Want to create an interactive transcript for this episode?
Podcast: The Afternoon Update with Lynlee Foo
Episode: Money in the Market: How J&T Express' potential listing may be a proxy to TikTok's ascent
Description: J&T Express, a leading e-commerce logistics company in Southeast Asia & China, has recently filed for an IPO listing in the Hong Kong Stock Exchange. Although no details of the fundraising size and timeline has been revealed, sources say the proposed sale share is expected to raise between $500 million to $1 billion. This would make it one of the largest Hong Kong issues in 2023. J&T Express is the market leader in ASEAN and is a fledgling player in China. And this IPO, if successful, could be viewed as a proxy for TikTok’s e-commerce ascent. On Money in the Marke...