JD.com's real estate investment subsidiary, JD.com Smart Industrial Development Co., Ltd., in collaboration with Partners Group and EZA Hill Property, intends to establish a real estate investment trust (REIT) in Singapore with a potential value exceeding $1 billion. This REIT is anticipated to list on the Singapore Exchange as soon as next year, with all establishment procedures aiming to be completed by October at the latest. To date, JD.com, JD.com Smart Industrial Development, Partners Group, and EZA Hill have refrained from commenting on this development.
