BEST Inc. (BEST) is a Chinese logistics and supply chain management business that is rapidly building out infrastructure. But just as with JD.com's (JD) logistics business, there will come a time when most of the investments are done and the company can take its foot off the CapEx accelerator, which is supposed to be the time when the money starts flowing in.
Of course, the inexorable rise in e-commerce is the main driver, with rising expectations about order fulfillment leading companies to increasingly seek external specialist partners like BEST. There has been good