Monday, February 5, 2018

China's Wanda Sells Cinema Chain Stake to Alibaba

Billionaire Wang Jianlin’s Dalian Wanda Group is selling shares worth 7.8 billion yuan ($1.2 billion) in his Chinese movie-theater chain to Alibaba Group Holding and a firm partly backed by the government as he seeks to pay down debt at his flagship company.

from WSJ.com: US Business http://ift.tt/2GPGZuH
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