M&A Deal Summary

J&T Express Acquires Best - Express Business

On October 29, 2021, J&T Express acquired transportation company Best - Express Business from Best for 6.8B CNY

Acquisition Highlights
  • This is J&T Express’ 1st transaction in the Transportation sector.
  • This is J&T Express’ 0th largest (disclosed) transaction.
  • This is J&T Express’ 1st transaction in China.

M&A Deal Summary
Date 2021-10-29
Target Best - Express Business
Sector Transportation
Buyer(s) J&T Express
Sellers(s) Best
Deal Type Divestiture
Deal Value 6.8B CNY

Target

Best - Express Business

China
Best's Express Business is an express delivery service provider for parcels. It provides express delivery of parcels typically weighing less than 15 kg through its self-operated, state-of-the-art hubs and sortation centers and a network of more than 5,400 franchise partners operating over 33,000 service stations. The business offers industry-leading capabilities designed to enhance the e-commerce experience, including time-window delivery and customizable options for cash-on-delivery (COD), proof of delivery (POD), declared value coverage, and rush delivery.

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Buyer(S) 1

Buyer

J&T Express

Shanghai, China
Category Company
Sector Transportation
DESCRIPTION

J&T Express is an international express logistics company with express delivery and cross-border logistics as its core business and is committed to continuously creating the ultimate service experience for customers around the world. Its express delivery network covers eight countries including China, Indonesia, Vietnam, Malaysia, Thailand, the Philippines, Cambodia and Singapore, serving more than 2 billion people worldwide. J&T Express is based in Shanghai, China.

DEAL STATS #
Overall 1 of 1
Sector (Transportation) 1 of 1
Type (Divestiture) 1 of 1
Country (China) 1 of 1
Year (2021) 1 of 1

Seller(S) 1

SELLER

Best

Hangzhou, China
Category Company
Founded 2007
Sector Transportation
Employees3,572
Revenue 8.3B CNY (2023)
DESCRIPTION

Best is an integrated smart supply chain solutions and logistics services provider in China. Through its proprietary technology platform and extensive networks, Best offers a comprehensive set of logistics and value-add services, including express and freight delivery, supply chain management and last-mile services, truckload service brokerage, international logistics, and financial services. The company's mission is to empower business and enrich life by leveraging technology and business model innovation to create a smarter, more efficient supply chain. Best was formed in 2007 and is based in Hangzhou, China.

DEAL STATS #
Overall 1 of 1
Sector (Transportation) 1 of 1
Type (Divestiture) 1 of 1
Country (China) 1 of 1
Year (2021) 1 of 1
Mergr

Product

Company

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