News
China Logistics Group Finance Company was approved to open with a registered capital of 3 billion yuan
Recently, China Logistics Group Finance Co., Ltd., a subsidiary of China Logistics Group, officially obtained the approval for opening. According to the "Measures for the Administration of Financial Companies of Enterprise Groups" and other relevant regulations, the preparations for the opening of China Logistics Group Finance Company have been fully prepared. It is reported that the registered capital of China Logistics Group Finance Company is 3 billion yuan, which is fully funded by China Logistics Group, with a shareholding ratio of 100%.
The business scope of China Logistics Group Finance Company covers a number of domestic and foreign currency businesses, including absorbing deposits of member units, handling loans of member units, discounting bills of member units, handling fund settlement, receipt and payment of member units, as well as providing entrusted loans, bond underwriting, non-financing guarantees, financial advisory, credit assurance and consulting agency services of member units.
News
Jingdong Logistics entered the photovoltaic module warehousing and distribution
On April 2, JD Logistics and Huaxia Financial Leasing Co., Ltd. announced that they had reached a cooperation agreement, and JD Logistics will provide integrated supply chain warehousing and distribution services for Huaxia Financial Leasing's photovoltaic business. This is also JD Logistics' first cooperation project in the field of photovoltaic module warehousing and distribution.
As a well-known financial leasing company in China, Huaxia Financial Leasing has been deploying residential photovoltaic financial leasing business since 2020, and has carried out business in 45,000 villages across the country, serving more than 170,000 rural families. By the end of the third quarter of 2022, its photovoltaic business had generated a total of 3.708 billion kWh of clean electricity, equivalent to reducing carbon dioxide emissions by 3.23 million tons and saving 1.3 million tons of standard coal.
Faced with the challenges of warehousing and logistics of large-volume and heavy goods such as photovoltaic modules, Huaxia Financial Leasing found JD Logistics as a partner. JD Logistics has created an exclusive solution for this purpose, providing integrated services including warehousing and distribution, quality inspection, etc., and the cooperation has covered 9 warehouses in 8 provinces across the country, effectively meeting the business needs of Huaxia Financial Leasing. (Source: Viewpoint.com)
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The claims team of China Postal Express Logistics Headquarters was put into operation
Recently, China Postal Express Logistics has launched a new model of centralized claims settlement to achieve a further upgrade of claims settlement services. On April 1, the claims team of the headquarters was officially put into operation at the 11183 customer contact center in Yizhuang, Beijing. On the day of the official launch of the claims team of the headquarters, with the service goal of "timely response and rapid claims", the whole process from claim communication, compensation plan formulation, data collection, approval submission to compensation payment was realized to ensure that every customer's compensation claim can be responded to and solved in the shortest possible time, which further improves the customer's postal experience. (Source: E-commerce News)
News
Cargo Lala updated its prospectus to the Hong Kong Stock Exchange: revenue of $1.334 billion in 2023
On April 2, Cargo Lala updated its prospectus to the Hong Kong Stock Exchange. According to the updated prospectus, the total global transaction volume of Lalatech in 2023 will reach US$9.414 billion, a year-on-year increase of 28.8%, and its revenue will reach US$1.334 billion.
In 2021 and 2022, Cargo Lala incurred an adjusted loss (non-IFRS measure) of US$651 million and US$12.1 million, respectively, and recorded an adjusted profit (non-IFRS measure) of US$390 million in 2023.
According to Frost & Sullivan, Cargo Lala is the world's largest logistics trading platform in terms of total closed-loop freight transaction value (or total closed-loop freight transaction value) in the first half of 2023, with a market share of 44.0%.
According to the company, the company is currently adopting a hybrid monetization model to generate revenue through a combination of driver membership fees and commissions, thereby converting GTV (Gross Transaction Value) growth into revenue growth. At present, the proportion of commissions in the revenue of Chinese mainland freight platform services has increased from 11.7% in 2021 to 57.0% in 2023, and the mix of driver membership fees and commissions generated by Chinese mainland freight platform services is balanced. This has also led to an increase in the monetization rate of Lala's freight platform services in Chinese mainland, from 7.6% in 2021 to 10.3% in 2023. (Source: China Securities Network)
News
JD Hourda deepens strategic cooperation with Xiaomi
On the evening of March 28, with the official release of Xiaomi's first smart car SU7 and the start of reservations, new SU7 accessories were also released and put on sale. In addition to waiting for the official delivery of Xiaomi SU7, the quick purchase of new SU7 accessories has also become the focus of attention of "rice noodles". Recently, JD.com's instant retail platform, JD Hourda, and Xiaomi announced that they will further deepen their strategic cooperation, focusing on diversified supply, new product marketing, user digitalization and other aspects of in-depth cooperation, and continue to upgrade the instant retail services of Xiaomi's ecological chain products.
