News / Best expansion bid shows Alibaba has eyes on emulating Amazon's distribution ambitions

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Alibaba-backed e-commerce logistics operator Best Logistics is trying to raise $700m in advance of an IPO, a document from the World Bank’s International Finance Corporation (IFC) revealed recently.

The move is further evidence of the creeping influence of e-commerce retailers on the delivery and fulfilment of goods.

Best Logistics, founded by former Google China vice-president Jimmy Chou, already counts Chinese e-commerce giant Alibaba, hi-tech manufacturer Foxconn and Goldman Sachs among its shareholders. The IFC is likely to be added to that list ...