UPS resumes pickup and delivery services in Shenzhen and Dongguan It is reported that UPS has issued an announcement stating that based on the latest announcements of the Shenzhen and Dongguan municipal governments on epidemic prevention and control, from March 21, 2022, UPS will resume export pickup and import delivery services in Shenzhen and Dongguan. However, in some zip code areas, due to the impact of local epidemic prevention and control measures, UPS will still make temporary adjustments to the pickup and delivery service. Maersk, MSC and other shipping companies have changed many routes It is reported that MSC plans to cancel multiple voyages to Shanghai and Ningbo in weeks 14, 15 and 16. But customers can make reservations as MSC arranges contingency plans for other services. All shipments from Ningbo, Shanghai, Xiamen, Yantian and Tanjung Pelepas will be delivered by alternative service. Maersk has adjusted the sailing schedules of several routes. And MOSCOW (voyage 214W) will withdraw from the AE55 route service. From April 1, most ocean carriers in Northern Europe will add a 25% bunker surcharge to their shipping costs on their routes. Port of Los Angeles/Long Beach to impose new port charges starting April 1 It is reported that the Port of Long Beach and the Port of Los Angeles will levy a clean truck fund fee of $10/TEU for import and export cargo containers hauled by trailers when entering and leaving the container terminal on April 1. The toll was approved by the Los Angeles Port Authority in early November. It is understood that the Clean Truck Fund will generate up to $90 million in the first year to accelerate the development of clean truck zero-emission technologies. The Ports of Long Beach and Los Angeles have both selected a private company, PortCheck, to collect CTF fees. The fee will expire on December 31, 2034. “Qianjiang Network” received tens of millions of yuan in Pre-A round of financing It is reported that “Qianjiang Network”, a one-stop marketing digital solution service provider, has recently completed a Pre-A round of financing of tens of millions of yuan. This round of financing was invested by listed companies. The financing funds will be used for product research and development, market expansion and channel expansion. South Korea’s Lotte to close China headquarters According to reports, South Korea’s Lotte recently announced that it will close its headquarters in China in the first half of this year, and will subsequently increase investment in Southeast Asian countries. The relevant person in charge of Lotte Group said, “We have been discussing liquidation matters since the end of 2021, and it is expected that the China headquarters will be dissolved after the administrative procedures are completed in the first half of this year.” DTC luxury brand Me+Em raises £55m Recently, British DTC fashion luxury brand Me+Em announced that it has raised £55 million in the latest round of financing led by Highland Europe. Growth investor Highland Europe, behind Matches Fashion, Threads and Huel, led the round, with participation from TalkTalk executive chairman Sir Charles Dunstone CVO and early Revolut backer Charlotte Tilbury’s Venrex Investment Management. VAT rate change on Shopee Indonesia site Recently, Shopee issued a notice saying that according to the regulations of the Indonesian government, the value-added tax will be changed from 10% of the original tax rate to 11% for goods arriving at Indonesian customs for customs clearance from April 1, 2022. Therefore, Shopee will update the value-added tax rate on March 24, 2022, when the price of goods at the front desk of the Indonesian site will be adjusted uniformly. This tax rate adjustment will be borne by the buyer, and the seller does not need to change the price or pay any fees. Sellers can adjust marketing tools such as coupons, add-on discounts, package discounts, etc. at their discretion. TikTok Shop traffic supports cross-border e-commerce authors Recently, TikTok Shop announced the support policy for cross-border e-commerce authors from March to April. For “Mengxin accounts”, the platform will provide cold start traffic support and official operation guidance. For “growth accounts”, applications for traffic incentives will be made according to the GMV target; at the same time, if the corresponding conditions are met, cash subsidies can be obtained on a per-event basis. For “excellent accounts”, while applying for traffic incentives according to the GMV target, cash subsidies will also be made according to the incremental ratio of the account in March-April and January-February, up to a maximum of USD 60,000.
