Best Logistics (IFC-37837)

  • China
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Mar 31, 2016
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 20.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 30.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jul 13, 2017

Disclosed by Bank Jan 5, 2016

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.
Best Logistics ("the company") is a leading provider of domestic express, less-than-truck-load (LTL) road freight, and supply chain management services focused on e-commerce, covering all geographical regions in China. Products handled and stored by the company at its warehouses are predominantly consumer products like sports gear and apparel. The company currently owns and operates about 50 large and medium distribution centers and warehouses throughout the country, with an average total floor space of about 8,000-10,000 square meters but this varies across facilities. About 200 external trucking transport companies are engaged by the company as contractors to transport packages and goods over short, medium, and long distances, up to 1,500km one way for long haul routes. Together these contractors operate about 2,800 container trucks to serve the company's needs, which are considered core third party transport vehicles of the project. A portion of these trucks are owned by those contractor companies, who assign their employee-drivers to transport goods for the company mostly on fixed one-way or two-way routes; while other freelance truck drivers who own their trucks are called upon by a contractor to take up a particular transport job when the need from Best Logistics arises.The proposed IFC financing ("the project") will consist of an equity investment of up to US$30 million to support the Company's operational expansion.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.
Contact Person: Angel Wan Best Logistics Technology (China). Co., Ltd. Address: 5/F, Block A, Huaxing Modern Industrial Park 18 Tang Miao Road, Hangzhou, Zhejiang P.R. China Phone: +86 571 88995656 Facsimile: +86 571 88270027 ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at You can learn more about the CAO and how to file a complaint at

How it works

How it works