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Chinese airlines will increase capacity to the United States; Aliexpress releases semi-managed report card
Release Date:2024.04.12 Cate:News1、In 2023, Amazon will account for 40% of all e-commerce in the United StatesAccording to Marketplace Pulse, Amazon will account for 80 percent of U.S. market sales, 40 percent of e-commerce sales and 4 percent of retail sales in 2023.eMaketer predicts that Amazon will have 72.4% of the U.S. market share in 2023 and 39.6% of retail e-commerce sales. Walmart's retail e-commerce sales are far b
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The Top 40 Global Third-Party Logistics Companies of 2023 Revealed; E-commerce Platforms like Temu to Undergo Strict Review of "Small Exemption" Shipping Methods
Release Date:2024.04.09 Cate:News1. **UPS Adds Shenzhen to Sydney Cargo Flights**On April 9th, global leading international logistics company UPS announced the addition of cargo flights from Shenzhen to Sydney, accelerating transportation services between the Asia-Pacific market and Australia. Shipments from China (including mainland China, Hong Kong, and Taiwan), Japan, South Korea, Malaysia, the Philippines, Singapore, Thailand
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UPS will replace FedEx as the primary air freight provider for the United States Postal Service; Temu establishes an office in Seoul, South Korea.
Release Date:2024.04.08 Cate:News1. **UPS to Replace FedEx as Primary Air Freight Provider for USPS**On April 8th, the United Parcel Service (UPS) announced that it has obtained a significant air freight contract with the United States Postal Service (USPS), effective immediately. This contract marks a substantial expansion of their existing partnership. Following the transition period, UPS will become USPS's primary air frei
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UPS plans to close 200 sorting centers in the future; TEMU's new site covers the area for the first time.
Release Date:2024.04.02 Cate:News1. UPS Plans to Close 200 Sorting Centers in Five YearsOn April 2nd, due to a decline in freight market demand, global express giant UPS (United Parcel Service) announced plans to close 40 sorting centers in the United States this year, with approximately 200 sorting centers expected to be closed over the next five years to reduce excess capacity and lower labor costs. UPS aims to save $3 billion
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International logistics giant DB Schenker launches new express air freight service; YunExpress deepens strategic cooperation with Atlas Air.
Release Date:2024.04.01 Cate:News1. China COSCO Shipping's 2023 Annual Performance ReleasedNews on April 1st: China COSCO Shipping Holdings Co., Ltd. released its 2023 annual performance. The company achieved a pre-tax profit (EBIT) of RMB 36.669 billion, a total profit of RMB 33.077 billion, and a net profit of RMB 28.396 billion.Among them, the net profit attributable to shareholders of listed companies was RMB 23.860 billi
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"Temu drives Pinduoduo's performance, with a year-on-year growth of 123%; National airport cargo throughput ranking for 2023 released."
Release Date:2024.03.22 Cate:News1. **Temu Drives Pinduoduo's Performance to Grow by 123% YoY**On March 22nd, Pinduoduo released its financial report for the fourth quarter and full year of 2023. In the fourth quarter of 2023, Pinduoduo's revenue reached 88.9 billion yuan, a year-on-year increase of 123%; net profit was 23.3 billion yuan, a year-on-year increase of 146%. For the whole year, Pinduoduo's revenue was 247
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The Rise of Cross-Border E-Commerce Platforms: A Shift Towards Semi-Managed Operations
Release Date:2024.03.20 Cate:NewsGoing global is no longer an optional choice but a must-do task. Chinese cross-border e-commerce platforms led by Alibaba's AliExpress, SHEIN, Temu, and TikTok Shop have ignited a wave of "Made in China" trends worldwide.In 2023, China's total import and export volume of cross-border e-commerce reached 2.38 trillion yuan, a year-on-year increase of 15.6%. Among them, cross-border
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SHEIN has won the Brand Popularity Championship for three consecutive years; JD Logistics and Cainiao upgrade international express services
Release Date:2024.03.20 Cate:News1. SHEIN Clinches Three Consecutive Years as Top Casual Women's Wear Brand in the USMarket consulting firm LEK Consulting released its "2024 LEK Footwear and Apparel Brand Popularity Index" on March 20th, revealing that the well-known fashion brand SHEIN once again secured the top spot as the most popular casual women's wear brand in the US. This marks its third consecutive year
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Amazon Launches Ocean Freight Service; JD Group Enters Strategic Partnership with BYD
Release Date:2024.03.19 Cate:News1. Global Parcel Delivery Market Size Expected to Reach $648 Billion by 2030March 19th news: According to recent forecasts from international courier company ParcelHero, the global parcel delivery market is expected to reach $648 billion by 2030, offering new investment opportunities.ParcelHero's research suggests that by 2030, the development of technology-driven e-commerce and transportation
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TEMU activates local inventory in the United States; January freight performance of the six major listed airlines unveiled; China Post and Sinotrans sign cooperation agreement.
