证券日报网讯1月6日，乐歌股份（300729）在互动平台回答投资者提问时表示，公司在中大件海外仓行 业中处于领先地位，口碑较好，且作为FedEx的全球TOP100客户，享有较好的尾程价格优势。这种基于 长期业务体量和互信建立的深度合作关系，需要时间和规模积累，是公司海外仓服务网络重要的效率与 可靠性基石之一。 ...

跨境小包正面临全球性的"围剿"，欧盟近期新规的出台还将进一步加速小包免税时代的落幕。 Part 013欧元"入场券" 2025年12月12日，欧盟理事会正式通过决议，决定自2026年7月1日起，对所有从非欧盟国家进入欧盟、价值低于 150欧元的小包裹统一征收3欧元的临时固定关税。 该政策精准覆盖已在欧盟进口一站式服务系统（IOSS）注册增值税的非欧盟卖家，这意味着欧盟93%的电子商务 交易量将被纳入征收范围。 | Documents and research | | --- | | Home > Press > Press releases | | Council of the EU Press release 12 December 2025 11:10 | | Customs: Council agrees to levy customs duty on | | small parcels as of 1 July 2026 | | The Council today agreed to apply a fixed customs duty of €3 on small parcels | | value ...

观点网讯：12月11日，商务部新闻发言人何亚东在例行新闻发布会上表示，今年以来，面对复杂严峻的 外部环境，中国外贸逆势而上，实现量稳质升，以稳健的增长展现充沛的活力。 前11个月，我国货物进出口总值41.21万亿元，同比增长3.6%。当前，全球经贸领域的不确定不稳定因 素显著增多，产供链深刻调整，这是包括中国在内的所有国家面临的共同挑战。相信，未来中国外贸能 够克服困难，为全球经贸发展持续注入稳定力量。 下一步，商务部将会同各地方、各相关部门落实好各项稳外贸政策，积极推动市场多元化，加强对企业 开拓市场的服务保障；拓展中间品贸易、绿色贸易，推动贸易创新发展；推进进出口平衡发展，持续打 造"出口中国"品牌；提升贸易促进平台功能，支持跨境电商、海外仓等新业态新模式发展，促进外贸提 质增效。 免责声明：本文内容与数据由观点根据公开信息整理，不构成投资建议，使用前请核实。 ...

Core Viewpoint - The article discusses the shift in cross-border e-commerce fulfillment models from direct mail small packages to overseas warehouses, driven by the cancellation of "de minimis" tax exemptions in various countries, particularly the U.S. This transition is expected to enhance efficiency and reduce costs in cross-border logistics, with a projected market size of 350 billion yuan in the next three years [2][12][20]. Group 1: Fulfillment Model Transition - The fulfillment model is transitioning from direct mail small packages to overseas warehouses due to the loss of tax exemption advantages [2][12]. - Overseas warehouses offer significant advantages over direct mail in terms of product coverage, fulfillment speed, cross-border transport costs, and after-sales service [2][17]. - The market for overseas warehouse fulfillment is expected to reach 350 billion yuan in the next three years, with a projected package volume of 8.2 billion by 2024 [20][24]. Group 2: Market Focus Shift - The focus of the market is shifting from the U.S. to non-U.S. markets due to increased tariffs and the cancellation of tax exemptions, which could affect about one-third of China's cross-border e-commerce exports [2][39]. - Emerging markets in Southeast Asia, Latin America, and the Middle East are expected to experience rapid growth, providing a new foundation for China's cross-border e-commerce exports [2][39]. - The overall e-commerce penetration rate is increasing globally, with significant growth potential in emerging markets [44][47]. Group 3: Payment and Settlement Innovations - Cross-border e-commerce payment and settlement are evolving towards multi-channel approaches that reduce costs and improve efficiency [3]. - Third-party payment solutions are becoming increasingly important by connecting directly to local payment networks and creating virtual accounts to lower fees [3]. - Blockchain technology and stablecoins are emerging as new payment methods, presenting both opportunities and challenges for cross-border e-commerce [3]. Group 4: Strategic Recommendations - The "Four Little Dragons" of cross-border e-commerce (Temu, SHEIN, AliExpress, TikTok) are promoting a semi-managed model that leverages overseas warehouses to enhance fulfillment efficiency [25][26]. - The Chinese government is continuously supporting the construction and optimization of overseas warehouses, indicating a strong commitment to enhancing cross-border e-commerce logistics [29][30]. - The market concentration of overseas warehouse suppliers is expected to increase, with third-party warehouses dominating the market [31][32].

