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E-Commerce Explosion in China Behind GLP’s New $2.1B Fund

Fashion is at a crossroads: continue with cutting-edge strategies developed to persevere during Covid or slide back into familiar (yet unprofitable) habits? Get the experts' perspective at our in-person Sourcing Summit, Oct. 19 at New York’s Cipriani 42nd Street.

Global logistics company GLP closed on its newest fund, citing China’s strong e-commerce growth as a factor behind the creation of the investment facility. With a total investment capacity of 15 billion yuan ($2.1 billion) in assets under management, the GLP China Income Fund I is also driven by investor demand and increasing domestic consumption…

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