Mei Ri Jing Ji Xin Wen·2025-08-26 14:17Group 1 - The establishment of the private equity fund "Suzhou Kuanyu Equity Investment Fund Partnership" has been officially completed with a total investment of 22.429 billion yuan [2][4] - Tencent is the largest contributor to the fund, with a subscription amount of approximately 9.959 billion yuan, accounting for about 44.4% of the total [2][6] - The fund is specifically set up for the acquisition of 48 Wanda Plaza properties, which was approved by the State Administration for Market Regulation three months prior [4][6] Group 2 - The second largest contributor to the fund is JD.com, through its wholly-owned subsidiary, with a subscription amount of approximately 4.780 billion yuan, representing about 22.2% [6][8] - Sunshine Life Insurance is the third largest contributor, with a subscription amount of approximately 4.454 billion yuan, accounting for about 19.86% [8] - The fund's total investment amount is significantly lower than the previously speculated 50 billion yuan, which was expected to be raised through various financing channels [8] Group 3 - The Wanda Group has been facing liquidity issues, prompting Tencent to engage in multiple asset acquisitions related to Wanda [6][10] - As of the end of 2024, Wanda operates 513 Wanda Plazas across the country, with a total commercial operating area of 70.9 million square meters [9][10] - The rental income for Wanda Management in the first half of 2023 was reported at 26.32 billion yuan, with an average rental rate of approximately 100 yuan per square meter per month [10][12]