(Yicai Global) Sept. 2 -- China's mainland stock markets started the day higher this morning after the US Nasdaq Composite Index and S&P 500 Index both hit historic highs yesterday.

The Shanghai Composite Index began 0.29 percent higher at 3,420.47. The Shenzhen Component Index was at 13,881.07, up 0.23 percent. The ChiNext Price Index, which tracks growth enterprises in Shenzhen, rose 0.13 percent to 2,753.93.

YTO Express Group [SHA:600233] started 4.7 percent up after the leading Shanghai-based delivery firm cut a deal with e-commerce giant Alibaba Group Holding for CNY6.6 billion (USD966.8 million) in fresh funding yesterday.

Editor: Emmi Laine