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///LATE STAGE • Sociolla • US$ 250M • Commerce///POLICY • Gold Export Duties: Progressive Reference-Price Ladder Kicks In///SERIES A • Hangry • US$ 10.5M • F&B///POLICY • Coal Export Tax 2026: Indonesia Signals a New Resource-Rent Phase///SERIES B • Honest • Undisclosed • Fintech///POLICY • Export FX Repatriation: Proceeds Routed Through State Banks From 2026///SEED • Arummi Foods • US$ 2M • F&B///POLICY • OJK POJK 4/2025: Financial Aggregators Move Into a Licensing Regime///PRE-SEED • IDRX • US$ 300k • Web3///POLICY • Finfluencer Rules: OJK Tightens Conduct Around Securities Marketing///SERIES C • Yup • US$ 32M • Fintech///POLICY • Dormant Accounts: New Standardization Changes Bank Data and Ops///LATE STAGE • Sociolla • US$ 250M • Commerce///POLICY • Gold Export Duties: Progressive Reference-Price Ladder Kicks In///SERIES A • Hangry • US$ 10.5M • F&B///POLICY • Coal Export Tax 2026: Indonesia Signals a New Resource-Rent Phase///SERIES B • Honest • Undisclosed • Fintech///POLICY • Export FX Repatriation: Proceeds Routed Through State Banks From 2026///SEED • Arummi Foods • US$ 2M • F&B///POLICY • OJK POJK 4/2025: Financial Aggregators Move Into a Licensing Regime///PRE-SEED • IDRX • US$ 300k • Web3///POLICY • Finfluencer Rules: OJK Tightens Conduct Around Securities Marketing///SERIES C • Yup • US$ 32M • Fintech///POLICY • Dormant Accounts: New Standardization Changes Bank Data and Ops
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J&T ExpressPublic (HKEX: 9618)
Jakarta| Est. 2015
Public (HKEX: 9618)
J&T operates an express parcel delivery network with automated sorting warehouses using a direct operation plus franchise agent hybrid model. Core revenue derives from per-parcel fees based on weight and distance, with bulk contracts serving Shopee, Tokopedia, and Bukalapak. The company IPO'd on Hong Kong Stock Exchange in October 2023.
Investment Thesis
"Captures Indonesia's e-commerce logistics explosion (50%+ YoY parcel growth) in a market where geography (17,000 islands) creates natural barriers to entry. Founders' deep OPPO distribution expertise enabled rapid network buildout."
Recent Signals
- 01Hong Kong IPO October 2023.
- 02Acquired BEST Inc. China operations ($968M).
- 03Operations in 13 countries with 183,000+ employees.
- 04$10.9B TTM revenue.
Key People
- JJet Lee
- TTony Chen
Cap Table
TencentBoyu CapitalHillhouse CapitalSequoia Capital ChinaTemasekSIG
Similar Companies
Verified Funding History
| Round | Date | Amount | Participating Investors |
|---|---|---|---|
| Late Stage | Nov 2021 | US$ 2.5B | Boyu Capital, Hillhouse, Sequoia China, Tencent |
| Late Stage | Apr 2021 | US$ 1.8B | Boyu Capital, Sequoia China, Hillhouse Capital |
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