Wanda withdraws from theme park business, gradually abandoning entertainment

Posted Friday, November 2, 2018 11:14 AM | Contributed by Jeff

China’s Dalian Wanda Group has agreed to a deal with Sunac China Holdings to sell its Wanda Cultural Management unit, representing the last of Wanda’s film and theme park ties in the country. The deal all but signals the end of Wanda’s once-massive plans for its entertainment businesses in China.

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