1. Air China Achieves 2024 Revenue of Nearly 170 Billion Yuan

On March 31, Air China released its 2024 annual report. During the reporting period, Air China achieved revenue of 166.699 billion yuan, a year-on-year increase of 18.14%. By the end of 2024, Air China's total assets amounted to 345.769 billion yuan, a year-on-year increase of 3.12%. The net assets attributable to shareholders of the listed company increased by 21.27% to 45.147 billion yuan.  

Source: Civil Aviation Network

2. China Southern Airlines Logistics Achieves Net Profit of Nearly 4.2 Billion Yuan in 2024

On March 31, China Southern Airlines released its 2024 annual report, achieving revenue of 174.224 billion yuan, a year-on-year increase of 8.94%. China Southern Airlines Logistics showed strong performance, with revenue growing 18.36% year-on-year to 19.653 billion yuan, and net profit surging 72.33% to 4.186 billion yuan. The air freight business contributed significantly to the company's profitability.  

Source: China Southern Airlines

3. SHEIN Becomes the Third Largest Fashion Retailer Worldwide

On March 31, GlobalData released data showing that SHEIN, leveraging its flexible digital on-demand supply chain, became the fastest-growing fashion retailer in 2024. With a 1.53% market share, SHEIN surpassed ZARA, H&M, and Uniqlo to become the third-largest fashion retailer globally, behind Nike and Adidas.  

Source: GlobalData

4. China Logistics Group Launches a New Subsidiary

On March 31, China Logistics Group Yunnan Co., Ltd. held its unveiling ceremony in Kunming. According to Qichacha, the company's business scope includes international cargo transport, air cargo transport agency, IoT services, big data services, and industrial internet data services. The company is jointly owned by China Logistics Group and Yunnan Provincial Transportation Investment Group.  

Source: China Logistics

5. SF Express and Ezhou Airport Establish New Partnership

On March 31, Wuxi Airport Group signed a strategic cooperation agreement with SF Express Group and Hubei International Logistics Airport Co., Ltd. (Ezhou Airport). The collaboration focuses on integrating resources, upgrading services, and activating growth potential to create a comprehensive cooperation framework. This alliance will leverage the strategic location of Wuxi in the Yangtze River Delta to accelerate the development of a nationwide and global air freight ecosystem.  

Source: Air Freight News Dispatch

6. TikTok Expands E-commerce Operations in Europe

On March 31, TikTok Shop officially launched in France, Germany, and Italy, marking its further expansion in Europe. TikTok Shop is working with local sellers, including Carrefour in France, fashion retailer About You in Germany, and cosmetics brand Cosnova, signaling its growing presence in the European market.  

Source: TikTok Shop

7. FedEx Accelerates Construction of Its South China Operations Hub

On March 31, FedEx CEO Raj Subramaniam met with Guangdong’s Governor Wang Weizhong in Guangzhou. The two discussed FedEx's plans to further expand its business in Guangdong. FedEx is accelerating the construction of its South China Operations Center and plans to upgrade its Asia-Pacific transshipment hub with smart technologies.  

Source: Securities Times

8. SF Southern REIT Established

On March 31, Southern Asset Management announced the successful establishment of its Southern SF Warehousing and Logistics Closed-end Infrastructure REIT. The fund raised 3.29 billion yuan, with a total of 1 billion shares issued.  

Source: China Economic Net

9. Temu Ranked Among USA Today's Best Shops of 2025

On March 31, Temu was named in USA Today’s "Best Shops of 2025" list, which honors 500 companies providing excellent shopping experiences in the U.S. Temu stood out in the "Mass Merchants and Variety" category, joining other platforms like Amazon and eBay. The rankings were based on customer reviews covering product quality, value for money, shipping, customer service, and more.  

Source: Plant-A Insights Group

10. Amazon Expands Brazil Hub Logistics Program

On March 31, Amazon Brazil announced the expansion of its Amazon Hub logistics program to enhance delivery speeds. Over 250 small and medium-sized businesses in São Paulo, Rio de Janeiro, and Belo Horizonte have joined the program, with plans to expand to an additional 1,900 partners across eight other states.  

Source: Amazon

11. SF Airlines Launches "Yantai-Incheon" Cargo Route

On March 31, SF Airlines launched a new cargo route from Yantai to Incheon, operated by a B757F freighter, offering five weekly flights with a total weekly capacity of nearly 280 tons. Yantai Airport now handles 35 weekly cargo flights to South Korea, with a total weekly cargo volume of 1,000 tons.  

Source: Qilu Evening News

12. Tianjin Cargo Airlines Opens New International Route

On March 31, Tianjin Cargo Airlines opened its first Southeast Asia cargo route, connecting Chongqing and Hanoi. This marks the beginning of regular cargo operations between Chongqing and ASEAN countries, establishing an air freight bridge that will support higher-quality development and deeper openness for Chongqing.  

Source: Tianjin Cargo Airlines

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