J&T Express raises US$2.5 billion before HK IPO
J&T Express has raised US$2.5 billion in the latest round of financing, valued at approximately US$20 billion. The company plans to go public in Hong Kong as soon as the first quarter of next year. According to people familiar with the matter, investors in the latest round include Boyu Capital, Hillhouse Capital, Sequoia Capital China and Tencent Holdings. New investor SIG China also participated.