Chinese logistics firm Best, backed by Alibaba, launches $930 million U.S. IPO

HONG KONG (Reuters) - Best Inc, a Chinese logistics company backed by Alibaba Group , is launching a U.S. IPO that is seeking about $930 million to fund an expansion of its supply chain network, develop new technology and open more convenience stores.

from Reuters: Technology News http://ift.tt/2j6Svu5