Fanhua Property has decided to build a logistics base covering an area of 2.33 hectares in Jiujiang City, located in east China's Jiangxi Province.
Industry insiders are of the opinion that US retail giant Wal-Mart will possibly become the operator of this project.
Wal-Mart is turning to leasing for its projects in China. Four companies including Wanda Group and Fanhua Property are Wal-Mart's long-term cooperative partners in the country.
Industry insiders also noted that senior officials from Wal-Mart have conducted surveys in Jiujiang and Jingdezhen cities in Jiangxi since the first half of this year. Once the logistics base is built by Fanhua Property, Wal-Mart will possibly lease the buildings for its operation in Jiujiang.
