Wanda E-commerce quadruples value as it completes first round of financing

Wanda E-commerce, a joint venture between Dalian Wanda, Tencent and Baidu has finished its first round of financing that quadruples the value of the 4 month-old company at 20 billion yuan (HK$25.4 billion), according to domestic reports on Monday.

via South China Morning Post - Business feed http://ift.tt/1rVZ1SH