China’s Wanda, Fosun See Shares Plunge After Reported Regulator Scrutiny

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.

China’s Most Ambitious Global M&A Deals of 2016: HNA, Wanda, ChinaChem Lead Buying Spree

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 …

AMC To Acquire Odeon & UCI Cinemas From Terra Firma

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, …

Wanda To Launch Shopping Mall Crowdfunding Platform

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 …

Wepiao Completes $105M Series B From Tencent, Wanda

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 Scores $160M Investment From Two Financial Investors

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.

Wanda Group To Acquire Land In Hollywood

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.