ZTO Express Faces Lawsuit Over Alleged Exaggeration of Profit Margins Before IPO
Posted on 07/23/2017
Some people called it China’s FedEx, ZTO Express (Cayman) Inc had its initial public offering (IPO) in 2016, luring institutional investors such as pensions and some sovereign funds. In fact, Temasek Holdings got into a sizable position in express delivery company ZTO Express. The company originally had backing before the IPO process from Chinese state-owned […]