南方财经记者张梦琦 实习生吴冠蓉 广州报道 2025年11月26日，"携手出海・共拓全球——粤浙企业出海经验共享与合作对接交流会" 在广州市浙江 大厦成功举办。 本次活动以 "经验共享、合作对接" 为核心，联动广州主会场、浙江杭州线上分会场与新西兰奥克兰线 上分会场，汇聚粤浙两地商会代表、海外侨领、企业负责人及法律、投资领域专家，共同探讨企业出海 新路径，深化粤浙产业协同，助力中国企业在全球市场行稳致远。 粤浙两地民营经济活跃、产业优势互补，是企业出海的重要发源地。广东省浙江商会与浙江省广东商会 牵头搭建本次交流平台，旨在整合两地出海资源，破解企业国际化进程中的痛点难点，推动粤浙企业从 "各自为战" 转向 "抱团出海"，构建优势互补、资源共享、风险共担的合作生态。活动线上线下参与人 数超300人，达成多项合作意向。 为企业提供出海方案 案例分享环节，四位行业资深人士带来了具有实操性的出海经验，为参会企业提供参考。 三地共商出海新机遇 活动伊始，广东省浙江商会执行会长谢永灿在致辞中表示，粤浙两地企业出海经验丰富、合作潜力巨 大。商会始终致力于凝聚浙商力量，搭建政企商合作平台，未来将进一步推动两地资源互通，助力企 ...

Core Insights - The 2025 China Cross-Border E-Commerce Logistics Conference will be held in Shenzhen, focusing on themes of breaking through, innovation, going global, and localization [13][10] - The event will gather over 1,000 industry guests, including cross-border e-commerce platforms, logistics service providers, and supply chain companies, to discuss industry trends and global strategies [13][14] - Dafen Logistics has been recognized with two awards for its outstanding performance and innovative services in the cross-border e-commerce logistics sector [11][12] Event Highlights - The conference will feature over 20 prominent speakers from leading organizations, including BCG Consulting and top shipping analysis firms, as well as successful companies like Midea and Lekong [14] - An industry resource matching session will be held to facilitate high-end resource connections, promoting collaboration and market prosperity [15] Company Overview - Dafen Logistics, established in 2010, specializes in providing customized global logistics services for cross-border e-commerce sellers and has evolved into a comprehensive logistics service provider [16][22] - The company has expanded its operations with branches in over 20 cities in China and several countries, including the USA, France, Germany, and the UK, offering services such as collection, consolidation, and storage [18] - Dafen Logistics is recognized as an Amazon SPN logistics service provider and has received multiple industry accolades, establishing a strong brand presence in the logistics sector [20]

Core Viewpoint - The new policy completely abolishes the registration requirement for cross-border e-commerce export overseas warehouse business models, allowing companies to directly engage in overseas warehouse operations with only basic registrations required [2][3]. Policy Basis and Effective Date - The policy is based on the General Administration of Customs Announcement No. 167 of 2024 and will take effect on December 15, 2024 [2]. Impact Analysis - **Supply Chain Flexibility**: Companies can freely choose and switch third-party overseas warehouse resources globally, enabling a plug-and-play supply chain layout [3]. - **Decision-Making Efficiency**: The cancellation of the registration process reduces preparation time from weeks to zero, allowing companies to quickly respond to market opportunities [3]. - **Reduction of Transaction Costs**: The reform cuts down on administrative costs in terms of time, manpower, and communication, enabling companies to focus more on core business development [3]. Transformation of Overseas Warehouse Operations - The cancellation of registration transforms overseas warehouses from fixed assets requiring approval into on-demand, scalable cloud services, facilitating global, agile, and intelligent supply chain management [4]. Tax Refund Process - **Sales Achieved at Declaration**: Companies can directly process tax refunds according to existing export tax refund regulations [6]. - **Sales Not Achieved at Declaration**: Companies can apply for pre-tax refunds under the "departure tax refund" model and must accurately fill in the "overseas warehouse pre-refund" identifier in the declaration details [7]. - **Core Tax Policy**: The policy implements "departure tax refund, sales accounting afterward," allowing companies to apply for tax refunds immediately after goods leave the country [8]. Cash Flow Improvement - The new policy significantly shortens the tax refund cycle from several months to weeks after departure, alleviating the financial burden on companies [9]. - For example, a company exporting goods worth 10 million yuan with a 13% tax refund rate would previously wait about six months for a 1.3 million yuan refund. Under the new policy, the refund process can start immediately after departure, enhancing capital efficiency by over 30% [10]. Regulatory Framework - The adjustment is part of a broader regulatory framework involving four key systems that work together to create a "trust-based supervision" model [13]. - **Customs Side**: Simplification of entry requirements, cancellation of overseas warehouse registration, and expansion of pilot programs for post-shipment inspections [14]. - **Tax Side**: Implementation of the "departure tax refund" model and clear guidelines for "overseas warehouse pre-refund" [14]. - **Information Side**: Regularized strong reporting of tax-related information to support accurate data verification by tax authorities [14]. Compliance and Legal Responsibilities - Companies must retain sales evidence within 15 days after sales are realized, ensuring the documentation is genuine and complete [16]. - Failure to comply with documentation requirements may result in tax recovery and potential penalties, with tax authorities initiating investigations for suspected tax fraud [16].

