J&T Express
极兔
J&T Express (极兔速递) is a global logistics operator founded in Indonesia in 2015 by Jet Li, formerly OPPO's Indonesia head — it began as a delivery network built to support OPPO's local distribution before becoming a courier business in its own right . It expanded across Southeast Asia, entered China in 2020, and by 2022 had pushed into Latin America, the Middle East and North Africa, reaching 13 countries; by 2022 parcel volume it ranked as Southeast Asia's No. 1 express operator . In October 2023 it listed on the Hong Kong Stock Exchange main board (1519.HK) at HK$12 per share, raising net proceeds of about HK$3.53 billion . Its rise is tightly bound to Chinese cross-border e-commerce: in Mexico, for instance, it took all of SHEIN's local orders and roughly 60% of cross-border volume, and picked up Temu's orders when the platform entered in May 2023 . ATM Capital was its first institutional investor (backing it in 2017, a bet 暗涌Waves estimated returned at least US$700 million), with Source Code Capital and YiDa Capital also among its backers .
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Coverage
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A Conversation with Sam Guo: Staying Out of the Fray, but Keeping on Winning
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iMile aims to become a truly global logistics technology company. Not through simple business expansion, but by leveraging technology to rapidly integrate with local ecosystems in every market and deliver standardized, high-quality services.
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New rules will be born, one way or another.
J&T Express in Mexico: A Security Map for Every Employee | Dark Currents: World View
A courier company spent three years cracking the Mexican market.
Let's go to Mexico with Anyong | Waves Odyssey
Join us.
Chinese in Saudi Arabia: Flowers, Desert, and Dampened Dreams
A wavering journey of ambition.
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Saudi Arabia Invested in a Chinese Fund
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Southeast Asia Investment Finally Has a Success Story
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New Playbook for Going Global: From "Air Force" to "Marine Corps" | FreeS Research Institute · Going Global Series
From Europe and America to Southeast Asia: How Can Chinese Companies "Gang Up" to Go Global?
