Alibaba Group sells $500 million in ZTO Express American Depositary Shares

"Jones Day advised Alibaba Group Holding Limited on the sale of 25,000,000 American Depositary Shares of ZTO Express (NYSE: ZTO; HKEX: 2057) at US$20.02 per ADS, generating approximately US$500 million in gross proceeds. The transaction was conducted pursuant to Rule 144 under the Securities Act of 1933."

Jones Day advised Alibaba Group Holding Limited in connection with the sale of American Depositary Shares of ZTO Express (Cayman) Inc. The transaction involved the sale by Alibaba of an aggregate of 25,000,000 American Depositary Shares (ADSs) of ZTO Express (Cayman) Inc. (NYSE: ZTO; HKEX: 2057) at a price of US$20.02 per ADS, for aggregate gross proceeds of approximately US$500 million. The sale was conducted pursuant to Rule 144 under the Securities Act of 1933, as amended. Jones Day represented client(s) Alibaba Group Holding Limited with a team composed by: Ming Kong.

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Alibaba Group sells $500 million in ZTO Express American Depositary Shares

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Alibaba Group sells $500 million in ZTO Express American Depositary Shares

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