Alibaba-backed logistics firm Best slashes proposed U.S. IPO: IFR

HONG KONG (Reuters) - Best Inc, a Chinese logistics company backed by Alibaba Group , slashed its proposed U.S. initial public offering after receiving tepid response from investors to its initial valuation, IFR reported on Tuesday, citing people close to the deal.

Alibaba-backed logistics firm Best slashes proposed U.S. IPO: IFR
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