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International Cooperation Department
Tel.: (+86-21) 65853850-8034
Fax: (+86-21) 65373125
E-mail: ICDept@sisi-smu.org
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Logistics |
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| JD.com, ESR warehouse giant tie-up to exploit Asian e-commerce |
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Date:2018-05-18 Readers:
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CHINESE leading e-commerce company NASDAQ-listed JD.com Inc has invested US$306 million in ESR Cayman Limited (ESR), a leading pan-Asia warehouse owner-operator.
JD and ESR will explore cooperation in
multiple areas, including property development, fund management and
investment across the region.
China's e-commerce, the largest and most innovative in the world, has ignited a logistics boom, said the joint statement.
According to the Bureau of Statistics of China, in the first quarter of
2018, online retail sales in China reached US$307 billion, accounting
for 21.4 per cent of total retail sales.
"The investment in ESR will further strengthen our relationship to
solidify and expand our logistics networks," said JD Logistics CEO
Zhenhui Wang.
Said ESR chief executive Jeffrey Shen: "We are very excited to have JD.com become a long-term shareholder of the company."
http://www.shippingazette.com/menu.asp?encode=eng
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