Core Viewpoint - The logistics trust crisis in the cross-border e-commerce sector has been highlighted by the sudden disappearance of Shenzhen-based Tianhui Supply Chain, affecting numerous companies and revealing systemic risks in the industry [3][9][34]. Group 1: Incident Overview - Tianhui Supply Chain, a logistics service provider, suddenly went missing in August 2024, leaving several million yuan in prepayments unaccounted for and multiple shipments to the U.S. without updates [1][2][6]. - The company had been a reliable partner for many businesses in the cross-border e-commerce logistics sector, but its abrupt disappearance has led to significant financial losses for over 46 companies, with debts exceeding 1.6 billion yuan [7][33]. - The incident has triggered a broader discussion about the lack of regulatory oversight and the prevalence of low-cost, high-risk business practices in the logistics industry [4][9]. Group 2: Industry Context - The cross-border e-commerce sector in China has seen explosive growth, with the total import and export volume reaching 2.63 trillion yuan in 2024, more than doubling since 2018 [11]. - However, the rapid expansion has led to a significant increase in the number of logistics companies, resulting in a competitive environment characterized by low pricing strategies that can jeopardize financial stability [14][16]. - In 2023, 44,600 logistics companies were deregistered, marking a 10.4% increase from 2022, indicating a trend of industry consolidation and heightened operational risks [14][16]. Group 3: Fraud Mechanism - Tianhui employed a "killing pig" scam strategy, initially attracting clients with significantly lower prices than the market average, then creating a façade of reliability through successful small shipments [22][24]. - The company collected advance payments while delaying payments to upstream service providers, creating a cash flow pool that ultimately collapsed when it ceased operations [25][28]. - The lack of clear contractual obligations and the mixing of funds across various accounts complicated the legal recourse for affected companies, making it difficult to trace and recover lost funds [26][50]. Group 4: Legal and Regulatory Challenges - The legal framework surrounding the logistics industry is weak, with many contracts lacking clear compensation standards, making it challenging for victims to assert their rights [44][50]. - Despite being legally registered, Tianhui's status as a "surviving" company complicates efforts to freeze assets or initiate legal actions, as many companies struggle to provide the necessary evidence for claims [46][49]. - The incident underscores the urgent need for improved compliance and regulatory measures within the logistics sector to protect businesses from similar fraudulent activities in the future [55][56].

7月29日，佳裕达(JYD)开盘上涨4.55%，截至21:30，报0.23美元/股，成交9297.0美元，总市值3143.95万 美元。 财务数据显示，截至2024年12月31日，佳裕达收入总额5.65亿人民币，同比增长13.54%；归母净利 润-4957.02万人民币，同比增长31.7%。 资料显示，佳裕达国际物流有限公司是一家在开曼群岛注册成立的境外控股母公司,主要通过其境内实 体子公司深圳市佳裕达物流科技有限公司运营。其子公司是中国领先的端到端供应链解决方案提供商之 一,专注于提供跨境物流服务。总部位于中国粤港澳大湾区的重要组成部分深圳,公司得益于独特的地理 优势,为海洋、空中和陆上物流提供高度支持。一个连通的交通网络可以大大提高效率,降低运输成本。 公司提供全面的跨境供应链解决方案服务,包括:(i)货运代理服务,(ii)供应链管理,及(iii)其他增值服务。 本文源自：金融界 作者：行情君 ...

Group 1 - The Guangxi Zhuang Autonomous Region Market Supervision Administration is implementing national strategies to enhance the Free Trade Zone (FTZ) by focusing on deepening reforms and expanding openness [1] - The administration is innovating the business registration confirmation system, transitioning from subjective licensing to objective confirmation, and establishing a credit-based regulatory framework [1] - The market access commitment system is being piloted, significantly reducing approval time by 80% and processing steps by 50% [1] Group 2 - The construction of the China-ASEAN port inspection and testing system is accelerating, aiming to enhance the efficiency and capability of import and export inspections [2] - The establishment of a standardization cooperation center with ASEAN countries is ongoing, with over 28 million quality service interactions provided to foreign trade enterprises [2] - Collaboration with Hong Kong's STC is supporting the quality improvement of Guangxi products, resulting in over 1,050 enterprises obtaining high-end quality certification [2] Group 3 - International and bilateral standardization cooperation is being strengthened, particularly in key industries like rail transportation and new energy vehicles [3] - A cross-border express logistics standardization cooperation memorandum has been signed with Vietnamese enterprises, focusing on developing bilingual logistics standards [3] - The first national railway standard in Laos has been developed in collaboration with Chinese institutions, marking a significant milestone in standardization efforts [3]

