On the Record · Best
Best acquisitions, on the record
The businesses Best bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
a local express delivery company in VietnamWord for word“We acquired a local express delivery company in Vietnam in July 2019 and a local express delivery company in Malaysia in April 2020.” 20-F for 2021 | acquisition | July 2019 | — |
a local express delivery company in MalaysiaWord for word“In April 2020, we further expanded our local express delivery services to Malaysia through a strategic acquisition of a local express delivery company.” 20-F for 2021 | acquisition | April 2020 | — |
Sichuan Wowo Supermarket Chain Co., Ltd.Word for word““WOWO” are to Sichuan Wowo Supermarket Chain Co., Ltd., which we acquired in May 2017.” 20-F for 2021 | acquisition | May 2017 | — |
Huitong ExpressWord for word“In 2010, we launched BEST Express through the acquisition of Huitong Express;” 20-F for 2021 | acquisition | 2010 | — |
QuanjitongWord for word“In 2012, we launched BEST Freight through the acquisition of Quanjitong;” 20-F for 2021 | acquisition | 2012 | — |
Sichuan Wowo Supermarket Chain Co., Ltd.Word for word““WOWO” are to Sichuan Wowo Supermarket Chain Co., Ltd., which we acquired in May 2017 and disposed in November 2021.” 20-F for 2022 | divestiture | November 2021 | — |
our China express businessWord for word“The decrease was primarily due to the gain related to the sale of our China express business in 2021.” 20-F for 2022 | divestiture | 2021 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) |
|---|---|
| 2017-12-31 | $48.3 million |
| 2018-12-31 | $6.5 million |
| 2019-12-31 | $4.3 million |
| 2020-12-31 | $1.9 million |
| 2021-12-31 | $274,000 |
Read from Best’s annual reports (20-F for 2023, 20-F for 2022, 20-F for 2021) and the financial data it files with the SEC, as of 2024-04-30. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.