Alibaba-led consortium to buy 10% stake in ZTO Express for $1.38bn
247 Customs Broker
MAY 29, 2018
Alibaba-led consortium has agreed to purchase 10% equity stake Chinese express delivery firm, ZTO Express (Cayman), for around $1.38bn. The investors led by Alibaba and its logistic arm Cainiao Network have entered into a strategic agreement with ZTO Express for the investment and acquisition of interest.
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