J&T Express listed on Hong Kong Stock Exchange
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E-mail China.org.cn, October 27, 2023
J&T Express, a global logistics service provider, was officially listed on the Main Board of the Hong Kong Stock Exchange on October 27. The issue price was HK$12 per share, with a market value of over HK$100 billion.
The net proceeds from the offering were about HK$3.528 billion.
The listing ceremony was attended by two senior executives and 13 frontline representatives from 13 countries. The 13 frontline representatives include express delivery workers, warehouse managers, transit center operators, customer service representatives, sales executives, and others from various positions.
J&T Express was founded in Indonesia in 2015 and has seized around 22.5% of market share in Southeast Asia. It has now deployed its delivery network in China, Singapore, Thailand, Malaysia, the United Arab Emirates, Brazil, and other countries.
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