SF Holding and J&T Express have established a strategic partnership through a shareholding agreement.

S.F. Holding and J&T Global Express have entered a strategic cross-shareholding agreement valued at approximately HKD 8.3 billion (USD 1.06 billion) to enhance their global logistics capabilities. SF Holding will issue 226 million new H shares to J&T Express, while J&T will provide 822 million Class B shares to SF Holding. This partnership aims to merge SF Holding’s expertise in cross-border logistics with J&T’s last-mile operations, boosting their international presence and improving overall customer fulfillment, aligning with SF Holding’s vision of a connected logistics network in Asia.