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Chinese real estate developer Dalian Wanda Group will reportedly open 17 shopping centres this month. The group recently opened its 300th plaza in Hubei province, a 105,000sqm shopping centre based in Xianning – the first enclosed mall in the city – including…
Three Chinese e-commerce giants led by Tencent are buying into shopping centres as part of an alliance that will help fund property magnate Wang Jianlin’s HK$30 billion (US$3.8 billion) plan to take his Dalian Wanda Group private. Jianlin describes it as the…
Dalian Wanda Group’s revenue has fallen for the first time in at least 11 years after a slump in its property business outweighed growth from its entertainment interests. Sales last year fell 14 per cent from 2015, while revenue at Dalian Wanda Commercial…
Mall operator Dalian Wanda Commercial Properties is partnering with Suning to open electronics stores at Wanda Plazas throughout the Mainland. The partnership will see 40 stores open by the end of this year with more planned for next year. Suning, now 20 per…
Nearly a year after three giant Chinese companies teamed up to take on Alibaba, the newly-mintedeCommerce store finally and quietly launched this week. The site, Ffan, is the result of a billion-dollar joint venture between Tencent, Baidu, and Wanda Group, a…
China’s Superstar days are over. Hong Kong listed retail group Dalian Wanda is to close down China’s largest karaoke chain Superstar, a victim of the mainland government’s mission to discourage excessive spending on entertainment and gifts. The company has…
