J&T Express
J&T Express is a Hong Kong-listed global express delivery company operating a parcel network across 13 countries in Southeast Asia, China, MENA, and Latin America, serving e-commerce platforms, online retailers, and consumers with 30.1 billion parcels handled in FY2025.
- Company typePublic
- Founded2015
- HeadquartersJakarta, Indonesia
- Headcount5,001–10,000
- GTM type—
- OfferingServices
What J&T Express does
J&T Express is a global express delivery and logistics company founded in 2015 in Jakarta, Indonesia by Jet Lee (former Oppo CEO) and Tony Chen (Oppo founder), publicly listed on the Hong Kong Stock Exchange since October 2023 as J&T Global Express Limited. The company operates a technology-enabled parcel delivery network across 13 countries spanning Southeast Asia (Indonesia, Singapore, Malaysia, Philippines), China, the Middle East (Saudi Arabia, UAE, Egypt), and Latin America (Mexico, Brazil), processing more than 80 million parcels per day and 30.1 billion parcels globally in FY2025. Logistics infrastructure includes 73 automated sorting lines and 6,200 line-haul vehicles in Southeast Asia, plus the 320,000sqm Greater Bay Area Digital Supply Chain Industrial Park in Southern China operational since October 30, 2025; cross-border capability was added in January 2026 via a HKD 8.3 billion (US$1.06 billion) cross-shareholding agreement with SF Holding.
The company generates transaction-fee revenue from domestic and cross-border parcel delivery for e-commerce platforms (Lazada, Shopee, TikTok Shop), online retailers, and individual consumers across both B2B and B2C shipping use cases. FY2025 revenue reached US$12.2 billion (+18.5% YoY), with adjusted net profit of US$425 million (+112.3% YoY) and Southeast Asia adjusted EBIT of US$538 million (+77.5%); Q1 2026 parcel volume of 8.326 billion was up 26.2% YoY, with Southeast Asia up 79.9% and New Markets (MENA, Latin America) up 100.5%. J&T holds the top-ranked express delivery position in Southeast Asia for six consecutive years with 34.4% market share and operates with a China cost per parcel at a record low of US$0.28.
The company has scaled through both organic geographic expansion and the US$1.1 billion acquisition of BEST Inc.'s China express delivery business in Q1 2022, supported by a US$2.5 billion 2021 funding round at a US$20 billion valuation from Boyu Capital, Hillhouse Capital, Sequoia Capital China, Tencent, and SIG China, and a HK$4.7 billion convertible bond issuance completed in January 2026 for overseas and technology expansion. Strategic positioning targets integrated end-to-end logistics for Chinese companies expanding internationally and broader e-commerce volume growth across emerging markets, with consideration of a potential Saudi Stock Exchange listing.
J&T Express firmographics
Firmographics- Name
- J&T Express
- Legal name
- J&T Global Express Limited
- Website
- https://jet.co.id
- Company type
- Public
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- J&T Express is a Hong Kong-listed global express delivery company operating a parcel network across 13 countries in Southeast Asia, China, MENA, and Latin America, serving e-commerce platforms, online retailers, and consumers with 30.1 billion parcels handled in FY2025.
- Ownership category
- akta.pro rank
J&T Express industry classification
Industry- Product category
- Express Logistics and Parcel Delivery
- NAICS
- Couriers and Express Delivery Services (492110), Couriers and Express Delivery Services (4921), Freight Transportation Arrangement (488510)
- SIC
- Trucking & Courier Services (No Air) (4210), Arrangement Of Transportation Of Freight & Cargo (4731)
- akta.pro primary industry
- International Express (Time-Definite Cross-Border) (TLAAABAB)
- akta.pro secondary industries
- Cross-Border E-commerce Parcel (DDP/Delivered Duty Paid) (TLAAANAD), Cross-Border Final-Mile Partner Networks & Delivery Management (TLACAKAH)
Keywords
Where J&T Express is headquartered
LocationHeadquarters
- HQ city
- Jakarta
- HQ country
- Indonesia
- HQ region
- Asia
Offices4 records
Markets served
J&T Express business model
Business model- Offering type
- Services
- Cost components
- Operations, Personnel, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales
Revenue model
- Express Delivery Services: Core revenue from domestic and international parcel delivery services for e-commerce platforms, online retailers, and individual consumers. Revenue grew 18.5% YoY to US$12.2 billion in FY2025, driven by 22.2% growth in global parcel volume to 30.1 billion parcels.
