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  • 16.07.2017

    Three reasons why Wang Jianlin gave up on his boast to beat Disney in China

    • Description

      Wanda Group’s surprising disposal of US$9.3 billion worth of assets to Sunac China Holdings has raised plenty of unanswered questions among China’s business circles after official explanations from the two companies failed to fully convince a sceptical market.

      At the centre of the mystery is the enormous costto Wanda of its divestment, with chairman Wang Jianlin’s only official explanation being to “reduce debt” and adopt an “asset-light” business model. Previously he has not given any indication of the intended asset sale.

      Read more HERE

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