Group 1 - The private equity fund "Suzhou Kuanyu Equity Investment Fund Partnership" has been established with a total investment of approximately 22.43 billion yuan (224.29 billion) from 13 companies, including Tencent, which contributed about 9.96 billion yuan (99.59 million) [1][4][10] - Tencent holds a significant stake in the fund, accounting for approximately 44.4% of the total contributions, while other major contributors include Pando Commercial Management with about 4.78 billion yuan (47.80 million) and Sunshine Life Insurance with approximately 4.45 billion yuan (44.54 million) [1][10] - This fund is specifically set up for the acquisition of 48 Wanda Plaza properties, which was previously approved by the State Administration for Market Regulation [4][5][10] Group 2 - The establishment of the fund marks the preliminary completion of a major transaction valued at over 20 billion yuan (200 billion) [2][4] - The fund's total investment amount is significantly lower than the previously speculated 50 billion yuan (500 billion), which was expected to be composed of various financing sources including loans from major banks [11] - The core asset of Wanda is its Wanda Plaza, with a total of 513 plazas across the country, generating substantial rental income [14][13] Group 3 - In the first half of 2023, Wanda Commercial Management reported total rental income of approximately 26.32 billion yuan (263.2 million), with an average rental rate of about 100 yuan per square meter per month [14][17] - The average occupancy rate of Wanda Plazas has remained high, with rates of 97.76% to 98.67% over the past few years [14] - The company has been actively restructuring its assets, having sold nearly 100 Wanda Plazas and other assets in recent years, which has reduced the available assets for monetization [14][13]