Dalian Wanda Group, China’s largest commercial developer by sales, is turning to the country’s web-savvy masses to help finance construction of its next batch of shopping malls, with the launch of its first online investment product.
Those who sign up for Wanda’s crowdfunding project, “Stable Earner No. 1”, can expect annualised returns of 12 per cent, generated through rental fees from completed Wanda Plazas.
With a minimum investment of Rmb1,000 ($161), the product opens the world of commercial real estate to “ordinary investors” for the first time, the company said yesterday. Fundraising will run for four days from June 12.
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