Top China property developers China Vanke (2202.HKG, 000002.SHE) and Dalian Wanda Group (3699.HKG) have formed a strategic partnership for cooperation on joint project development and land purchases, South China Morning Post reported. “The golden era for China’s property market has ended and the silver era has started. In the face of new challenges, there’s no single company that has all the resources or strengths required by the market,” said Vanke Chief Executive Yu Liang. Dalian Wanda Chairman Wang Jianlin teased further plans: “We are in discussion about something bigger, which might involve hundreds of billions of yuan,” he said. “But we cannot disclose further details at this stage.”
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