J&T Express, a leading ecommerce logistics company in Southeast Asia & China, filed its draft IPO prospectus to Hong Kong Stock Exchange on 16 June 2023.
The Application Proof, as the substantially-complete draft IPO prospectus is called, gives a glimpse into J&T’s business operations, financials, competitive standing and shareholders.
We have put together some highlights of the prospectus which we think are quite relevant to stakeholders of Southeast Asia’s ecommerce ecosystem.
Some of the highlights here:
J&T delivered >14.5 billion parcels in 2022, mostly in China
J&T leads in Southeast Asia, while market in China is a tough fight
Shopee remains top customer, with TikTok Shop catching up fast
J&T founder Jet Lee, Tencent, Boyu and ATM Capital are top shareholders
You can download the document, J&T Express – Highlights of draft IPO prospectus, here.
You can also find more sustainable insights from Momentum Works’s Ecommerce in Southeast Asia & Who is J&T reports.
