#Hong Kong #Logistics Innovation #J&T Global #SF Holding

J&T Global Express and SF Holding Partner for Global Logistics Innovation

Introduction
In a significant move for the logistics industry, J&T Global Express, a prominent logistics operator, and S.F. Holding Co., Ltd. have jointly announced a strategic cross-shareholding agreement. This partnership aims to redefine the global logistics landscape by creating a more integrated and efficient operational framework. With an investment of approximately HKD 8.3 billion, both companies are set to enhance their service offerings in a rapidly evolving e-commerce environment.

Details of the Partnership
Under the terms of the agreement, J&T Express will issue 822 million Class B shares to SF Holding at a price of HKD 10.10 per share. In return, SF Holding will provide 226 million H Shares to J&T Express, priced at HKD 36.74 each. This collaborative initiative means that SF Holding will acquire a 10% stake in J&T Express, while approximately 4.29% of SF Holding will be held by J&T Express.

Strategic Benefits
The primary objective of this strategic partnership is to merge the unique resources of both companies, thereby enhancing their capabilities to serve customers better. J&T Global Express, with its extensive last-mile delivery network across 13 countries, complements SF Holding’s robust infrastructure focused on cross-border logistics. By combining these strengths, the partnership aims to enhance end-to-end logistics solutions that are crucial for Chinese enterprises seeking global expansion.

The integration will facilitate better coverage in the logistics market, particularly in the context of cross-border e-commerce, which is becoming increasingly vital. As the demand for integrated logistics solutions surges globally, this partnership is strategically poised to meet the challenges ahead, enabling both companies to leverage each other's networks and operational expertise.

Quotes from Leadership
In their joint statement, Jet Lee, founder of J&T Express, and Wang Wei, founder of SF Holding, emphasized the importance of this agreement. They highlighted how this collaboration elevates their longstanding operational relationship to a strategic partnership aimed at building a more efficient global logistics network. They expressed optimism towards capitalizing on the opportunities presented by the growth of Chinese businesses entering international markets and the rise of cross-border e-commerce.

About J&T Global Express
Founded in 2015, J&T Express has quickly established itself as a key player in the logistics industry, particularly in Southeast Asia and China. Spanning thirteen countries—including Indonesia, Vietnam, and Brazil—the company is committed to delivering customer-oriented logistics services supported by intelligent infrastructure. Their focus lies in seamlessly connecting global markets, ensuring they remain at the forefront of the logistics revolution.

About SF Holding
Recognized as Asia's largest integrated logistics service provider and ranking 393rd in the Fortune Global 500 list, SF Holding is a leader in providing comprehensive logistics solutions. Their extensive operational reach covers around 200 countries, utilizing technology to build effective and secure supply chain solutions tailored to customer needs. This partnership with J&T Global Express is expected to further solidify SF Holding’s position as a leading digital intelligence logistics provider.

Conclusion
The strategic partnership between J&T Global Express and SF Holding marks a significant milestone in the logistics sector, indicative of the industry's shift towards collaboration and integration. As both companies work together to harness their synergies, they stand to redefine how logistics networks operate globally, ultimately enhancing value for businesses and consumers alike.