In a landmark move for the global logistics industry, J&T Global Express and S.F. Holding have announced a strategic cross-shareholding agreement worth HKD 8.3 billion ($1.06 billion) to create a cutting-edge smart logistics ecosystem.
This deal, revealed on January 15, 2026, involves the mutual issuance of new shares, with J&T Express issuing 822 million Class B Shares to SF Holding and SF Holding issuing 226 million H Shares to J&T Express.
A New Era for Global Logistics
Upon completion, SF Holding will hold a 10% stake in J&T Express, while J&T Express will own approximately 4.29% of SF Holding, marking a significant step toward deeper collaboration.
The partnership aims to leverage the strengths of both companies—J&T’s expansive international network and SF Holding’s dominance in the Chinese market—to build a global smart logistics ecosystem.
Historical Context of Growth
J&T Express, founded in 2015 in Indonesia, has rapidly expanded to become a key player in Southeast Asia and beyond, handling over 30 billion parcels in 2025 with a year-on-year growth of 22.2% as reported by TechNode Global.
SF Holding, established in 1993, has solidified its position as a leader in China’s logistics and delivery sector, with a vast network and technological advancements driving its growth.
Impact on the Industry
The cross-shareholding deal is poised to reshape the global logistics landscape by integrating advanced technologies like AI, IoT, and automation to enhance supply chain efficiency.
This collaboration comes at a time when e-commerce is booming, particularly in Asia, creating unprecedented demand for faster and smarter delivery solutions.
Future Prospects and Challenges
Looking ahead, the partnership could set a new benchmark for cross-border logistics, potentially reducing costs and delivery times for businesses worldwide.
However, challenges such as regulatory hurdles across different regions and the integration of disparate systems may test the alliance’s resilience.
Industry analysts view this deal as a proactive response to the evolving needs of a digital economy, positioning both companies to lead in innovation and scalability.
As J&T Express and SF Holding embark on this transformative journey, the logistics sector watches closely for the ripple effects of this billion-dollar synergy.
Andrew Lee
