ZTO Express is set to launch the largest IPO by a Chinese company in the US since Alibaba. Bloomberg and other sources report that the delivery company is looking to raise as much as $1.3bn in the listing.
ZTO Express, which counts both Alibaba and JD.com among its customers, handled around 2.9bn packages in 2015 and posted a net income of more than $200m on revenues of around $915m.
Escher powers the world’s first and last mile deliveries, helping Posts connect nearly 1 billion consumers with global ecommerce networks. Postal operators rely on Escher to deliver an enhanced retail and digital customer experience, to activate new revenue streams, and to realize new delivery economics. […]
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