Indonesia’s J&T Express nets US$2.5B, eyes US$1B IPO in Hong Kong

Indonesian courier startup J&T Express has secured US$2.5 billion from Boyu Capital, Hillhouse Capital Group and Sequoia Capital China, Reuters has reported. Chinese internet and gaming powerhouse Tencent and VC firm SIG China also joined. The round brings the unicorn’s valuation to US$20 billion, second only to Indonesia’s most valuable startup GoTo. The proceeds of the round will be utilised…
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