China's Wanda Sells Cinema Chain Stake to Alibaba

World News: 14:37 GMT Monday 5th February 2018. [Wall Street Journal US Business News Feed via SPi World News]

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• 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.

Read More: https://www.wsj.com/articles/chinas-wanda-sells-cinema-chain-stake-to-alibaba-1517835931?mod=pls_whats_news_us_business_f

Published: 2018-02-05T14:37:35.

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