Core Viewpoint - The city of Pingxiang in Guangxi is enhancing its port capabilities through infrastructure upgrades, smart transformations, and innovative service models to stabilize and streamline the China-ASEAN industrial and supply chains [1][3]. Group 1: Infrastructure and Smart Port Development - The scope of the Youyi Pass port has expanded to include the Puzhai-Xinqing and Nongyao-Gunan channels, which are now officially operational [1]. - The construction of smart ports at Youyi Pass and Puzhai-Xinqing is accelerating, with the Chinese section set for trial operation, marking a significant breakthrough in port intelligence transformation [3]. - The establishment of a public-rail international logistics port is progressing steadily, laying the foundation for multimodal transport development [3]. Group 2: Trade and Regulatory Enhancements - Pingxiang has optimized regulatory processes, allowing for immediate sample collection and delivery, significantly reducing testing times [3]. - The Puzhai channel has successfully exported new cars using general trade for the first time, while the Nongyao channel achieved a "zero breakthrough" in general trade imports of durians [3]. - The Youyi Pass has been recognized as one of the first national "International Health Land Ports," and the first cross-border vehicle inspection fast track has been launched [3]. Group 3: Economic Impact and Trade Growth - Pingxiang is the largest port city for fruit imports and exports between China and ASEAN, with an annual import volume exceeding 2 million tons [5]. - The establishment of the China-ASEAN (Chongzuo) Fruit Trading Center has facilitated the entry of Vietnamese fresh coconuts via rail and the first sea import of durians [5]. - The cross-border e-commerce trade volume in Pingxiang is projected to reach 21.4 billion yuan in 2024, marking a year-on-year increase of 441.77%, positioning it as a new growth engine for regional foreign trade [5].

Core Insights - The article highlights the launch of the first global international less-than-truckload (LTL) logistics network by Best Inc.'s cross-border division, aimed at providing efficient and stable cross-border logistics services for sellers and brands [1][5][9] Group 1: Business Growth and Network Expansion - Since its establishment in 2022, Best Inc. Cross-Border has achieved an average annual growth rate exceeding 100%, with a 50% year-on-year revenue increase in the first half of 2025 [3] - The service network currently covers six core markets: Thailand, Vietnam, Malaysia, Singapore, Indonesia, and North America, with over 300 operational points [3][6] - Future plans include expanding into emerging Latin American markets such as Brazil and Mexico within the next 1-2 years [3] Group 2: Addressing Industry Challenges - The global supply chain's rapid restructuring has increased the complexity of B2B cross-border logistics, prompting Best Inc. to launch the first global international LTL network [5] - Traditional cross-border logistics often involve multiple service providers, leading to data silos that hinder operational efficiency; Best Inc.'s network aims to provide a seamless end-to-end solution [5][6] Group 3: Technological Integration - Best Inc. emphasizes the role of digitalization and AI in enhancing the global LTL network, with plans to upgrade services to meet customer demands for customization and transparency [7] - AI applications include intelligent voice navigation and automated task allocation, improving service automation and responsiveness [7] Group 4: Strategic Vision and Market Positioning - The company is building a "golden logistics triangle" centered on China, Southeast Asia, and North America, aligning with the Belt and Road Initiative to enhance global supply chain services [9] - Best Inc.'s CEO stated that the competition in global cross-border logistics is fundamentally about efficiency and responsiveness, with ongoing efforts to innovate and upgrade the logistics network [9]

Core Insights - The article emphasizes the importance of logistics efficiency and cost control for sellers in the cross-border e-commerce market, highlighting the launch of a new East Coast warehouse as a strategic move to optimize service capabilities and reduce costs for sellers [1]. Group 1: Warehouse Strategy - The new East Coast warehouse is strategically located 32 miles from the Philadelphia port, allowing for quick turnaround times and high fulfillment rates during peak seasons, thus mitigating congestion risks at West Coast ports [1]. - The company operates 100% self-managed warehouses with a professional team, offering a 45-day free storage period to enhance inventory turnover and alleviate cash flow pressure [1]. Group 2: Nationwide Coverage - The company has established a comprehensive warehouse network across the East, West, and Central regions of the U.S., creating a balanced distribution strategy to lower costs and improve efficiency [1][3]. Group 3: Platform Integration - The company has become an Amazon SPN service provider, a certified warehouse for TikTok Shop, SHEIN SPN, and TEMU, providing seamless cross-border logistics services across major e-commerce platforms [4]. Group 4: Cost Management - The company collaborates closely with shipping companies to offer competitive first-leg transportation costs, ensuring timely and safe delivery of goods [6]. Group 5: Operational Support - The overseas warehouses provide professional operational support services, including product listing, inventory management, and order processing, allowing sellers to focus on product development and brand building [7]. Group 6: Versatile Shipping Options - The company supports various shipping types, including standard, small, and medium-large items, utilizing multiple delivery channels such as FedEx, USPS, and Ontrac for reliable and cost-effective last-mile delivery [8]. Group 7: Future Growth - The company aims to continue expanding its intelligent algorithms, dense location strategy, and flexible services to support Chinese sellers in navigating the global market [8].

