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I now but worried about slower growth.
Chinese online retailers generated 121 billion dollars and is up 66%.
For 2010 our next guest is poised to profit from that.
From the revenue joining us -- Fox Business exclusive.
-- on his chairman and co CEO of the industrial -- ProLogis and bit much for coming on the show actually -- followed your company for quite some time because of the type of investing you do.
So now what you're seeing globally is that these online retailers in China for example need more space.
Your the one that's benefiting from.
Actually we see that all around the world China as just one example of -- and the traditional retail stores.
Are not as developed there so there -- leapfrogging that technology and almost going to the online.
Mode faster than other places but we're seeing it in Japan in Europe and states all over the place.
Really isn't China set to surpass the United States as far as e-commerce -- the Chinese because of that growing middle class.
Willing grabbing on to their version of Amazon for sure they have four times a population so you would think eventually they'll they'll catch up but.
But that the US isn't as a pretty important market as well for economics you mentioned Japan just signed an agreement with an online re teller.
But yet yet a lost decade Lisa kind of have by the -- -- reminds me think of Japan do you think that this there's a turning point for Japan now so.
I'll give you -- factor which affects Japan and actually Europe for us we've been in both places for about a decade.
We built a market leading business in both Japan and Europe -- made more money than any other region in the world.
But -- to two slowest growing regions in the world so.
In our business -- really growth doesn't require GDP growth as long as -- -- of restructuring of the supply chain.
And new ways of doing business we -- there to serve our customers and profit from.
Okay Amazon is what are your customers obviously that's filing your bigger customers but you know are you nervous about.
The online sales tax fight it looks like it's most likely gonna go national are you does that are hard working.
Assumption has always been that that's going to be a level playing field eventually make sense and and really what it will do is bring some of these -- larger warehouses that are now remote locations closer to the major cities.
And frankly that plays right in our apparently because our big holdings are in the major cities OK we talked about -- let's -- thought America.
Brazil is on fire right is that still an act.
Brazil is on fire even though the economy's flattening to consumption.
Is just accelerating from -- -- the international retailers the local retailers are taking space.
There is it dearth of more modern logistics -- in Brazil.
Mexico same story growing middle class on fire -- -- class and Mexico is feeling it not.
North American man at upper North America -- and -- the auto sector coming back helps logistic business in Mexico but I think the real big story Mexico's consumption.
Okay let's talk about about Europe because -- losses to the liquidation in Europe -- at the same time we've been reporting on the -- that there is a massive slowdown and huge unemployment numbers.
In Europe -- mean -- risky move for you -- budget make it well.
-- -- -- this clearly the weak us economy anywhere in the world I mean doesn't take a genius to figure out that there are going through their difficult times.
And I think it's very much like RUS economy no way to -- nine.
But -- three and fifty million people by some measures are 500 million people if you get the bigger definition.
They still have to eat they still have to club and there and themselves and their children that creates a lot of demand.
And I hope that they can shop honey before I let you go really -- you do pay a dividend.
On any change your stock is up thirty but 3436%.
-- -- the last year any chance you might up that dividends development well about a you -- have you gonna have to wait to know the answer would have been nice track.
What I did and I had a shot all right how many nodded and thank you very much for -- and it's chairman -- --
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