May 17, 2023

DaHui Advises J&T Express on Landmark RMB ¥1.183 Billion Deal to Acquire E-commerce Delivery Company Fengwang

In a landmark deal for the global logistics industry, DaHui Lawyers represented and provided full legal services for logistics company, J&T Express (“J&T”), on its RMB ¥1.183 billion (approximately USD $170 million) acquisition of Shenzhen Fengwang Information Technology Co., Ltd. (“Fengwang”), a subsidiary of China’s largest logistics services company, S.F. Holding Co., Ltd. (“SF”). The two parties entered into a Share Transfer Agreement for this transaction on 12 May 2023, with J&T acquiring 100% of the equity in Fengwang.

Founded in Indonesia and operating in 13 countries, J&T provides express delivery throughout the fastest-growing market in the world: Southeast Asia and China. J&T’s network spans thirteen countries, including Indonesia, Vietnam, Malaysia, the Philippines, Thailand, Cambodia, Singapore, China, Saudi Arabia, the UAE, Mexico, Brazil, and Egypt. Fengwang focuses on express delivery for e-commerce businesses and operates in 27 provinces, municipalities, and autonomous regions throughout China.

As J&T’s PRC legal counsel, DaHui provided a full range of legal services for this project. We conducted legal due diligence, reviewed the transaction structure and transaction documents, negotiated the transaction, and more. DaHui’s Chris Chen (Partner) and Lucy Lu (Partner) from our corporate group led the project, with Rayna Wang (Counsel) and Yingjie Ding (Associate) providing core support and Jie Tong (Partner) of our antitrust team assisting with anti-monopoly aspects of the deal.

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