Best Inc., a U.S.-listed Chinese logistics company whose shareholders include Alibaba Group Holding Ltd., is considering a sale of its express delivery business, according to people familiar with the matter.
Best is working with a financial adviser on the potential divestment and could seek a valuation of as much as $1 billion for the business, the people said, asking not to be identified because the matter is private. A sale could draw interest from other logistics companies, the people said.
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September 23, 2021 at 02:23PM
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Alibaba-Backed Best Is Said to Weigh $1 Billion Unit Sale - Bloomberg
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