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Boom or bust? The story of J&T Express in China

Indonesian company now sees world's No. 2 economy as its main target

J&T Express delivers 2.5 million packages a day in Indonesia. (Photo courtesy of J&T Express).

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.

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