J&T Express

What J&T Express does

J&T Express is a global integrated logistics service provider founded in 2015 in Indonesia and headquartered in Shanghai, listed on the Hong Kong Stock Exchange main board since October 2023 under J&T Global Express Limited (极兔速递环球有限公司). The company operates an express delivery network spanning 13 countries — Indonesia, Vietnam, Malaysia, Philippines, Thailand, Cambodia, Singapore, China, Saudi Arabia, UAE, Mexico, Brazil, and Egypt — supported by 237 large-scale transit centers, 19,600 pick-up points, 8,500 network partners, and 400,000+ service personnel. Its core products are door-to-door Express Service (24/7/365), International Logistics covering Asia, Europe, Africa, the Americas and Oceania, and Cloud Warehouse fulfillment. The company is the top-ranked express delivery operator in Southeast Asia for six consecutive years with 34.4% market share, and recorded 30.1 billion parcels delivered in FY2025.

The technology stack centers on a proprietary Digital Intelligent Logistics Platform that handles inventory management, order tracking, and business analytics for enterprise customers, combined with physical automation including 73 automated sorting lines and 6,200 line-haul vehicles in Southeast Asia, 1,000+ autonomous delivery vehicles globally, and 173 cloud warehouses. Service differentiators include cash-on-delivery collection (critical in SEA e-commerce), 4-hour express in Singapore, customs guidance for cross-border shipments, and dedicated B2B value-added services such as proof-of-delivery collection, parcel insurance, agricultural specialty delivery, and reverse logistics.

J&T generates revenue primarily through per-parcel transaction fees on 30.1 billion annual deliveries (FY2025), supplemented by recurring cloud warehouse managed-services contracts and subscription-style customized B2B express solutions. Revenue streams are diversified across two customer segments — Corporate/B2B customers served via direct sales and a digital intelligent logistics platform, and Retail/B2C customers served through mobile app, website, hotline, and a high-density outlet network — with additional scale coming from channel partnerships with e-commerce platforms in Latin America and Southeast Asia. FY2025 revenue reached US$12.2 billion (up 18.5% YoY) with adjusted net profit of US$425 million (up 112.3% YoY), and the company achieved a record-low cost per parcel of US$0.28 in China.

Name

J&T Express

Legal name

J&T Global Express Limited (极兔速递环球有限公司)

Website

https://jtexpress.com

Company type

Public

Founded year

2015

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

J&T Express is a global integrated logistics company operating door-to-door express delivery, international logistics, and cloud warehouse services across 13 countries, serving B2B and B2C customers with a network of 237 transit centers and 400,000+ personnel, and ranking #1 in Southeast Asia with 34.4% market share.

Ownership category

akta.pro rank

Product category

Express Logistics and Delivery Services

NAICS

Couriers and Express Delivery Services (492110), Local Messengers and Local Delivery (492210), Freight Transportation Arrangement (488510)

SIC

Air Courier Services (4513), Trucking & Courier Services (No Air) (4210)

akta.pro primary industry

Integrated Express Parcel Carriers (Air + Ground) (THABAEAB)

akta.pro secondary industries

International Express (Time-Definite Cross-Border) (TLAAABAB), B2B / Wholesale Fulfillment Centers (TLALADAB)

Keywords

• Express delivery services
• Parcel logistics
• Cross-border freight
• Warehouse fulfillment
• E-commerce logistics

Headquarters

HQ city

Shanghai

HQ country

China

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Supply Chain, Infrastructure, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Express Delivery Services: Core express delivery services covering domestic and cross-border parcel delivery for both corporate and retail customers. Door-to-door services with 24/7/365 availability across 13 countries. The company crossed the 30-billion parcel volume milestone in 2025 with 30.1 billion parcels, representing the primary revenue driver.
2. International Logistics: Cross-border logistics and international freight services leveraging the company's global network spanning Asia, Europe, Africa, America and Oceania. New Markets (Saudi Arabia, UAE, Mexico, Brazil, Egypt) achieved first full-year profitability in 2025.
3. Cloud Warehouse Services: Warehousing and fulfillment services including cloud warehouse operations across global distribution networks, supporting B2B and B2C logistics needs.
4. Customized B2B Express Solutions: Tailored express solutions for business customers including proof-of-delivery collection, parcel insurance, agricultural specialty delivery, reverse logistics, and other value-added services.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

J&T Express operates a global integrated logistics network providing door-to-door express delivery and international freight services across 13 countries (China, Southeast Asia, Middle East, Latin America, Egypt). Core services include standard express parcel delivery for corporate and retail customers (24/7/365), cross-border logistics spanning Asia/Europe/Africa/Americas/Oceania, and cloud-based warehouse/fulfillment solutions. Value-added B2B services include proof-of-delivery collection, parcel insurance, agricultural specialty delivery, reverse logistics, and cash-on-delivery services.

