On September 14th, the New Consumer Daily reported that the main content of cross-border shipping this week includes: Meituan Waimai's overseas version Keeta officially launched in Saudi Arabia; Hema's own brand enters Australia for the first time; Jitu Express has obtained a maximum loan financing of 8.9 billion yuan.
Industry News
Kwai Kwai saw a 14% increase in the number of daily live users in Brazil in the first half of the year
On September 13, Ma Hongbin, senior vice president of Kwai and head of the International Business Unit, disclosed on the Investor Day that as of July this year, Kwai ranked sixth in terms of user duration in Brazil. In the first half of this year, Kwai's daily active users in Brazil increased by 14% year-on-year, and the average daily usage time of daily active users increased by 5% year-on-year.
Haidilao is expected to open more stores in New York and Los Angeles next year
Yang Lijuan, CEO of TechSea International Holdings Limited, the overseas business operator of Haidilao, said in an interview that TechSea International will open more stores in New York and Los Angeles as early as next year, and the US market has the "greatest potential" globally. Yang Lijuan said that TeHai International plans to focus on further overseas markets and is considering potential markets such as Switzerland, Germany, Spain, and France.
Nezha Automobile signs contract with the second largest financial group in Latin America to land in Mexico by the end of the year
On September 10th, Nezha Automobile officially signed a cooperation agreement with BBVA Mexico, the Mexican Electric Vehicle Association (EMA), and several local dealers. BBVA is a Spanish foreign bank and the second largest investment finance group in Latin America, leading the automotive financing industry in Mexico. With the completion of this strategic alliance, Nezha Automobile will enter the Mexican market in the fourth quarter of 2024. At the same time, Nezha Motors will continue to accelerate its expansion in the Central and South American markets, currently covering Brazil, Ecuador, Costa Rica, and other places.
Alibaba's e-commerce retailer Freshippo announces entry into the Australian market
Alibaba's electronic grocery store Freshippo has officially entered the Australian market by partnering with Australian online grocery store Ebest for the first time. Freshippo has opened 400 stores in 30 cities in China, and this entry into Australia is an important milestone in its internationalization strategy, becoming its third overseas market after the United States and Singapore.
Hema's own brand enters Australia for the first time
Recently, the official website of eBest, an online Asian supermarket in Australia, announced that Hema's own brand products have been officially launched for sale on its platform. Hema is also the first Chinese retail brand to enter the southern hemisphere market with its own branded products.
Singapore Post signs MOU with Cainiao to enhance Southeast Asian logistics network
Recently, SingPost and Cainiao signed a Memorandum of Understanding (MOU) to explore strategic cooperation aimed at promoting the long-term development of Singapore's freight and logistics industry. This cooperation will strengthen the logistics networks of both parties and expand the e-commerce market in Southeast Asia.
Meituan Waimai Overseas Version Keeta Officially Launched in Saudi Arabia
At 11:00 am on September 9th (Saudi time), the overseas version of Meituan Waimai Keeta will be quietly launched in Saudi Arabia, marking the first international expansion outside of China. In recent months, news of Keeta recruiting merchants and riders locally in Saudi Arabia can be seen on social media and recruitment platforms. Keeta has opened up a number of functional department positions involving human resources, public relations, legal affairs, and more on local recruitment platforms. According to its official software, Keeta shows that during the new launch period in Saudi Arabia, users who register will receive a 50% discount coupon and free shipping benefits.
Shopee Korea plans to achieve 300% sales growth in the Thai market next year
Shopee Korea recently announced plans to achieve a 300% sales growth in the Thai market next year. From January to July this year, Shopee Korea saw a growth of approximately 191% in orders from Thailand, which is more than three times that of other markets in Southeast Asia. During the same period, the beauty and personal care category became the category with the highest order volume. Shopee believes that this trend will continue to grow. Shopee Korea CEO Quan Yun'er stated that it will support various services, including logistics services, to assist Korean sellers in their business development in Thailand.
