CPPIB, Goodman add $1.75 bln to China logistics investment: Reuters
Australian property developer Goodman Group Pty Ltd and Canada Pension Plan Investment Board (CPPIB) have committed an extra US$1.75 billion of equity to their Chinese logistics partnership to further expand in China, Reuters reported. The funds, 80 percent of which will come from CPPIB, will take the partners’ total equity commitment to US$5 billion. The investment increase is the latest in China’s logistics industry which is experiencing a boom in demand for warehousing and delivery from e-commerce companies such as Alibaba Group Holding Ltd and JD.com Inc.
23 August 2018•2 mins read
