May 31, 2018 (China Knowledge) - China's e-commerce giant, JD.com invests USD 306 mln in Asian logistics real estate, ESR Cayman Ltd, backed by private equity firm Warburg Pincus LLC.
ESR was formed by a merger between Shanghai-based warehousing services firm e-Shang and Singaporean logistics real estate investment firm, The Redwood Group. ESR would cooperate with JD in key areas such as investment across the region, property development and fund management. ESR says the deal will deepen the strategic cooperation and synergies between the two companies and aim to work together towards high standards logistics services for customers and businesses in China and beyond.
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