In our 100th episode of Impulso Podcast, we unpack China’s milestone of delivering 150 Billion parcels in just one year - that’s enough parcels to fill up 30 million football fields!

Tune in as we break down the numbers, explore the logistics behind this scale, and discuss:

• How goods sold at just ¥9.9 (with free shipping!) can still turn a profit

• Automation vs. human efficiency in handling millions of parcels daily

• Our first-hand observations from visit to one of China’s busiest logistics hubs

• The story of the 150 billionth parcel

Don’t forget to like, share, and subscribe for more insights into the trends shaping the consumer tech ecosystem. Stay tuned for upcoming episodes!

Chapters:

00:30:00: China sets new record: 150B parcels sent a year?!

00:03:30 Peak daily number of parcels delivered on just a random Tuesday?

00:06:45 11.11 hauls

00:08:20 Are Chinese brands profitable after selling goods at such low prices?

00:12:15 Logistics facility sends out 4 millions parcels a day

00:18:20 What was the 150B parcel?

Building on our discussion of Sea Groups Q3 earnings, this week we unpack Sea Group’s US$4.6B loan book, which has grown 30% QoQ while keeping non-performing loans low.

Tune in as we break down how Sea Money leverages Shopee’s customer data to assess credit risk, fueling growth for both its digital financial arm and Shopee, with BNPL services encouraging users to finance larger ticket items.

On the other hand, Grab’s loan book, although smaller—at just 10% of Sea’s loan book—has potential. While Grab’s user base skews more premium and its ride-hailing model sees fewer transactions than e-commerce, it’s steadily growing. With 41.9 million monthly transacting users and expanding services across income segments, Grab is creating new opportunities in digital finance.

Chapters:

00:00:37 SEAMoney’s US$4.6B loan book

00:04:00 How do tech players support lending?

00:06:20 SEA maintains a low non-performing loans (NPL)

00:12:28 Shopee Paylater boosts ecommerce growth

00:18:15 Does Grab’s financial services have potential?

Sea Group announced expectation-beating earnings in Q3, sending stock prices up by 10%. A key highlight? SPX Express.

Has Shopee’s in-house logistics arm finally caught up to J&T Express in parcel volume?

Join us as we dive into how Shopee’s investment in strengthening its in-house logistics is paying off, deepening its “moat” against rising e-commerce rivals such as TikTok Shop and Temu. But is this enough for Shopee to be invincible? (Probably not)

We’ll also explore Shopee’s latest pick-up lockers, and their potential on easing reverse logistics in the region and transforming the consumer experience.

Chapters:

00:00:10: Shopee’s expectation-beating Q3 earnings

00:01:30: SPX Express parcel volume on par with J&T?

00:05:45: J&T’s revenue per parcel is falling

00:09:40: Shopee is deepening its moat against competitors 00:14:00: Reverse logistics, the next step