On the evening of the specified date, Suning.com issued a notice stating that the arbitration request submitted by the company as the applicant has been accepted by the China International Economic and Trade Arbitration Commission. The case has not yet been heard in court.

The announcement shows that Suning.com requests the court to order Dalian Wanda Group Co., Ltd. to pay the share buyback amount of RMB. to Suning.com Group Co., Ltd. and its subsidiary Suning International Group Co., Ltd. At the same time, it requests the court to order Dalian Wanda Commercial Management Group Co., Ltd. to bear joint and several liability for the above payment obligation of Wanda Group.

According to China Fund News, in a certain month and year, Wanda Commercial went public on the Hong Kong stock market. However, not long after its listing, Wang Jianlin believed that Wanda Commercial was undervalued. In a certain month and year, Wang Jianlin took Wanda Commercial private and delisted, preparing for a listing on the A-share market.

On a specific date, Dalian Wanda Group officially announced that Tencent Holdings, as the main initiator, along with Suning Commerce, Sunac China, and JD.com, invested billions to acquire approximately % of the shares held by investors introduced during the delisting of Wanda Commercial from the Hong Kong stock market. Among them, Suning invested billions to acquire about .% of Wanda Commercial's equity.

Subsequently, Wanda Commercial changed its name to Wanda Commercial Management Group, but the path to listing on the stock market was quite bumpy. In [month], after years of waiting, Wanda Commercial Management Group announced the withdrawal of its A-share listing application. At the same time, it restructured its light asset-related resources and established Zhuhai Wanda Commercial Management in late [month], becoming the new entity to pursue a listing on the Hong Kong stock market.

However, in the months and years mentioned, Zhuhai Wanda Commercial Management submitted its IPO application to the Hong Kong Stock Exchange four times, all of which expired. In the month mentioned this year, although the crisis of the Wanda Commercial Management IPO's failure to meet the terms of the agreement was resolved, it also resulted in Wang Jianlin losing absolute control over Wanda Commercial Management.

Yonghui Supermarket announced in a late-night statement on the evening of the month that, due to the failure of the buyer, Dalian Yujin Trading Co., Ltd. (hereinafter referred to as "Dalian Yujin"), to pay the fourth installment of the equity transfer payment to Dalian Wanda Commercial Management Group Co., Ltd. (hereinafter referred to as "Wanda Commercial Management") within the agreed time, the company has sent a letter demanding immediate payment and will file for arbitration to pursue the legal responsibilities of Dalian Yujin and the guarantors including Wang Jianlin.

According to the disclosure, last month, Yonghui Supermarket sold 100 million shares of Wanda Commercial Management to Dalian Yujin for 3.5 billion yuan. This year, the two parties adjusted the payment method, dividing the remaining 2.7 billion yuan of the transfer payment into eight installments, with Wang Jianlin and others providing personal guarantees. The fourth installment was due on November 30th. As of now, Dalian Yujin has only paid the first three installments, and the outstanding amount remains over 1 billion yuan.

Whether it's the seller Yonghui Supermarket, the buyer Dalian Yujin, or the guarantor Wang Jianlin, times are tough. Yonghui Supermarket has been in continuous losses for years, totaling over 10 billion yuan. Wang Jianlin also sold his control of Wanda Commercial Management this year, with the funds only arriving in November. The controlling shareholder of Dalian Yujin became a subject of execution in March, with an execution amount exceeding 1.3 billion yuan.