China Legal Blog
Aggregated China Law Information
Alibaba-backed Best to sell China express delivery business in $1.1 billion deal
Aggregated Source: ChinaLegalBlog.com

(Reuters) -Alibaba-backed Best Inc said on Friday it would sell its express delivery business in China to J&T Express Co. Ltd in a deal valued at about 6.8 billion yuan ($1.06 billion), including debt, sending its shares up 22% before the bell.…

Original URL: Click here to visit original article