Key facts
- Dalian Wanda Group must pay Suning.com 1.75 billion yuan.
- The payment resolves a dispute over Suning's 2018 investment in Wanda's commercial property management arm.
- The investment was tied to a planned initial public offering that did not proceed.
- The Nanjing Intermediate People’s Court issued the first-instance civil judgment.
A Chinese court has ordered real estate conglomerate Dalian Wanda Group Co. Ltd. to pay retailer Suning.com Co. Ltd. approximately 1.75 billion yuan ($250 million), concluding a legal dispute stemming from a failed initial public offering.