Dalian Wanda Commercial Properties, Dalian Wanda Group’s only subsidiary specialized in commercial real estate investment and operation, took in 95.3 billion yuan in sales in 2011 with an increase of 38.9% and stood at the second place among Chinese real estate developers in terms of their sales revenue. Representative from Wanda said that it opened 16 Wanda Plaza, 12 five-star hotels and 14 department stores. The group’s annual revenue was 105.1 billion yuan and its total asset reached 195 billion yuan.