Alibaba investing US$750m in Wanda Cinemas

Wanda Cinemas, the leading cinema operator in China under the Dalian Wanda Group, said on Monday that 90 million shares of the company will be transferred to an investment management firm related to Alibaba, Yicai.com reported. The shares, accounting for 7.66% of the total share capital of Wanda Cinemas, were previously held by Beijing Wanda […]