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J&T Express reportedly raising $1 billion from China's Tencent at a $20 billion valuation

J&T Express has grown significantly due to the rise of e-commerce.


J&T Express reportedly raising $1 billion from China's Tencent at a $20 billion valuation | BEAMSTART News

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J&T Express, one of the most prominent logistics companies in Southeast Asia, is poised to raise yet another gigantic round of funding.

The company is reportedly in talks to raise up to $1 billion from China tech giant, Tencent.

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This would bring J&T Express's valuation to $20 billion.

A fleet of J&T Express trucks.

J&T Express's staggering growth has been catalyzed by the rise of online shopping due to the global pandemic.

A large portion of the company's growth in Southeast Asia can also be attributed to shopping platforms like Shopee, which is now the e-commerce market leader in the region.

Moving forward, J&T Express aims to bring its logistics services to other countries, particularly the Middle East and Latin America.

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ABOUT THE AUTHOR

Alfred Lee

Journalist at BEAMSTART. I write about breaking business news in the region.

Based in Malaysia

Works at BEAMSTART

ALSO MENTIONED IN THIS POST


Tencent

Tencent is a Chinese internet service portal offering value-added internet, mobile, telecom, and online advertising services.

Industry:

Opportunities:


Shopee

Shopee is the leading eCommerce platform in Greater Southeast Asia.

Industry:


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