- Cross-border Logistics: International parcel delivery services supporting cross-border e-commerce, with capabilities enhanced through the SF Holding strategic partnership for first-mile and line-haul cross-border operations.
- Regional Market Services: Services provided across 13 countries including Southeast Asia, China, MENA region, and Latin America, with market-specific operations generating revenue from same-day, next-day, and standard delivery services.
Go-to-market motion3 records
Distribution channels3 records
J&T Express product offering
Product offeringCore offering
J&T Express operates a global express delivery and logistics network providing domestic and cross-border parcel delivery services across 13 countries in Southeast Asia, China, the Middle East, and Latin America. The company processed 30.1 billion parcels in FY2025, offering same-day, next-day, and standard delivery options supported by 73 automated sorting lines and 6,200 line-haul vehicles in Southeast Asia alone. Core services include first-mile pickup, inter-city line-haul transport, automated sorting, and last-mile delivery to e-commerce platforms, online retailers, and individual consumers.
Product overview
J&T Express is a global logistics and express delivery company that operates as a single unified service platform. The company provides domestic and cross-border express delivery, last-mile delivery network, and logistics infrastructure across 13 countries including Southeast Asia, China, Middle East (Saudi Arabia, UAE), Latin America (Mexico, Brazil), and Egypt. The company handles over 80 million parcels daily as of mid-2025, with total parcel volume reaching 30.1 billion in FY2025. Infrastructure includes the Greater Bay Area Digital Supply Chain Industrial Park, automated sorting lines, and line-haul vehicles supporting operations across all markets.
Differentiator
Problem solved
Functional benefit
Products and services
- Domestic Express Delivery Services Same-day, next-day, and standard parcel delivery services provided through J&T Express's owned network of automated sorting lines, line-haul vehicles, and last-mile delivery infrastructure within countries across Southeast Asia, China, MENA, and Latin America. The service is offered to e-commerce platforms, online retailers, and individual consumers, with FY2025 global parcel volume reaching 30.1 billion.
- Cross-border Logistics Services International parcel delivery services supporting cross-border e-commerce flows, with first-mile pickup in origin country, line-haul international transport, and last-mile delivery in destination market. Capabilities are enhanced through the SF Holding strategic cross-shareholding agreement (HKD 8.3 billion) that integrates J&T's 13-country last-mile network with SF Holding's cross-border first-mile and line-haul capabilities, particularly serving Chinese companies expanding overseas.
- Last-mile Delivery Network Owned last-mile delivery operations serving individual consumers, small merchants, and enterprise e-commerce recipients across 13 countries, with 80 million parcels per day capacity as of mid-2025. Service is accessed via local pickup and delivery points, supported by J&T's mobile application for shipment creation and real-time tracking.
Quantifiable outcome
- Southeast Asia market share expanded to 34.4%, maintaining top-ranked position for six consecutive years
- +9 more outcomes
Companies that use J&T Express
Customer profileSegments2 records
Ideal customer profiles3 records
J&T Express technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
J&T Express partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- SF HoldingflagshipStrategic cross-shareholding agreement worth approximately HKD 8.3 billion (US$1.06 billion). SF Holding acquired a 10% stake in J&T Express through 822 million Class B shares at HK$10.10 per share, while J&T Express acquired approximately 4.29% stake in SF Holding through 226 million H shares at HK$36.74 per share. The partnership integrates J&T's last-mile network spanning 13 countries with SF Holding's cross-border first-mile and line-haul capabilities to build a comprehensive global smart logistics network serving Chinese companies expanding overseas. The deal requires shareholder, regulatory, and competition authority approvals by a Long Stop Date nine months from signing.
