Core Viewpoint - The article discusses the significant divestment by Wang Jianlin's Dalian Wanda Group, involving the sale of 48 properties for a total transaction value of up to 50 billion yuan, aimed at alleviating liquidity pressures faced by the company [1][2]. Group 1 - The joint venture for the acquisition includes companies like Tencent Holdings, JD.com, and others, with a total investment structure involving 50 billion yuan from Taima, 30 billion yuan in loans from state-owned banks, and 15 billion yuan from mezzanine financing [1]. - The expected annual return rate from the acquired properties is projected to be between 6% and 8%, although there are uncertainties regarding rental levels due to the diverse regional distribution and business types of the properties [1]. - Post-transaction, Wanda Commercial Management will continue to operate the properties, but ownership will transfer to the newly formed joint venture, with the deal expected to close in the second half of 2025 [1]. Group 2 - Companies involved in the acquisition have a history of collaboration with Wanda, including Tencent and JD.com, which previously invested 34 billion yuan in Wanda Commercial in 2018 [2]. - Wang Jianlin and Dalian Wanda Group are facing multiple challenges, including a recent court-ordered freeze of approximately 300 million yuan in shares, reflecting the company's severe financial situation [2][3]. - Earlier in March, another significant share freeze of 8 billion yuan was reported, indicating ongoing liquidity issues for Dalian Wanda Group [3].