J&T Express-W (01519) rose more than 4%, reaching HK$10.5 by the time of writing, with a trading volume of HK$72.48 million. Market sources on December 9 revealed that during the 2025 Black Friday sales, J&T achieved a significant order volume breakthrough in Brazil. Data shows that compared to October, non-platform customer orders surged nearly 40% month-on-month, while platform-based orders increased by approximately 25%. Against Q3’s daily average, platform orders jumped 80%, setting a new single-day delivery record for J&T Brazil during the peak season.
CITIC Securities noted that while Southeast Asia remains J&T’s stable core market (holding a 32.8% parcel volume share in H1 2025, ranking first for six consecutive years), China has shifted toward profitability improvement, and Latin America has become its strongest growth engine. The region’s Q3 2025 parcel volume soared nearly 50% year-on-year, with Brazil and Mexico contributing 80% of orders. Partnerships with major e-commerce players like MercadoLibre (MELI) and TikTok Shop (TTS) are expected to double order growth, replicating its Southeast Asia expansion strategy. The company’s "deep merchant integration + localized logistics solutions + profit-sharing agent model" supports low-cost, rapid market penetration.
Comments