Scale indicators15 records
Recent moves9 records
Expansion highlights6 records
J&T Express competitors and assessment
Company assessmentDirect peers
- SF Express: China's largest integrated express delivery company and J&T's strategic cross-shareholding partner (US$1.06B deal). Directly comparable on express parcel, cross-border logistics, and Asia network scale — and now formally intertwined with J&T via mutual equity stakes.
- ZTO Express: Largest parcel volume express carrier in China and US-listed (NYSE: ZTO). Directly competes with J&T in China on cost per parcel and network density, making it the most direct unit-economic comparable.
- YTO Express: Top-five China express delivery carrier with cross-border ambitions and Alibaba/Yunfeng backing. Competes head-to-head with J&T in China e-commerce parcel volume.
- STO Express: Major Chinese express delivery player with Alibaba affiliation. Directly comparable on domestic China e-commerce parcel operations and pricing dynamics.
- Cainiao Network: Alibaba's logistics arm, operating cross-border and last-mile delivery globally. Competitor for cross-border e-commerce flows and a key counterparty in the Southeast Asia parcel ecosystem J&T serves.
- Ninja Van: Singapore-headquartered last-mile express carrier across Southeast Asia. Directly competes with J&T for regional e-commerce parcel volume in Indonesia, Malaysia, Vietnam, Philippines, Singapore, and Thailand.
Broad incumbents
- DHL Express: Global integrated express and logistics incumbent. Overlaps with J&T on cross-border time-definite parcel services but operates a much broader portfolio including freight, supply chain, and eCommerce solutions.
- FedEx: Global integrated air-and-ground express incumbent. Comparable on time-definite international parcel services, though J&T is more e-commerce-skewed and Asia-anchored.
Regional players
- Aramex: Middle East-headquartered express and logistics carrier with strong MENA presence. Directly comparable to J&T's New Markets (MENA) expansion, especially in Saudi Arabia and UAE.
- Mercado Envios: Logistics arm of Mercado Libre, the dominant Latin American e-commerce platform. Competes with J&T in Brazil and Mexico, where J&T is actively expanding, particularly for cross-border flows from China.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
J&T Express social profiles
Digital presenceJ&T Express financial estimates
Financial estimateRevenue estimate
Valuation estimate
J&T Express leadership team
Management profileNumber of profiles
Profiles3 records
J&T Express subsidiaries and ownership
Company hierarchySubsidiaries1 record
J&T Express funding detail
Funding detailFunding overview
Funding rounds5 records
Investors10 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
J&T Express M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about J&T Express
What does J&T Express do?
J&T Express operates a global express delivery and logistics network providing domestic and cross-border parcel delivery services across 13 countries in Southeast Asia, China, the Middle East, and Latin America. The company processed 30.1 billion parcels in FY2025, offering same-day, next-day, and standard delivery options supported by 73 automated sorting lines and 6,200 line-haul vehicles in Southeast Asia alone. Core services include first-mile pickup, inter-city line-haul transport, automated sorting, and last-mile delivery to e-commerce platforms, online retailers, and individual consumers.
Is J&T Express a public or private company?
J&T Express is a public company. It is classified as public and is currently operating.
When was J&T Express founded?
J&T Express was founded in 2015. It employs 5,001 to 10,000 people.
Where is J&T Express based?
J&T Express is headquartered in Jakarta, Indonesia, in the Asia region.
How does J&T Express make money?
Three revenue lines are on record. Express Delivery Services are the primary driver. The others are cross-border Logistics and regional Market Services.
Who are J&T Express's main competitors?
Direct peers on record are SF Express, ZTO Express, YTO Express, STO Express, Cainiao Network and Ninja Van. Broad incumbents are DHL Express and FedEx. Regional players are Aramex and Mercado Envios.
Does J&T Express have an API?
No public API is recorded for J&T Express.
What industry is J&T Express in?
J&T Express's product category is Express Logistics and Parcel Delivery. Its primary akta.pro industry code is TLAAABAB, International Express (Time-Definite Cross-Border), with a secondary code of TLAAANAD, Cross-Border E-commerce Parcel (DDP/Delivered Duty Paid). Its NAICS code is 492110 and its SIC code is 4210.