Alibaba is the largest shareholder of logistics and supply chain services provider Best, which has filed for a $750m initial public offering, after raising more than $910m in VC funding.

Best Logistics, a China-based logistics services provider backed by e-commerce firm Alibaba, filed yesterday to raise up to $750m in an initial public offering in the US.

Best provides logistics and supply chain services, generally for online merchants. It leases facilities, works with more than 1,400 third-party service providers and coordinates the operation through its cloud software platform.

The company made a net loss of approximately $198m in 2016 from $1.28bn of revenue. Its net loss for the first three…