ZTO to expand delivery service overseas

ZTO Express will seek strategic partners globally to serve the rapidly growing cross-border e-commerce segment, and the United States will be its entry point, said a senior company executive.

"We chose the US because the market there is huge, and there is a lot of cross-border trade and overseas procurement between China and the US," said Guo Jianmin, chief financial officer of the US-listed company.

He said global expansion has become necessary because the gross merchandise volume of Chinese e-commerce is growing at a slower pace.