Comment on Real Estate Giant Wanda Acquires Controlling Stake in Payment Service 99Bill by Real Estate Giant Wanda Acquires Controlling Stake in Payment Service 99Bill - Kungpao.tv

['Tracey Xiang', 'More Tracey Xiang', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar'] Comments for TechNode 2014-12-26 00:00:00

Wanda Group, a leading Chinese commercial real estate company, has acquired a controlling stake in 99Bill, a digital payment solution provider. 99Bill will be the digital payments solution for all of Wanda’s businesses, including e-commerce. In December 2013 Wanda launched Wanhui, a digital service for subscription members of Wanda’s department stores. Wanhui’s website and mobile app lists information about stores, promotional activities, group-buying deals, digital coupons, etc, at each Wanda department store. Wanda hopes to channel users from the two Chinese internet giants’ services and leverage their resources in social and search respectively.