Second time’s a charm for Wanda's O2O bet

Troubled property firm teams up again with internet giant Tencent as it seeks a solution for its commercial property arm ahead of a relisting deadline. Will it do better than a previous tie-up?

Second time’s a charm for Wanda's O2O bet

Back in 2014, an ambitious property mogul named Wang Jianlin set out plans to work with up-and-coming tech player Tencent to carve out a slice of the burgeoning online-to-offline retail space for his Wanda Group empire.

It didn't quite work out. That venture, ffan.com, never took off and investments from Tencent and search giant Baidu never actually came to fruition.

Wanda and Wang have been through the mill since then, with...

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