SHANGHAI: 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.
The three Chinese companies will initially invest five billion yuan (RM2.56bil) in the project, Wanda chairman Wang Jianlin told a news conference in Shenzhen, adding their total funding could reach 20bil yuan (RM10.26bil) within five years.
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