Core Viewpoint - The article discusses the evolving relationship between UniUni and Zongteng, highlighting their transition from partners to competitors in the North American last-mile delivery market, driven by market dynamics and strategic shifts [4][42]. Group 1: UniUni's Development and Challenges - In 2022, UniUni faced its first major crisis, struggling to secure funding after its angel round, leading to cash flow issues that threatened its expansion [2][7]. - After failing to attract venture capital, UniUni shifted its focus to industry investors, successfully securing funding from Zongteng, which provided both financial support and business opportunities [3][12]. - UniUni's innovative crowdsourced delivery model significantly reduced delivery costs in North America, attracting numerous clients and achieving rapid growth, with daily order volume increasing tenfold within a year [6][19]. Group 2: Market Dynamics and Competition - As UniUni grew, it began to bypass Zongteng for direct client acquisition, coinciding with the rise of platforms like Temu and SHEIN, which increased demand for last-mile delivery services [4][18]. - By 2023, UniUni's daily order volume in the U.S. surged to over 100,000, primarily driven by orders from Temu and SHEIN, marking a significant recovery from its earlier struggles [19][20]. - The competitive landscape intensified as Zongteng also sought to establish its presence in the last-mile delivery sector, leading to a direct rivalry with UniUni [21][30]. Group 3: Zongteng's Strategic Moves - Zongteng has been actively acquiring overseas last-mile delivery assets and enhancing its operational capabilities to compete effectively in the market [28][30]. - The company aims to create a business model that integrates first-mile transportation, overseas warehousing, and last-mile delivery, positioning itself against major players like USPS and FedEx [34][30]. - Zongteng's recent investments and strategic initiatives indicate its ambition to solidify its market position and potentially pursue an IPO, reflecting confidence in its growth trajectory [34][35]. Group 4: Future Outlook and Industry Implications - Both UniUni and Zongteng are vying for a share of the fragmented North American last-mile delivery market, with the potential for collaboration to enhance their competitive stance against larger incumbents [38][39]. - The article suggests that while both companies have distinct strategies, their paths may converge in the future, impacting the overall dynamics of the logistics industry [42].

21世纪经济报道记者 董静怡 上海报道 近期的跨境电商非常热闹。 随着关税下调，企业都在努力生产、接单、发货。一方面，迅速消化过去一段时间的消费需求，另一方 面，为年中大促以及之后的旺季做准备。 美国市场是中国跨境卖家的核心战场，在经历了该市场的关税政策波动、物流成本上涨等影响后，跨境 电商卖家们的竞争逻辑在发生改变。 他们不再单纯追求增长，而是将更多注意力转向风险管控和供应链韧性，这一压力也传导至物流企业 侧。卖家对物流商的需求从"廉价"转向"可靠"，从"单一市场"转向"多元市场"，从"被动接受"转向"风险 共担"。 尽管外部环境复杂多变，美国市场依然是众多跨境电商卖家重点布局的核心市场。即使在不确定的关税 环境下，卖家仍愿意承担一定的成本压力，继续深耕美国市场。 究其原因，一是美国电商市场体量庞大，消费力强劲；二是经过多年培育，卖家已经建立起较为成熟的 销售渠道和品牌认知度，轻易撤出并不现实。 "美国消费需求一直存在，很多跨境商家会针对美国市场开发产品，消费者对中国产品和供应链的依赖 也很强。"国内某智能设备品牌负责人Jimmy表示。 跨境电商卖家们意识到，完全退出美国市场并非明智选择，但如何在新环境下生 ...

