Shenzhen-listed courier service firm S.F. Holding is considering acquiring a 1% to 2% stake in Southeast Asia-based J&T Express, per a Monday report from Chinese media outlet LatePost. The specific investment amount and details of the cooperation are currently under discussion, according to LatePost, and neither party has officially confirmed the news. This potential partnership follows J&T Express’s recent acquisition of Fengwang Holdings, a subsidiary of S.F. Holding, for RMB 1.18 billion ($164 million) a month ago. The ongoing collaboration between the two delivery companies emphasizes their shared goal of expanding into international markets, driven by the rising demand from cross-border e-commerce platforms such as Shein, Temu, and TikTok. [LatePost, in Chinese]