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

Core Insights - ZTO Express has been under scrutiny due to the ongoing price war in China's express delivery industry, which has created challenges for the company and the sector as a whole [1]. Company Overview - ZTO Express is a key player in the Chinese express delivery market, and its performance is closely tied to the competitive dynamics within the industry [1]. Industry Context - The express delivery industry in China is currently experiencing a price war, which is impacting profitability and operational strategies for companies involved [1].