Utilize the input text as a context reference, choose the right relationship between 'Wanda Group' and 'conglomerate' from the options.
Options: distributed by, employer, industry, owned by

Baidu Inc, China's dominant Internet search provider, has said it would invest $3.2 billion over the next three years in online-to-offline services, while property conglomerate Dalian Wanda Group said last month its entertainment arm would lead a $1 billion investment in a travel website.
industry