Release Date:2024.03.18 Cate:News1. Amazon Business Becomes One of the Fastest-Growing Enterprises in Amazon's HistoryMarch 18th news: Amazon announced that Amazon Business has become one of the fastest-growing enterprises in Amazon's history, with annual sales reaching $35 billion in 2023. Doug Herrington, CEO of Amazon Global Store, commented, "I have been excited about Amazon Business since its launch. The Amazon
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Maersk considers acquiring DB Schenker; SF Express launches fulfillment service for the first time in the country.
Release Date:2024.03.15 Cate:News1. Maersk considers acquiring DB SchenkerOn March 15th, it was reported by Danish business media Børsen that Maersk is accelerating preparations for the acquisition of DB Schenker, following the withdrawals of Kuehne+Nagel and DHL from the acquisition process.Mr. Søren Skou, CEO of Maersk, expressed interest in acquiring the German logistics company DB Schenker for the first time during the four
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TEMU to Launch Semi-Managed Model This Month;Global Largest Ocean Freight Forwarder Dexion Announces Acquisition of Asian Logistics Company
Release Date:2024.03.14 Cate:News1. TEMU to Launch Semi-Managed Model This MonthMarch 14th news: TEMU, a cross-border e-commerce platform under Pinduoduo, plans to launch a semi-managed model later this month, providing an opportunity for some cross-border e-commerce companies to settle in.It is reported that under the semi-managed model, product pricing will still be managed by TEMU. Relevant companies pointed out that distincti
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Get ready for the most powerful lineup of guests! See you at the Seventh Cross-border Logistics Trends Summit on March 28th!
Release Date:2024.03.13 Cate:NewsOn March 28, 2024, the "Seventh Cross-border E-commerce Logistics Trends Summit" will be held at the Hyatt Hotel at Shenzhen Airport.For this summit, we have invited a stellar lineup of guests including:1. Government Official Think Tanks2. Top Industry Experts3. Industry Leaders4. Renowned Overseas CompaniesThese distinguished guests will convene to delve deeply into the new trends, mode
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The list of finalists for the 2024 Xiaosheng Ranking has been announced!
Release Date:2024.03.13 Cate:NewsSince the solicitation for the 2024 Xiaosheng Ranking, we have received active participation and strong support from many enterprises in the industry. We have also witnessed the outstanding strength and relentless efforts of numerous companies within the industry. After comprehensive evaluation and review by the Xiaosheng Ranking Organizing Committee, we congratulate 23 enterprises for becoming fi
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TEMU releases tax-related information statement for the market;UPS releases a global e-commerce logistics report
Release Date:2024.03.13 Cate:News1. Zhang Yiming denies matters related to the acquisition of TikTok.On March 12th, it was reported that Bobby Kotick, former CEO of video game publisher Activision Blizzard, had approached potential partners such as OpenAI with the idea of acquiring TikTok and had also contacted Zhang Yiming, CEO of ByteDance, expressing interest in acquiring it. In response to the news that "former CEO of Ac
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Zhang Yiming denied the acquisition of TikTok. RRD Supply Chain signed a cooperation agreement with a cross-border logistics company.
