Wanda launches retail expansion

Amid the huge growth in online shopping in the country, the commercial property arm of Dalian Wanda Group says it is betting big on new retail, and aims to have 300 plazas by 2019.

Wanda Commercial Management Group disclosed in an annual convention, which ended on Friday, that it will expand its current 285 Wanda Plazas to 300 as of August next year.

By then, Wanda-backed malls will be in 200 Chinese cities and cover 80 percent of the country's urban population.