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Sabrina Gibson, 501228 Luettgen Meadow, Los Angeles, CA (2026)

01/14/2025

1.Amazon opens second fulfillment center in Mexico
Amazon Mexico announced that it will open a second fulfillment center in Guadalajara, which is scheduled to be operational this year. The new center will be the size of five football fields and will be able to store more than 750,000 items. The expansion aims to improve delivery efficiency and expand coverage to better serve consumers across the country. Jalisco is one of the top five states in Mexico where Amazon has invested. Since its arrival, Amazon has invested more than 1.6 billion Mexican pesos in infrastructure and employee salaries, boosting the local economy and contributing an estimated more than 1.7 billion pesos to Mexico's gross domestic product.

2. Amazon launches New Year Promotion with New Year's Store
Amazon has launched a New Year's promotion offering consumers deep discounts on selected items in health, home, fashion and other categories to help meet New Year's goals. In addition, Amazon also launched a special "New Year's Store" to provide consumers with a one-stop shopping experience for products such as care, health, fitness and home. The New Year's Store features selected collections such as Top100+, Comfort Essentials, New from Amazon, items and organizations under $20, meal preparation, home improvement, and hot items under $20.
2.TikTok Shop expands collection categories and strengthens authenticity checks
TikTok Shop has announced 10 new collectibles categories that cover a wide range of collectibles, including sports memorabilia and entertainment collectibles, such as autographed jerseys and other autographed merchandise, in addition to comic books, fan publications, and art books.
According to TikTok Shop's statement, these new categories will ensure that goods sold on the platform are genuine by strengthening authenticity checks. In order to enhance consumer trust, the platform requires merchants to provide detailed information on the condition and authenticity of goods, and conducts strict audits on appraisers to prevent counterfeit goods from entering the market and enhance consumer trust in the platform.

12/04/2024

SHEIN tops the list of the best new e-commerce platforms in the country
In a poll by Marketplaces Hoy, SHEIN beat Leroy Merlin, MediaMark and other internationally renowned platforms to be selected as the best new platform in Spain and listed as a recommended channel for 2024.
It is understood that SHEIN's position in the Spanish fashion market has long been among the top, according to the ECDB report, in 2023 SHEIN's market share (11%) more than the European local brands ZARA (6%) and H&M (3%); In addition, among the fashion e-commerce platforms with the largest number of buyers in Spain announced by Kantar, SHEIN ranks second, close to Amazon, demonstrating the strong development momentum of the platform.

Temu actively recruits British sellers
Temu is actively recruiting new UK sellers, aiming to accelerate its expansion in the UK market. Under Temu's new "localisation" programme, consumers will be able to buy from UK sellers and enjoy faster delivery. The goods are expected to be delivered to consumers within one to two days, a move that will no doubt increase the pressure on Temu's high street rivals to further boost its competitiveness in the UK e-commerce market.

TikTokShop2024GMV is expected to top $50 billion
Since TikTokShop was introduced to the market in September 2023, it has quickly attracted a large number of Amazon sellers and brands through its chic shopping experience and attractive discount policy, becoming an important competitor of Amazon. According to the data, TikTokShop's gross merchandise volume is expected to reach $50 billion by 2024. While that figure is still significantly lower than Amazon's $757 billion, its rapid growth and market potential have attracted widespread attention from sellers and brands.

11/28/2024

Byd and COSCO Shipping signed a strategic cooperation agreement
On November 28, BYD and COSCO Shipping Container Transportation Co., Ltd. held a strategic cooperation signing ceremony at BYD headquarters in Pingshan, Shenzhen. According to the agreement, the two sides will determine the cooperation principle of "long-term cooperation, mutual benefit and win-win" and establish comprehensive cooperative relations in the fields of shipping, logistics and overseas development. The two sides will work together to build an end-to-end logistics supply chain, jointly promote the construction of digital logistics supply chain, and further strengthen cooperation in the field of container transportation and logistics.

