J&T Express raised US$2 billion from investors including Temasek Holdings in its latest funding round, according to people familiar with the matter, as the logistics company moves closer to seeking a Hong Kong initial public offering.
The Asian delivery firm’s existing investors Hillhouse Capital, Boyu Capital and Sequoia Capital China joined the fundraising, the people said, asked not to be identified as the matter is private. The round, which valued J&T Express at US$20 billion, closed near the end of last year, the people said.
The funding round comes as J&T Express weighs a first-time share sale in Hong Kong this year that could raise about US$1 billion, Bloomberg News reported in August. The company considered shifting its plans after previously mulling a listing in the US, people familiar with the matter said at the time.
Read more: The Business Times
