Jet Li, who founded delivery firm J&T Express in Indonesia but is now expanding aggressively in his homeland China, has become a billionaire as the company prepares for an initial public offering in Hong Kong.
Jet Li, who cofounded delivery firm J&T Express in Indonesia but is now expanding aggressively in his homeland China, has become a billionaire as the company prepares for an initial public offering in Hong Kong.
It was during those years when Li spotted an opportunity in logistics, as he was unsatisfied with the slow speed of delivery firms in Indonesia, according to Chinese media reports. With the help of OPPO CEO Tony Chen, whose wife Liang Xiaojing is a direct shareholder in the firm , Li later struck out on his own. Neither Chen nor Liang currently sits on J&T’s board.
But Southeast Asia isn’t J&T’s largest source of revenue. The region accounted for 32.8% of the company’s $7.3 billion sales last year, while China contributed $4.1 billion, representing 56.4%. Newer markets such as Latin America and the Middle East made up for the remaining 10.8%.
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