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Temasek Joins Investors in J&T Express $2 Billion Funding Round

  • Hillhouse, Sequoia China and Hidden Hill also among backers
  • Logistics firm weighing Hong Kong IPO as soon as this year

J&T Express raised $2 billion from investors including Temasek Holdings Pte in its latest funding round, according to people familiar with the matter, as the logistics company moves closer to seeking a Hong Kong initial public offering.

The Asian delivery firm’s existing investors Hillhouse Capital, Boyu Capital and Sequoia Capital China joined the fundraising, the people said, asked not to be identified as the matter is private. The round, which valued J&T Express at $20 billion, closed near the end of last year, the people said.