HNA’s Tianjin Tianhai Buying Dangdang E-commerce For $1.2B Despite Debt Woes

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Tianjin Tianhai Investment Co., Ltd., the investment vehicle of Chinese conglomerate HNA Group, best known for acquiring American company Ingram Micro in 2016, is acquiring the assets of e-commerce platform Dangdang for RMB7.5 billion (US$1.2 billion).

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