Valuation of Approximately US$ 20 Billion.
J&T Express, a startup based in Indonesia, has achieved decacorn status. J&T Express is valued at $20 billion, or approximately Rp 285 trillion. Its worth is greater than Gojek's US$ 10.5 billion, or Rp 150 trillion.
J&T Express valuation reached US$ 20 billion, according to CB Insights data from 'The Complete List of Unicorn Companies.' In fact, the value in April was only US$ 7.8 billion.
J&T Express' Biggest Market Is China
J&T Express CEO Robin Lo admits that China is their largest market today. "People said it was impossible for us to enter the Chinese market in 2020. Why? Because, at the same time, China has grown to be the world's largest market, "said Robin Lo on Thursday (1/9/2022) at the NXC International Summit 2022.
According to Robil Lo, if J&T Express has a market in China, the rest of the world's population we serve totals around 1.2 billion people.
J&T Express Network Has Reached 13 Countries
J&T Express has expanded its global delivery network to 12 Asian and Latin American countries, which will be officially launched on May 24, 2022.
12 countries including Indonesia, Vietnam, Malaysia, Thailand, Philippines, Cambodia, Singapore, China, UAE, Saudi Arabia, Mexico and Brazil.
J&T Express Expands to Brazil
J&T Express officially resumed its expansion to Brazil's location in So Paulo on May 24, 2022. The launch is also a significant step forward for J&T Express in exploring markets in one of Latin America's largest economic regions.
According to Andy Wang, CEO of J&T Express Brazil, when compared to countries and regions with well-established e-commerce and logistics businesses, the Brazilian market is growing rapidly with significant opportunities for growth.
"Expansion to Brazil is part of a future global strategy to connect internationally with greater network efficiency," said Robil Lo on Wednesday (25/5/2022).
Source: inet.detik.com, liputan6.com, tekno.kompas.com, databoks.katadata.co.id, cbinsights.com, hurun.net