YTO Express Group Co Ltd Class A

600233: XSHG (CHN)
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YTO Is Narrowing the Gap With Market Leader ZTO

Business Strategy and Outlook

The six largest privately owned express delivery companies accounted for around 80% of China’s parcel-delivery volume in the third quarter of 2025, based on data from the companies and China’s State Post Bureau. With concentration already high, we think further market share gains from smaller players are limited for these major operators.

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