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3Novices:Three reasons why Wang Jianlin gave up on his boast to beat Disney in China

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…
July 11, 2017 at 06:32PM http://ift.tt/2udEq2D
#3Novices #News #OnlineMedia #China 3Novices China

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