JINGDONG Property Adds New Logistics Infrastructure in Japan

JINGDONG Property, Inc. ("JDP"), a leading and rapidly growing modern infrastructure investment and asset management platform of JD.com, has successfully completed the acquisition of two stabilized logistics assets totalling approximately 103,000 square meters strategically located in key distribution hubs in Tokyo and Nagoya.

"We are pleased with the addition of this logistics portfolio in Japan," said Cao Dong, CEO of JDP. "This acquisition demonstrates our continued confidence in the sector across the region and our team's capability to operate in new markets."

"This transaction represents an important step in growing our regional business," said Richard Law, Head of Asia Pacific at JDP. "Japan logistics properties continue to benefit from robust demand arising from growth in e-commerce and industrial production. This investment aligns with our strategy to capitalize on long-term growth trends in Japan. We will continue to explore additional opportunities to expand our presence and capabilities in Japan and the Asia Pacific region."

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About JINGDONG Property, Inc.

JINGDONG Property, Inc. (www.jdp.com.cn) is a leading and rapidly growing modern infrastructure investment and asset management platform of JD.com. Its business includes investment, development and asset management of logistics parks, business parks, data centers and others. As the cornerstone of JD.com's supply chain ecosystem, JDP is equipped with deep insights into merchandise and logistics flows and has a unique ability to integrate business resources. We are well-positioned to serve consumption-driven demand and transform local economies. Leveraging our core competencies across infrastructure assets, development expertise, service capabilities and actionable insights, we provide bespoke, holistic and intelligent infrastructure.

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