ZTO Express, Inc.
Founded on May 8, 2002, ZTO Express, Inc. (“ZTO”) is one of the leading express delivery companies in China in terms of parcel volume, with a 19.1% market share in 2019. ZTO is both a key enabler and a direct beneficiary of China’s fast-growing e-commerce market and has established itself as the trusted express delivery partner for millions of commerce customers, including online merchants and consumers selling and buying products on Chinese leading e-commerce sites, such as Alibaba, PDD, JD.com.
ZTO operates a highly scalable network partner model that enables it to expand nationwide network quickly and provide e-commerce merchants with greater geographic reach at low cost. Under a network partner model, it operates the mission-critical line-haul transportation and sorting network within the express delivery service value chain, whereas its network partners operate the outlets that provide first-mile pickup and last-mile delivery services. Operational efficiency and economies of scale enable ZTO to achieve strong operating leverage which drives higher return on invested capital and equity. ZTO’s objective is to become a world-leading comprehensive logistical services provider.
Location of Key Operations
Deloitte Touche Tohmatsu CPA LLP
IPO (October 27, 2016)
Qingpu, Shanghai, China
April 21, 2021: ZTO Express Filed 2020 Annual Report on Form 20-F
March 31, 2021: ZTO Upsizes and Extends Share Repurchase Program
March 16, 2021: ZTO Announces Change To Board Composition
January 11, 2021: ZTO Express held 2020 Year-end Network Partner Convention