Shanghai-based e-Shang, a leading warehousing developer and operator, announced on Thursday that it has entered into a financing agreement with Goldman Sachs on a $120 million pre-IPO loan.

Goldman Sachs will provide the loan to e-Shang to help the company capitalize on significant growth opportunities in the logistics sector driven by rising urbanization, a continued shift toward a consumption-based economy and strong government support to build a comprehensive logistics infrastructure in China

Additionally, Warburg Pincus, a leading global private equity firm focused on growth investing and a major shareholder of e-Shang, has committed a third round of investment to fund the company's continued growth, bringing its total commitment to e-Shang to date to over $200 million.