Source: Tech – South China Morning PostIndonesian logistics firm J&T Express announced that it will acquire its Chinese rival Best Inc’s courier business for 6.8 billion yuan (US$1.06 billion), amid a brutal price war among the industry’s major players.“The acquisition of Best Express advances J&T Express’ strategy to enhance our end-to-end supply chain management in the Chinese market by leveraging Best’s strong infrastructure capabilities and extensive partnership network,” said J&T CEO Steven Fan, adding that the deal will also…Read More