Release Date:2024.03.12 Cate:News1. Zhang Yiming denies the acquisition of TikTokMarch 12th news: Previously, the Wall Street Journal quoted informed sources as saying that Bobby Kotick, the former CEO of video game publisher Activision Blizzard, had proposed the idea of acquiring TikTok to potential partners such as OpenAI, and also contacted Zhang Yiming, CEO of ByteDance, expressing acquisition interest. In response to the new
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Emerging and rising with unlimited potential, 6 companies make the list!
Release Date:2024.03.12 Cate:NewsIn the cross-border logistics industry, there is a group of companies shining like bright stars, emerging with astonishing growth rates. They focus on niche vertical markets, precisely positioning themselves to provide customers with specialized and customized logistics solutions.They are brave in opening up new markets, actively exploring new models, and continuously tapping into development pote
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Break through boundaries, innovate leading the way, 5 companies make the list!
Release Date:2024.03.12 Cate:NewsIn the industry, there is a group of companies driven by innovation, leading the trend of development, daring to break through tradition, and constantly exploring new models and technologies to provide customers with efficient, convenient, and reliable logistics solutions.They are not only providers of logistics services but also promoters of industry innovation and development. By continuously op
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Total revenue of 11.6 billion yuan! 10 Small Parcel Line and Overseas Warehouse companies made it to the list!
Release Date:2024.03.11 Cate:NewsThe 2024 Xiaosheng Ranking Lists for "Most Promising Small Parcel Line Companies" and "Most Promising Overseas Warehouse Companies" have been released!A total of 10 companies were listed in the Small Parcel Line and Overseas Warehouse categories, with a combined total revenue of 11.675 billion yuan in the just concluded 2023 fiscal year.Among them, the 5 Small Parcel Line compa
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Shein will invest $430,000 in six DFS branches; J&T Express signs contract with Salla, Saudi Arabia's largest e-commerce platform.
Release Date:2024.03.11 Cate:News1. Shein to Invest $430,000 in Six DFS BranchesOn March 11th, Shein, a fashion e-commerce platform, announced an expanded partnership with Dress for Success (DFS) branches locally. DFS, a non-profit organization, aids women in their professional and personal growth by providing support networks, professional attire, and development tools, thus promoting economic independence among women.Shein will
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Total revenue of 13 billion! The top ten FBA logistics companies are unveiled!
Release Date:2024.03.08 Cate:NewsThe "2024 Xiaosheng Rankings: Top Ten FBA Logistics Enterprises" have been announced!This year, the top ten FBA logistics enterprises achieved a total revenue of approximately 13.067 billion yuan in 2023, with a year-on-year growth rate of 19.96%. The performances of the top ten FBA logistics enterprises in terms of total revenue for the years 2023, 2022, and 2021 were 13.067 billion yua
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Temu's sales in the United States grew by 840%; global logistics giant DHL withdrew from acquiring DB Schenke.
Release Date:2024.03.08 Cate:News1、Temu's Sales in the U.S. Surged by 840%On March 8th, it was reported that Temu's growth rate and customer loyalty in the United States continue to rise. Temu's sales in the U.S. increased by 840% between January 2023 and 2024, reaching a staggering 1100% during the 2023 holiday shopping season. In terms of customer loyalty and retention, 28% of users made repeat purchases on the pla
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How has the landscape of the cross-border logistics industry evolved? The highly anticipated release of the 2024 Xiaosheng Ranking!
