Wanda Tie-Up With UnionPay
Dalian Wanda Group Co., one of China’s largest business conglomerates, signed a strategic partnership with China UnionPay on March 2 as it speeds up efforts to integrate its offline and online resources.
According to the agreement, Wanda and its partner merchants will accept UnionPay QuickPass, a mobile payment service, and the two parties will jointly develop a UnionPay cardholder service system and applications that will be available at Wanda’s wide-ranging properties, including shopping malls, department stores, supermarkets and theme parks.
They will also jointly expand customer service channels, carry out marketing campaigns, and explore value-added services for consumers both at home and in overseas regions.
“The strategic cooperation with Wanda will explore new formats for commercial-financial integration and boost consumption upgrading,” said Ge Huayong, Chairman of…