S.F. Holding Dual-Lists on China A-Shares and Hong Kong H-Shares; China Eases Cross-Border E-Commerce Export Regulations Starting December 2024
Latest Dynamics of Logistics & Supply Chains in China's eCom
Here’s our pick for last week’s news:
S.F. Holding Dual-Lists on China A-Shares and Hong Kong H-Shares
West Post and WINIT Certified as TikTok Shop USA's Official Warehouses
Smart Logistics Global Moves Toward Nasdaq Listing with Updated Prospectus
Budapest Airport Becomes Key E-Commerce Hub for Chinese Shipments in Europe
Jiacheng International to Open Subsidiaries in Southeast Asia for E-Commerce Logistics
SIPG and COSCO SHIPPING Invest RMB 1 Billion Each in SAIC Anji Logistics
FLUX Secures RMB 300 Million in Funding
China Eases Cross-Border E-Commerce Export Regulations Starting December 2024
S.F. Holding Dual-Lists on China A-Shares and Hong Kong H-Shares
On November 27, S.F. Holding (S.F.) was officially listed on the Hong Kong Stock Exchange, making it the first logistics company to achieve dual listings on both China's A-share market and Hong Kong's H-share market. Priced at USD 4.41 per share, the IPO raised net proceeds of USD 727.49 million through the issuance of 170 million shares. This listing is a key milestone in S.F.'s international expansion strategy, supporting its global reach, strengthening its brand, and enhancing its competitiveness.
As China's and Asia's largest integrated logistics provider—and the fourth largest globally—S.F. operates across 202 countries and regions. Since its establishment in 1993, the company has built a fleet of nearly 100 cargo aircraft and operates 139 international routes. S.F. leads the Asian market in express delivery, freight transportation, instant delivery, and international logistics. Domestically, it holds leadership in five core sectors: express delivery, freight, cold chain logistics, instant delivery, and supply chain services.
West Post and WINIT Certified as TikTok Shop USA's Official Warehouses
TikTok Shop has introduced a streamlined solution for U.S. merchants to leverage overseas warehouses through partnerships with pre-integrated logistics providers. These platform-integrated warehouses are synced with TikTok Shop's backend, enabling seamless order fulfillment with prior authorization. Merchants can easily connect by navigating to Merchant Center → Apps & Services → App Store → Logistics & Shipping → Order Management (OMS/WMS), where they can install the appropriate plugins for their chosen warehouse provider.
By utilizing overseas warehouses, merchants can store products closer to their target markets, reducing delivery times and costs while enhancing the customer experience and product competitiveness. TikTok Shop also offers logistics performance assessment exemptions for merchants. Currently, West Post and WINIT are among the first approved logistics providers.
Smart Logistics Global Moves Toward Nasdaq Listing with Updated Prospectus
On November 28, Smart Logistics Global Limited filed an updated prospectus with the U.S. SEC, announcing plans to list on Nasdaq. The filing revealed the company's revenues for 2022 and 2023 at USD 110.18 million and USD 97.49 million, with net profits of USD 4.95 million and USD 1.29 million, respectively.
Founded in 2017 and headquartered in Fuzhou, Jiangxi, Smart Logistics is a leading provider of smart logistics services, focused on building a comprehensive logistics ecosystem. Its offerings include transportation, modern warehousing, cargo sorting, urban and rural delivery, intermodal logistics, trailer transport, non-vehicle cargo handling, logistics information, and exhibition services. In 2018, the company acquired Jiangxi Smart Logistics Park, which now manages B2B logistics contracts and supports seven full-truckload (FTL) centers across China, each dedicated to servicing key clients.
Budapest Airport Becomes Key E-Commerce Hub for Chinese Shipments in Europe
Budapest Ferenc Liszt International Airport has become one of Europe's busiest cargo hubs, handling a significant volume of customs clearance. Over 95% of the e-commerce shipments processed there originate from China. Instead of staying in Hungary, most of these parcels are sent to other European nations. The Ferihegy cargo terminal has also emerged as the primary distribution center for Chinese goods in Central and Eastern Europe, with nearly all parcels from platforms like Temu, SHEIN, and AliExpress pass through it.
