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.

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.

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 ...

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 ...

Under the deal announced on Tuesday, investors led by Alibaba and its majority-owned logistics unit Cainiao Network will spend almost $US1.4bn to buy a 10 per cent ...

ZTO Express has been an important partner to Alibaba Group and Cainiao Network in the development of the new digital economy, Daniel Zhang, the CEO of Alibaba and chairman of Cainiao, said in a ...

HONG KONG — Alibaba is in talks with YTO Express Group’s founders to raise its stake in the Chinese courier company with an aim to become the top shareholder, two people told Reuters, as it ...