Alibaba Is Said to Weigh Options to Reduce Stake in ZTO Express

Alibaba Group Holding Ltd. is considering options to pare down its minority stake in express delivery firm ZTO Express (Cayman) Inc., according to people familiar with the matter.

Alibaba has held talks with investment banks to evaluate a potential sale of bonds exchangeable into the shares of ZTO Express, the people said, asking not to be identified because the deliberations are private. Considerations are ongoing and Alibaba may still decide against selling exchangeable bonds, the people said.

Representatives for Alibaba and ZTO didn’t immediately respond to requests seeking comment.

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