BEIJING: China’s privately-held Dalian Wanda Group is set to launch a 5 billion yuan (US$813mil) e-commerce joint venture with domestic internet giants Tencent Holdings Ltd and Baidu Inc, according to two sources familiar with the investment.
The e-commerce venture, which would be 70% owned by Wanda and 15% held by Tencent and Baidu respectively, was set to be announced later this week, the people said.
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