J&T Global Express

J&T Global Express is a global logistics operator that listed on the Hong Kong Stock Exchange main board on October 27, 2023, raising HK$3.528 billion in net proceeds at an offer price of HK$12 per share . Founded in Indonesia in 2015, the company expanded across Southeast Asia before entering China in 2020, and by 2023 its express delivery network covered 13 countries including markets in Latin America, the Middle East and North Africa . According to Frost & Sullivan data cited at the time of listing, it ranked first in Southeast Asia by parcel volume in 2022 and held a leading market position in China as well . Source Code Capital was among its investors . The company planned to use IPO proceeds to broaden its logistics network, upgrade infrastructure, and expand into new markets .