Wanda to sell hotels to developer
Dalian Wanda Group will sell 77 hotels to developer R&F Properties instead of Sunac China, Sunac’s chairman said on Wednesday. In the initial agreement announced last Monday, Wanda said it planned to sell tourism projects and the entire set of hotels in the country to Sunac for $9.3 billion. The three companies confirmed the alterations to the deal in a joint announcement and also said Wanda will now sell 91 percent of 13 cultural projects to Sunac China for 43.8 billion yuan, up from 29.58 billion yuan.Wanda Commercial, the property unit of Dalian Wanda, has 100 billion yuan of cash on hand, and will get 68 billion yuan from the Sunac and R&F deals, Wanda Chairman Wang Jianlin added. announced on Wednesday it expanded cooperation with German football club FC Bayern Munich to tap into the video gaming market. DHL will work with Bayern on the launch of the game which is scheduled to be released in late September. Details of the cooperation have not yet been disclosed, but the company said this drive is based on the massive potential of the computer games market and the e-sports sector in particular. In 2015, DHL helped Bayern to launch its online flagship store on Alibaba’s Tmall Global and help the latter sell the club’s official merchandise in China.