Product overview

J&T Express is a global logistics service provider offering express delivery and international logistics as its core business operations. The company provides three main service offerings: Express Service (core door-to-door express delivery for domestic and international shipments), International Logistics (international freight services covering Asia, Europe, Africa, America and Oceania), and Cloud Warehouse (cloud-based storage and fulfillment services). The company operates across 13 countries including Indonesia, Vietnam, Malaysia, Philippines, Thailand, Cambodia, Singapore, China, Saudi Arabia, UAE, Mexico, Brazil, and Egypt, delivering integrated logistics solutions through its digital intelligent logistics platform to serve the world's largest and fastest growing e-commerce markets.

Differentiator

Problem solved

Functional benefit

Products and services

• Express Service Core door-to-door express delivery service providing safe, reliable, high-quality and efficient parcel shipping for corporate and retail customers with 24/7/365 availability and wide geographic coverage across 13 countries.
• International Logistics International freight and cross-border logistics services covering Asia, Europe, Africa, America and Oceania, enabling single door-to-door international express delivery with customs guidance and tracking.
• Cloud Warehouse Cloud-based warehouse and fulfillment services helping customers manage inventory, track business operations and reduce logistics costs, with 173 cloud warehouses distributed globally across China, Southeast Asia, Middle East, Europe and the Americas.

Quantifiable outcome

• 30.1 billion parcels delivered in FY2025, up 22.2% YoY
• +5 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• E-commerce platforms in Latin AmericacoreChannel Partner/ Reseller/ DistributorJ&T Express partners with e-commerce platforms in Latin America to scale its international express operations. The company's mature operating experience in China and Southeast Asia is being leveraged to support business expansion in Latin American markets through these platform partnerships.

Scale indicators19 records

Recent moves18 records

Expansion highlights6 records

Direct peers

• SF Express (顺丰控股): China's largest integrated express delivery and logistics company, offering domestic and international time-definite services with air + ground capability. Closest comparable to J&T's premium cross-border and express business, and the primary incumbent J&T competes against in the Chinese market.
• ZTO Express: One of China's largest express delivery companies by parcel volume, listed on NYSE and HKEX. Directly comparable on China parcel economics, franchise-style network partner model, and e-commerce-driven volume profile.
• Ninja Van: Singapore-headquartered last-mile and cross-border logistics player operating across Southeast Asia. Direct competitor in J&T's home Southeast Asia market with overlapping e-commerce platform relationships.
• YTO Express (圆通速递): Top-tier Chinese express delivery company with international expansion through YTO Global. Comparable to J&T in e-commerce-driven parcel mix, Southeast Asia footprint, and air-freight capability.
• STO Express (申通快递): Major Chinese express delivery operator with Alibaba-affiliated ownership. Closely comparable in volume scale, network-partner structure, and reliance on e-commerce platforms for parcel volume.
• Yunda Express (韵达股份): Top-5 Chinese express delivery company with similar e-commerce-driven parcel profile and franchise-partner operating model. Direct competitor in China domestic express.

Broad incumbents

• UPS: Global integrated express and logistics incumbent. Comparable in air + ground integrated network model and B2B/B2C mix, but concentrated in North America and Europe rather than Asia / emerging markets.
• FedEx: Global integrated express carrier with combined air + ground parcel operations comparable to J&T's integrated model. Differs in customer base (more enterprise/B2B) and geographic concentration (developed markets vs. J&T's emerging-markets focus).
• DHL Express: Global integrated express and logistics incumbent with extensive air and ground network. Overlaps with J&T's international cross-border express business but operates at much higher ASP/tier and serves a more enterprise-heavy customer mix.

Emerging players

• Lalamove: Asia-based on-demand intra-city delivery platform operating across Southeast Asia, China, and Latin America. Partial overlap with J&T on last-mile and SME/enterprise delivery in the same emerging-markets footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/jtexpressglobal
• LinkedInlinkedin.com/company/jtexpressglobal

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about J&T Express