WGYT Freight Forwarding, Your reliable and dependable logistics agent in China.

ZTO, a Shanghai-based express delivery company, provides express delivery service as well as other value-added logistics services through its extensive and reliable nationwide network in China, which covers over 96 percent of China's cities and counties as of June 30, 2016.

According to the iResearch, ZTO is one of the largest express delivery companies globally, in terms of total parcel volume in 2015.

ZTO is both a key enabler and a direct beneficiary of China' s fast-growing e-commerce market, and has established itself as one of the largest express delivery service providers for millions of online merchants and consumers transacting on leading Chinese e-commerce platforms, such as Alibaba and JD.com.

"ZTO's business model grants us a unique advantage in market competition, which allows ZTO to achieve strong operating leverage by minimizing fixed costs and capital requirements," Meisong Lai told Xinhua.

ZTO operates a highly scalable network partner model, which the firm believes is best suited to support the significant growth of e-commerce in China. ZTO leverages its network partners to provide pickup and last-mile delivery services, while controlling the mission-critical line-haul transportation and sorting network within the express delivery service value chain, said the ZTO profile.

ZTO's IPO surpasses the 1.1 billion dollars IPO of Japanese messaging company Line and makes it the biggest Chinese company IPO in the U.S. since Alibaba, which made history with its 25 billion dollars blockbuster IPO in 2014, according to the Forbes.