J&T Express has completed the vetting procedure prior to listing on the Hong Kong Stock Exchange.
Established in 2015 in Southeast Asia, J&T quickly rose to prominence as the largest delivery company in the region, capturing a substantial 22.5 percent market share by 2022. In 2020, J&T began its assault on the Chinese market. Over the past few years, despite operating at a loss, its market share and delivery volumes in China have steadily increased.
The E-commerce sector is the primary driver of J&T's global expansion through partnerships with online shopping platforms, including Shopee, Lazada, Pinduoduo, and Taobao.
In addition to J&T, which submitted its IPO application on June 16, two other delivery industry giants, SF Express and Cainiao, applied for listing in HK on August 21 and September 26, respectively.
