Wanda E-Commerce Scores $160M Investment From Two Financial Investors

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Wanda E-commerce, a joint-venture e-commerce firm established by China’s Dalian Wanda Group, Baidu, Inc. and Tencent Holdings Limited in August 2014, has received RMB1 billion (US$160 million) investment from two financial investors, according to an official announcement.

The investment values Wanda E-commerce, which is expected to be fully operational in the fourth quarter of 2015, at RMB20 billion (US$3.21 billion), a valuation that has quadrupled since the time of its establishment four months ago.

China Money Network

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