No 7 Dalian Wanda Group Co Ltd with revenue of 50.7 billion yuan

Chinese conglomerate Dalian Wanda Group Co Ltd has now set its eyes on e-commerce with an ambitious plan to use its offline dominance in online business.

Wang Jianlin, founder and chairman of Wanda Group, said in a company meeting that his company will team up with several leading e-commerce players in China to set up an e-commerce company with an initial investment of 5 billion yuan.

Wang Jianlin, chairman of Wanda Group [Photo/IC]

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