Release Date:2024.03.08 Cate:NewsThis is the fourth year that we are releasing the "Xiaosheng Ranking".As the first list reflecting the growth of enterprises and the industry landscape in the field of cross-border e-commerce logistics in China, the Xiaosheng Ranking has become a benchmark for brand endorsement and industry landscape evolution in the cross-border e-commerce logistics field, attracting high attention from
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UPS Builds New Logistics Warehouse; Swift Response to Suspension of Small Parcel Business; SHEIN and Shopee Make Moves in Brazil!
Release Date:2024.03.01 Cate:News1.SHEIN Announces Expansion into Brazilian Market from Rio de JaneiroMarch 1st News: SHEIN has announced plans to expand its brand in Brazil in 2024, with a focus on Rio de Janeiro, Minas Gerais, Paraná, Santa Catarina, and Rio Grande do Sul. The expansion project is set to begin in RJ in the first quarter of this year before moving to other states.Source: SHEIN2.JITU Officially Responds to Suspe
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Jitu International Small Packet Service May Halt Operations; Daifuku Group's Largest Acquisition Approved!
Release Date:2024.02.28 Cate:News1.International Small Packet Service by Jitu Express May Halt OperationsOn February 28th, due to strategic planning adjustments, Jitu Express's small packet service products will suspend operations across all routes on February 29th. Orders affected include regular, initial leg, delivery, and reforwarding orders. The discontinued products include Jitu Global Line - Standard General Cargo JET-H
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Cai Chongxin: Cainiao is Waiting for a Better Opportunity for Hong Kong IPO; Huakai Yibai Acquires Another Company
Release Date:2024.02.27 Cate:News1.Two Well-Known Freight Forwarding Companies to Merge OperationsOn February 27th, Frankfurt-based freight forwarding company Quick Cargo Service (QCS) announced that, in order to expand their service scope, QCS and Team Global Logistic will merge their respective businesses. Following the completion of the transaction, both companies will operate under the QCS brand to ensure the continuity of QC
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SF Express Plans to Resubmit Listing Application in Hong Kong; TikTok's Semi-Enclosed E-commerce Business Launches in 8 Major Countries
Release Date:2024.02.26 Cate:News1.SF Express Plans to Resubmit Listing Application in Hong KongFebruary 26th: SF Holdings plans to resubmit its listing application in Hong Kong, aiming to raise $1 billion to $2 billion. The previous application expired on February 21st. The fundraising target is expected to be lower compared to last year's anticipated $2 billion to $3 billion. SF Holdings initially submitted its listing appl
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Amazon closes its air freight facility in the United States; Alibaba International Station semi-managed goes online; Another cross-border best seller prepares for listing
Release Date:2024.02.20 Cate:News1.Ali International Station Semi-Managed Officially LaunchedOn February 20th, Ali International Station Semi-Managed was officially launched in six countries including the United States, Canada, Mexico, the United Kingdom, Germany, and France. Goods participating in semi-management are labeled with "Alibaba Guaranteed," indicating accurate delivery time, fixed prices, and after-sales gua
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Temu Splashes Millions of Dollars Again for Super Bowl Ad, SF Express Plans Another Acquisition of Kerry Business, WISH to Be Acquired
Release Date:2024.02.19 Cate:News1.Temu Launches Super Bowl Ad AgainOn February 19th, following its debut last year, Temu once again invested heavily in advertising during the 58th NFL (National Football League) Super Bowl, offering an additional $10 million in giveaways. Google Trends showed a significant surge in Temu's search volume after the advertisement aired.Source: First Financial Daily2.SF Express Plans to Acquire Ke
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Temu Opens Fully Managed Onboarding;This Logistics Giant Acquires Well-Known Freight Forwarding Company Again
Release Date:2024.02.06 Cate:News1.Temu's Semi-Managed Service Opens for Onboarding in AdvanceOn February 6th, according to official information from TEMU, the peer-to-peer (P2P) model is now open for onboarding, and the application process is consistent with the fully managed model. Under the P2P model, businesses based overseas can import consumer orders and handle shipping and fulfillment independently.Source: Pinduoduo Cr
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