The two tech companies attempted to link Wanda’s portfolio of more than 100 malls to China’s growing legion of online shoppers. The company is now 100% controlled by Wanda affiliates, forbes.com reports.
Wanda has attempted to transform itself into a USD 200 billion conglomerate operating across business areas as diverse as theme parks, online finance and sports marketing.
The three companies invested USD 814 million to create the USD 3 billion ecommerce platform.
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