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UK e-commerce falls month-on-month in May; European and American port operations pick up in May; waste plastics recyclable

Jun 16,2023

UK e-commerce spending falls 2.5 per cent month-on-month in May

Recently, Adobe released the UK Digital Economy Index data for May. According to the data, in May 2023, the total spending of British consumers on online shopping was 7.8 billion billion pounds, down 2.5 per cent month-on-month and 1.3 per cent year-on-year. The data also found a significant increase in ecommerce traffic from TikTok content, up 378 percent since January 2022.

TikTok Australia monthly live users reached 8.5 million

Recently, TikTok announced its user scale in Australia for the first time. According to the data, TikTok Australia has 8.5 million million monthly live users, equivalent to 30% of Australia's total population, including 350000 corporate accounts marketed through TikTok.

Operational efficiency picked up at major European and US ports in May

In May, the efficiency of major ports in Europe and the United States improved. Among them, the average number of days in the European port of Hamburg was 2.13 days, down 4.1 percent from the previous month; the average number of days in the port of Los Angeles, the main port of the United States, was 3.85 days, down 13.9 percent from the previous month; and the average number of days in the port of Long Beach was 4.57 days.

Wanhai Shipping's May revenue up 0.52 percent month-on-month

Recently, China's Taiwan shipping company Wanhai Shipping released the latest revenue data for May. Wanhai Shipping's revenue was NT $8.173 billion (about US $0.267 billion), up 0.52 percent from the previous month and down 67.41 percent from the previous year.

Baltic Dry Index:Up 0.47 percent at 1079 points

Xiaomi about $0.68 billion officially confiscated by India

A few days ago, the Indian Law Enforcement Agency (ED) issued a document stating that Xiaomi was suspected of violating the country's Foreign Exchange Management Act (FEMA) and "illegally transferring funds to foreign entities". The agency has issued formal notices to three banks including Xiaomi Technology India Private Limited, Xiaomi India Branch, some executives and Citi. Due to this accusation, the Indian authorities have previously seized a total of 55.51 billion rupees (about US $0.68 billion) of Xiaomi, which is currently priced at nearly 5 billion yuan.

Broadcom's second-quarter net profit up 34% year-on-year

Recently, Broadcom released the company's 2023 fiscal year second quarter earnings. According to the report, Broadcom's net revenue in the second quarter was $8.733 billion, up 8% from $8.103 billion in the same period last year, but down from $8.915 billion in the previous quarter, while net profit was $3.481 billion, up 34% from $2.59 billion in the same period last year.

Waste plastic can be recycled harmlessly

A few days ago, the team of Huang Fuqiang, chief researcher of the Shanghai Institute of Ceramics, Chinese Academy of Sciences, adopted a new room temperature dechlorination method to directly convert chlorine-containing waste plastics into a variety of high value-added new materials, successfully achieving efficient and harmless upgrading and recycling, which can be widely used in green Environmental protection, new energy storage, medical devices, wearable devices and other fields.

Interpretation of Opening Time, Cut-off and Replenishment Time, Cut-off Time and Cut-off and Release Time "Shipping Logistics | International Logistics | International Freight Forwarder | Guangzhou Freight Forwarder | Panyu Freight Forwarder | Hongde International

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