J&T Express Raises $2.5 Billion at $20 Billion Valuation for Logistics Industry

J&T Express is a courier start-up from Indonesia that is engaged in logistics and package delivery. The company uses the system of automating sorting warehouses in Singapore and Indonesia. In 2018 and 2019 the start-up received Indonesian Top Brand Award.

In the latest round Boyu Capital, Hillhouse Capital Group, and Sequoia Capital China, Tencent Holdings took part. Among new investors were SIG China and Susquehanna International Group. J&T Express is planning to expand in China and Latin America.

J&T Express was founded in 2015 by Jet Lee and Tony Chen (senior executives of Oppo), in Indonesia. The CEO is Robin Lo. After launching in Indonesia, the company expanded to Malaysia and Vietnam in 2017. Then, in 2018-2019, in Thailand, Cambodia, the Philippines, and Singapore. In general, they have built a great logistic network in Southeast Asia targeting e-commerce businesses. COVID-19 pandemic situation helped the company increase its deliveries 2 times.

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