August 19, 2014 (Tue): Wan Jianlin, chairman of Dalian Wanda Group and also one of the richest people in China, has announced that Wanda Group will invest 5 billion yuan to form Wanda’s e-commerce business, Observe Intelligence reports.
Wanda Group was founded in 1988 as a residential real estate company by Wang. Since 2005, it has diversified into areas including hotels, cinemas, karaoke centres, and department stores.
