Global Logistic Properties (GLP) has leased 190,000 sq m to JD.com, a Chinese e-commerce company. JD.com will utilize the facilities to expand its distribution network to meet increasing e-commerce demand across China. JD.com is one of GLP’s largest customers by leased area.
Kent Yang, President of GLP China said, “We are excited to further expand our partnership with JD.com in China. We have seen strong demand for our logistics facilities, in part driven by the robust growth of e-commerce. The collaboration announced today highlights the value GLP’s network provides in enabling our customers to rapidly expand distribution capacity. We look forward to supporting JD.com as they continue to grow in China.”
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