Alibaba-Backed Best to Sell China Express Delivery Business in $1.1 Billion Deal FILE PHOTO: A BEST Inc logo is seen at one of the company's Shanghai warehouses in Shanghai, China November 8, 2017. Picture taken November 8, 2017. REUTERS/Brenda GohReuters (Reuters) -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), including debt, sending its shares up 22% before the bell. Shares of New York-listed Best were set to open at $2.58, their highest level since February. They have...