On 18 January 2016, the Company entered into a convertible preferred shares subscription agreement with Best Logistics as well as the members of Best Logistics Group, the existing holders of the securities of Best Logistics and investors of the new preferred shares of Best Logistics, pursuant to which the Company, as one of the investors of the new preferred shares, agreed to subscribe for certain new preferred shares at a cash consideration of US$30.00 million, representing approximately 0.96% of the enlarged issued share capital of Best Logistics. In June 2017, the name of Best Logistics was changed to Best Inc.. In September 2017, Best Inc. completed its initial public offering of 45,000,000 ADSs, each representing one share of its Class A ordinary shares, at US$10.00 per ADS for a total offering size of US$450.00 million. Its ADSs commenced trading on the New York Stock Exchange on 20 September 2017. Its current listing symbol is “BEST”.

Combining the Internet, information technology and traditional logistics services, Best Inc. is committed to creating a one-stop logistics and supply chain service platform to provide customers with efficient services and experience. As one of the largest integrated logistics service providers in China with logistics network across the nation, Best Inc. is also operating in seven countries, including United States, Thailand, Vietnam and Malaysia.

On 19 June 2024, Best Inc. signed a privatisation-related merger and acquisition agreement with a special purpose entity established by buyer consortium to privatise the business at a price of US$0.144 per US Class A ordinary share (equivalent to US$2.88 per American depositary share). As at 31 December 2024, the privatisation process was still in progress and the Group expects to receive approximately US$478,000 of post-privatisation consideration. The privatisation process was completed on 7 March 2025.