Developers, pension funds and data centres lead this week’s wave of personnel news as a mainland logistics firm appoints a member of the New World clan to its board, British Columbia’s Quadreal introduces a new head of research for the… Read More>>
JD Logistics Revenue Leaps 20.9%, Loss Narrows Despite Challenges
JD Logistics narrowed its first-half loss and saw revenue jump 20.9 percent year-on-year to RMB 58.6 billion (now $8.5 billion), as the Chinese warehouse operator weathered uncertainties in the macro environment and the resurgence of COVID-19 at home.
The logistics… Read More>>
JD Property Buys Wuhan Sheds From SC Capital Partners and Unified Industrial
The property division of JD.com has acquired a warehouse facility occupied by the e-commerce giant in China’s Hubei province from Singapore-based SC Capital Partners and Japanese developer Unified Industrial, Mingtiandi has learned.
The 65,000 square metre (699,654 square foot) Wuhan… Read More>>
Asia Real Estate People in the News 2022-05-23
The appointment of a new chairman for a troubled mainland real estate marketplace leads today’s roundup of personnel moves from around the region, with Hong Kong-listed JD Logistics also making the list with its selection of a new finance chief…. Read More>>
JD Logistics Adds to Mainland Shipping Empire with $1B Buy of Freight Manager
Hong Kong-listed JD Logistics is expanding its shipping network on the mainland amid a region-wide boom in the sector, having entered an agreement to buy a 66.5 percent stake in Shanghai-based Deppon Logistics for RMB 8.97 billion ($1.4 billion).
The… Read More>>
JD to Buy Controlling Stake in China Logistics Property for $513M
JD.com’s real estate division has agreed to buy a controlling stake in Hong Kong-listed China Logistics Property Holdings, giving the e-commerce giant an opportunity to beef up its portfolio of distribution centres amid consolidation and rising rents in the warehouse… Read More>>
JD Logistics to Raise Over $3B in Hong Kong IPO and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, JD Logistics is set to raise more than $3 billion from its Hong Kong IPO, Canada’s biggest pension fund praises investment opportunities in South Korea, and Shenzhen plans to tighten residency rules to… Read More>>
China’s JD Logistics Set to Raise $3.2B In Hong Kong IPO and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, JD Logistics is reportedly set to price its Hong Kong IPO near the bottom of the target range, South Korean investors are readying a lawsuit over a Las Vegas construction loan turned sour,… Read More>>
GDS Said Weighing $10B Bid for GLP Data Centres and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Chinese cloud computing firm GDS considers buying data centre assets from logistics giant GLP, Blackstone rolls snake eyes in its bid for Australian casino operator Crown Resorts, and CDL announces support measures for… Read More>>
GLP Raises $850M From Sale of Perpetual Green Bonds and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, warehouse giant GLP raises $850 million in a record-breaking green-bond sale, JD.com’s logistics offshoot sets sights on a $3.4 billion IPO, and Warburg Pincus reportedly exits a student housing venture in India.