JD.com boosts Northern Metropolis logistics hub, but hurdles loom: experts
Mainland Chinese e-commerce giant is part of a consortium that won the first ‘large-scale land disposal’ project in the Northern Metropolis
Jeffrey Lam Kin-fung, chairman of the Hung Shui Kiu Industry Park Company – the first government-owned entity established to accelerate development of the Northern Metropolis – said on Tuesday that JD.com’s participation in the project would strengthen investors’ confidence and help attract others to join in.
“This is a vote of confidence in Hong Kong’s logistics development with such a big investment,” Lam said.
E-commerce giant JD.com is part of a six-company consortium that on Monday won the first “large-scale land disposal” project in the Northern Metropolis for HK$1.03 billion (US$132 million), with total investment projected at HK$16.8 billion.

