e-Shang Redwood Group (“ESR”) is a merged group between e-Shang Cayman Ltd (“e-Shang”) and the Redwood Group Asia, Pte. Ltd. (“Redwood”) which now represents the leading developer, owner and operator of modern logistics real estate across Asia. ESR now has over 10 million square meters of projects in operation and under development across China, Japan,South Korea, Singapore and Australia, and capital and funds management offices in Hong Kong and Singapore. e-Shang was initially founded in 2011 by Warburg Pincus and two Chinese entrepreneurs and focuses on developing institutional quality warehouses to cater to the needs of e-commerce companies, “bricks-and-mortar” retailers and third party logistics providers across major gateway markets in Asia Pacific.