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Wanda Announces 5 Billion Yuan Investment to Enter E-Commerce Business


Wanda Announces 5 Billion Yuan Investment to Enter E-Commerce Business - Observer Solutions Blog

Eyeing the huge potential of China’s e-commerce market, China’s biggest billionaire Wang Jianlin (王健林), chairman of Dalian Wanda Group announced recently that Wanda Group will invest 5 billion yuan to form Wanda’s e-commence business and seek partnerships with several large e-commerce companies in China.

Wanda is one of China’s largest real estate developers, and also the world’s largest operator of movie theaters after its purchase of AMC Entertainment Holdings for US$ 2.6 billion in 2013.

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