PropertyAsia logistics attracts billions as post-pandemic winner
Foreign funds rush to acquire distribution centers amid e-commerce boom
Chinese logistics centers, like this one in Nanjing, have become a hot commodity for yield-seeking investors. © Reuters
TAIZO WADA, Nikkei staff writer
TOKYO -- As China shakes off the economic impact of the coronavirus outbreak, investors have flocked to funds focused on logistics facilities there and elsewhere in Asia, anticipating that growth in e-commerce will drive strong demand even after the pandemic.