SF Express is in talks with J&T Express to invest in the latter with a stake of 1 percent or 2 percent, local media Latepost reported. The specific investment amount and cooperation details are still under discussion. Neither SF nor J&T replied to Jiemian News’ inquiry on the matter.
A month ago, J&T Express bought Fengwang Express, a subsidiary of SF Express that is dedicated to e-commerce delivery, with 1.18 billion yuan (US$164.6 million). While SF could rid the unprofitable business, J&T managed to get more market shares after acquiring Fengwang.
