Hangzhou, the capital of Zhejiang Province, is the political, economic and cultural hub of Zhejiang and the second largest central city in the Yangtze River Delta (YRD).
Hangzhou is strategically located in the south of the YRD and is a major transportation hub in Southeast China. There are three railroads and four expressways in the city that are well connected to Shanghai, contributing to the “amalgamation” of Shanghai and Hangzhou.
At present, Hangzhou has served as a base for 30% of the country’s software businesses, thanks to its mature high-tech and Internet industries. This makes it one of the top ten software industry bases in China. At the same time, high-tech industries, including microelectronics, information and communication, and bio-engineering have also played a large part in adding value to the region. Among the list of Fortune 500 companies, 37 have settled in Hangzhou. This has created a strong investment environment for the logistics industry and modern service industry.
Prologis owns and operates logistics and distribution facilities in Hangzhou.
Data as of December 31, 2021.