GLP has announced the lease of a further 106,000 sq m of warehouse space to 3PLs operating in China over the last two months.
Its latest customers are domestic express and LTL providers. Specifically, it is extending partnerships with three of its existing 3PL customers, one of which is Best Logistics. It is also establishing a new customer relationship with Yimidada.
Victor Mok, Co-President of GLP China said: “The fundamentals of China’s logistics market remain strong, driven by continued growth of organized retail including e-commerce. We see new customers emerging, including aggregators of previously fragmented operations.”