YTO Express is looking to set up a 5bn yuan ($735m) logistics hub in coastal Zhejiang province, according to local sources. The company is reportedly looking to set up the expanded facilities in Yiwu – the city where YTO held an international summit to promote its new Global Parcel Alliance.
According to reports, the new centre will include a range of facilities, including an e-commerce industrial zone, an air logistics hub and wide range of distribution facilities.
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