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27 June 2017

Alibaba to exit in Best IPO

Alibaba is the largest shareholder of logistics and supply chain services provider Best, which has filed for a $750m initial public offering, after raising more than $910m in VC funding.

Author: Robert Lavine, News Editor

Best Logistics, a China-based logistics services provider backed by e-commerce firm Alibaba, filed yesterday to raise up to $750m in an initial public offering in the US.