UC Express, GLP set up fund to develop logistics infrastructure in Western China

UC Express, GLP set up fund to develop logistics infrastructure in Western China

Image from pixabay.

Shanghai-based courier services provider UC Express and SGX-listed Global Logistic Properties (GLP) have teamed up with a unit of Bank of China to raise about RMB2 billion to RMB3 billion ($290 million to $440 million) under a newly-formed logistics fund.

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