Why did Wanda Mao change its name to Sunac Mao?

Wanda Mao changed its name to Sunac Mao mainly because of the transformation of Wanda Group's business model. Wanda Group spun off cultural tourism, commercial real estate and other businesses, and Sunac Real Estate took over the equity of Wanda Wenlv and wanda plaza. In this process, Sunac Real Estate renamed Wanda Mao as Sunac Mao, and the brand and management team of Sunac Real Estate took the lead in reforming and upgrading it to promote the sustainable development of its business.