E-commerce is a rapidly growing and emerging sector for Wanda Group. It includes two businesses: Wanda E-commerce and 99bill.
Through its joint venture with Tencent and Baidu, Wanda plans to invest 20 billion yuan over five years into developing an O2O e-commerce model and building the world's largest O2O e-commerce company.
O2O trading platform
Wanda E-commerce’s O2O platform will span nine areas including film, parenting, dining, shopping, entertainment, leisure, tourism, lifestyle and finance. Wanda is also developing a range of 15 “smart services”. Smart services such as “Smart Cinema”, “Smart Dining” and “Smart Show” will connect online users with offline retailers.
Huge member base
Wanda E-commerce’s member base is currently over 100 million users strong. The company aims to grow this into China’s largest, most loyal and most active base of members.
Wanda E-commerce will extract large amounts of data from its database in a bid to better understand customer needs while providing data warehousing, data reports and business intelligence to retailers.
General Integral Alliance
Wanda E-commerce’s ultimate goal is to build the nation's largest cross industry accumulated currency platform.
Cloud computing platform
Wanda E-commerce is building China’s largest cloud computing data center to provide stable and effective support for its own business, as well as providing cloud computing services to other companies.
Wanda Group's 99bill is China's fourth largest independent third-party payment platform. It booked total transactions of 2 trillion yuan in 2014. Wanda aims to put 99bill front and center as it forges a complete value chain for online finance, ultimately building 99bill into a leading player in China's internet finance space.
A leading comprehensive platform
99bill offers a broad portfolio of products and services spanning offline, online, mobile, cross-border and other areas. It provides all-round electronic payment solutions for sectors like retail, insurance, business travel, and e-commerce.
Leading market position
With its advanced integrated electronic payment solutions and payment overlay strategy, 99bill has emerged as a nationally leading provider of enterprise financial services.