Fri,Aug 29,2014
In pics: YOG prism
Amputee girl reaches top of half-left tower in Jiangxi
Yardangs in Lop Nur
Intoxicating Ayding Lake in Xinjiang
Beijing's MJ impersonator a 'thriller' for crowds
Armed police compete on the plateau
Rubber Duck settles in Guiyang new urban area
Rare set of giant panda triplets turn one month old
Closing ceremony of Youth Olympic Games
Attractive posters to welcome freshmen
SHENZHEN, Aug. 29 -- Chinese property giant Dalian Wanda Group on Friday announced that it will set up an e-commerce joint venture with two of the country's leading IT companies, Baidu and Tencent.
The preliminary investment will be 5 billion yuan (819.67 million U.S. dollars), and total investment will reach 20 billion yuan in five years, said Wang Jianlin, chairman of Wanda, at a contract signing ceremony.
Wanda will hold a 70-percent stake, while Baidu and Tencent will each hold 15 percent.
The e-commerce company will be registered in Hong Kong. After a test run this year, its online services will be formally launched next year.
Models with two-dimensional codes painted on bodies
Antique exhibition of Maritime Silk Road held in Jinan
NASA releases images of solar flare
Daming Palace in Chang’an City in photos
Babies of celebrities born in the year of horse
Farmer Painting, one of Ansai's Three Strange Wonders
Special holidays
World's top 10 fighters
'Stewardesses' serve in hospital
The biggest duty-free store of the world
Volunteers bid farewell to YOG
More police dogs join anti-terror campaign in Inner Mongolia
Picturesque Dayilan Manchu village in NE China
Athletes experience the charm of Chinese traditional opera in Nanjing
Contestants for Miss Bikini World experience Chinese traditional cultureDay|Week|Month
