SHANGHAI, June 5, 2018 /PRNewswire/ -- ZTO Express (Cayman)
Inc. (NYSE: ZTO) ("ZTO" or the "Company"), a leading and
fast-growing express delivery company in China, today announced that it made a
strategic investment of approximately US$168
million for an approximately 15% stake in Cainiao Post,
Cainiao Network's network of last-mile delivery stations, in order
to jointly ramp up last-mile service capabilities and
provide diversified solutions that enhance efficiency and
meet the growing demand from New Retail.
ZTO's strategic investment in Cainiao Post was done in
conjunction with four other leading express delivery companies in
China, including YTO Express (SHA:
600233), STO Express (SHE: 002468), Yunda Express (SHE: 002120),
and Best Inc. (NYSE: BSTI), in the aggregate amount of
approximately US$495 million
Mr. Meisong Lai, Founder,
Chairman and Chief Executive Officer of ZTO, said, "ZTO has made
significant progress over the past few years in developing its
last-mile delivery products and services. We have always had a deep
relationship with Cainiao, which is empowering express delivery
companies and growing alongside such companies. This investment by
ZTO in conjunction with other major express delivery companies in
Cainiao Post will allow us to offer better services to customers by
enhancing resource allocation and strengthening cooperation across
our collective last-mile delivery networks."
Last-mile delivery services are becoming increasingly
competitive as customers' demand
for personalized pickup and delivery services grows alongside the
number of daily parcel volume. Cainiao Post offers customers a wide
variety of services to choose from,
including expanded options for scheduled deliveries, smart lockers,
and delivery outlet pickups.
About ZTO Express (Cayman) Inc.
ZTO Express (Cayman) Inc. (NYSE: ZTO) is a leading and
fast-growing express delivery company in China. ZTO provides express delivery service
as well as other value-added logistics services through its
extensive and reliable nationwide network coverage in China.
ZTO operates a highly scalable network partner model, which the
Company believes is best suited to support the significant growth
of e-commerce in China. The
Company leverages its network partners to provide pickup and
last-mile delivery services, while controlling the mission-critical
line-haul transportation and sorting network within the express
delivery service value chain.
For more information, please visit: http://zto.investorroom.com.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expect," "anticipate," "future," "intend," "plan,"
"believe," "estimate," "confident" and similar statements. ZTO may
also make written or oral forward-looking statements in its reports
filed or furnished to the U.S. Securities and Exchange Commission,
in its annual report to shareholders, in press releases and other
written materials and in oral statements made by its officers,
directors or employees to third parties. Statements that are not
historical facts, including statements about ZTO's beliefs and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. A number of
important factors could cause actual results to differ materially
from those contained, either expressly or impliedly, in any
forward-looking statement. All information provided in this press
release is current as of the date of the press release, and the
Company does not undertake any obligation to update any
forward-looking statement as a result of new information, future
events or otherwise, except as required under applicable law.
For investor and media inquiries, please contact:
ZTO
Ms. Sophie Li
Investor Relations Department
E-mail: ir@zto.com
Christensen
In China
Mr. Christian Arnell
Phone: +86-10-5900-1548
E-mail: carnell@christensenir.com
In United States
Mr. Tip Fleming
Phone: +1-917-412-3333
Email: tfleming@Christensenir.com
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SOURCE ZTO Express (Cayman) Inc.