Wanda E-commerce, the online business of Dalian Wanda Group, has received 1 billion yuan (161 million dollars) funding from Alibaba’s direct competitors Tencent and Baidu. According to Wanda Group, the investment values 4-month-old Wanda E-commerce at 20 billion yuan (3.22 billion dollars). Dalian Wanda Group Co. Ltd., one of China’s largest...
Jan 7, 2015