- Business
- J&T Global Express Limited (1519:HKG) is an investment holding company primarily engaged in the provision of integrated express delivery and global logistics services. The company offers parcel sorting, line-haul transportation, dispatching services, and related network management services; network services including system support, training, and general oversight; cash-on-delivery services; cross-border services encompassing cargo and parcel collection, transportation, warehousing, customs clearance, and dispatching; courier services; and sales of accessories such as J&T-branded packing supplies and apparel. It serves network partners, e-commerce platforms like Shopee, Lazada, Tokopedia, Pinduoduo, Taobao, and Tmall, enterprise customers, individual consumers, regional operating entities, and freight forwarders across its operations in 13 countries, including seven Southeast Asian nations (Indonesia, Vietnam, Malaysia, the Philippines, Thailand, Cambodia, and Singapore), China, and new markets in Saudi Arabia, the United Arab Emirates, Mexico, Brazil, and Egypt. Founded in 2015 and headquartered in Shanghai, China, at Room 1001, Block A, Tower 5, No. 1777 Hualong Road, Huaxin Town, Qingpu District, the company maintains approximately 19,100 outlets, 238 sorting centers, and over 11,900 line-haul vehicles, including more than 6,600 self-owned vehicles as of December 31, 2024. In 2024, J&T Global Express achieved global profitability for the first time, with parcel volume reaching 24.65 billion pieces, up 31.0% year-on-year, including 40.8% growth in Southeast Asia to secure a 28.6% market share, 29.1% growth in China, and 22.1% growth in new markets; it also handled over 100 million parcels in a single day during the 2024 Double 11 shopping festival. Recent developments include expanded partnerships with e-commerce platforms such as TikTok and Mercado Libre in Brazil and Mexico during the first half of 2025, the launch of its largest self-built logistics hub in China on October 30, 2025, spanning 65 acres, organizational restructuring to separate China and overseas operations with a new China region CEO appointment, 18 capacity expansions in Thailand ahead of the 2025 year-end peak season, proactive share repurchases of Class B shares in November 2025, and board changes in 2024 with the appointment of Peter Lai Hock Meng as an independent non-executive director and Audit Committee chairman on May 18, alongside joint company secretaries Quanxi Shang and Ching Kit Cheng on August 19.