The deals with Alibaba and Tencent mark a dramatic turn in fortune for Dalian Wanda chairman Wang Jianlin. Photo: TNS

Internet giant Alibaba throws Chinese conglomerate Wanda a lifeline and buys US$744m stake in film unit

Alibaba’s 7.66 per cent stake in Wanda Film follows a 34 billion yuan investment led by Tencent for a 14 per cent stake in Wanda Commercial

Topic |   Dalian Wanda Group

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The deals with Alibaba and Tencent mark a dramatic turn in fortune for Dalian Wanda chairman Wang Jianlin. Photo: TNS
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