Li & Fung’s LF Logistics unit has opened a one million square-foot logistics facility in Singapore.

The company said the new high-tech and sustainable center serves as a logistics hub for Li & Fung’s e-commerce business. It is located in Jurong West and is the company’s largest distribution facility in Southeast Asia.

Citing a report from researcher Forrester, Li & Fung estimates that total online retail revenue will nearly double in the Asia Pacific region from $733 billion in 2015 to $1.4 trillion in 2020, registering a compound annual growth rate of 14.3 percent over the next five years.