Alibaba Group Holding Ltd. is considering options to pare down its minority stake in express delivery firm ZTO Express (Cayman) Inc., according to people familiar with the matter.

In 2018, Alibaba led a group of investors who bought 10% of ZTO for $1.38 billion in order to expand services in the global transportation sector. The investor group included Alibaba's logistics ...

Back in 2018, Alibaba led a consortium of investors in acquiring a 10% stake in ZTO for $1.38 billion. This move was aimed at enhancing its global shipping services.

Investing.com -- Alibaba (NYSE: BABA) Group Holding Ltd. is exploring options to trim its minority stake in the express delivery company, ZTO Express (NYSE: ZTO) (Cayman) Inc.This information comes ...

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Alibaba (NYSE: BABA), the largest e-commerce and cloud company in China, went public at $68 per share on Sept. 18, 2014. It raised $25 billion, making it the largest IPO in history at the time ...

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