Chinese companies only completed US$1.8 billion of acquisitions and greenfield investments in the United States in the first five months this year, representing a 92% drop from the same period in 2017, and the lowest half-year figure in seven years, according to New York-based research firm Rhodium Group.
Chinese conglomerate Dalian Wanda Group is moving to sell its last two overseas property projects in the U.S. as its continuous unwinding its outstanding debts, according to media reports.
Nervous investors dumped shares and bonds of Dalian Wanda Group Co. today, as reports of elevated regulatory scrutiny regarding the company’s overseas borrowings caused widespread panic. Shares of Fosun International, named as one of a number of companies whose overseas debt is being investigated by regulators, also tumbled, along with its pharmaceutical unit.
Wanda Cinema Line Corp., the film division of Chinese conglomerate Dalian Wanda Group, has teamed up with Tencent Holdings’ gaming, film and online reading units to co-develop, bundle and cross-promote intellectual property (IP), the firms announced overnight.
China’s Dalian Wanda Group has entered the public cloud business through the formation of a new company, Wanda Internet Technology Group, that will provide cloud services to Chinese businesses built on IBM’s cloud platform.
China’s richest man, Dalian Wanda Group’s chairman Wang Jianlin, with an estimated net-worth of US$31.3 billion, may have suffered his first Hollywood flop, learning the hard way that "there’s no business like show business."
The chief executive officer of the e-commerce division of Dalian Wanda Group has resigned, as the Chinese property and entertainment conglomerate continues to face challenges integrating online retail services with its offline malls, according to Chinese media reports.
Chinese companies doubled outbound mergers and acquisitions last year to an all-time high US$225.4 billion in total deal value, with a number of new aggressive buyers emerging on the overseas M&A scene. HNA Group was the most acquisitive, with at least nine major deals announced, while China National Chemical Corp (ChemChina) inked the largest ever cross-border deal involving a Chinese company, paying US$43 billion for Swiss agribusiness Syngenta AG. While some of 2015’s most active buyers, including Fosun Group and …
Chinese property Tycoon Wang Jianlin’s plan to relist his real estate empire from Hong Kong to mainland China encountered its first setback after a reverse merger counterpart terminated a proposed deal.
AMC Entertainment Holdings, Inc., the U.S. cinema chain owned by Dalian Wanda Group, has agreed to acquire London-based Odeon & UCI Cinemas Group from private equity firm Terra Firma in a transaction valued at approximately £921 million (US$$1.2 billion). The deal, if completed, will make AMC the largest cinema operator globally with over 7,600 screens. It will also provide an exit for Terra Firma on a 12-year-old investment. Terra Firma bought Odeon in 2004 for €650m to merge with UCI, …
Dalian Wanda Commercial Properties is planning to go private 15 months after its initial public offering in Hong Kong at the same price as its IPO, according to a filing.
Dalian Wanda Group says it has agreed to acquire U.S. movie studio Legendary Entertainment for US$3.5 billion in cash, in the fourth largest acquisition of a U.S. company by a Chinese buyer on record.
Chinese conglomerate Dalian Wanda Group has agreed to acquire the World Triathlon Corp from U.S. private equity firm Providence Equity Corp for around US$900 million, in another step to push further into the sports sector, according to a company announcement.
Chinese conglomerate Dalian Wanda Group has launched a commercial property crowdfunding platform to finance the construction of its shopping malls with online payment platform 99 Bill, according to a company announcement. The crowdfunding platform, named Stable Earner No.1, will be distributed via 99 Bill’s web platform, as well as its mobile app with limited quota. The raised capital from the platform will be directly injected into the construction of Wanda’s shopping malls across China. Investors will obtain the right to …
The operator of online movie ticket booking services platform Wepiao, Beijing Weiying Technology Co. Ltd., has completed US$105 million series B round of financing from Tencent Holdings Limited, Dalian Wanda Group, and other investors, according to Chinese media reports. Founded in 2014 by Tencent, China Culture Industry Investment Fund, and Bison Capital, Beijing Weiying provides online booking and payment for movie tickets via mobile apps based on Tencent’s Wechat and QQ platforms. It also operates web portal, Wepiao.com.
Wanda E-commerce, a joint-venture e-commerce firm established by China’s Dalian Wanda Group, Baidu, Inc. and Tencent Holdings Limited in August 2014, has received RMB1 billion (US$160 million) investment from two financial investors, according to an official announcement. The investment values Wanda E-commerce, which is expected to be fully operational in the fourth quarter of 2015, at RMB20 billion (US$3.21 billion), a valuation that has quadrupled since the time of its establishment four months ago.
Beijing-headquartered Chinese property and hotels operator Dalian Wanda Group says it has won the bid for a plot of land in Beverly Hills, Los Angeles, and plans to invest US$1.2 billion to construct a mixed-use development on the site, according to an announcement posted on its website.
Chinese commercial property developer Dalian Wanda Group is planning to establish a financial shareholding company to expand the group’s businesses to the financial services industry, says chairman Wang Jianlin in the company’s 2014 semi-annual report.