Group 1 - The global e-commerce market is experiencing stable growth in penetration rates following a rapid increase during the pandemic, with significant growth observed in emerging markets such as Asia and Latin America, driving the expansion of overseas warehouse operations [1] - The demand for improved logistics experiences from buyers is rising, with 75% of buyers expecting orders to be delivered within 5 days, highlighting the advantages of the proximity delivery model offered by overseas warehouses [3] - The rise of the semi-managed model is becoming a new engine for the growth of overseas warehouse businesses, providing sellers with new sales channels and achieving dual goals of traffic capture and operational autonomy [3] Group 2 - In response to increasing uncertainty in global tariff policies, sellers are adopting regional risk-hedging inventory strategies, with a shift towards overseas warehouse models to mitigate policy risks and enhance overall logistics efficiency [3] - The expected shift towards semi-managed models by major platforms by 2025, influenced by tariff policies, will further solidify the core position of overseas warehouses in the cross-border e-commerce logistics system [3]

Core Insights - The shipping rates for routes from Shanghai to the U.S. West Coast and East Coast have increased significantly, with a rise of 31.9% and 16.4% respectively [1][2] - The overall shipping demand remains stable, contributing to a rebound in the container shipping market in China, as indicated by a 12.9% increase in the Shanghai Export Container Freight Index [2] - The ongoing U.S.-China trade tensions and tariff fluctuations are disrupting trade expectations and affecting the rhythm of export shipments [2][3] Shipping Rates and Market Trends - As of October 17, the Shanghai Export Container Freight Index reached 1310.32 points, reflecting a 12.9% increase from the previous period [2] - The market rates for shipping from Shanghai to the U.S. are now $1936 per FEU for the West Coast and $2853 per FEU for the East Coast [2] - The shipping rates to Europe have also seen an increase, with the rate to European ports at $1145 per TEU, up 7.2% [4] Trade Dynamics - China's exports to the U.S. have decreased by 27% in September, marking six consecutive months of negative growth, while exports to the EU have increased by 14.2% [4] - The trade environment is characterized by a cautious sentiment among businesses, with many opting to observe policy developments closely [3][4] - The introduction of new port service fees by the U.S. and China's retaliatory measures are expected to further complicate the trade landscape [2][3] Company Performance - DSV Group reported a 2% year-on-year increase in container transport volume in the first half of the year, driven by a focus on high-growth sectors such as perishables and semiconductors [5] - The company is facing profit pressures due to currency fluctuations and trade uncertainties, despite the increase in business volume [5]

Core Insights - The company adopts a "bulk stocking + local warehousing" model to mitigate the impact of the 100% additional tariffs announced by Trump, allowing for significant reductions in customs costs compared to direct shipping [1][3] - The model ensures compliance with local delivery regulations, effectively avoiding the high customs risks associated with small parcel exemptions [3][4] Cost Optimization - The logistics costs are structurally reduced through a combination of "ocean freight + local delivery," achieving a cost reduction of 30%-50% for U.S. routes and over 45% for European routes [3][4] - For example, shipping a 10-kilogram appliance directly to the U.S. costs about $80, while using the overseas warehouse model reduces this to $35-$40 [3] Efficiency in Fund Turnover - The company leverages the "9810" export tax rebate policy to provide a "tax refund upon departure" service, reducing the average tax refund cycle from 3 months to under 45 days, enhancing cash flow for businesses [4] Enhanced Customer Experience - The overseas warehouses enable next-day or two-day delivery across major global markets, significantly improving service speed compared to the 7-15 days typical of direct shipping [5] - Additional services such as local returns and repairs have reduced return processing time from 1 month to 3-5 days, increasing customer satisfaction to over 92% [5] Intelligent Operational Empowerment - The company has developed a warehouse management system that synchronizes with major e-commerce platforms, enabling AI-driven sorting, dynamic inventory alerts, and multi-channel shipping coordination [6] - This system allows real-time monitoring of global inventory distribution, reducing the risk of unsold stock by 30%, particularly during peak seasons [6] Network Resilience - The company operates over 30 self-owned overseas warehouses across key markets, with a total area exceeding 500,000 square meters, allowing for flexible inventory adjustments in response to tariff changes [6][7] - For instance, in the event of U.S. tariff increases, inventory can be shifted to warehouses in Mexico or Canada to mitigate policy risks [6] Policy Benefits - The company aligns with domestic policies promoting overseas warehouse development and is included in key service enterprise lists, providing clients with policy declaration and compliance training [7] - Utilizing policy-supported cross-border logistics routes further reduces initial transportation costs and enhances supply chain resilience [7]