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Dalian Wanda Eyes Growth, Plots Mall Expansion

The Wanda Plaza mall in Nanchang
The Wanda Plaza mall in Nanchang. (Shutterstock. )

The mainland’s largest commercial property company has sold off billions of yuan worth of assets to shrink its debts in recent years, but Dalian Wanda is once again eyeing growth by way of new retail complexes and movie theatres, Nikkei Asia reports, in a move sources see as appeasing Beijing’s focus on domestic investment.

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Further Reading

Chinese Mall Management Giant Files for Hong Kong IPO

Zhuhai Wanda Commercial Management Group, the property servicing arm of Dalian Wanda Group, has filed for a Hong Kong stock exchange listing and, according to Chinese media reports, is seeking to raise between $3 billion and $4 billion.

About the author
Zoe Suen

Zoe Suen is a contributing writer at The Business of Fashion. Suen is a freelance writer, editor, and consultant who writes about luxury fashion and beauty.

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