Overseas‌ Weekly Report: Xiaomi, BYD, and Pagoda Expand Globally

New ‍Consumer Daily reported on September 7,‍ the ⁤main contents of this ‌week’s ‌cross-border ⁢expansion include: BYD continues to enter the Latin‌ American market; Chow⁢ Tai Fook Jewellery appoints general manager of international business; Shopee will build six⁣ new logistics​ centers.

Industry News

Lei Jun⁤ Hopes Xiaomi ‍and Africa Will Strengthen Cooperation in⁢ Emerging Fields

At the 8th China-Africa Entrepreneurs Conference, Lei Jun, founder, chairman and‍ CEO of Xiaomi Group, said that under a series of China-Africa‍ cooperation initiatives, Xiaomi has already started business in 16 African ⁤countries including Egypt, South Africa, Nigeria, Morocco, Algeria, and Kenya, and will increase ⁤investment in ⁣the African continent in the next step. Lei Jun said that Xiaomi hopes to have the opportunity to‍ strengthen cooperation with African companies in various emerging ⁣industries including new energy vehicles.

BYD Continues to Expand into Latin American Market

BYD Brazil business director Henrique Antunes said in Sao ​Paulo that the company aims to ‍rank fifth in the overall sales list of the Brazilian auto market by 2027. Data from Fenabrave, the⁢ auto dealers association, showed ⁣that from January to August 2024, the company’s sales in Brazil were 45,244 vehicles, with⁢ a market share of 3.78%.

Pagoda Officially Launched ⁢its C-end Overseas Expansion Plan with Indonesia as the First Stop

Zhu Qidong, senior ⁤vice president of Pagoda Group, president of TOB‌ business group and general manager of overseas store development business department, said that Pagoda will use the advantages ‍of the entire industry chain accumulated over more than 20 years, combined with⁢ the successful experience of B-end overseas expansion and careful market research, to officially launch the C-end overseas expansion plan, with ⁢Indonesia as the first stop. Pagoda plans to open its first store in the Indonesian market before the end of this year, focusing on creating the “Indonesian model”, and then promote it to other countries and regions after it matures.

Deep Blue Auto Signs Contract with AL TAYER​ MOTORS to Enter UAE Market

DeepBlue Auto announced that ⁢it has ⁢signed a strategic cooperation ⁢agreement with the UAE automobile ‌distribution ⁤group AL TAYER MOTORS on September 2 to jointly promote DeepBlue products into the UAE market. DeepBlue⁢ S7, Changan Qiyuan A05 and other models have been ⁣first unveiled at the ​UAE New Energy Vehicle ⁢and⁣ Intelligent Transportation Exhibition on April 30 this year.⁣ This ‌is also‍ the first appearance of Changan Automobile’s new ‌energy brand models ⁢in the Middle East.

Changan Automobile’s ‌Thailand New Energy Base is Expected⁣ to be Officially Put into Production in the ⁣First Quarter of Next ‌Year

Changan Automobile recently said in an institutional ​survey that in terms of overseas base construction,⁢ Changan Automobile’s first ‌overseas base,‍ the “Thailand New Energy Base”, is progressing⁤ smoothly according to the construction plan and⁣ is⁣ expected to be officially put into production ⁤in the first quarter of next year. At the same time, the company is demonstrating the construction of bases in Central and South America and Europe, and promoting the rapid and healthy development of new energy⁣ vehicles through globalization.

Huawei’s Global Innovation Product Launch Conference is Scheduled for September⁢ 19

Recently,⁣ Huawei’s official overseas account⁢ announced that the ​global innovative product launch conference will be officially held in Barcelona on September 19. Combined‍ with the current official information, it can be inferred that Huawei is about to release the WATCH GT 5 ‌series equipped with emotional health functions. According to the‌ latest market report released ⁢by IDC, Huawei’s wearable device⁣ shipments in the first half of 2024 increased by 55.1% year-on-year, ranking first in the world.

Tencent Cloud Announces International Business Results, with Overseas Customers Exceeding 10,000

On ​September ‌5, Tencent Cloud announced its international‌ business performance at the Tencent Global Digital Ecosystem Conference. As of now,​ Tencent Cloud has more than 10,000 overseas customers, and its international business has‌ maintained⁣ double-digit growth‌ for three consecutive years. In terms of overseas localization, Tencent⁢ Cloud’s revenue in the Asia-Pacific region increased by more than ‌50% year-on-year,‌ and its revenue in the Middle East increased by as much as ‍85% year-on-year.

JD.com ⁤Announced that its Global Sales Business has Expanded to the United States, Japan, Singapore and ‌Malaysia

On September 1, JD.com announced that its global sales business has expanded to the United States, Japan, Singapore and Malaysia. JD.com has set performance ​targets for this business⁢ expansion, hoping to increase orders by participating in overseas shopping festivals. In ​the​ future, JD.com plans to expand its global sales business to the European, North American⁢ and Oceania markets.