Group 1: Events and Summits - The BRICS summit is scheduled to take place from July 6 to 7, 2025, in Rio de Janeiro, Brazil, as announced by the BRICS countries' news department [1] - The second China-Central Asia Summit will be held in June 2025 in Astana, Kazakhstan, following the first summit in Xi'an in May 2023, which marked a significant milestone in China-Central Asia relations [1] - The cooperation between China and Central Asian countries focuses on enhancing trade, transportation connectivity, and various sectors including agriculture and emergency management [1] Group 2: Payment Systems - BRICS countries are developing a digital payment platform named BRICS Pay, aimed at facilitating local currency settlements and financial transactions [2] - The BRICS Pay system is a decentralized multilateral cross-border payment system initiated by the BRICS Business Council in 2018, expected to be launched at the BRICS summit in October 2024 [2] - The introduction of BRICS Pay could deepen financial cooperation among member countries and accelerate the internationalization of the Chinese yuan [2] Group 3: Historical Performance - The People's Bank of China has issued a plan to enhance cross-border financial services, encouraging more banks to join the Cross-Border Interbank Payment System (CIPS) to support global trade and investment [3] Group 4: Related Stocks - A list of stocks potentially benefiting from the internationalization of the yuan has been compiled, including companies in cross-border trade and payment sectors [6]

Core Insights - The air freight costs and delivery times from China to Europe are critical factors in cross-border trade, influenced by cargo attributes, transport methods, and market fluctuations [1] - Understanding the dynamic relationship between these variables can help shippers find an optimal balance between cost and efficiency [1] Delivery Times - Standard air freight for general cargo typically takes 5 to 15 working days, with express services potentially reducing this to as little as 5 days under ideal conditions [3] - Some logistics providers offer "express air freight" options that claim delivery within 3 to 7 days, but these services often come with strict limitations on cargo type and size, and can be 30%-50% more expensive than standard options [3] - Sensitive items like batteries and cosmetics may require special handling, extending delivery times to 10-15 days and incurring additional fees of 20%-40% [3] - Customs clearance efficiency is a key determinant of overall delivery time, with local EU customs teams achieving a 95% next-day clearance rate [3] Freight Cost Calculation - Air freight costs are calculated based on the greater of actual weight or volumetric weight, with volumetric weight calculated as length × width × height (cm) / 6000 [4] - Standard freight rates for general cargo range from 40 to 100 RMB per kilogram, while special items can cost between 60 to 130 RMB per kilogram [4] - There are significant freight cost differences across European countries, with shipments to Germany being 15%-20% cheaper than to Eastern European countries due to customs efficiency and delivery network density [4] Market Fluctuations - Seasonal demand can cause freight rates to increase by 40%-60% during peak periods compared to off-peak times [5] - Alternative transport methods, such as rail intermodal, can reduce costs to 60% of air freight rates, although delivery times may extend to 15-20 days [5] - Logistics companies' channel strategies are crucial for cost control, allowing for the separation of urgent and regular shipments to optimize efficiency [5] - Companies can reduce volumetric weight by using vacuum compression bags, potentially lowering costs by 10%-15% [5] - Combining sea freight with local delivery in Europe can reduce overall costs by over 40% while maintaining a delivery timeframe of 15 days [5] Strategic Considerations - Cross-border e-commerce sellers must balance the urgency of next-day delivery with warehousing costs and cash flow [5] - High freight costs associated with express services can erode profit margins by 3%-5% [5] - Establishing a dynamic model to balance urgent delivery needs with sustainable logistics costs is essential for future competitiveness in cross-border logistics [5]

从中原走向世界，陆路之上，TIR卡班与中欧班列一起加速奔跑。目前，郑州市坚定不移扩大高水平对 外开放，按照"一中心、多节点"的TIR网络布局，全力构建形成以郑州为中心、辐射"一带一路"共建国 家和重要贸易伙伴的TIR运输网络体系，充分发挥TIR集结中心辐射带动作用，打造中部地区服务最 优、线路最全的国际公路"门到门"物流网络，让更多"中国制造"通达全球。（记者 王延辉） 责任编辑： 王靖 TIR卡班作为一种新兴国际运输方式，已成为继空运、海运、铁路运输之后的"第四物流通道"。相较于 传统的公路运输，TIR实现了全程一次申报、一证到底、一车直达，能极大提升贸易便利化、提高货物 通行效率、节约运输时间和成本，非常适合跨境电商小包裹出口。 "发展'TIR+跨境电商'国际卡班业务，是河南构建'空、卡、铁、海'多式联运立体物流网络的重要一 环。"据郑州新丝路国际港务投资有限公司董事长刘杰介绍，此次"TIR+跨境电商"国际卡班在郑州新区 海关、郑州经开区管委会的大力支持下，由公司发挥对外开放综合服务平台作用，积极协调相关部门做 好服务保障，并由中大门国际物流集团有限公司与广东薛航集团有限公司联合组织发运。 继河南首发"T ...

