Recently, Dalian Wanda Group (Wanda) and IFCA (Guangzhou) Technology Co. Ltd (IFCA) signed an agreement for the provision of an international asset leasing management system for Wanda Plaza. This is to enable enhanced management of core business processes and centralized control to ensure Wanda Group is able to achieve standardization in investment, leasing and management.

Dalian Wanda Group was founded in 1988 and operates in five major industries including Commercial Properties, Luxury Hotels, Tourism Investment, Cultural Industry, and Department Store Chain. The company has assets of 31 billion dollars and an annual income of 17 billion dollars, and pays 2.6 billion dollars in taxes. The company has already opened 49 Wanda Plazas, 26 five-star hotels, 730 cinema screens, 40 department stores and 45 all inclusive karaoke centers throughout the country. By 2015, the company aims to increase its assets to 48 billion dollars and income to 32 billion dollars, and pays 4.8 billion dollars in taxes, becoming a world-class enterprise.



Established in 1988, Dalian Wanda Group Co., Ltd. has developed into a large corporate group, specializing in four major areas: commercial properties, luxury hotels, cultural industries and chain stores. Its assets total 40 billion yuan, annual sales revenues reaching 20 billion yuan and annual tax payments exceeding 2 billion yuan. Nationwide, Wanda Group has investment projects in over 30 cities, operating 19 Wanda plazas, six five-star hotels, 300 film screens and over 3 million square meters of rental properties. The group envisages that by 2010, it will net over 40 billion yuan in annual sales revenue and over 6 billion yuan in net profit and will operate 40 Wanda plazas, 18 five-star hotels, 600 film screens, 25 chain stores and over 6 million square meters of rental properties. By then, Wanda will become a top-rate corporate group in China.

Wanda Commercial Properties Co., Ltd is the leading company in China’s commercial property sector.Currently, there are 49 Wanda Plazas in operation across the country with an investment property of 9.03 million m². By 2015,120 Wanda Plazas will be in operation, expanding our investment property to 24 million m², making us the No.1 real estate enterprise in the world. The company has the only business planning & research institute in China, as well as a national commercial property construction team and national business management company. These have helped the company form a complete industrial chain for commercial property and establish the core competitive advantages for the enterprise.

Wanda Plaza is the premier brand of China’s commercial property sector. With more than 10 years of development, Wanda Plaza has evolved from the 1st generation Single Building Model, to the 2nd generation Combined Buildings Model, and the 3rd generation Urban Complex (HOPSCA). HOPSCA is a unique commercial property model invented by Wanda Group. It comprises large commercial centre, urban pedestrian street, five-star hotel, business hotel, office building, high class apartment and other developments, hence integrating functions such as shopping, dining, cultural experience and entertainment into a single entity. It constitutes a large independent business district. Wanda Plaza is precisely an urban centre.

Wanda Plaza represents the harmonious merging of enterprise and social benefits, and the four major social benefits generated are: 1. Promoting city commercial standard; 2. Providing a large number of jobs; 3. Creating large sustained sources of tax revenue; 4. Stimulating consumer demand.



Commercial properties constitute the first industrial pillar of Wanda. The group was the first company in China to introduce a completely new commercial model: order-based commercial property development. Thanks to years of development, Wanda has grown into a leading enterprise in commercial properties in China, evolving from the first-generation individual stores, to the second-generation combination stores and further to the present third-generation urban complexes, envisaged through its Wanda Plazas. It currently operates 19 Wanda Plazas and plans to increase the figure to 40 by 2010. These commercial properties will have a total floor space of 6 million square meters, generating over 3 billion yuan in annual rental income.

For such large cross-regional developments, off-site and multi-mode operations coupled with the requirements of rapid replication, Wanda Group required efficient and accurate implementation and execution of projects in real time, whilst allocating a reasonable distribution of resources. With those requirements, Wanda Group looked for information technology and software vendors experienced in the commercial real estate industry to help Wanda build a business management and asset leasing system.

After several rounds of negotiations and a rigorous bidding process, IFCA emerged as Wanda Group Commercial Real Estate’s information management system partner.

IFCA has developed into one of the leaders in enterprise software vendors in the real estate industry in China and Asia. IFCA entered the Chinese market in 2002 and has been consistently dedicated towards real estate development, property management and commercial real estate operations; providing enterprise-class integrated business software solutions.

IFCA’s commercial real estate management system will help Wanda Group with its lease management and allow centralized control to help Wanda achieve standardization throughout Wanda Plaza, thereby improving the internal business environment. The system will be able to help business administration, information exchange, efficient collaboration, rapid replication of its profit model, and to strengthen top-down centralized control for real-time management.

In the future, Wanda will expand and develop the "Wanda Plaza" brand with the aim to become the world leader in the commercial real estate industry and as the world's largest holder of commercial real estate property.