China’s Dalian Wanda Group has teamed up with Baidu, Inc. and Tencent Holdings Limited to establish a joint venture e-commerce company in Hong Kong with an initial investment of RMB5 billion (US$810 million), according to a joint announcement. Wanda Group will hold 70% of the joint venture. Baidu and Tencent will each hold 15%. The […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.