The logistics company, which received funding from Alibaba in may last year, will list in China through a reverse merger with garment producer Dalian Dayang Trands.

Shanghai YTO Express, a China-based logistics company backed by e-commerce group Alibaba, is set to list through a reverse merger that will value it at RMB 17.5bn ($2.7bn), according to a securities filing today.

YTO will be acquired by Shanghai-listed clothing manufacturer Dalian Dayang Trands in an all-share deal that will involve Dayang transferring its assets to YTO’s shareholders, which will hold 51% of the combined company.

Founded in 2000, YTO provides a range of package courier services, offering same-day…