Indonesia's J&T Express bags over $2b funding from Chinese investors: Report

Jakarta, Indonesia. Photo: Sopan Sopian/Pixabay

J&T Express, an express delivery company headquartered in Indonesia, has raised over $2 billion in a new funding round backed by Chinese PE giants Hillhouse Capital and Boyu Capital, as well as Sequoia Capital China, according to a report by The Information.

Citing sources, the report said that J&T’s pre-money valuation in the round stood at $6 billion.

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