Dalian Wanda Group’s chairman Wang Jianlin announced an ambitious property plan this week as the group pivots back to its core business of mixed-use commercial and residential complexes.
In a speech at the southern port city of Nanjing, Mr Wang committed to launching 1,000 mixed-use Wanda Plazas by 2028 in partnership with electronics retailer Suning, which is backed by Alibaba.
The plan shows Wanda focusing on its core property business, and may not strain its stretched balance sheet.
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