ZTO Express
About: ZTO Express is China's largest express delivery company by parcel volume, with a volume share of 22.1% in 2022. It operates a network partner model where it provides line-haul transportation and sorting services, while its local network partners provide first-mile pickup and last-mile delivery services under the ZTO brand name. Headquartered in Shanghai, the company was founded in 2002 by Meisong Lai, who remains chair, CEO, and its major shareholder with 77% voting rights as of June 30, 2023. ZTO's strategic shareholder is leading China e-commerce company Alibaba Group with around an 11.7% interest.
Employees: 23,554
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
523% more call options, than puts
Call options by funds: $253M | Put options by funds: $40.7M
29% more first-time investments, than exits
New positions opened: 54 | Existing positions closed: 42
5% more funds holding
Funds holding: 222 [Q1] → 234 (+12) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 9 [Q1] → 9 (+0) [Q2]
8% less repeat investments, than reductions
Existing positions increased: 73 | Existing positions reduced: 79
5.35% less ownership
Funds ownership: 39.58% [Q1] → 34.23% (-5.35%) [Q2]
14% less capital invested
Capital invested by funds: $5.03B [Q1] → $4.31B (-$716M) [Q2]
Research analyst outlook
We haven’t received any recent analyst ratings for ZTO.