Wanda sells stake in Chinese theme parks in hotels

Posted Monday, July 10, 2017 10:08 AM | Contributed by Jeff

Dalian Wanda Group said it would sell Chinese tourism projects and hotels to Sunac China for $9.3 billion, marking a step back for the property giant from its theme park ambitions.

Read more from Reuters via CNBC. Also: Reason for the sale from The BBC.

Monday, July 10, 2017 10:09 AM

I guess that means no more chest thumping about how the CEO would beat Disney.

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