Oct 27, 2023LATEST SOURCED
other
HKEX public listing / IPO
Investors undisclosed
AmountHK$3.528B net IPO proceedsValuationUndisclosed
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Captables
J&
HISTORICAL P100 / #18
J&T Express
Logistics · Indonesia
Historical ranking valuation$20.0BSource snapshot: Jun 19, 2026
Disclosed primary funding in this record
$5.6BSum of non-overlapping disclosed USD amounts in confirmed primary financing entries in this record, including separately labeled equity components; not verified lifetime funding. Excludes amounts already included in a later round, announced, reported, database-only, debt, secondary and unclassified events.
7 confirmed primary rounds with disclosed USD amounts · Record through 2026-09-28THE BUSINESS
Get to know J&T Express.
J&T Express operates a cross-border logistics and express-delivery network, with substantial operations in Southeast Asia and China. Its own company page identifies stock code 1519.HK and an October 2023 Hong Kong listing; this historical private-company catalog placement is not a current-private claim.
J&T Express company and listing history ↗Source checked Sep 24, 2026Valuation history
Valuations reported at the time of each round.
US$13B non-fully diluted group estimateSeries D · ConfirmedSource ↗
US$18B non-fully diluted group estimateSeries C1 · ConfirmedSource ↗
US$6B non-fully diluted group estimateSeries B+ · ConfirmedSource ↗
US$3.64B non-fully diluted group estimateSeries B · ConfirmedSource ↗
US$1.97B non-fully diluted group estimateSeries A · ConfirmedSource ↗
US$582.09M non-fully diluted group estimateSeries Pre-A2 (Onwing Global Limited) · ConfirmedSource ↗
US$433.18M non-fully diluted group estimateSeries Pre-A1 (Onwing Global Limited) · ConfirmedSource ↗
Funding history
Funding rounds, debt and other financing events.
10sourced events · record as of 2026-09-28
J&T Global Express listed on HKEX (1519) on October 27, 2023 and is not eligible for a current private P100 ranking. Its October 16, 2023 prospectus, pp. 159-161, discloses seven pre-IPO financing rounds with approximately US$5.57B aggregate consideration. The seven individually rounded amounts sum to US$5.57345B, not an exact lifetime cash-proceeds reconciliation. Dates below are the filing's stated settlement dates, not agreement or publication dates. Pre-A1/Pre-A2 were investments in Onwing Global Limited before an October 24, 2019 pro-rata swap into the listed parent. Non-fully-diluted group valuations are not current economic ownership denominators. The Yimi Dida/C2 restructure, nominal-price C1/C2 rights amendments, IPO and later database entries remain separate from that primary-financing subtotal. The two 2021 database leads may overlap documented financing; they are retained unverified, not additional confirmed rounds. This is inspected historical financing coverage, not independently reviewed complete history, a current shareholder register or assurance that no later financing occurred. Status source ↗
May 18, 202309
primary
Series D
CELESTIAL OCEAN INVESTMENTS LIMITED
Source published Oct 16, 2023; not a financing date
Agreement dated May 12, 2023; consideration settled May 18. The filing reports 26,143,791 Series D preferred shares at approximately US$7.65 each. Appendix V-3 identifies CELESTIAL OCEAN as the subscriber; p. 170 identifies it as wholly owned by S.F. Holding. This is not a lead-investor designation, the later IPO subscription commitment or the January 2026 secondary database observation.
CELESTIAL OCEAN INVESTMENTS LIMITED · J&T HKEX prospectus, Appendix V-3 and p. 170 ↗
AmountUS$200M approximatelyValuationUS$13B non-fully diluted group estimate
May 18, 202308
other
C1/C2 nominal-price rights amendments
Investors undisclosed
Source published Oct 16, 2023; not a financing date
May 17, 2023 agreements issued 118,745,672 C1 and 43,082,204 C2 preferred shares at US$0.00001 par in exchange for waivers or amendments to investor rights; nominal consideration settled May 18. This is not another US$2.08B round or a market-value investment. Keep it outside the seven-round primary subtotal; no rounding of fractional USD into an invented proceeds value.
AmountUS$1,618.27876 nominal considerationValuationUndisclosed
Mar 21, 202207
primary
Series C1
Investors undisclosed
Source published Oct 16, 2023; not a financing date
Initial agreements span October 19, 2021 to February 25, 2022; the stated settlement date is March 21, 2022. The financing issued 147,428,024 C1 preferred shares at approximately US$14.10 each. The later 118,745,672 nominal-price C1 shares and resulting lower average cost are not new US$2.08B proceeds. The pooled IPO subscription-commitment list is not assigned as this round's investor list.
