Indonesian delivery company J&T Express has made business headlines several times over the past year. It expanded its operations to China in March 2020 and only a month later reached a $7.8 billion valuation, according to CB Insights, joining the Indonesian unicorn club alongside the likes of GoTo, Bukalapak and Traveloka.
Boom or bust? The story of J&T Express in China
Indonesian company now sees world's No. 2 economy as its main target