ZTO Express Expands with Strategic Property Acquisition

ZTO Express (Cayman), Inc. Class A (HK:2057) has released an update.

ZTO Express has announced a strategic acquisition of properties in Tonglu County, Zhejiang Province, for RMB179.72 million. This move aligns with the company’s plan to establish a second headquarters, aiming to enhance operational efficiency and reduce costs. The properties will serve as office premises and staff dormitories, marking a significant step in ZTO’s expansion strategy.

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