Wanda plans large-scale capital ties with retail giant Suning

Shanghai

CHINA'S Dalian Wanda Group said it expects to form significant capital ties with retail giant Suning Commerce Group and outlined a rapid expansion for its real estate empire - bullish plans that come at a time when it is seeking to reassure investors about its finances.

Wanda has invested heavily in entertainment and sports assets over the last few years, but like other Chinese conglomerates its deal-making has drawn the gaze of domestic regulators looking to stem perceived risky spending overseas.