NEW YORK, April 9, 2023 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of ZTO Express (Cayman) Inc. (“ZTO” or the “Company”) ZTO. Those investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, extension 7980.

The investigation concerns whether ZTO and certain of its officers and/or directors have engaged in securities fraud or other illegal business practices.

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On March 2nd, 2023, market analyst Grizzly Research published a report on ZTO Express titled “ZTO Express Inc. ZTO: China’s “best-in-class” logistics company is truly “best in show”; We believe financial data is falsified and insiders are stealing from the company.” The report alleged that ZTO Express falsified various financial metrics in its filings with the Securities & Exchange Commission (“SEC”), including its margins, by understating earnings and overstated the net profit. The report further alleges, among other things, that ZTO Express underreports employees to reduce its costs, that it “uses bogus acquisitions of network partners to enrich insiders” and engages in undisclosed transactions with related parties. ADR”) price fell sharply during intraday trading on March 2, 2023.

The Pomerantz law firm, with offices in New York, Chicago, Los Angeles, London and Paris, is recognized as one of the leading law firms in the areas of corporate, securities and antitrust litigation. Founded by the late Abraham L. Pomerantz, known as Dean of the Class Attorney’s Association, the Pomerantz firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz law firm continues the tradition he established and fights for the rights of victims of securities fraud, breaches of fiduciary duty and corporate misconduct. The firm has recovered numerous multi-million dollar claims on behalf of group members. See