Shanghai Yupei (Group) Invests US$300 Million in Establishing an e-Commerce Logistics Project in Changzhou Aviation Industrial Park

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CHANGZHOU, China, Sept. 29, 2014 /PRNewswire/ -- Shanghai Yupei (Group) signed a cooperative agreement with the administrative committee of Changzhou National Hi-Tech District on September 2, whereby Yupei will invest US$300 million in establishing an e-commerce logistics project in Changzhou Aviation Industrial Park.

Yupei's Changzhou e-commerce industrial park, co-invested and developed by Shanghai Yupei (Group) and US-based The Carlyle Group, will become home to a number of companies, among them Japan Itochu Logistics, while, at the same time, setting up its own e-commerce platform and logistics platform companies. The park will be equipped with a warehouse, logistics facilities as well as billing and distribution centers. The chief products handled by the park at present are Midea and Gree brand home appliances.

With Changzhou Airport as a key driver of business in the region, Changzhou is striving to develop the aviation manufacturing and aviation services sectors. Changzhou Aviation Industrial Park has been approved to establish a block of general aviation controlled airspace, with a flight zone encompassing a maximum of 1,720 square kilometers and a flight height of up to 3,000 meters. The airspace will be used by the park's resident companies for the flying of their general aircraft.

Shanghai Yupei (Group) is a specialized developer of industrial parks, focusing on the integrated operation of e-commerce, warehousing and modern logistics facilities. The group has developed 60 warehouse and logistics parks as well as e-commerce operation centers in China. Major business partners include several well-known companies, including Germany's Bosch and Siemens Home Appliances, Taiwan's Ting Hsin International, US-based Coca-Cola as well as Alibaba, JD.com and Xiaomi Technology. http://www.cznd.gov.cn
 

SOURCE Changzhou National Hi-Tech District

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