ZTO Express, Inc.

NYSE:

HK:

ZTO

2057

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.

Key Facts

Auditor

Public Listing

Domicile

HQ/Management

Location of Key Operations

IR Contact

Deloitte Touche Tohmatsu CPA LLP

IPO (October 27, 2016)

Cayman Islands

Qingpu, Shanghai, China

Internal

86-21-5980-4508

Analyst Coverage

Latest News