Chinese logistics firm Best, backed by Alibaba, launches $932 million U.S. IPO

HONG KONG (Reuters) - Best Inc, a Chinese logistics company backed by Alibaba Group, has launched an up to $932 million initial public offering, seeking funds to expand its logistics and supply chain network, develop new technology and open more of its convenience stores.

from Reuters: Technology News http://ift.tt/2vNqGwF