Daily Traders Edge

Chinese logistics firm Best, backed by Alibaba, launches $930 million U.S. IPO

September 07
08:58 2017

HONG KONG (Reuters) – Best Inc, a Chinese logistics company backed by Alibaba Group , is launching a U.S. IPO that is seeking about $930 million to fund an expansion of its supply chain network, develop new technology and open more convenience stores.

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