Stock Track | ZTO Express Plunges 5.49% Pre-market as Alibaba Considers Reducing Stake

Stock Track

May 27

Shares of ZTO Express Inc. (ZTO) tumbled 5.49% in pre-market trading on Tuesday, following reports that e-commerce giant Alibaba is considering reducing its stake in the Chinese logistics company.

According to a Bloomberg report, Alibaba is exploring options to decrease its holdings in ZTO Express. This potential move by one of ZTO's major shareholders has sparked concerns among investors, leading to the significant pre-market selloff.

The news comes as part of a broader trend of Chinese tech companies reevaluating their investment portfolios. Alibaba's potential divestment could signal a shift in strategy or a response to regulatory pressures in the Chinese tech sector. Investors will be closely watching for any official announcements from either Alibaba or ZTO Express regarding this matter, as it could have further implications for ZTO's stock performance and business outlook.

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(ZTO) tumbled 5.49% in pre-market trading on Tuesday, following reports that e-commerce giant Alibaba is considering reducing its stake in the Chinese logistics company.</p>\n\n<p>According to a Bloomberg report, Alibaba is exploring options to decrease its holdings in ZTO Express. This potential move by one of ZTO's major shareholders has sparked concerns among investors, leading to the significant pre-market selloff.</p>\n\n<p>The news comes as part of a broader trend of Chinese tech companies reevaluating their investment portfolios. Alibaba's potential divestment could signal a shift in strategy or a response to regulatory pressures in the Chinese tech sector. Investors will be closely watching for any official announcements from either Alibaba or ZTO Express regarding this matter, as it could have further implications for ZTO's stock performance and business outlook.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ZTO","symbol_name":"中通快递","start_time":0,"source_url":"","article_id":"1184309857","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1184309857","pubTimestamp":1748349379,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of ZTO Express Inc.  tumbled 5.49% in pre-market trading on Tuesday, following reports that e-commerce giant Alibaba is considering reducing its stake in the Chinese logistics company.According to a Bloomberg report, Alibaba is exploring options to decrease its holdings in ZTO Express. 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