2025年全球贸易战的升级对跨境物流行业造成了冲击，企业在采取多元化策略应对不确定性的同时，亦开始充裕现金流准备打"持久战"，而来自武汉的沃德 通供应链科技有限公司则欲通过资本市场募集"粮草"。 智通财经APP观察到，沃德通供应链科技有限公司的控股公司World Road Inc(以下简称：沃德通)于5月16日首次向SEC递交了公开版的招股说明书，申请 以"WODO"为代码在纳斯达克上市，但发行股份数量以及价格区间暂未公布。 从业绩来看，沃德通2024财年(截至2024年3月31日止12个月)的收入约为1.3亿(人民币，下同)，同比下滑63.17%，而期内的净利润扭亏为盈，从亏损159.9万 元转为盈利19万元。而至2025财年上半年(截至2024年9月30日止6个月)，沃德通的收入为2.24亿元，同比暴增573.32%，期内净利润为567.5万元，而2024财 年同期则为亏损137.3万元。 由此可见，沃德通虽然盈利能力有所增强，但公司收入端却大幅波动，为何其业绩会呈现出如此撕裂的分化局面?透过公司的招股说明书，便可一探究竟。 战略转型下业务结构调整致收入大幅波动 成立于2020年的沃德通是一家专注于跨境物 ...

Core Viewpoint - Huan Shi International Logistics Holdings Limited has submitted an application for listing on the Hong Kong Stock Exchange, with CITIC Securities and China Merchants Bank International as joint sponsors [1]. Company Overview - Established in 2003, Huan Shi Logistics has become a leading cross-border integrated logistics service provider in China, leveraging its extensive overseas operational expertise [4]. - According to Frost & Sullivan, Huan Shi Logistics ranks first among private cross-border integrated logistics service providers in China and eighth globally in container throughput for 2024 [4]. Market Position - The company is positioned as a leader in the "Belt and Road" corridor, ranking first in the China-Middle East and Red Sea routes in terms of container volume among all operators [4]. - Huan Shi Logistics operates a global logistics network with over 6,000 cross-border routes, covering approximately 200 countries and regions [4]. Client and Service Metrics - As of December 31, 2024, the company has connected over 100,000 customers and suppliers through its digital platform, which features more than 100 visualization nodes for end-to-end logistics processes [6]. - In 2024, Huan Shi Logistics delivered 772,423 TEUs for approximately 26,000 diverse enterprises, covering a wide range of product categories [4]. Financial Performance - The company reported revenues of approximately $2.06 billion, $776.3 million, and $1.25 billion for the fiscal years 2022, 2023, and 2024, respectively [6][7]. - The net profit/loss figures for the same years were approximately $2.05 million, -$38.4 million, and $51.6 million, indicating a significant recovery in profitability by 2024 [6][7]. - The gross profit margin improved from 7.7% in 2022 to 12.4% in 2024, reflecting enhanced operational efficiency [7].

