US$2 billion. That’s how much last mile delivery player J&T Express reportedly reportedly The Information Upstart Courier Service Raised More Than $2 Billion to Fight Alibaba-Backed Rivals Read more raised from Chinese heavyweights Hillhouse Capital, Boyu Capital, and Sequoia Capital China earlier this month. Its competitor, Ninja Van, raised US$279 million in May 2020 from ride-hailing giant Grab and Eduardo Saverin’s venture fund, B Capital.

Why is logistics raking in the moolah in Southeast Asia?

AUTHOR

Benjamin Cher

Based in Singapore, Ben covers news and stories from the hub of Southeast Asia. He covers the intersection of technology and business, and how it affects Singapore and Southeast Asia. Ben was previously a reporter at The Edge Singapore.

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