Wanda Group Teams Up With 99 Bill to Launch China’s First Commercial Property Crowdfunding Project

Wanda Group and 99 Bill jointly introduced China’s first commercial property crowdfunding project called “Stable Earner No.1” on June 8th, officially announcing the launch of Wanda’s Internet finance business.

Wanda GroupBy innovating the traditional financing model of commercial property and leveraging innovative Internet finance tools, this project directly injects money into the construction of Wanda plazas to support the Group’s sustained and rapid expansion in commercial real estate and to facilitate its restructuring into a light-asset service provider.

As Wanda’s first Internet finance product, “Stable Earner No.1” is a product based on Wanda plazas. Funds raised will be directly invested in the construction of Wanda plazas in each city. Investors will be awarded with the right to profits from such plazas and enjoy double returns including shop rental and added value of properties of Wanda Plazas. The expected annualized rate of return may reach over 12%.

With a minimum initial investment amount of Rmb1,000, this project is revolutionary as it lowers the traditional minimum investment thresholds of commercial property, making it possible for ordinary investors to own quality property and share the hefty investment returns with leading commercial property developers.

The “Stable Earner No.1” product will be distributed through 99 Bill platform jr.99bill.com and 99 Bill wallet APP with limited quota. Fundraising will be from June 12th to June 15th. Investors can view project details by logging in 99 Bill platform or downloading 99 Bill wallet APP. Additionally, 99 Bill will offer transfer function. Investors may opt to cash out of and sell their investment three months after the establishment of the project.

Hong Hao, head of the Association of China Internet Financial Industry, believes that the Wanda plaza crowdfunding project builds a direct link between capital and B&M industries and creates a brand new financing model for commercial real estate, thus achieving a rapid expansion in commercial property.

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