Press "Enter" to skip to content

Wanda sold retail store chain to Suning


Wanda Group, the big China real estate developer led by billionaire Wang Jianlin, has continued to offload non-core assets by selling a department store chain to, one of China’s largest online and offline retailer.

Suning said in a press release today it will take over 37 department stores with a membership of four million consumers. Suning’s Shenzhen-traded shares rose by 3.1 per cent after the announcement.

The agreement is the second since the . . .

To continue reading, please subscribe. You will get

  • An indispensable and reliable source of information on China's economy and financial markets
  • Original and in-depth reporting 
  • Details, data and perspectives you don't read elsewhere
  • THE WIRE - a real-time financial news platform focused on China
  • Daily Brief newsletter to get you prepared for every trading day

FREE TRIAL cancel anytime


We highly value independence. We are solely funded by subscriptions from thousands of readers like you. Not ready for our full service? Try Free Weekly Newsletter first.


Already have an account? Sign In