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An Amazon fulfillment center in New Jersey. Photo: Julio Cortez / AP

Global Logistics Properties, Asia's largest warehouse owner, has paid $2.8 billion for European logistics company Gazeley, per the FT. That will allow GLP — with an existing foothold in the United States, China, Japan, and Brazil — to expand its reach to developed European markets like the United Kingdom and France.

Why it matters: GLP's largest shareholder is Singapore's sovereign wealth fund, so consider this purchase an Asian bet on the underlying businesses behind Amazonization — the inexorable rise of online shopping. Gazeley inked Amazon as a major tenant for its U.K. warehouses last year.

Go deeper

Georgia governor declines Trump's request to help overturn election result

Georgia Gov. Brian Kemp. Photo: Elijah Nouvelage/Getty Images

Georgia Gov. Brian Kemp pushed back on Saturday after President Trump pressed him to help overturn the state's election results.

Driving the news: Trump asked the Republican governor over the phone Saturday to call a special legislative session aimed at overturning the presidential election results in Georgia, per the Washington Post. Kemp refused.

Philanthropy Deep Dive

Illustration: Aïda Amer/Axios

A look at how philanthropy is evolving (and why Dolly Parton deserves a Medal of Freedom).