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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…
Chinese billionaire Wang Jianlin’s Dalian Wanda Group Co. plans to invest billions of euros in a retail and leisure development outside of Paris, Bloomberg reports, citing people familiar with the matter. Wang said at the University of Oxford on Tuesday that…
