Alibaba-backed Best to sell China express delivery business in $1.1 bln deal Contributor Oct 29, 2021 7:06AM EDT Credit: REUTERS/THOMAS PETER Alibaba-backed Best Inc said on Friday it would sell its express delivery business in China to J&T Express Co. Ltd. in a deal valued at about 6.8 billion yuan ($1.06 billion). Oct 29 (Reuters) - Alibaba-backed Best Inc BEST.N said on Friday it would sell its express delivery business in China to J&T Express Co. Ltd. in a deal valued at about 6.8 billion yuan ($1.06 billion). "In light of the unexpected ongoing challenges from COVID-19 and evolving industry...