As of now,Global logistics service provider Jitu Express Global LimitedThe total market value of has reachedHKD 103.984 billion, almost becoming the strongest express delivery company in Southeast Asia.

Established in2015 Jitu ExpresstoOn October 27th, it was listed on the main board of the Hong Kong Stock Exchange, with a public offering price of HKD 12 per share. The global net proceeds from the sale were HKD 3.528 billion, making it the fastest-growing logistics company in the world.

2013,Li Jie, founder of Jitu ExpressonceResponsible for developmentIndonesiaOPPO market,useonly1 year,Just let it beOPPOIn IndonesiaWe have gained a foothold in the market,In 2015, OPPO was already the second largest brand in the Indonesian mobile phone market.

At this time, Li Jie discovered a new local market, which is logistics.At that time, Indonesia's largest courier companyJNE holds approximately 70% of the market share, but does not deliver on Sundays and holidays, shuts down at night, and the backend system cannot connect with e-commerce platforms. The package trajectory cannot be updated in real-time, and it is unwilling to come to pick up items, even affecting OPPO's mobile business.

In 2015, Li Jie、Former President of Microsoft IndonesiaTony Chen and Nanjing OPPO agent Parkson jointly invested 400 billion Indonesian rupiah to establish J&T Express Express, also known as Jitu Express, in the local area.

In order to seize the local market, Jitu Express initially relied onOPPO's business, and many core employees are actuallyfromStep by step employees with a high systemThe OPPO system is for my own use, Jitu ExpressofDevelopment is fast. onlyOne year later, Jitu ExpressIt becomesIndonesia's second largest courier company, here we areIn 2019, it has become the largest in Indonesia and the second largest in Southeast AsiaofThe courier company is here.

Overseas markets are thriving, and Jitu ExpressalsoLooking at China's express delivery industry.In 2020, Jitu Express quietly entered China and quickly opened up the Chinese market with a low-priced strategy, taking only 10 months,The daily order volume has broken through20 million.

According to Frost Sullivan, a global growth consulting firm2022 package volume meter, Jitu ExpressIn Southeast AsiaMarket share is22.5% processed 2.5 billion domestic packages in Southeast Asia, compared to 1.15 billion in 2020, with a compound annual growth rate of 47.6%.

Jitu ExpressstayChina's express delivery market, processed12.025 billion domestic packages, with a market share of 10.9% based on package volume. As of June 30, 2023, Jitu Express has processed 6.446 billion packages in China, a year-on-year increase of 15.1%.

The regional agency model can be called the killer weapon for Jitu to quickly seize the market. By adopting this model in countries with diverse geographical regions and unique operational challenges, it rapidly expands to provide services to geographically dispersed merchants and consumers in multiple regions and boost the growth of e-commerce transactions. According to package volume, the market share of Jitu in China has reached10.9%, ranking sixth, and with a geographical coverage rate of over 99% in counties and districts in China, the growth rate is impressive.

But behind the rapid development,Jitu ExpressEntering the Chinese marketThree and a half yearsAccumulated losses exceeding 3.4 billion US dollarsThe asset liability ratio is as high as191.06%,This isJitu ExpressThe biggest hidden danger under high-speed development.