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China's privately-held Dalian Wanda Group is set to launch a 5bil yuan (RM2.56bil) e-commerce joint venture with domestic internet giants Tencent Holdings Ltd and Baidu Inc, according to two sources familiar with the investment.
The partnership will aim to transform Wanda’s huge bricks-and-mortar presence into ‘smart’ shopping centres, and drive online traffic through Tencent’s platforms including WeChat
China's Wanda Group, headed by the country's richest man, is joining Internet giants Baidu and Tencent to set up an e-commerce platform costing more than US$800mil (RM2.52bil), it said Friday.
IBM and a unit of China's Dalian Wanda Group, a property and entertainment conglomerate, agreed to team up to provide cloud services to Chinese companies, the US technology provider said.
Chinese conglomerate Dalian Wanda Group plans an initial public offering for its Internet finance business, betting on booming growth as it leverages the millions of customers packing its shopping malls, Chairman Wang Jianlin said on Jan 18.
Wang Sicong has crossed a line with the Chinese public after abusive texts were made public by a woman. Sun Yining found herself forced to deal with increasingly aggressive conversations with Wang.
As consumers worldwide increasingly turn to buying online instead of going out shopping, Chinese billionaire Wang Jianlin thought he could get ahead of the threat to his 185-mall empire by launching an app to lure people in.
Fintech is changing the way people borrow, invest and pay for things. But there’s another type of technology – most noticeably in China – that’s altering the way urban dwellers interact with their living and shopping environments.