Asia Unhedged | Best Logistics IPO could be biggest Chinese listing in the US this year
Zhou Jian, vice president of Best Logistics during a promotional event. Photo: AFP
Zhou Jian, vice president of Best Logistics during a promotional event. Photo: AFP
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Best Logistics IPO could be biggest Chinese listing in the US this year

The Alibaba and Foxconn-backed firm hopes to raise US$1 billion

April 12, 2017 3:02 AM (UTC+8)

Chinese logistics firm Best Logistics Technology is hoping to raise US$1 billion for an initial public offering expected this coming fall, reports the Wall Street Journal.

Shareholders in the firm, which is valued at more than US$3 billion, include Alibaba, Foxconn and Goldman Sachs, which has advised Best on its latest funding round.

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