Scalper1 News
China’s Dalian Wanda Group, a commercial property, hotel and film conglomerate, announced Friday that it’s teaming with China Internet giants Baidu and Tencent Holdings in a $184 million alliance that, indirectly, could challenge Alibaba Group in China’s flourishing e-commerce market. The three companies will establish the Wanda E-commerce Company, a Hong Kong registered joint venture, with Dalian Wanda Group holding a 70% equity stake and Baidu Scalper1 News
Scalper1 News