Deals
Alibaba Logistics Ally ZTO Express Sees Possible IPO in 2017
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China’s ZTO Express, one of Alibaba Group Holding Ltd.’s logistics partners, is aiming to go public in the next two years, while expanding both within China and internationally.
ZTO currently serves 18,000 of China’s 40,000 counties and aims to reach 35,000 within the next five years, Lai Jianfa, ZTO’s co-founder and executive vice president, said in a late-March interview at the Credit Suisse Asian Investment Conference in Hong Kong.