BEST Global Partners and Phoenix Global Partners completed the merger with BEST in a $54.2m deal.

BEST Global Partners, a consortium comprised of BEST’s CEO Shao-Ning Johnny Chou, BEST’s chief strategy and investment officer George Chow, and Alibaba Investment, and Phoenix Global Partners, a wholly-owned subsidiary of BEST Global Partners, completed the merger with BEST, a smart supply chain service and logistics solutions provider, in a $54.2m deal.