腾讯出资近半，万达超200亿元大交易初步落地

Core Insights - Wanda's transaction exceeding 20 billion yuan has preliminarily landed with the establishment of the "Suzhou Kuanyu Equity Investment Fund Partnership" involving 13 companies, including Tencent and others, with a total investment of 22.43 billion yuan [1][3][4] Group 1: Fund Formation and Investment Details - The newly formed private equity fund has a total investment amount of 22.43 billion yuan, with Tencent contributing approximately 9.96 billion yuan, accounting for about 44.4% of the total [1][4] - Other significant contributors include Pan Da Commercial Management with about 4.98 billion yuan (22.2%) and Taima with approximately 1.12 billion yuan (4.97%) [1][4][5] - The fund is specifically aimed at acquiring 100% equity of 48 target companies held by Dalian Wanda Commercial Management Group [3][4] Group 2: Historical Context and Previous Transactions - Just three months prior, the State Administration for Market Regulation approved the establishment of this joint venture, indicating a strategic move by Tencent and its partners to acquire Wanda's assets [3][6] - Tencent has previously invested heavily in Wanda, including a 10 billion yuan investment during Wanda's H-share delisting in 2018 and a 2 billion yuan investment in Wanda Film [4][6] Group 3: Asset Valuation and Financial Performance - As of mid-2023, Dalian Wanda Commercial Management reported total rental income of 26.32 billion yuan, with an average rental rate of 100 yuan per square meter per month and an occupancy rate of approximately 98% [8][10] - The total leasable area across 513 Wanda Plazas is estimated at 48.21 million square meters, potentially generating annual rental income of around 56.7 billion yuan [8][9] - Despite the significant asset sales in recent years, Wanda's core assets remain concentrated in the Wanda Plaza, with about 60% of these plazas owned by Wanda itself [9][10]