Experts reckon that ZTO Express, a Chinese logistics firm, has submitted a filing in New York seeking clearance for an initial public offering (IPO). The logistics provider aims to raise between USD1 billion and USD 2 billion. ZTO Express is a partner of China-based Cainiao Network logistic, an arm of the e-commerce giant Alibaba Group.

The IPO, which is expected to take place as early as September or October 2016, will be the biggest by a Chinese company in the USA since Alibaba raised USD 25 billion with its IPO in 2014.