J&T Express Submits a Prospectus for Listing on the Hong Kong Stock Exchange
On June 16, the public announcement on the website of the Hong Kong Stock Exchange showed that J&T Express (Chinese: 极兔速递) had submitted a prospectus for listing on the Hong Kong Stock Exchange. The main body of the listing is called J&T Global Express Limited (Chinese: 极兔速递环球有限公司). According to the prospectus, in 2022, J&T Express had a market share of 10.9% with 12 billion express parcels, and an operating loss of approximately USD 606 million, USD 1.647 billion and USD 1.39 billion from 2020 to 2022, respectively. Among J&T Express's group of shareholders, SF Express holds about 1.54% of the total shares.
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