A Chinese court has ordered real estate conglomerate Dalian Wanda Group Co. Ltd. to pay retailer Suning.com Co. Ltd. approximately 1.75 billion yuan ($250 million), resolving a dispute over a failed initial public offering (IPO). The first-instance civil judgment from the Nanjing Intermediate People’s Court requires Wanda to refund the "remaining amount" from Suning’s 2018 investment, which was made ahead of the scrapped listing of Wanda’s commercial property management arm. Suning disclosed the ruling in a stock exchange filing on Monday, noting that the court dismissed its other claims. The judgment is subject to appeal.