ZTO launching IPO

ZTO launching IPO

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.

 

 

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