Investors pour US$12b into China's logistics sector
Carlyle Group LP, Canada Pension Plan Investment Board, Warburg Pincus riding on nation's online shopping spree
Thu, Aug 25, 2016 - 5:50 AM
China's logistics market reached one trillion yuan in 2015, led by an increase in so-called storage spending that includes warehousing, processing and packaging of goods.
WHEN US private equity heavyweight Warburg Pincus started looking at China's logistics sector in late 2009, there were more modern warehouses in Boston than in the whole of the world's most populous country.
But as Chinese consumers embarked on an online shopping spree,...