Approximately $20 billion valuation.
J&T Express, a startup based in Indonesia, has achieved decacorn status. J&T Express is valued at $20 billion, or roughly Rs 285 trillion. Its value exceeds 10.5 billion Gojek dollars, or 150 trillion rupees.
According to CB Insights data from “The Complete List of Unicorn Companies”, J&T Express’s valuation has reached $20 billion. In fact, in April the worth was only $7.8 billion.
J&T Express’s largest market is China
J&T Express CEO Robin Lo admits that China is their largest market today. “People said we couldn’t enter the Chinese market in 2020. Why? Because at the same time, China has become the largest market in the world,” said Robin Lo on Thursday (September 1, 2022) in the course of the NXC International Summit 2022 conference.
According to Robil Lo, if J&T Express has a market in China, the remainder of the worldwide population we serve is about 1.2 billion people.
The J&T Express network has reached 13 countries
J&T Express has expanded its global delivery network to 12 countries in Asia and Latin America, which can be officially launched on May 24, 2022.
12 countries including Indonesia, Vietnam, Malaysia, Thailand, Philippines, Cambodia, Singapore, China, United Arab Emirates, Saudi Arabia, Mexico and Brazil.
J&T Express expands operations to Brazil
J&T Express officially resumed its expansion into its Brazilian location in So Paulo on May 24, 2022. The launch also represents a major step forward for J&T Express in exploring markets in certainly one of Latin America’s largest economic regions.
According to Andy Wang, CEO of J&T Express Brazil, in comparison with countries and regions with established e-commerce and logistics businesses, the Brazilian market is growing rapidly and offers significant growth opportunities.
“The expansion into Brazil is part of a future global strategy to create international connections with greater network efficiency,” said Robil Lo on Wednesday (25/05/2022).
Source: inet.detik.com, liputan6.com, tekno.kompas.com, databoks.katadata.co.id, cbinsights.com, hurun.net
