The conglomerate, which is controlled by Wang Jianlin, has 400 Wanda Plazas across China. Photo: Reuters
The conglomerate, which is controlled by Wang Jianlin, has 400 Wanda Plazas across China. Photo: Reuters

Wanda sets up venture to sell Red Flag limousines in China even as it distances itself from the costly business of making cars

  • Wanda Automobile Technology Services was founded on Monday with a registered capital of 100 million yuan (US$15.65 million), according to sources
  • Last month, Dalian Wanda formed a partnership with FAW to provide user experiences for owners of the latter’s Red Flag cars

Topic |   China property
The conglomerate, which is controlled by Wang Jianlin, has 400 Wanda Plazas across China. Photo: Reuters
The conglomerate, which is controlled by Wang Jianlin, has 400 Wanda Plazas across China. Photo: Reuters
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