Wanda Group convened its 2015 semi-annual meeting in Beijing on July 11.Wanda is in the process of establishing its own finance division, known as “Wanda Finance Group”. The new division will include businesses devoted to banking, security and insurance that will be under mergers and acquisitions in the second half of the year.

Wanda will take advantage of its offline shopping channels and retail partners to create a business that combines online with finance, according to Wanda Group Chairman Wang Jianlin. Firstly, Wanda will add millions of its own cloud POS terminals over the next five years at Wanda Plazas to monitor individual retailers cash flow and ultimately reduce risk. Wanda Finance will make sufficient use of e-commerce and big data obtained by 99bill, to eventually open less or even no physical stores, thus minimizing costs and maximizing profits. 

Wanda and 99Bill tried its hand at internet finance in June in the form of a crowdfunding project "Stable Earner No. 1", which sold out in a very short period of time, setting a global crowdfunding record of 10 billion yuan within the space of two weeks.