China courier ZTO delivers year's biggest U.S. IPO

By Lauren Hirsch NEW YORK (Reuters) - Chinese package delivery company ZTO Express raised $1.4 billion (1.14 billion pounds) in the biggest U.S. initial public offering of the year on Wednesday as its backers cashed in on China's booming online-shopping industry, a source familiar with the deal said. The stock market debut, the biggest by a Chinese company since the $25 billion IPO of e-commerce giant Alibaba Group Holding Ltd in 2014, gave the Shanghai-based company a market value of more than