By  on January 30, 2018

HONG KONG — Striking one of the world’s largest single strategic investments between Internet and brick-and-mortar commercial giants, late on Monday night China’s Tencent Holdings announced its lead investment to take a 14 percent share in one of the country’s largest mall developers, Dalian Wanda Commercial Properties.

The deal will see the WeChat owner, alongside prominent retailers Suning Holdings, JD.com, and the country’s fourth largest property developer Sunac China Holdings, invest approximately 34 billion renminbi, or $5.38 billion.

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