Dalian Wanda Commercial Management Group Co., the largest mall operator in China, is reportedly planning to establish a substantial fund of 50 billion to 90 billion yuan ($6.9 billion to $12.4 billion). This fund aims to address tax obligations and manage debt as the company navigates challenges in the real estate sector.

Wanda Group, a major player in the industry, has successfully avoided public defaults during the current property crisis that has affected many of its peers. Company officials have indicated that they aim to complete this fundraising effort by 2025, as discussed in recent meetings with bondholders in Hong Kong.