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 on Tuesday said it has led a consortium of investors to buy about 10 percent of Chinese courier ZTO Express (Cayman) Inc for $1.38 billion, as part of ...

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 ...

Alibaba Group will take a 14% stake in STO Express through a $ ... sector after it acquired minority stakes in YTO Express Grou, Best and ZTO Express (Cayman). STO Express is one of several ...

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