The innovation headquarters of YTO Aviation Group will be built in the Xiuzhou National High-tech Zone in Jiaxing, East China's Zhejiang province, local media reported on July 26.

The project received a total of 3.3 billion yuan ($488.01 million) in investment and is the most important supporting project of YTO's global aviation logistics hub.

The construction includes a business platform of the YTO aviation segment, a YTO Aviation Group headquarters, a YTO commerce and trade headquarters, an administrative management center, a talent center and a strategic decision-making center.

The innovation headquarters is expected to increase main business income to 3 billion yuan in 2030 and tax payment to nearly 300 million yuan.