Maersk adjusts surcharges on many routes
The fees will be $1,000 /TEU and $2,000 /FEU, with an effective date of December 24.
In addition, Maersk has also adjusted the PSS from the Far East to Australia, Papua New Guinea, and the Solomon Islands. For dry containers from Taiwan, China to Australia, Papua New Guinea, Solomon Islands, the fee will be 1,000 US dollars /TEU, 2,000 US dollars /FEU, effective December 15.

SHEIN is Spain's Best New Platform and referral Channel for 2024
On November 28, after SHEIN's self-owned brand of the same name became the leading fashion clothing brand in the Spanish market, SHEIN recently became the best new (e-commerce) platform in Spain in 2024 in the selection of Marketplaces Hoy, and was listed as the recommended channel in 2024. SHEIN's "independent brand + platform" dual model development continues to improve its influence in overseas markets.

11/26/2024

An Amazon fulfillment center is in operation
On November 26, Amazon announced that ORH3, its new logistics center in Charlton, Massachusetts, was officially put into operation. Located along Sturbridge Road (Route 20), the approximately 260,000 square meter facility is scheduled to employ more than 1,000 local employees when it fully expands operations in 2025. As part of Amazon's "First Mile" logistics network, ORH3 is mainly responsible for transporting goods from warehouses to nearby fulfillment stations.

Amazon will face three compliance requirements in December
On November 26, Amazon will implement three key compliance requirements in December. Sellers who fail to comply in a timely manner may face the risk of having their product links removed or their accounts suspended. Key compliance timelines include: In the United States, updating your tax status by December 30; In Europe, the GPSR regulations must be completed by December 13, and the missing COO information must be provided by December 31, otherwise the product will be restricted.

Shopee new seller transaction service fee waiver policy updated
On November 26, sellers will waive commission for successful transactions within 90 days of their first listing on Shopee, and the standard commission will apply after 90 days. For sellers with listings longer than 90 days, the standard commission will be paid from December 1; Sellers whose listings are less than 90 days old have a 90-day waiver from the first listing. The changes are designed to adapt to market growth and provide sustainable support. The seller can contact the account manager or customer service to check the first listing time, and the 90-day count is not affected by the first listing removal. No operation is required for 90 days, and a plan is required for the approach of 90 days.

11/25/2024

Pinduoduo Q3 revenue grew 44% year on year
November 25 news, Pinduoduo released the third quarter of 2024 financial results. According to the financial report, Pinduoduo's revenue in the third quarter was 99.35 billion yuan, an increase of 44%. Operating profit was 24.29 billion yuan, up 46% year-on-year; Non-gaap operating income was 26.77 billion yuan, an increase of 48%; Net profit attributable to the parent was 24.98 billion yuan, up 61% year on year; Non-gaap net income attributable to the parent was 27.46 billion yuan, up 61% year over year. This is not only the lowest growth rate of Pinduoduo since the second quarter of 2022, but more importantly, adjusted net profit of 27.45 billion yuan fell 22% quarter-on-quarter, far lower than market expectations.

Temu's growth momentum has weakened significantly
On November 25, the management of Pinduoduo pointed out in the earnings conference that the competition facing the global business is becoming increasingly fierce. This competition is superimposed on the complex external environment, and its business is bound to suffer some fluctuations and impacts. This reflects Temu's gradual alienation from a growth engine with high hopes to an unpredictable strategic burden.
According to Late LatePost, over the past ten months, Temu has sent a team of first and second tier executives to double the volume of goods supplied this year, while the semi-custody business, which was launched only in March, has also been set an aggressive target of $20 billion in GMV this year, accounting for a third of the overall target. As of October this year, in two large markets in Europe and the United States, it was originally considered to be a further challenge to Amazon's semi-hosting model, regardless of the number of merchants and goods recruited failed to reach the original target. Even outside the United States, Temu's growth momentum is clearly waning, with global app downloads down significantly from their peak in July 2023.

