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Warehouse operator GLP launches USD2 bn China logistics fund

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 Insights

11-Sep-18 GLP, Asia’s largest warehouse operator, has launched a USD2 bn China fund in partnership with Singapore sovereign wealth fund GIC, as it continues to tap into the growing demand for warehousing fuelled by a boom in e-commerce. [image: South China Morning Post]

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PPG to build new paint, coatings center in China

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 Insights

10-Sep-18 PPG has acquired land in Tianjin, China, where it plans to build a new, state-of-the-art paint and coatings R&D centre. The facility, which will be located in the Tianjin Economic and Technology Development Area, will be completed in 2021. [image: Body Shop Business]

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Eros pacts with China’s Xiaomi for Indonesia launch

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 Insights

07-Sep-18 Indian streaming platform Eros Now is to launch in Indonesia through a partnership with Chinese mobile phone group Xiaomi. The deal expands the companies’ partnership to Indonesia, one of the world’s most populous nations with 261 mn residents. [image: Xiaomi]

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Dubai wealth fund ICD launches new logistics firm

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 Insights

05-Sep-18 ISS Global Forwarding has been set up by Investment Corporation of Dubai, and will invest in the Middle East, Africa, Europe and India, later expanding to Asia and China. The company will focus on freight forwarding and contract logistics. [image: Arabian Business]

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