ZTO Freight completed a B round of financing exceeding $300 million. The fresh funds will be used to increase investment in information system R&D, new infrastructure construction and professional talent.
A driverless delivery vehicle named "Pioneer" developed by Juzhen Data Tech has started alpha testing for application scenarios at the headquarters of ZTO Express in China.
Best Inc. plans to raise funds and reduce debts by selling a courier subsidiary. The company is negotiating with a financial adviser on a possible divestment and may seek to value the business at up to $1 billion.
Chinese autonomous driving company WeRide announced on Thursday that it will work with auto maker Jiangling Motors (JMC) and ZTO Express to promote the mass production and the commercialization of the company's Robovan.
Chinese leading express delivery company ZTO Express (Cayman) Inc. announced on Sept. 16 that it would raise as much as HK$12 billion in the secondary listing in Hong Kong.
Alibaba seeks to acquire shares from Yunda’s controlling shareholders, Nie Tengyun and Chen Liying, who own 52.19% of Yunda from their wholly-owned company.
In May 2019, SF adjusted its product strategy to increase business volume and launched new products specifically designed for the e-commerce market and customers.
ZTO Express (Cayman) Inc., a leading Chinese express delivery company, announced on Tuesday May 29th that it will receive a strategic investment of US$1.38 billion from Alibaba Group Holding Limited and its logistic arm Cainiao Network Technology Co., Ltd. , while giving the investors 10% of the equity in return.