Dalian Wanda Group, the parent of Wanda Commercial and the country’s largest shopping centre operator, has been grappling with a liquidity crisis over the past two years, and has been selling assets to repay debt.

The cash-strapped Dalian Wanda Group sold its luxury hotel in Shanghai to Indonesian pulp and paper billionaire Sukanto Tanoto, at a reported price of between 1.44 billion and 1.66 billion yuan (US$204 million and US$234 million).

Changes in control of Zhuhai Wanda, the world’s largest mall operator, came after Wang Jianlin’s Zhuhai Wanda failed to list in Hong Kong by end-2023 as stipulated under a 2021 deal with outside investors.

Wanda Properties International is looking to extend the maturity date of a US$600 million bond due in January by almost a year to December 2024, according to a filing with the Hong Kong stock exchange.

Chinese developer Sino-Ocean has proposed to roll over a bond by 12 months as it struggles with a liquidity squeeze. Bondholders have demanded a full repayment when due on August 2.

Dalian Wanda Group may avert a bond default after reports say that it may use the proceeds from the 49 per cent stake sale in Beijing Wanda Investment to repay a US$400 million note that matured on Sunday.

Bonds of Dalian Wanda Commercial Management Group, a unit of China’s biggest commercial property developer, tumbled on Thursday after ratings agency S&P Global downgraded its notes for a second time this week.

China property bonds such as those from state-backed Sino-Ocean Group, Dalian Wanda Group and Shui On Land among those sold in the market as debt concerns continue to plague the sector.

Arizona’s long-standing support for Taiwan, going back to the 1960s, underscores the increasing importance of subnational diplomacy for the self-ruled island.

Dalian Wanda Group is ‘confident in defending’ against the freeze but faces liquidity concerns following repeated failures by its unit Zhuhai Wanda Commercial Management Group to get approval for a Hong Kong IPO.

Dalian Wanda’s dollar bonds jumped to a new high on Monday after it said creditors of loans worth US$1.3 billion had not demanded early repayments following the failed IPO of unit Zhuhai Wanda.

The deadline to list Zhuhai Wanda Commercial Management Group lapsed on Tuesday, the Hong Kong stock exchange said, putting parent Dalian Wanda Commercial’s bonds under further pressure.

Dalian Wanda Commercial Management’s offshore bonds fell this week as investors are concerned about possible extension to onshore trust loans, while the clock is ticking for its subsidiary to launch its IPO.

Dalian Wanda Commercial Management is poised to issue US$300 million of high-yield bonds, its second offering in the offshore debt market this year, according to people familiar with the matter.

A unit of Chinese conglomerate Dalian Wanda Group has issued an 11 per cent US$400 million bond, reversing market expectations about junk debt following a default crisis among indebted Chinese developers.

Dalian Wanda Group plans to open a new mall in Beijing in June 2023 under its “asset-light” business model, further expanding its shopping-centre empire on the mainland.

Anxious to avoid the civil unrest that would almost certainly follow a collapse in the housing market, local authorities are relaxing their stranglehold on the property sector. But will it be enough?

Dalian Wanda is expanding its foray into the cars sector with a joint venture that will offer services such as sales and parking. Last month, it formed a partnership with FAW to provide user experiences for owners of the latter’s Red Flag cars.

Zhuhai Wanda Commercial Management’s Hong Kong listing plan came after it had withdrawn a plan to list on the Shanghai bourse despite waiting in line for about five years.

Wang’s complaint adds pressure to the 3.44 billion yuan fine that the Beijing-based company was slapped with last week for engaging in monopolistic behaviour in the meals delivery business that it dominates.

Sunac’s shares jumped by as much as 20 per cent on the Hong Kong exchange to as much as HK$15.58, their biggest intraday leap ever, reversing two days of declines.

A woman posted online a series of abusive text messages from Wang Sicong, the scion of the world’s largest property developer. 

Chinese conglomerate Dalian Wanda Group has sold almost all of its stake in US cinema chain AMC Entertainment Holdings, the highly indebted company said on Sunday.

Dalian Wanda Group has lost its control in AMC Entertainment Holdings, the largest cinema chain in the US, after AMC’s additional equity sales and bond conversion diluted shareholders’ stake amid the pandemic.

Chi Shangbin oversaw back-to-back league titles for Dalian in 1996 and 1997.

“We have communicated with the upstream, the trading of GME (GameStop) on Futu will be restored within today,” Futu founder Leaf Li Hua said in a phone message to South China Morning Post on Friday.

Former Liverpool, Newcastle United and Chelsea boss leaves Chinese Super League club by mutual consent over Covid-19.

When Lonely Planet’s China editor Megan Eaves received an email inviting her to become mayor of a village in China, she thought it was a scam. After accepting the position she realised the power that tourism can have as a force for good.

The Champions League-winning coach breathes a sigh of relief after Dalian overturn a 2-1 first-leg deficit to beat Shijiazhuang Ever Bright 3-2 on aggregate.