JD Warehouse-Backed REIT Jumps 11.6% in Shanghai Debut

A real estate investment trust (REIT) backed by warehouse assets of e-commerce giant JD.com debuted on the Shanghai stock exchange Wednesday, raising 1.76 billion yuan ($259 million).

The trust, with three logistics parks run by JD as underlying assets, is the first REIT of its kind issued by a private company in China. It is part of a regulatory push for publicly traded infrastructure-focused REITs to expand funding for infrastructure investment.