中新网南宁5月27日电 (记者黄艳梅)广西南宁市官方27日举办新闻发布会介绍，南宁市加快建设面向东 盟的跨境物流枢纽，不断提升对内对外开放能级。目前，中越跨境快速通关班列(下称"中越班列")已进 入常态化开行阶段，已实现"天天班"，中国南宁南站至越南安员站运输时效稳定在14小时以内。 截至5月15日，2025年广西始发中越班列累计发运货物14556标箱，同比增长314%，继续保持强劲增长 势头。中越班列运输货物品名达366个，货源辐射至中国25个省、自治区、直辖市，跨境货物覆盖越 南、老挝、泰国等东盟国家。在中国经铁路运输出口越南的重车、集装箱货物中，南宁国际铁路港发送 量占比分别达到78%、90%。 "两港一区"(南宁国际铁路港、南宁国际空港、南宁综合保税区)是南宁市跨境产业融合发展的主要承载 地，规划面积84平方公里。2025年，"两港一区"建设持续发力，将重点推进项目53项，总投资758.97亿 元人民币。 南宁吴圩国际机场建立了全国机场口岸首个联合指挥调度中心，实现海关与机场货站"同一系统、同一 场所、统一协调、统一调度"的"四个一"联合调度机制。2024年5月，南宁空港口岸"机坪直提"模式正式 启用 ...

Event Background - Starting April 2024, Italy will implement new customs clearance regulations under the Import Control System 2 (ICS2), affecting packages from non-EU countries. This policy aims to enhance risk management, strengthen tax compliance, and digitize the clearance process [1] - The new ICS2 regulations require complete Advance Cargo Information and detailed safety declarations before shipment, emphasizing the accuracy of declared information [1] Rule Analysis - ICS2 is the EU's new generation import data declaration system, replacing the old ICS system, focusing on identifying high-risk goods before entry [3] - Italy has set stricter execution standards compared to neighboring countries, with enhanced scrutiny on customs processes and VAT compliance [3] Data Reference - In the first month of the new regulations, logistics costs have significantly increased, with average ePacket prices rising from $1.20 to $1.85, a more than 54% increase [6] - Sellers now face additional tax compliance costs, with VAT rates between 19-22% imposed on sales to Italy [4] Industry Impact Analysis - Small and medium-sized sellers are under increased pressure, leading some to exit the Italian market in favor of regions like the UK and the US [8] - Logistics service providers face heightened sorting pressures, with compliance capabilities becoming a key competitive factor [8] - The new regulations reflect a broader tightening of cross-border trade scrutiny within the EU, with other countries also advancing their ICS2 integration plans [9] Compliance Recommendations - Companies are advised to prioritize logistics providers with customs capabilities and ENS system access [12] - It is recommended to standardize product descriptions and prepare a library of HS codes for compliance [12] - Utilizing ERP systems for managing declaration information and considering IOSS registration for VAT compliance are also suggested [12]

国外 1. 高盛：对冲基金一季度削减美股科技七巨头仓位，增持中国ADR 高盛策略师表示，对冲基金在第一季度削减了美股"科技七巨头"，同时增持了中国ADR。策略师在5月 20日的一份报告中写道，美国对冲基金持有的最受欢迎的中国ADR包括阿里巴巴、拼多多、百度和京 东。 2. 瑞银：当前债券收益率处于相对较高水平 "尽管我们认为美国今年或避免全面衰退，但增长放缓和劳动力市场疲软或促使美联储在未来几个月恢 复降息。"瑞银财富管理投资总监办公室5月20日表示，预计基准情景是美联储今年或在9月开始降息， 全年幅度或达75个基点。其表示，尽管可能已经度过了特朗普贸易政策引发的悲观情绪高峰，但持续的 不确定性仍可能加剧市场波动。当前的债券收益率处于相对较高水平，有助于寻求持久收入。历史上随 着持有期的延长，债券跑赢现金的概率会上升。故维持高评级和投资级债券"具吸引力"的观点，并预计 此类债券将在未来12个月内实现中个位数的回报。 3. 大摩：建议买入美国资产，但美元除外 摩根士丹利已将美国股票和国债评级从中性上调至超配，指出全球经济虽增速放缓但仍保持扩张，并且 市场对美联储降息的预期不足。其预测，鉴于企业盈利修正即将见底以 ...