Jiacheng International to Open Subsidiaries in Southeast Asia for E-Commerce Logistics
Jiacheng International Logistics has announced plans to establish three wholly-owned subsidiaries in Singapore, Thailand, and Vietnam. The registered capital for the investments will be USD 2.76 million for Singapore, USD 1.38 million for Thailand, and USD 1.38 million for Vietnam. Founded in October 2000, Guangzhou Jiacheng International Logistics is a leading third-party logistics provider in China.
The subsidiaries will provide a range of services, including cross-border logistics, warehousing, self-built logistics parks, local customs clearance, last-mile delivery, smart warehousing, aircraft leasing, air trunk transport, international shipping, freight forwarding, large-item logistics, home appliance delivery, installation, and after-sales services. They will also support both domestic and international trade, transshipment, and offshore trade.
SIPG and COSCO SHIPPING Invest RMB 1 Billion Each in SAIC Anji Logistics
Shanghai International Port Group (SIPG) and COSCO SHIPPING have each committed up to RMB 1 billion (USD 137.89 million) to participate in a capital increase for SAIC Anji Logistics. Following the investment, both companies will hold 10% stakes in Anji Logistics.
Established in 2000 as a wholly-owned subsidiary of SAIC Group, Anji Logistics ranked 4th among China's supply chain and logistics companies and 1st in automotive logistics in 2023. The company serves major domestic and international automakers, with operations spanning over 600 cities in China and more than 80 countries globally. Its Haitong Automotive Terminal in Shanghai is China's largest roll-on/roll-off (RoRo) terminal, exporting over 610,000 vehicles in the first half of 2024, a 27% increase from last year.
Anji Logistics also operates seven self-owned international trade routes, covering Europe, the Mediterranean, Mexico, South America, Southeast Asia, the Middle East, and Australia/New Zealand. The company owns 50 RoRo vessels and plans to expand its fleet with 22 new ocean-going vessels by 2026. In 2023, Anji Logistics reported net profits of USD 184.91 million, with total assets of USD 4.65 billion and equity of USD 1.29 billion as of July 2024.
FLUX Secures RMB 300 Million in Funding
FLUX, a leading digital supply chain solutions provider in China, has raised RMB 300 million (USD 41.37 million) in a recent financing led by Matrix Partners, with participation from Gaocheng Capital and Hillhouse Group.
Founded in 2003, FLUX specializes in integrated digital logistics management solutions. Its flagship product, FLUX WMS, is the market leader in warehouse management systems (WMS) in China. The company serves diverse industries including e-commerce, apparel, pharmaceuticals, retail, cold chain, FMCG, third-party logistics, and manufacturing.
FLUX's software is deployed across more than 5,000 logistics centers, managing over 48 million square meters of warehouse space. The company processes up to 1.64 million orders per day per warehouse and serves major global brands such as SF Express, China Post Express, Longi, Jinko Solar, Honeywell, TCL, Hisense, and Coca-Cola.
China Eases Cross-Border E-Commerce Export Regulations Starting December 2024
The General Administration of Customs has announced measures to streamline cross-border e-commerce exports, effective December 15, 2024. The new policy eliminates the need for registration of overseas warehouse exports and simplifies export documentation. A pilot program will launch at 12 major customs offices, including Shanghai and Ningbo, implementing a "check before shipment" model for consolidated cargo. Additionally, a return policy for cross-border retail exports will be tested at 20 customs offices nationwide.
These changes reduce administrative burdens, allowing companies to focus on logistics and service improvements. The "check before shipment" model enhances inspection accuracy and speeds up customs clearance, while the return policy simplifies processes and cuts logistics costs.