
Chinese e-commerce firm JD.com Inc. has invested US$306 million in Warburg Pincus-backed Asian logistics real estate developer and operator ESR Cayman Ltd., according to an announcement by ESR today. JD.com is beefing up its logistics investments. Just last week, it acquired 10% of Hong Kong-listed China Logistics Property Holdings (CNLP) for HK$899 million (US$114.52 million). “Investing in ESR, a leading pure-play pan-Asia logistics real estate platform and one of our major warehouse partners, presents tremendous opportunities for us,” said Zhenhui Wang, …
JD.Com Invests $306M In Logistics Real Estate Developer ESR appeared first on China Money Network.
