1. Kerry Logistics Announces Full-Year Results for 2024

On April 1, Hong Kong-listed Kerry Logistics (KLN) announced its full-year results for 2024. The company's revenue grew by 23% to HKD 58.274 billion, and profit attributable to shareholders surged by 95% to HKD 1.542 billion. During the period, the company's integrated logistics business achieved a segment profit of HKD 1.251 billion, a decline of 3%, while the international freight forwarding business saw a segment profit increase of 39% to HKD 1.950 billion. A final dividend of HKD 0.15 per share has been proposed.

Additionally, the joint venture established with SF Holding, which began operations in November 2023, provided ground handling services at the international cargo terminal of Ezhou Airport in China. The venture generated over HKD 200 million in revenue in its first year, significantly outperforming expectations.

Source: China Securities Journal

2. SF Holding's 2024 Revenue Reaches RMB 284.4 Billion

On April 1, SF Holding released its 2024 annual report, showing that the company achieved RMB 284.42 billion in operating revenue, up 10.07% year-on-year. Net profit attributable to shareholders reached RMB 10.17 billion, a 23.51% increase. EBITDA profit reached RMB 32.695 billion, growing by 11.05%. Basic earnings per share rose to RMB 2.11, up 24.12% year-on-year. The company's net operating cash flow for the year amounted to RMB 32.186 billion, a 21.14% increase, while free cash flow surged by 70.14% to RMB 22.298 billion.

The report highlights significant growth across SF Holding's business segments in 2024. Revenue from supply chain and international operations reached RMB 70.49 billion, a 17.5% increase, reinforcing the company's second growth curve.

Source: Courier Magazine

3. JD.com Increases Investment in Southeast Asian E-commerce

On April 1, JD.com held the "JD.com Cambodia National Pavilion, Import Pavilion, and Logistics Launch Ceremony" in Cambodia, marking a further step in its cross-border e-commerce expansion in Southeast Asia, particularly in Cambodia. Zhang Yuling, Head of JD.com's Public Affairs Department, stated that the JD.com National Pavilion is a key part of its globalization strategy, aiming to offer a "globally curated, locally serviced" one-stop cross-border shopping experience. She mentioned that JD Logistics now covers the globe and, through big data forecasting and localized services, can achieve "next-day delivery" in Southeast Asia.

In the future, JD.com plans to introduce technologies such as AR makeup trials and AI recommendations to enhance the consumer shopping experience.

Source: Khmer China Times

4. Lotte Global Logistics Launches IPO to Raise $137 Million

On April 1, Lotte Global Logistics, a subsidiary of Korea's Lotte Group, officially launched its IPO, aiming to raise $137 million by issuing nearly 14.94 million shares. The price range for the offering is set between $7.85 and $9.21 per share. The company’s net profit doubled last year to $27.53 million. Lotte Global Logistics’ operations cover freight, port management, and cross-border e-commerce, handling over 500 million items annually.

Source: amzcm

5. Aoji's 2024 Revenue Reaches RMB 10.71 Billion

On April 1, Shenzhen-based Aoji Cross-Border Commerce Co., Ltd. (Aoji) released its 2024 annual performance report. The report shows that Aoji’s 2024 revenue reached RMB 10.71 billion, an increase of 23.34% year-on-year. Net profit was RMB 504 million, a 5.2% decline. In terms of business segments, product sales revenue totaled RMB 8.268 billion, while logistics revenue was RMB 2.441 billion, up 47.7% year-on-year.

Source: hkexnews

6. Temu Opens Platform to Local Sellers in Australia

On April 1, Temu announced that it is inviting local Australian sellers to sell on its platform as part of its "local-to-local" model. This model has already been introduced in over ten markets, including the U.S. and U.K. According to Similarweb's "2025 Australia Top 100 Digital" report, Temu was ranked as the fastest-growing website in Australia, with unique visitors increasing by 72% year-on-year.

