ZTO Express plans IPO in NY

ZTO Express Co, one of Alibaba Group Holding Ltd's logistic partners, is aiming to list as early as September, in what will be the second-biggest initial public offering by a Chinese firm in the United States, according to a report.

The Shanghai-based logistics company has submitted a filing in New York for the IPO, aiming to raise up to $2 billion, International Financing Review reported on Tuesday.

ZTO Express declined to comment on the report when contacted by China Daily.