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ZTO shares slump after Alibaba pares stake

Alibaba on Monday pared its stake in logistics firm ZTO Express (Cayman) Inc. (2057.HK; ZTO.US), offloading 25 million American depositary shares (ADS) at $20.02 apiece in a transaction valued at…
ZTO Express’ development strategy is being tested

Growing profits, shrinking market share test ZTO’s strategy

The logistics provider’s market share fell as its parcel volume growth trailed the industry last year, signaling its profit-oriented development strategy was facing headwinds Key Takeaways: ZTO’s parcel volume increased…