---
title: "HK-listed J&T Global Express aims to raise $596 million for tech, overseas expansion"
description: "J&T Global Express, an Indonesian courier firm, aims to raise approximately HK$4.65 billion ($596 million) through convertible bonds to fund overseas expansion and technology development. The bonds wi"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/273455551.md"
published_at: "2026-01-23T02:52:23.000Z"
---

# HK-listed J&T Global Express aims to raise $596 million for tech, overseas expansion

> J&T Global Express, an Indonesian courier firm, aims to raise approximately HK$4.65 billion ($596 million) through convertible bonds to fund overseas expansion and technology development. The bonds will convert into about 319.6 million new shares at an initial price of HK$14.55 per share. The company plans to list the 2026 Convertible Bonds on the Hong Kong Stock Exchange. Founded in 2015, J&T has grown to be the largest e-commerce delivery service in Southeast Asia and expanded into China by acquiring Best Inc's express delivery business in 2021.

Indonesian courier services firm J&T Global Express said on Friday that it seeks to raise around HK$4.65 billion ($596.40 million) through an issue of convertible bonds.

The company said the bonds will have an initial conversion price of HK$14.55 per class B share, with the same convertible into around a maximum of 319.6 million new shares.

The proceeds will be used to develop the group's overseas business and technology advancement, optimize the group's capital structure, including share repurchase, and for other corporate purposes, J&T Global said.

"It is intended the 2026 Convertible Bonds will be listed on the Hong Kong Stock Exchange," the firm said in a statement.

Launched in Indonesia in 2015 by two former executives at Chinese electronics firm OPPO, J&T quickly became the largest e-commerce delivery service in Southeast Asia.

The company acquired Alibaba-backed Best Inc's express delivery business in China in 2021 in a deal valued at about $1.1 billion, which helped launched an aggressive China expansion at the time.

($1 = 7.7968 Hong Kong dollars)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.