Beijiajie plans to invest 55 million yuan in building a production base in Vietnam
On the evening of September 8th, Beijiajie announced that the company plans to invest approximately 55 million yuan to build a wet wipe and toothbrush production base in Vietnam. The announcement shows that Beijiajie plans to establish a wholly-owned subsidiary in Singapore, and through this subsidiary, establish a project company in Vietnam, which will implement this investment. The investment will be implemented in two phases, with a first phase investment amount of 35.909 million yuan (wet wipes) and a second phase investment amount of 19.091 million yuan (toothbrushes).
Azerbaijan Silk Road Airlines opens' Urumqi Baku 'cargo route
Azerbaijan Silk Road Airlines recently opened the "Urumqi Azerbaijan Baku" international cargo route, operated by IL-76 all cargo aircraft and operated by Xinjiang Commercial Airlines. The route is planned to operate 1 to 2 flights per week, with a round-trip capacity of 80 tons per flight. The opening of the route marks the further expansion of Xinjiang's "Tianshan" multimodal transportation brand air logistics network to Central and West Asia. This route mainly serves cross-border e-commerce express delivery services between Xinjiang, China and Azerbaijan, exports of Xinjiang's characteristic agricultural products, and imports of characteristic products from Azerbaijan and neighboring Central Asian countries.
Investment and Financing News
Jitu Express received a maximum loan financing of 8.9 billion yuan
On September 9th, Jitu Express announced that on September 9th, 2024, Huaxing Group (borrower, wholly-owned subsidiary of Jitu Express) and Jitu Express and several member companies of Jitu Express (acting as guarantors) entered into financing agreements with (including) several banks and financial institutions. Jitu Express can obtain a total financing of approximately RMB 8.91 billion. It is understood that the financing period of Jitu Express is three years, with 20 banks participating, covering diverse backgrounds such as Chinese, Hong Kong, European, American, Southeast Asia, etc.
Industry Opinion Express
The cumulative amount of cars exported by China to the "the Belt and Road" countries reached 73.9 billion US dollars
According to the data of the General Administration of Customs collated by the China Association of Automobile Manufacturers, from January to July 2024, the cumulative amount of China's automobile products exported to the "the Belt and Road" countries reached 73.9 billion US dollars, up 13.9% year on year, accounting for 56.1% of the total export of automobile products. Among them, 2.303 million vehicles were exported, a year-on-year increase of 30%, accounting for 66.1% of the total export volume of automobiles; 511000 new energy vehicles were exported, a year-on-year increase of 37.7%.
Atlas Airlines says that China sends more than 70 wide body freighters to the world every day
In his speech at the 2024 Global Smart Logistics Summit, Alvin Tay, senior vice president of Atlas Airlines, mentioned that since about June last year until now, China has sent more than 70 wide body freighters to the world every day. He also said, "There is a view that 80% of global e-commerce requires air freight, for example, due to geographical factors, regions such as ASEAN can only deliver goods to consumers through air logistics solutions
A research report suggests that the new energy vehicle market in Europe and America is expected to resume growth from 2025 to 2026
According to a research report by CITIC Securities, we believe that the domestic new energy vehicle market will continue to maintain stable growth, while the European and American markets are expected to recover their growth momentum in 2025-2026 under the stimulation of stricter policy assessments and the release of new vehicle cycles. Global energy storage demand is expected to maintain high-speed growth driven by factors such as cost reduction and economic improvement. We continue to be optimistic about leading companies in various links of the industry chain that have undergone cycle verification and have further expanded their competitive advantages in technology, cost, and profitability.
The EU may lower proposed tariffs on electric vehicles imported from China
Multiple media outlets have reported that according to informed sources, the European Union is preparing to slightly reduce the proposed tariffs on electric vehicles imported from China. Among them, the additional tax rate for Tesla electric vehicles imported from China will be adjusted from the proposed 9% to slightly lower than 8%. It is understood that the EU has made the above adjustments based on new information provided by various companies. EU member states will vote on the proposed final tariffs before they are scheduled to take effect in November.