11/23/2024

FedEx increased the frequency of international cargo flights from Xiamen to the United States
On November 22, fedex announced that it will increase the frequency of international cargo flights from Xiamen to the United States and open its Xiamen International Gateway facility. Fedex is the only international express company that operates international flights from Xiamen. The flight, which operates five times a week, enhances fedex's logistics network in Fujian and helps Chinese customers access the global market with more efficient, flexible and intelligent logistics services and solutions.

Lufthansa Cargo's subsidiary works with Shenzhen Airport
Lufthansa Cargo and Shenzhen International Cargo Terminal have reached an agreement to further deepen their cooperation in the field of cargo handling services, marking an important step in the successful cooperation of the two parties in the provision of high-performance logistics services and establishing a future oriented cooperation relationship.
Lufthansa Cargo Chief Executive Officer Aven Pere witnessed the signing ceremony in Frankfurt and said: "Shenzhen Airport International Cargo Terminal has been providing high-quality cargo handling services for the past 20 years, and this cooperation represents a forward-looking partnership in the logistics industry that will further boost the global business."

Shopee updates the classification criteria for contraband
On November 22, Shopee cross-border store recently issued the latest notice that it will adjust the classification standard of SLS logistics contraband, mainly to update the introduction of prohibited goods. This adjustment aims to further regulate the trading environment of the platform, safeguard the legitimate rights and interests of buyers and sellers, and ensure the healthy and sustainable development of the platform.

11/22/2024

Jd.com has partnered with COsco Shipping
On November 22, the signing ceremony of strategic cooperation between Jingdong Group and COSCO Shipping was held in Shanghai, and the relevant persons in charge of both sides signed the strategic cooperation framework agreement. In the field of logistics supply chain and logistics science and technology, the two sides will further increase cooperation in domestic trade shipping, multimodal transport, container transport, end-to-end transportation and other fields, explore and launch a series of integrated full-chain service products for the cross-border e-commerce industry, and promote the sharing of supply chain advantages and cost optimization.
In terms of warehousing cooperation, the two sides will cooperate on strengthening the automation and intelligent upgrading of warehousing, and actively cooperate on warehousing, especially overseas warehouse resources, to work together to provide customers with better cross-border logistics services.

UPS expands air cargo infrastructure
Gary/Chicago International Airport announced the expansion of a preliminary agreement with cargo services giant United Parcel Service to begin air cargo operations at the airport in November 2020. The new agreement announced today essentially resets the airport's 2020 agreement with UPS, extending it for another five years and potentially keeping UPS in GCIA until 2040.
This extension of the UPS agreement and the expansion of its freight logistics infrastructure are expected to drive further growth in the coming years. This is an exciting time for Gary/Chicago International Airport and a continuing example of the benefits of continued investment in aviation infrastructure and increased capacity.

11/20/2024

Temu is considering launching a third-party platform model
On November 20, Temu added a more local semi-hosting model, and it is also considering the launch of a third-party platform model, like Taobao, where merchants independently select product pricing, set up and operate stores, ship goods overseas, and the platform charges trading commissions. It is reported that Temu initially fully adopted the "full custody", the merchant sent the goods to the domestic warehouse, the platform took over the subsequent pricing, sales, transportation, and each consumer's goods were sent directly to the destination in small postal packages. If this mode is enabled, Temu will adopt three modes of full hosting, semi-hosting, and third-party platforms in the future.

SHEIN lowers barriers to entry
On November 20, SHEIN began to adjust its strategy from the second half of this year, whether it is full hosting, semi-hosting, or SHEIN Marketplace and other models, are further increasing the focus on fashion categories. According to industry sources, SHEIN has recently used the "special approval" method in some areas to lower the entry threshold and attract businesses to enter, even core categories such as men's and women's clothing. The previous requirement was more than 1000 square meters of plants, or more than 800 square meters, and now the requirements have been relaxed, and the settlement policy is often relaxed.
SHEIN hopes to more fully tap potential factories, as well as attract rival sellers to settle in, in essence, to seize supply-side resources and further enhance supply chain capabilities.

