Explore All 338 Divestiture Transportation Deals - Search the Database Free
M&A Deal Summary |
|
|---|---|
| Date | October 29, 2021 |
| Target | Best - Express Business |
| Sector | Transportation |
| Buyer(s) | J&T Express |
| Sellers(s) | Best |
| Deal Type | Divestiture |
| Deal Value | 6.8B CNY |
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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 Context for Buyer | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Transportation | 1 of 1 |
| Type: Divestiture | 1 of 1 |
| Country: China | 1 of 1 |
| Year: 2021 | 1 of 1 |
| Category | Company |
|---|---|
| Founded | 2007 |
| Sector | Transportation |
| Employees | 3,572 |
| Revenue | 8.3B CNY (2023) |
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 Context for Seller | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Transportation | 1 of 1 |
| Type: Divestiture | 1 of 1 |
| Country: China | 1 of 1 |
| Year: 2021 | 1 of 1 |
