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ZTO Express plans IPO in NY

By Zhao Yanrong In Beijing And Wang Ying In Shanghai | China Daily | Updated: 2016-07-13 07:46

ZTO Express Co, one of Alibaba Group Holding Ltd's logistic partners, is aiming to list as early as September, in what will be the second-biggest initial public offering by a Chinese firm in the United States, according to a report.

The Shanghai-based logistics company has submitted a filing in New York for the IPO, aiming to raise up to $2 billion, International Financing Review reported on Tuesday.

ZTO Express declined to comment on the report when contacted by China Daily.

ZTO Express plans IPO in NY

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