(Yicai Global) Sept. 29 -- ZTO Express Cayman, the Chinese delivery company backed by Alibaba Group Holding, rose on the first day on its secondary listing in Hong Kong.

ZTO Express [HKG: 2057] ended at HKD238 (USD34.91) a share, 9.2 percent higher than its offer price of HKD218, after earlier jumping as much as 12.4 percent. The closing price gave it a market capitalization of HKD201.95 billion (USD26 billion).

The Shanghai-based logistic company, which raised about USD1.3 billion from the floatation, joins Yum China Holdings, Alibaba, JD.Com and NetEase among Chinese firms to list in Hong Kong after first going public in the United States.

"We will continue our effort towards our mission of 'bringing happiness to more people through our services' and become a world-leading comprehensive logistics service provider," ZTO said in a statement.

Chairman Lai Meisong owns 27.3 percent of the company with 78.4 percent of voting rights as its largest shareholder. The second largest, Alibaba, owns 8.7 percent with 2.65 percent of voting rights.

The new York-listed shares of ZTO Express [NYSE: ZTO] closed 4.8 percent higher yesterday at USD31.97.

Editor: Ben Armour