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The three major airlines lost nearly 90% of their losses last year
Recently, Air China, China Eastern Airlines and China Southern Airlines released their 2023 annual reports, and the operating income of the three major aviation central enterprises totaled 414.77 billion yuan, a year-on-year increase of more than 1.2 times. Specifically, China Southern Airlines had the highest revenue last year, reaching 159.929 billion yuan, while Air China and China Eastern Airlines had 141.1 billion yuan and 113.741 billion yuan respectively. The losses of the three major airlines totaled 13.423 billion yuan, narrowing by nearly 88% year-on-year. Although the loss has not yet been reversed, the overall operating performance has improved significantly. Air China reduced its loss by 97.29%, while China Southern Airlines' loss narrowed by 87.12% and China Eastern Airlines' loss narrowed by 78.13%. (Source: Hexun.com)
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Chongqing Municipality signed a strategic cooperation agreement with Liaoning Fangda Group
On April 1, Chongqing Municipal People's Government signed a strategic cooperation agreement with Liaoning Fangda Group Industrial Co., Ltd. According to the agreement, the two parties will deepen strategic cooperation in the fields of airport industry, logistics services, medical and health care. Fangda Group and its subsidiaries have also signed a series of cooperation agreements with relevant district and municipal departments and enterprises in Chongqing, involving the construction of an international aviation gateway hub, aviation leasing and medical industry. (Source: Jintai Information)
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The first flight of Wuxi low-altitude logistics drone distribution
(Picture from the Internet)
On April 1, the first flight of Wuxi low-altitude logistics drone distribution was successfully held, which is also the first commercial drone delivery service project launched by the official in East China. There are two drone delivery routes opened this time, namely the round-trip line from Wuqiao City Processing Center in Liangxi District of Wuxi Post to Mashan Investment Department in Binhu District and the network line from Changjiang North Road to Yongle Road in Xinwu District of SF Express. Wuxi Post's drone delivery route mainly links the Zhongshan Road business district in the center of Wuxi and the more remote Taihu Bay Science and Technology Innovation Belt, and the delivery items cover emergency supplies, car license plates, and documents in the same city, which are "public". On the other hand, SF Express's routes mainly serve short- and medium-distance delivery services in cities, and are committed to achieving express mail to consumers within the route range of one hour at the earliest, with cold chain fresh food, catering takeaway, etc. (Source: Jintai Information)
News
The SCO Demonstration Zone opened a China-Europe train from Tongjiang to Moscow
On April 2, a China-Europe train loaded with household appliances produced in Qingdao, Shandong Province was departed from the China-Shanghai Cooperation Organization Local Economic and Trade Cooperation Demonstration Zone (hereinafter referred to as the "Shanghai Cooperation Demonstration Zone"), passed through the Tongjiang Port in Heilongjiang, and is expected to arrive in Moscow, Russia in 20 days. The operation of this train marks the official opening of the new line of the China-Europe train from the SCO Demonstration Zone to Moscow, Russia via Tongjiang in Heilongjiang.
It is reported that the SCO Demonstration Zone is the only state-level platform for local economic and trade cooperation in China for SCO countries. Since the start of the construction of the SCO Demonstration Zone, Qingdao Customs has supervised the shipment of more than 3,400 China-Europe freight trains, 281,000 TEUs of import and export containers, and 2.363 million tons of goods transported by the SCO Demonstration Zone. After the opening of the new China-Europe freight train line, the number of international train routes in the SCO Demonstration Zone has increased to 22, reaching 54 cities in 23 SCO and Belt and Road countries. (Source: China News Network)
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The four departments announced the list of demonstration creations for the coordinated development of rural e-commerce and express delivery
On April 2, the website of the State Post Bureau issued the "Notice on Announcing the List of Demonstration Creations for the Coordinated Development of Rural E-commerce and Express Delivery", saying that in order to thoroughly implement the "Opinions of the General Office of the State Council on Accelerating the Construction of Rural Mail and Logistics System" on the creation of 100 rural e-commerce express delivery demonstration areas and 300 express delivery service modern agriculture demonstration project document requirements, the State Post Bureau will work with the Ministry of Transport, the Ministry of Agriculture and Rural Affairs, and the Ministry of Commerce to carry out the demonstration and creation of rural e-commerce and express delivery.
After warehousing declaration, step-by-step recommendation, provincial verification, expert review, social publicity and other procedures, it was agreed that 117 application units including Pingquan City, Chengde City, Hebei Province would be the founding units of the Rural E-commerce Express Collaborative Development Demonstration Zone, and 306 declared projects such as "SF Express Responds to the New Transformation of Internet + Agriculture, Leading Smart Agriculture with Science and Technology, and Helping Pinggu Big Peach Upward Project" to create projects for the express service modern agriculture demonstration project. (Source: State Post Bureau website)