Wang Jianlin Sells Another Wanda Plaza

China’s real estate crisis continues, with commercial real estate giant Wanda Group burdened by debt. Since 2025, its founder Wang Jianlin has sold multiple Wanda Plazas. The latest news reveals that another Wanda Plaza was recently sold. Over the past two years, Wang Jianlin has sold more than thirty Wanda Plazas to raise funds.

According to Tianyancha, recently, there has been a business change in Xuzhou Wanda Plaza Limited Company, with Dalian Wanda Commercial Management Group Co., Ltd. withdrawing as a shareholder and Guangdong Hengqin Guangdong-Hong Kong-Macau Deep Cooperation Zone Kuanhe Commercial Management Co., Ltd. being added as a wholly-owned shareholder. At the same time, changes have been made to the legal representatives and others.

Information shows that Guangdong Hengqin Guangdong-Hong Kong-Macau Deep Cooperation Zone Kuanhe Commercial Management Co., Ltd. has subscribed capital of 50 million RMB, with a subscription date of March 24, 2025.

Xuzhou Wanda Plaza Limited Company was established in 2011, operating in areas including corporate management services, property rental, and property management.

Amid the crisis in the Chinese real estate industry, heavily indebted Wanda Group has sold multiple Wanda Plazas in the past two years. New China Insurance, Sunshine Insurance, Anbang Life, Hengqin Life, and other insurance companies have participated in the acquisition of Wanda Plazas.

Since the beginning of 2025, New China Insurance has taken over five Wanda Plazas in Xuancheng, Tongling, Anyang, Siping, and Yangzhou. Through Kunhua Equity Investment, New China Insurance has indirectly acquired a total of 14 Wanda Plazas.

According to reports by Titanium Media on January 23, Wang Jianlin continues to sell his Wanda Plazas, with seven Wanda Plazas changing ownership early in the year, averaging one sale every two days.

According to incomplete statistics, from 2023 to 2024, Wanda has sold more than thirty Wanda Plazas.