Posted inChina, Germany, World

Alibaba-backed Best Inc bets on China logistics boom with US listing

Best Inc, a Chinese logistics company backed by Alibaba Group, said it aims to raise up to US$750 million from an initial public offering in the United States, betting that an e-commerce boom in China will spur demand for its package delivery services and supply chain technology. The company founded by Johnny Chou, a former […]

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