Four of China’s biggest companies – Tencent Holdings, JD.com, Sunac China Holdings and Suning Commerce Group – have invested a combined 34 billion yuan (US$5.4 billion) for a total 14 per cent stake in Wanda Commercial, the country’s largest owner and operator of shopping malls and part of the Dalian Wanda Group led by billionaire Wang Jianlin. Who are the four and why did they put up the money?
Tencent goes old school as it leads US$5.4b investment in Wanda Commercial…
Source : South China Morning Post
Read more…Explainer: the four big Chinese firms investing in shopping centre operator Wanda, and why they did it















