Beixiazhu Village in Yiwu, Zhejiang province, was at the forefront of a brutal price war in delivery services this year. J&T Express, which initiated the price war, has announced an acquisition of its Chinese rival Best’s logistics operations for more than US$1 billion. Photo: Tracy Qu
Beixiazhu Village in Yiwu, Zhejiang province, was at the forefront of a brutal price war in delivery services this year. J&T Express, which initiated the price war, has announced an acquisition of its Chinese rival Best’s logistics operations for more than US$1 billion. Photo: Tracy Qu

Indonesia’s J&T Express buys Chinese rival Best’s logistics business amid price war centred in manufacturing hub of Yiwu

  • J&T Express announced a US$1 billion acquisition of Best’s logistics business, which has suffered ballooning losses amid an industry price war in China
  • The deal is expected to close in the first quarter next year and will only affect Best’s Chinese logistics operations, not other business segments

Beixiazhu Village in Yiwu, Zhejiang province, was at the forefront of a brutal price war in delivery services this year. J&T Express, which initiated the price war, has announced an acquisition of its Chinese rival Best’s logistics operations for more than US$1 billion. Photo: Tracy Qu
Beixiazhu Village in Yiwu, Zhejiang province, was at the forefront of a brutal price war in delivery services this year. J&T Express, which initiated the price war, has announced an acquisition of its Chinese rival Best’s logistics operations for more than US$1 billion. Photo: Tracy Qu
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