https://www.cnbc.com/2018/05/29/alibaba-leads-consortium-in-1-point-4-billion-deal-for-stake-in-chinese-courier-zto.html

Alibaba on Tuesday said it has led a consortium of investors to buy about 10 percent of Chinese courier ZTO Express (Cayman) for $1.38 billion, as part of the e-commerce firm's push into offline services.

The consortium includes Alibaba's majority-owned logistics affiliate Cainiao Smart Logistics Network, Alibaba, and ZTO said in a joint statement without disclosing the identity of other investors. They said they expect the deal to close in June.