Courier firm Best Logistics (百世物流 in Chinese) is gearing up for an initial public offering (IPO) that could be worth US 1 billion in the U.S. this year, local media is reporting.

If successful, it would be the largest IPO by a Chinese company in the U.S. market this year.

The Chinese courier service has seen its valuation top US$ 3 billion after seven financing rounds (in Chinese) last year. It raised a whooping US$7.6 billion fund from investors including internet giant Alibaba and VC firm SBCVC last September alone.

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Sheila Yu

Sheila Yu is a Shanghai-based technology writer. She brings readers the biggest news from Chinese language tech media. Reach her at sheila@technode.com.