Core Insights - The 2025 Thailand International Logistics Exhibition promotional roadshow was successfully held in Kunming, focusing on new opportunities in cross-border logistics [1] - The event was co-hosted by the Thai Ministry of Commerce's International Trade Promotion Department and Thai Exhibitions Company, gathering industry elites [1] - The exhibition will take place from August 20-22 at the Bangkok International Trade and Exhibition Centre, featuring a wide range of logistics services and innovations [1][5] Industry Overview - The exhibition is the eighth ASEAN 10+6 logistics industry event, showcasing 415 brands from 25 countries and integrating over 10,000 logistics service providers and users [5] - Key areas of focus include material handling, packaging, warehousing, logistics information technology, and various transportation services [5] - The event will also host trade logistics seminars and forums to provide professional knowledge and networking opportunities for participants from diverse sectors [5] Company Engagement - The company has maintained a deep collaboration with the exhibition organizers, establishing strong relationships with the Thai Ministry of Commerce and various logistics associations [8] - The company aims to explore new logistics technologies and solutions at the exhibition to further develop its cross-border e-commerce business [8]

Core Insights - The implementation of the cross-border e-commerce return policy in Yiwu marks a significant development in the logistics framework, allowing for more efficient handling of returns and enhancing the competitiveness of local businesses [1][2] Group 1: Policy Implementation - Yiwu has become the third city in Zhejiang Province to implement the cross-border e-commerce retail export return policy, following Ningbo and Hangzhou [1] - This is the first time the TIR (Transports Internationaux Routiers) import model has been established in Zhejiang [1] - The policy allows businesses to return goods across different customs districts without being restricted to the original route [1] Group 2: Economic Impact - The recent return shipment weighed approximately 2.6 tons and had a value of nearly 700,000 yuan, demonstrating the scale of operations facilitated by the new policy [1] - The new return model fills the gap in the TIR cargo rate from Russia to Yiwu and reduces logistics costs for TIR enterprises by 40% compared to air freight [2] - The policy enhances Yiwu's position as a global hub in the cross-border e-commerce logistics network, transitioning from "goods flowing globally" to "worry-free returns" [2] Group 3: Future Developments - Yiwu Customs plans to support enterprises in regularly conducting cross-border e-commerce retail export return operations and will continue to deepen reforms for trade facilitation [3] - The focus will be on optimizing the return mechanism for cross-border e-commerce retail exports and assisting businesses in improving their after-sales service systems [3]

Core Insights - The "9610" customs code has become a key driver for cross-border e-commerce exports at Haikou Meilan International Airport, with export value reaching 734 million yuan in the first half of the year, a 46% year-on-year increase [1] - The "9610" model, known as the "consolidation model," addresses the challenges of small, frequent B2C orders in cross-border e-commerce, allowing for more efficient logistics and reduced costs [1] - The expansion of international cargo capacity at Meilan Airport, including the launch of three international cargo routes, has enhanced the reliability of cross-border transportation [2] Industry Developments - The establishment of the cross-border e-commerce comprehensive pilot zone has been expanded from Haikou to the entire Hainan Island, presenting new growth opportunities for the industry [2] - Customs procedures have been streamlined for eligible cross-border e-commerce retail goods, significantly reducing the complexity of export customs clearance [2] - Haikou Customs is committed to improving the business environment and service measures to support local enterprises in expanding their international market presence [2]

Core Insights - The international trade and global supply chain landscape is undergoing significant changes due to globalization trends, necessitating operational adjustments for cross-border e-commerce sellers and logistics companies [1] - Chinese cross-border logistics companies are expected to transition from a "cost-dependent" model to a "value-creating" model in the Americas market, driven by technological empowerment and compliance foundations [1] Group 1: Industry Trends - The rapid development of China's cross-border e-commerce has introduced innovative business models that provide diverse and cost-effective options for global consumers, altering the existing market dynamics [1] - Macro policy adjustments, such as upgraded environmental requirements, are pressuring companies to optimize product structures, particularly affecting low-margin seasonal goods and low-end electronics [1] - Companies are enhancing their competitiveness by building and integrating global logistics information systems and localizing supply chains through overseas warehouses [1] Group 2: Operational Strategies - Logistics companies are responding to changing demands from cross-border e-commerce businesses by adjusting their operational strategies, utilizing overseas warehouses as strategic pivots, and leveraging digital tools to improve efficiency [2] - The distinction between contract logistics and cross-border e-commerce logistics is highlighted, with contract logistics focusing on production enterprises and supply chain stability, while cross-border logistics caters to e-commerce sellers with small, frequent, and rapid delivery needs [2] Group 3: Future Directions - The company plans to enhance its market presence in the Americas by increasing investments in overseas warehouses and collaborating with local logistics providers to create a responsive network across the U.S. [3] - The strategy includes upgrading warehouses to "one-stop comprehensive" facilities that integrate various value-added services, thereby increasing customer loyalty through differentiated and personalized offerings [3] - The company aims to strengthen its global logistics information system, incorporating technologies like AGV robots and IoT monitoring to optimize sorting efficiency and utilizing blockchain for product traceability to reduce compliance risks and enhance consumer trust [3]