Best Inc., a logistic service provider backed by Alibaba Group, has revised up the amount of capital it is seeking to raise in an initial public offering in New York to US$1 billion, from a previous target of US$750 million in June. Best, also known as Best Logistics, disclosed the information in an updated prospectus filed with the U.S. securities regulator yesterday. It also provided updated information on its performance in the first half of 2017. It recorded RMB8.1 billion …

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