Motion Digest Network: Leading Urban Transformation

China-based logistics company ZTO Express, backed by Sequoia Capital and Warburg Pincus, has filed for a U.S. initial public offering on the New York Stock Exchange, seeking to raise between US$1.5 billion. ZTO Express would be the first Chinese courier service provider to list in the U.S. Founded in 2002, ZTO Express handled 2.95 billion parcels in 2015 which translates to 14.3%