#Asia #China Alibaba acquires stake in Wanda Film as the entertainment conglomerate scales back on debt

// Yesterday, real estate and entertainment conglomerate Dalian Wanda Group announced (in Chinese) that it had sold a 12.77% stake in its film subsidiary, Wanda Film, for RMB 7.8 billion ($1.24 billion dollars). The buyers of the minority stake are … Continue reading →

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