J&T Express, an indonesian logistics startup recently raised $2.5 billion from major investor including Boyu Capital, Hillhouse Capital, Sequoia Capital and Tencent Holdings and SIG China. The new proceeds puts J&T Expresss valuation at $20 billion, according to a Sina report. The new financing comes just ahead of the companys HK IPO plan. Previously, the company planned to go public in the U.S. However, J&T Express adjusted its plans earlier this year and intends to go public in Hong Kong instead. Founded in 2015, J&T is the brainchild of Jet Lee, OPPO Indonesias Ex-CEO and Tony Chen, founder of OPPO International. The company focused on logistics and package delivery in Indonesia at first, then expanded to Malaysia and Vietnam in 2017, the Philippines and Thailand in 2018, Singapore and Cambodia in 2019, and China in 2020, according to the companys website. The company''s daily order volume in China has reached 22-25 million, according to a Late Post report. J&T Express was able to expand rapidly in China, due to its collaboration with Pinduoduo, an online shopping app featuring low-cost products with 700 million MAU; as well as its competitive pricing.

These Numbers Reveal How Powerful BEST Inc. (NYSE: BEST) Stock Is

03:30pm, Monday, 22'nd Nov 2021 Stocks Register
The trading price of BEST Inc. (NYSE:BEST) closed lower on Friday, November 19, closing at $1.11, -3.48% lower than its previous close. >> 7 Top Picks for the Post-Pandemic Economy

Squarepoint Ops LLC Takes $306,000 Position in BEST Inc. (NYSE:BEST)

10:22am, Sunday, 21'st Nov 2021 Transcript Daily
Squarepoint Ops LLC acquired a new position in shares of BEST Inc. (NYSE:BEST) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 171,795 shares of the companys stock, valued at approximately $306,000. A number of other hedge funds and other []

AM Best Affirms Credit Ratings of Aseguradora Ancón, S.A.

08:18pm, Thursday, 18'th Nov 2021 Kwhen Finance

AM Best Affirms Credit Ratings of BMO Life Assurance Company

06:19pm, Thursday, 18'th Nov 2021 Kwhen Finance

BEST Inc. 2021 Q3 - Results - Earnings Call Presentation

01:48am, Wednesday, 17'th Nov 2021 Seeking Alpha
BEST Inc. (BEST) CEO Johnny Chou on Q3 2021 Results - Earnings Call Transcript

BEST Inc. Announces Unaudited Third Quarter 2021 Financial Results

11:34pm, Tuesday, 16'th Nov 2021 Business Insider Markets
HANGZHOU, China, Nov. 16, 2021 /PRNewswire/ -- BEST Inc. (NYSE: BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China, today announced its unaudited financial

BEST Inc. (NYSE: BEST) Is The Most Intriguing Stock Today.

04:00pm, Tuesday, 16'th Nov 2021 Marketing Sentinel
In the last trading session, 2.17 million BEST Inc. (NYSE:BEST) shares changed hands as the companys beta touched 0.37. With the companys per share price at $1.26 changed hands at -$0.03 or -2.33% during last session, the market valuation stood at $466.88M. BESTs last price was a discount, traded about -189.68% off its 52-week high BEST Inc. (NYSE: BEST) Is The Most Intriguing Stock Today. Read More »
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