Source: Similarweb

7. Wildberries 2024 Revenue Exceeds RUB 4.1 Trillion

On April 1, it was reported that Russian e-commerce giant RVB (a merger of Wildberries and Russ) achieved a total revenue of over RUB 4.1 trillion in 2024, representing a 60% increase compared to Wildberries' 2023 performance. Seller revenue on the platform grew by 44% year-on-year to RUB 2.9 trillion, while net profit soared to RUB 104 billion, 3.5 times that of 2023. RVB invested over RUB 150 billion in 2024, primarily upgrading logistics and IT infrastructure. The platform now processes over 20 million orders daily and operates around 60,000 pickup points in 12,000 towns and villages across Russia, solidifying its leading market position.

Source: Wildberries

8. Xi'an Airport Expands European Cargo Routes

On April 1, driven by the continued growth in the air cargo market, Xi'an Airport and Georgia Airlines strengthened their collaboration to increase the frequency of the Xi'an-Budapest cargo route from two to four flights per week. This expansion aims to further enhance air freight service efficiency, creating a "hub-to-hub 1+2" development model centered around Xi'an-Budapest. The move will elevate Xi'an Airport's role as a comprehensive international air logistics hub and support Shaanxi Province’s efforts to accelerate the development of the "Air Silk Road."

Source: China Civil Aviation Network

9. Ningbo-Liège International Cargo Route Resumes

On April 1, a B747 cargo plane carrying 112 tons of goods departed from Ningbo Lishe International Airport to Liège, Belgium, marking the full resumption of this cargo route. Operated by Belgium’s ASL Airlines, the route is scheduled to run three times per week, with each flight capable of carrying up to 120 tons of cargo. Imports mainly include equipment and auto parts, while exports are primarily e-commerce goods and traditional trade items such as machinery, precision instruments, and textiles.

Source: Air Cargo Express News

10. Chongqing-Hanoi All-Cargo Flight Route Launches

On April 1, Tianjin Cargo Airlines flight HT3861 landed smoothly at Chongqing Jiangbei International Airport, marking the official launch of the Chongqing-Hanoi all-cargo flight route. This route fills a gap in Southeast Asian cargo flights at Jiangbei Airport, creating an aerial bridge for the development of the New Western Land-Sea Corridor.

The Chongqing-Hanoi route will operate four times a week (Monday, Wednesday, Friday, and Sunday), using a B737-800 freighter with a payload of around 18 tons. In addition to local cargo, the route will consolidate Southeast Asian goods for transshipment through Chongqing to Europe and North America, further enhancing Jiangbei Airport's role as a cargo hub. Jiangbei Airport currently operates 12 international (regional) all-cargo routes with 31 weekly flights.

Source: Cover News

11. CEVA Adds New Trans-Pacific Air Cargo Charter Flights

On April 1, CEVA Logistics announced the addition of a new trans-Pacific charter service to meet the demand between China and the U.S. The new route operates between Wuxi, China, and Chicago, U.S., using a Boeing 747 freighter, with three flights per week. The service will cater to a wide range of cargo, including industrial equipment, electronics, oversized items, e-commerce goods, and apparel.

Source: Going Abroad News

12. Hangzhou Cross-Border E-commerce Pilot Zone Surpasses RMB 200 Billion in Exports Over Ten Years

On April 1, according to statistics from Hangzhou Customs, the Hangzhou Cross-Border E-commerce Comprehensive Pilot Zone, the first of its kind in China, has achieved more than RMB 200 billion in total imports and exports over the past decade, with exports exceeding RMB 150 billion. The average annual growth rates for imports and exports were 31.7% and 43.9%, respectively. Cross-border e-commerce trade now spans over 200 countries and regions, driving more than 65,000 enterprises into global supply chains. Currently, China has established 165 cross-border e-commerce pilot zones covering all 31 provinces, regions, and municipalities, further strengthening the "buy globally, sell globally" advantage of cross-border e-commerce.

Source: China National Radio

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