Hapag-lloyd changes delivery service rotation between China and Germany
On November 20, Hapag-Lloyd announced changes to its Sino-German Express (CGX) service port rotation. Starting in January 2025, Hapag-Holt's weekly services will rotate from the following ports: Yangshan, China - Ningbo, China - Yantian, China - Singapore - Ghanaian - Southampton, UK - Rotterdam, Netherlands - Wilhelmshaven, Germany; The first ship in the new rotation will be Copiapo, which is expected to leave Ocean Hill on January 3, 2025.

11/18/2024

Jd Logistics may acquire a logistics asset
On November 18, JD.com Logistics and private equity firm Hillhouse Capital are in advanced talks to acquire local logistics assets in Indonesia from LOGOS Group. The potential deal would help expand JD Logistics' footprint in Southeast Asia, multiple people familiar with the matter told DealStreetAsia.

USPS announces fiscal Year 2024 results
On November 18, the United States Postal Service (USPS) announced its financial results for the fourth quarter of fiscal year 2024. In the fourth quarter of this year, USPS completed revenue of approximately $19.687 billion, up about 3% from the same period last year. The specific product situation is as follows: USPS Ground Advantage revenue of about 3.337 billion US dollars, an increase of about 44.5%, the business volume of about 588 million pieces; Parcel Select reported revenue of approximately $2.6 billion, up approximately 3.8% year-over-year, on shipments of approximately 920 million units. Full-year fiscal 2024 operating revenue was $79.5 billion, an increase of $1.4 billion, or 1.7%. Shipping and in-bag revenue increased by $625 million, or 2.0 percent, compared to the previous year. First-Class Mail revenue increased $830 million, or 3.4 percent, compared to the prior year. Compared to the previous year,Marketing Mai revenue increased by $292 million, or 1.9%.

FedEx Xiamen - the United States cargo route comprehensive upgrade
On November 18, the "Xiamen - Memphis" international cargo route was officially encrypted. The route, which takes off from Xiamen Gaoqi International Airport and stops in Incheon, South Korea, connecting Anchorage, Alaska, and Memphis, Tennessee, has been operating on a trial basis since June, with one flight per week. Now, after encryption, the route will be increased to five flights per week, from Tuesday to Saturday. It is reported that the new route will be operated by B777 freighters, which can provide local customers with more than 290 tons of air capacity per week, and will shorten the transportation time of some parcels and heavy cargo exported from Fujian to North America by one to two days.

11/14/2024

Amazon's low price store goes live
November 14 news, Amazon low price mall officially launched, its price is even lower than Temu, and currently only on the mobile phone can be entered by searching "Haul", the computer side has no entrance, is still in the testing stage. A large banner highlights "crazy low prices," with 75 percent of orders delivered within seven days, as well as promotions such as free shipping for $25, 5% off $50, and 10% off $75. Low-price mall positioning low-price sales, home products are mostly affixed with the Best seller or Selling fast label, entry threshold relaxed or attract more sellers.

Temu, Shein, AliExpress and TikTok account for 21% of global purchases
In the world's top seven e-commerce platforms, six are Chinese. This data should get marketers and retailers everywhere to take notice. But it doesn't stop there. Sales of Temu, Shein, AliExpress and TikTok could reach a fifth (21%) of purchases this holiday season, or about $160 billion in global e-commerce revenue (excluding China), according to Salesforce forecasts.
Chinese e-commerce platforms are rising rapidly around the world. Earlier this year, Temu announced it would dominate the U.S. market with $21 million in Super Bowl AD revenue and become the No. 1 downloaded app on the iOS App Store and Google Play Store by the first half of 2024. The TikTok store, which only launched in the US in September last year, has also been a huge success, with 33% of Americans reported to have already bought something on the platform.

