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?