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In a bid to aid its liquidity amidst a challenging real estate market, the China-based real estate tycoon, Dalian Wanda Group, is strategizing to liquidate 48 of its shopping complexes. Details of the Deal In this context, a joint venture steered by Hong…
Suning.com, the Fortune Global 500 retailer owned by Suning Holdings Group, one of the largest commercial enterprises in China, recently announced the establishment of its Department Store Group. It will focus on professional operations of fashion department…
Swedish designer brand Nome has launched a new store at Guangzhou Baiyun Wanda. The brand plans to open more than 300 stores in China’s most central shopping centres within a year, with a projected total turnover of more than RMB2 billion (US$290.6 million).…
Dalian Wanda Group and Tencent Holdings Ltd will join forces to set up an internet technology firm, strengthening their position in retail. Dalian Wanda, which Is the largest property developer in China, will own 51% of the venture and Tencent 42.48%, with…
Dalian Wanda Group, the largest mall owner in China, posted a 10.8 percent decline in revenue for 2017 — making it the second year in a row the retailer reported a drop. Wanda explained its performance of only about $35 billion in revenue as being due to…
Wanda Group, one of the Fortune Global 500 List companies, is tapping into the resources of Microsoft Accelerator to enable the next wave of digital transformation of the retail industry and commercial properties in China. For the past four and a half years,…
South Korea’s apparel brand Eland recently signed an agreement with China’s Wanda Group to establish a tourism joint venture in South Korea. This is reportedly the first cooperating result of the two parties since they signed their leisure industry investment…
The founder of Chinese retail, property and entertainment powerhouse Wanda Group says he plans to invest in more globally recognised sports clubs. Wang Jianlin, chairman of Wanda Group, ranked China’s richest man by Bloomberg with assets of $42.1 billion,…
Chinese language property developer Dalian Wanda Group has raised US$807 million by way of a crowdfunding app which might be used to spend money on 5 new Wanda Plaza buying malls. The Wanda crowdfunding app ‘Secure earner No 1’ is the corporate’s first foray…
China’s Dalian Wanda Commercial Properties Co said on Wednesday four investors have agreed to contribute CNY24 billion yuan (USD3.9 billion) over the coming two years as the first tranche of funding to build around 20 shopping malls.
