City to get Asia's top e-biz center

China's top B2C (business-to-consumer) company 360buy.com plans to build the largest e-commerce distribution center in Asia by 2012, overtaking Amazon's facility in Tokyo.

Liu Qiangdong, CEO of the company, said the new distribution center will occupy 300,000 sq m. A single warehouse might be as big as 150,000 sq m, 20,000 sq m larger than Amazon's warehouse in Tokyo.

360buy.com plans to invest 600 million to 800 million yuan in the new center. It will be completed and go into service in 2012.