11/12/2024

Sf Express passes Hong Kong Stock Exchange listing hearing
On November 12, SF Holding Co., Ltd. passed the listing hearing on the main board of the Hong Kong Stock Exchange and launched PDIE, which will become the first "A+H" share listed company in the express delivery industry. Previously, SF Holding (002352) launched PDIE(Pre-Deal Investor Education) on November 11, aiming to complete the listing within this month.
According to IFR, the Hong Kong IPO aims to raise between US $1 billion and US $1.5 billion, which will make SF Express the second largest IPO this year, after Midea Group (00300), which listed in September.
SHEIN one entity has annual sales of $8.3 billion
On November 12 news, Shein entities registered in Ireland InfiniteStylesEcommerceCo's sales grew by 68% in 2023, 7.684 billion euros ($8.36 billion).
Asian fast fashion platform Shein achieved €7.68 billion in sales in the European market, up 68% year-on-year, and significantly improved profitability. Shein quickly climbed to become one of the top 10 most popular online stores in Switzerland. The company's profit after tax almost doubled to 99.5 million euros, a significant increase compared to 2022. Meanwhile, gross profit increased from €172 million in 2022 to €314 million in 2023.
Cma CGM announces third Quarter 2024 results
On November 12, the third quarter of 2024, CMA CGM Group achieved a total operating income of 15.83 billion US dollars, an increase of 38.5%; Earnings before interest, tax, depreciation and amortization (EBITDA) reached $4.96 billion, an increase of 148.6%. EBITDA margin increased 13.9 percentage points to 31.4%. Group net profit reached $2.73 billion, an increase of $2.34 billion or 603.6% over the same period last year.
In the first three quarters of 2024, CMA CGM Group achieved a total operating income of 40.08 billion US dollars, an increase of 12.0%. EBITDA reached $9.83 billion, an increase of 22.5%. EBITDA margin increased 2.1 percentage points to 24.1%. In the first three quarters, the Group's net profit reached 4.18 billion US dollars, an increase of 12.0%.

11/11/2024

SF Holdings' Hong Kong IPO proceeds cut
On November 11, according to market sources, SF Holding's IPO, which was originally planned to be listed in Hong Kong, has been reduced to $1 billion to $1.5 billion. Sf Holding is expected to list in Hong Kong on May 27. It is understood that SF Express will start its pre-listing roadshow as soon as this week, and the target amount of capital raised is up to 50% less than the $2 billion that was said to be raised last month.
It is reported that SF Express has been listed on the Shenzhen Stock Exchange in 2017, if the Hong Kong listing is successful, SF Express will become the first "A+H" share listed company in the express delivery industry.

The first innovation center in the Asia Pacific region was officially opened in Shenzhen
On November 11, Amazon opened its first innovation center in the Asia Pacific region in Shenzhen. With the joint support of Shenzhen Municipal Government and Qianhai Administration Bureau, the innovation center will integrate multiple resources such as export cross-border e-commerce sellers, industry organizations and service providers from all over the country to create a cross-border e-commerce innovation exchange and incubation base that radiates the Asia-Pacific.
The center will also use Amazon's global and third-party resources to accelerate the transformation of innovation results, enhance the core competitiveness of sellers, and promote the high-quality development of cross-border export e-commerce.

Shopee helps e-commerce sellers make big sales
On November 11, the heat wave of 12.12 promotion has swept through, and major category managers have prepared super hot products and high-potential goods from different sites to help sprint to the peak of the year-end peak season. At present, the chat broadcast function has been launched on all Shopee sites to help sellers efficiently drain and promote transformation. In order to help e-commerce sellers sell big, Shopee has released three sections: 12.12 Big promotion selection Guide, big promotion marketing broadcast high conversion skills, Shopee short video latest incentive & homemade short play.

Sabrina Gibson

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