexico

On March 21, analysts at Alphaliner reported that seven Asian shipping companies, including Emirates Shipping Line (ESL), KMTC, Regional Container Lines (RCL), SeaLead, Sinokor, Sinotrans, and TS Lines, will launch a new weekly service connecting China and Korea to Manzanillo on Mexico's west coast. Each carrier will contribute one vessel, with the first sailing scheduled to depart from Shanghai on April 30.

Source: Logistics Baba

END

WeChat Public Account: Cross-border E-commerce Logistics Baixiaosheng