Market Chatter: JD.com Buys Two Warehouses in Japan for 35 Billion Yen

MT Newswires Live2024-12-27

JD.com's (HKG:9628) property arm acquired two warehouses in Japan for 35 billion yen, The Standard reported Friday, citing online Asian real estate media Mingtiandi.

The publication said the warehouses are located in Chiba and Nagoya, with a total gross floor area of 103,000 square meters.

JD Logistics (HKG:2618) plans to expand its warehouse network in Asia-Pacific in the next few years to increase the speed of its deliveries in other countries, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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