Tencent Holdings has partnered with Suning Commerce Group, JD.com and Sunac China Holdings to buy a 14 percent stake in Wanda Commercial Properties for 34 billion yuan (US$5.4 billion). The deal is seen as the world’s single biggest alliance between current economy and bricks-and-mortar businesses. It is expected to help build a current retail model in China […]
Source: ejinsight.com