Chow‌ Tai Fook ⁢Jewellery​ Appoints General Manager of International Business to Strategically Expand Business in Southeast Asia and Globally

On September 4, Hong Kong ⁤Chow Tai Fook Jewellery Group appointed Gabriela Ferreira as General Manager of‌ International Business, reporting directly to the Group’s Managing Director, Wong Siu Kee. She ‌will be responsible for leading the strategic business expansion of Chow Tai Fook Jewellery in Southeast Asia and other⁤ international markets. Gabriela Ferreira was ​previously‍ the General Manager of Southeast Asia and Oceania for the‍ luxury brand LOEWE.

Shopee to Build Six New Logistics Centers

According to ⁢foreign media reports, ⁤Shopee announced that it will set up six logistics centers in⁣ Minas Gerais and Bahia, Brazil, to expand⁤ the last mile delivery range and speed up‌ delivery. Shopee did not disclose the ‍investment amount. In Minas Gerais, the new logistics centers are located in Barbacena, Uba and Extrema; in⁣ Bahia,⁢ the new centers are located in the ‍cities of Barreiras, Irese⁣ and Alagoinhas. In addition, Shopee currently has 19 logistics facilities in Minas Gerais and six⁢ logistics distribution centers in Bahia.

Investment and Financing News

Cross-border Logistics Provider Dongfang International Plans ⁢to List on Nasdaq

On September 5, China’s domestic and cross-border logistics provider Orient International ‍submitted an initial public offering application to the U.S. Securities and Exchange Commission, planning to list on the ⁣Nasdaq with‍ the stock code ELOG, raising ⁣up ‌to $7⁢ million, and intends to issue⁢ 1.6 million shares at a ⁤price ‌range of $4 to $5 per‌ share. Based on⁤ the midpoint of the proposed range, its market value⁢ will reach $54 million.

Industry Data at a Glance

In the First Half‌ of ⁤the Year, More⁢ than 720 Shanghai-Listed‍ Companies Achieved a 7% Year-on-Year Increase in Overseas Revenue

The ⁤Shanghai⁣ Stock Exchange released the 2024‌ semi-annual report of Shanghai-listed ⁢companies. In the first⁢ half of 2024, the overall performance of Shanghai-listed‌ companies remained stable, with a total operating income of 24.94 trillion yuan, basically ​the same as the previous year;⁣ net profit of 2.36 trillion yuan, a slight decrease of 1.4% year-on-year; net profit after deducting non-recurring items of 2.26‍ trillion yuan,⁤ a⁣ year-on-year increase of 0.3%. About 80% ⁢of the companies achieved profitability, of which more than 850 companies had a year-on-year increase in net profit, nearly 240​ companies had a net⁢ profit increase​ of ⁤more than​ 50%, ​more than 120 companies had an increase of​ more ⁤than 100%, and more than 110 companies turned losses into profits.​ In the first half⁣ of the year, more​ than 720 Shanghai-listed companies disclosed overseas business data, ⁤with a total overseas revenue of 2.95 trillion yuan, a year-on-year ⁢increase of ‍7%.

SHEIN‍ Becomes Germany’s Fourth ⁤Largest Clothing⁤ Brand

Recently, GlobalData released the latest “German Apparel⁢ Market in 2028” ‍report, which shows ‍that SHEIN has risen rapidly​ and has become the fourth ‍largest clothing brand in Germany, and is likely to move up one place in 2024. This is also the latest achievement of SHEIN’s own fashion brand in the ‌European⁣ market after it became the most popular fashion brand in‍ dozens of states​ in the United States and ⁢the third​ largest online fashion retailer in the United States.

Europe’s Smartphone Market​ Recovers for⁣ Two Consecutive Quarters

According to Counterpoint Research’s market monitoring report, in the second quarter of 2024, the European smartphone⁢ market recovered⁣ for two consecutive quarters, with shipments increasing ⁣by 10% year-on-year. ​This recovery is mainly attributed to​ continued macroeconomic improvements and the⁤ recovery of consumer demand. ‌Western Europe increased by 8% year-on-year, and Central and Eastern Europe increased by ⁢12% year-on-year.

European E-commerce Logistics Market is Expected ⁤to Reach $632.7 Billion in ‍2024

Recently, Parcel Monitor released its latest report on the European e-commerce logistics situation in the second quarter ​of 2024. The report shows that the ‍European⁢ e-commerce logistics market is expected to reach US$632.7 billion in 2024 and is expected to nearly double ⁣to US$977.4 billion in the next five years. ​This growth trend is attributed to the continuous increase⁢ in online consumers. It is expected that by the‍ end of this century, the number of online shopping users in Europe will reach 446.1 million.

Singapore’s E-commerce Market to Reach⁢ US$8.3 Billion

The latest research report​ points out ​that cross-border e-commerce ‍transactions in Singapore are developing rapidly. Although the local e-commerce market in⁣ Singapore is relatively small, two cross-border⁣ e-commerce giants, Shopee ⁢and Lazada, have taken root in the local market and expanded their influence to the entire Southeast Asia region. It is expected that by 2028, the size ⁢of Singapore’s e-commerce market will reach US$8.3 billion.