ZTO Express Founder, Chairman and CEO Meisong Lai, second from right, joined by members of the company's leadership team, rings a ceremonial bell as his company's IPO begins trading, on the floor of the New York Stock Exchange, Thursday, October 27, 2016. Photo: AP

ZTO Express drops in New York trading debut, weighed down by a declining market

Delivery company’s CFO says the company will use its IPO proceeds to buy land, expand its network

Topic |   Singles' Day (11.11)

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ZTO Express Founder, Chairman and CEO Meisong Lai, second from right, joined by members of the company's leadership team, rings a ceremonial bell as his company's IPO begins trading, on the floor of the New York Stock Exchange, Thursday, October 27, 2016. Photo: AP
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