By Jiahui Huang
Shares of Chinese delivery firm J&T Global Express tumbled in Hong Kong trading after regulators initiated a probe into the company's safety measures.
The stock fell 8.1% to 8.08 Hong Kong dollars, equivalent to US$1.03, at midday Thursday, putting it on track for its largest one-day decline since April 2025.
China's State Post Bureau said Thursday that entities operating under the J&T Global Express name, trademark and waybills have been involved in multiple work safety incidents this year. The regulator noted that it had also identified recurrent safety hazards at the firm's facilities and has launched an investigation.
The company didn't immediately respond to a request for comment.
J&T Global Express has expanded its businesses rapidly outside China, including operations in Saudi Arabia, the United Arab Emirates, Mexico, Brazil, Egypt and Southeast Asia.
In a recent note, DBS analysts projected the company would report 45% volume growth in Southeast Asian markets this year, fueled by strong growth momentum.
Write to Jiahui Huang at jiahui.huang@wsj.com
(END) Dow Jones Newswires
By Jiahui Huang
Shares of Chinese delivery firm J&T Global Express tumbled in Hong Kong trading after regulators launched a probe into the company's safety measures.
The stock fell 4.9% to 8.36 Hong Kong dollars, equivalent to US$1.07, on Thursday, marking its steepest one-day decline since late March.
China's State Post Bureau said Thursday entities operating under the J&T Global Express name, trademark and waybills have been involved in multiple work-safety incidents this year.
Regulators said they identified recurring safety hazards at the firm's facilities and launched an investigation.
J&T Global Express, in response, said in a statement that it "is fully cooperating" with the regulatory review and "highly values the guidance provided," adding that it has established a dedicated task force to implement comprehensive safety enhancements.
J&T Global Express has expanded its businesses rapidly outside China, including Saudi Arabia, the United Arab Emirates, Mexico, Brazil, Egypt and Southeast Asia.
The company is expected to report 45% volume growth in Southeast Asian markets this year, according to DBS analysts, citing strong growth momentum.
Write to Jiahui Huang at jiahui.huang@wsj.com
(END) Dow Jones Newswires
June 11, 2026 04:56 ET (08:56 GMT)
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