ZTO Express: Expect An Extended Price War, Downgrade To Hold

I have covered ZTO Express (NYSE: ZTO ) since my initiation article in November 2023. It has been a frustrating journey following ZTO and the Chinese express delivery industry in general. The ongoing price war within China's express delivery industryI am the co-founder and portfolio manager for a multi-family office with a focus on U.S and Asia markets. I have a bachelor's and master's degree in accounting and finance from one of the top programs in the U.S. I am a CFA Charterholder. Prior to starting on my ...