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Tencent leads $5.4 billion investment in Wanda Commercial
short by Aditi Verma / on Tuesday, 30 January, 2018
China's Tencent has led a $5.4-billion investment in the country's largest commercial property company Wanda Commercial. Tencent along with Suning Holdings, Sunac China Holdings, and JD.com, will acquire 14% stake in the company. Following the deal, Wanda Commercial will utilise the online resources owned by Tencent and other investors.
read more at Bloomberg