China South City Subsidiary Signs Cooperative
Agreement
with People’s Government of Gaoling County in Xi’an
To Develop
Xi’an E-commerce and Logistics Project
to Reinforce the Group’s O2O Business Eco-system
China South City (“the Group”)
is pleased to announce
that Qianlong Logistics Group Limited (“Qianlong Logistics Group”), a
subsidiary of the Group which mainly engages in logistics business, entered
into a co-operative agreement with the People’s Government of Gaoling County in
Xi’an today. Pursuant to the agreement, Qianlong Logistics Group agrees to
undertake the development and operation of an e-commerce and logistics center
in Gaoling County in Xi’an, the PRC (the “Xi’an E-commerce and Logistics
Project”) with the aim of developing a base for modern integrated e-commerce
trading, logistics services and information exchange.
With a total planned land area of approximately 1,200 mu
(approximately 800,000 sq. m.), the Xi’an E-commerce and Logistics Project will
mainly house logistics facilities which are to be complemented by ancillary
facilities that include an e-commerce trading platform and residential
properties. The Group plans to develop the project in phases upon successful
bidding for the land
.
The Xi’an E-Commerce and Logistics Project will not only promote
the growth of e-commerce, warehousing and logistics in Xi’an, but will also
help the Group further strengthen the development and operation of its
e-commerce and logistics business. Leveraging on the China South City Xi’an
project, the Group envisions the building of an integrated online and offline
O2O business eco-system, thereby delivering more value-added and innovative
services to SMEs.
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