AmountUS$2.08B approximatelyValuationUS$18B non-fully diluted group estimate
Mar 25, 202106
primary
Series B+
Investors undisclosed
Source published Oct 16, 2023; not a financing date
Agreement dated February 5, 2021; consideration settled March 25. The filing reports 255,864,131 B+ preferred shares at approximately US$7.1225 each. Amount and group valuation are rounded filing figures, not current share balances or sale prices.
AmountUS$1.82B approximatelyValuationUS$6B non-fully diluted group estimate
Dec 31, 202005
primary
Series B
Investors undisclosed
Source published Oct 16, 2023; not a financing date
Agreement dated December 10, 2020; consideration settled December 31. The filing reports 22,462,293 B preferred shares at approximately US$4.4519 each, separate from the B+ round.
AmountUS$100M approximatelyValuationUS$3.64B non-fully diluted group estimate
Aug 11, 202004
primary
Series A
Investors undisclosed
Source published Oct 16, 2023; not a financing date
Agreement dated May 15, 2020; consideration settled August 11. The filing reports 269,921,165 A preferred shares at approximately US$4.3962 each. This is historical group financing, not a valuation of current holdings.
AmountUS$1.19B approximatelyValuationUS$1.97B non-fully diluted group estimate
Oct 30, 201803
primary
Series Pre-A2 (Onwing Global Limited)
Investors undisclosed
Source published Oct 16, 2023; not a financing date
Onwing Global Limited agreement dated August 20, 2018; consideration settled October 30. The filing reports 54,266,667 Pre-A2 preferred shares at approximately US$1.4749 each. Onwing holdings were swapped pro-rata into J&T parent shares under an October 24, 2019 agreement; that swap is not additional primary proceeds or evidence of today's holder balances.
AmountUS$80.04M approximatelyValuationUS$582.09M non-fully diluted group estimate
Mar 8, 201802
primary
Series Pre-A1 (Onwing Global Limited)
Investors undisclosed
Source published Oct 16, 2023; not a financing date
Onwing Global Limited agreement dated July 15, 2017; consideration settled March 8, 2018. The filing reports 74,666,665 Pre-A1 preferred shares at approximately US$1.3849 each. This is subsidiary/predecessor financing later swapped into the parent, not an original 2017 parent issuance.
AmountUS$103.41M approximatelyValuationUS$433.18M non-fully diluted group estimate
Date undisclosedUNDATED
other
Yimi Dida restructure / Series C2 share exchange
Investors undisclosed
Source published Oct 16, 2023; not a financing date
Transaction agreements span December 31, 2021 to September 30, 2022, not one disclosed financing date. Existing shareholders indirectly obtained Yimi Dida interests while Yimi Dida shareholders received 55,528,307 J&T C2 preferred shares alongside repurchases. The approximately US$15.67 agreed per-share value is not established fresh issuer cash and is not added to the primary subtotal.
AmountShareholding restructure; no primary proceeds establishedValuationUndisclosed
Unverified database leads (4)
These database claims have not been independently verified and are excluded from the sourced-event count.
Jan 14, 2026UNVERIFIED
secondary
Corporate Minority - P2P
Investor participation not independently verified
Amount$1,064.23MValuationUndisclosed
May 9, 2024UNVERIFIED
other
Post-listing PIPE (database listed)
Investor participation not independently verified
AmountUndisclosedValuationUndisclosed
Nov 25, 2021UNVERIFIED
primary
Private Equity - II
Investor participation not independently verified
Unverified database lead; may overlap the prospectus's October 2021-February 2022 C1 agreements. It is not an established additional financing or an authenticated settlement date.
AmountUndisclosedValuationUndisclosed
Aug 30, 2021UNVERIFIED
primary
Unattributed - II
Investor participation not independently verified
Unverified database lead, not an authenticated additional round or settlement date. No correspondence to a prospectus series is established.
AmountUndisclosedValuationUndisclosed
Financing participants
Investors, lenders and other parties named in funding announcements.
CELESTIAL OCEAN INVESTMENTS LIMITED
Series D · May 18, 2023 · Participant · primary · Confirmed · J&T HKEX prospectus, Appendix V-3 and p. 170 ↗
Ownership evidence
Opening ownership research…
Captables coverage
Deals / Captables
J&T Express's latest round: Undisclosed PIPE
J&T Express's latest public financing record lists an undisclosed amount in its PIPE dated May 9, 2024. Captables places the event in the company's disclosed funding history.
Captables Newsroom · 58d ago