Alibaba Group Holding Ltd. is considering options to pare down its minority stake in express delivery firm ZTO Express ...

Back in 2018, Alibaba led a consortium of investors in acquiring a 10% stake in ZTO for $1.38 billion. This move was aimed at enhancing its global shipping services.

29, a U.S. filing on Tuesday showed. ZTO Express is backed by Alibaba Group Holding Ltd., which holds a nearly 9% stake.

SHANGHAI (Reuters) - Alibaba Group Holding Ltd (BABA.N) on Tuesday said it has led a consortium of investors to buy about 10 percent of Chinese courier ZTO Express (Cayman) Inc (ZTO.N) for $1.38 ...

HANGZHOU - Chinese e-commerce powerhouse Alibaba and its logistics arm Cainiao have agreed to invest $1.38 billion in exchange for an about 10 percent equity stake in delivery company ZTO Express.

It also, however, warned of disruption in the second quarter. ZTO Express, nearly 9% controlled by Alibaba Group, said revenue in the three months to March rose by 22.1% from a year earlier to 7,9 ...

Analysts have recently evaluated ZTO Express (Cayman) and provided 12-month price targets. The average target is $21.65, ...

On Wednesday, BofA Securities maintained its Buy rating on ZTO Express (NYSE:ZTO), with a steady price target of $29.00. The endorsement comes after Alibaba (NYSE:NYSE:BABA) confirmed on March 26 that ...