1. State Post Bureau: Monthly Express Delivery Volume Exceeding 10 Billion Pieces Has Become the Norm
On October 10, the State Post Bureau stated at the 2023 third quarter industry operation scheduling meeting and the second batch of thematic education promotion meeting that since the beginning of this year, the postal industry has been operating at a high level, with major indicators maintaining double-digit growth. Monthly express delivery volumes exceeding 10 billion pieces have become the norm, making a positive contribution to the comprehensive construction of a modern socialist country.
Commentary: The express delivery industry continues to develop rapidly, providing strong momentum for economic growth. With the widespread adoption of e-commerce and the internet, monthly express delivery volumes exceeding 10 billion pieces have become a norm, indicating robust growth in the industry. The rapid increase in express delivery volumes is partly due to the expansion of e-commerce platforms and the convenience of online shopping, reflecting the growing dependence on express services. This growth drives economic development, creates numerous job opportunities, and promotes related industries such as logistics, e-commerce, and finance.
2. JD Express Officially Announces Service Upgrade: “Compensation Guaranteed if Not Picked Up Within 1 Hour” and “Compensation Guaranteed for Any Delay”
On October 10, JD Express officially announced service upgrades, including three service commitments: “compensation guaranteed if not picked up within 1 hour,” “compensation guaranteed for any delay,” and “compensation guaranteed if delivery is not made to the door.” According to a reporter from “National Business Daily,” the “compensation guaranteed if not delivered to the door” commitment primarily targets the delivery phase, but JD Express extends this to the pickup phase, emphasizing the “compensation guaranteed if not picked up within 1 hour” service. Additionally, there is a full-process timeliness commitment to compensate for delays after the pickup begins (limited to express products—Express Delivery, Fresh Express). Currently, the promise of compensation for pickup and delivery not made to the door covers 50 cities, including Beijing, Shanghai, Shenzhen, and Urumqi.
Commentary: The upgrade in express services further protects consumer interests. JD Express’s new commitments signify a stronger focus on consumer interests in service quality. The “compensation guaranteed if not picked up within 1 hour” commitment provides faster express services while ensuring the safety of consumer goods. The “compensation guaranteed for any delay” commitment promises timeliness throughout the process, compensating for orders exceeding the time limit, thus improving logistics efficiency and reducing consumer wait time. The “compensation guaranteed if delivery is not made to the door” commitment enhances the delivery phase, further safeguarding consumer rights.
3. SF Express Offers Same-Day Delivery Service for Hong Kong Users
On October 10, SF Express announced a comprehensive upgrade to its cross-border consolidation and transfer platform, “SF Consolidation,” providing Hong Kong users with a “door-to-door, fastest same-day delivery” service experience. SF Express stated that packages ordered on mainland Chinese online platforms and consolidated before 10 a.m. could be delivered to the door in Hong Kong the same day, meaning users can consolidate packages on their way to work and receive them when they return home in the evening. Packages consolidated after 10 a.m. can also be delivered the next day, significantly speeding up delivery times. SF Express can provide door-to-door delivery service across Hong Kong without additional residential surcharges. Currently, SF Express has over 1,500 business outlets, SF stations, smart lockers, and partner convenience stores in Hong Kong, covering all residential and commercial areas.
Commentary: SF Express accelerates its layout in the cross-border logistics market. The announcement of “door-to-door, fastest same-day delivery” service for Hong Kong users is significant for the cross-border logistics market. Due to Hong Kong’s unique geographical position, logistics services need to be efficient, safe, and reliable. SF Express optimizes the logistics chain and improves service quality to meet the demand for quick and convenient logistics services in the region.
4. Juyi Group Reaches Long-term Strategic Partnership with Pierre Fabre Group
On October 10, a reporter from “National Business Daily” learned from Juyi Group that the company and France’s Pierre Fabre Group announced a long-term strategic partnership based on the “René Furterer” brand. René Furterer is a high-end dermatological hair and scalp care brand under Pierre Fabre. According to the agreement, Juyi will be fully responsible for the brand’s business in China in the long term. This cooperation agreement will take effect on January 1, 2024.
Commentary: A new landscape in the Chinese hair care market. This cooperation will have a profound impact on the Chinese hair care market, potentially driving technological innovation and quality improvement in the sector.
5. Douyin Registers Software Copyright for Mid-Length Video App
On October 10, Tianyancha App showed that on October 9, Beijing Weibo Vision Technology Co., Ltd. received registration approval for the software copyright of the “Douyin Selection APP,” with the current version number V2.0. According to media reports, Douyin’s mid-length video app “Qingtao” has recently been renamed “Douyin Selection.”
Commentary: This move indicates Douyin’s plans to enter the mid-length video market. With changing user demands and increasingly rich video content, the mid-length video market has broad prospects. Douyin aims to seize this market opportunity by providing diverse video content to enhance user experience and engagement. Additionally, Douyin’s large user base and strong content distribution capabilities provide favorable conditions for its expansion into the mid-length video market.
6. Didi Enterprise Version: 39 New Central and State-Owned Enterprises Signed in 2023, Corporate Travel Demand Gradually Recovers
Data from Didi Enterprise Version shows that corporate travel demand has been gradually recovering since September. Didi Enterprise Version’s order volume has recently fully returned to pre-pandemic levels. This year, many enterprises, including 39 central and state-owned enterprises, have joined Didi Enterprise Version. Data shows that in September, overall corporate travel demand increased by about 13.5% month-on-month compared to August. Among them, air ticket bookings increased by 13.1%, train ticket bookings by 17%, and hotel check-ins by 12.4%. Dalian, Changsha, and Shijiazhuang became the top three cities with the fastest-growing travel demand during this travel peak season.
Commentary: Corporate travel demand has returned to pre-pandemic levels, and the corporate travel market has promising prospects. Didi Enterprise Version has made significant progress in cooperating with central and state-owned enterprises, with corporate travel demand gradually strengthening. This trend may indicate a recovery in corporate travel demand, positively impacting Didi Enterprise Version’s development. Additionally, the inclusion of central and state-owned enterprises may bring more resources and opportunities to Didi Enterprise Version.
7. Mixue Bingcheng Responds to IPO Rumors: No Comment on Online Speculation
According to Cailian Press, there are rumors that Mixue Bingcheng plans to conduct an IPO in Hong Kong next year, raising about $1 billion. In response, Mixue Bingcheng told Cailian Press reporters that it would not comment on online speculation.
Commentary: The news involves rumors of Mixue Bingcheng planning an IPO in Hong Kong next year, but the company has chosen not to comment. This may indicate some uncertainty or consideration regarding the IPO plan. This news could spark market attention and discussion about Mixue Bingcheng’s business model and development prospects. Although the company has not directly responded to the matter, this news undoubtedly brings more speculation to the market.
Cited from https://finance.eastmoney.com/a/202310112866189698.html
Post time: Aug-06-2024