ByteDance denies becoming a new shareholder of ZTO Express: made a small investment in 2021 with a low ownership percentage.

On November 11th, there were media reports claiming that "ByteDance has become a new shareholder of ZTO Express." A responsible person from ByteDance stated that the above report is false information. As early as the end of 2021, ByteDance had made a small investment in ZTO Express, with a very low stake. The recent change in business registration should be an internal adjustment of ZTO Express's structure, and there is no truth to the statement that "ByteDance has become a new shareholder".