As investors pour money into China’s logistics and warehousing companies, which are critical to the country’s booming eCommerce infrastructure, one business has its sights set on raising $700 million before impeding plans to go public. Best Logistics, partly owned by Alibaba Group Holding, disclosed its...
With its eyes on improving logistics for its ever-expanding global plans, The Alibaba Group is exploring a partnership with Hangzhou-based logistics firm Best Logistics Technology Company, with a specific goal of developing cloud-based logistics services, according to Beijing-based newspaper The Economic Observer. It’s not as...
September 08, 2017
Chinese logistics company Best is hoping to raise $930 million through a U.S. initial public offering (IPO), according to reports released Thursday (Sept. 7). The company is backed by Alibaba Group and led by Johnny Chou, former Greater China president for Google. Best had previously expected to raise $750 million but increased its offering size […]
January 18, 2016
As investors pour money into China’s logistics and warehousing companies, which are critical to the country’s booming eCommerce infrastructure, one business has its sights set on raising $700 million before...
