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SHANGHAI, June 5, 2018 /PRNewswire/ — ZTO Express (Cayman) Inc. (NYSE: ZTO) (“ZTO” or the “Company”), a leading and fast-growing express delivery company in China, today announced that it made a strategic investment of approximately US$168 million for an approximately 15% stake in Cainiao Post, Cainiao Network’s network of last-mile delivery stations, in order to jointly ramp up last-mile service capabilities and provide diversified solutions that enhance efficiency and meet the growing demand from New Retail.
ZTO Express (Cayman) Inc. provides express delivery and other value-added logistics services in China. It offers delivery services for online merchants and consumers transacting on Chinese e-commerce platforms, as well as through business partners. The company operates a fleet of approximately 2,100 self-owned trucks. ZTO Express (Cayman) Inc. was founded in 2009 and is headquartered in Shanghai, the People's Republic of China.
ZTO is currently the second largest express delivery company in China.