IFLR1000

Alibaba $1.4 billion acquisition of 10% stake in ZTO Express

7/6/2018
Private acquisition
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Rmb 8.9 billion

$ 1.38 billion

Announced

7/6/2018

Overview:

  • An Alibaba-led consortium has acquired 10% of ZTO Express for $1.4 billion.
  • This is the third recent acquisition by Alibaba of courier companies in China.
  • ZTO will use the proceeds to expand its network.

Daniel Semerdzhiev - Data Analyst

Jurisdiction:

China

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

China

Industry sector:

Consumer goods and services

Firms:
Fangda Partners

Party: Alibaba Group Holdings (Acquirer)

Ropes & Gray

Party: Alibaba Group Holdings (Acquirer)

Skadden Arps Slate Meagher & Flom

Party: ZTO Express (Cayman) (Target)

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