🧠 Food for thought

Implications, context, and why it matters.

Southeast Asia’s boom masks a shift to other regions

• J&T Express’s fast growth in Southeast Asia fits a wider global plan that reaches beyond the region 1.
• In the same quarter, J&T’s China business rose 8.4%, while its other markets, excluding China and Southeast Asia, doubled parcel volumes with 100.5% year-on-year growth 1.
• The surge in newer regions followed a 2025 turning point, when J&T said its New Markets became profitable for the first time as adjusted EBIT (earnings before interest and taxes, adjusted for one-off items) moved to a positive US$4 million 2.
• This shift is changing the mix, with non-China parcels at 35.1% of total volume, up 4.3 percentage points quarter-on-quarter 1.

J&T supports cross-border ecommerce deliveries in newer markets

• J&T’s overseas growth links in part to work with cross-border ecommerce platforms such as SHEIN, Temu, TikTok, and AliExpress 2.
• In these faster-growing markets, it serves as a delivery and logistics partner for those platforms 2.
• It brings over an operating playbook built in China, where it said cost per parcel reached a record low of US$0.28 in 2025 3.
• The approach supports ties with global platforms plus local partners, including cooperation with Mercado Libre, Latin America’s largest ecommerce marketplace, and a Mercado Libre 2025 Best Carrier Award 2.