Wang Jianlin is selling 48 more Wanda Plazas, and "old friends" such as Tencent are taking over.

After a year, the Tai Meng Investment Group made a move again. According to information recently disclosed by the State Administration for Market Regulation, Tai Meng Management Consulting Partnership Enterprise, Gaohefeng De Enterprise Management Service Co., Ltd., Tencent Holdings Limited, Beijing Panda Commercial Management Co., Ltd., and Sunshine Life Insurance Co., Ltd. jointly established a joint venture enterprise directly or through their respective affiliates, and acquired 100% equity of 48 target companies held directly or indirectly by Dalian Wanda Commercial Management Group Co., Ltd. According to the list, these 48 target companies involve Wanda Plaza projects in several major cities such as Beijing, Guangzhou, Chengdu, Hangzhou, Nanjing, and Wuhan. According to the latest information released by the State Administration for Market Regulation on May 21st, this transaction has been unconditionally approved. The specific amount and other details of this transaction were not disclosed in the announcement.