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).

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.

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.

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.

Dalian Wanda, controlled by Chinese billionaire Wang Jianlin, is embarking on an ambitious plan to develop the tourism potentials of Zhaoqing city in Greater Bay Area.

Hong Kong-listed Wanda Hotel Development is selling the under-construction Vista Tower to Chicago-based Magellan Parcel for a net gain of US$12.1 million.

Over 600 theatres of China’s biggest cinema chain operator in the mainland have been shut since January.

Wanda Film, controlled by Chinese billionaire Wang Jianlin, is pushing ahead with an expansion plan to grab market share, as the industry looks forward to reopening its doors to film-goers soon.

The industry faces an uncertain future as theatres are ill-suited to the social-distancing requirements that are likely to remain in place for months even after the crisis ends

Dalian Wanda Group has described reports about the imminent collapse of its AMC Entertainment unit as ‘pure rumours’ after the company’s stock plunged and bonds fell to distressed levels.

Wanda Sports Group, the sports marketing and event promoter owned by billionaire Wang Jianlin, is considering selling the Ironman triathlon business it bought in 2015.

One of China’s leading investors in online entertainment, Wang Sicong settles after online media company went bankrupt in March.

Wang Sicong could be put on a public list of ‘discredited individuals’ if he does not comply with an order to pay more than US$21 million to creditors.

No more first-class travel, holidays or buying property for son of Dalian Wanda Group chairman after ruling by Shanghai court.

Founder of PandaTV, told to pay back US$21.6 million to unnamed creditors.

Chinese conglomerate Dalian Wanda Group said on Wednesday it had formally signed an operational agreement to develop a high-end hospital in partnership with the University of Pittsburgh Medical Centre in Chengdu.

Succession might seem like a no-brainer for Chinese family empires. But many adult children – wanting to prove themselves in their own ventures – are reluctant to take over.

Jonathan Zeman, Brandon Chau, Wang Sicong, Adam Kwok and Eric Fok, who were born into wealthy families, have all made a success of themselves

Hong Kong-listed developer Greentown China Holdings announced on Monday that it will spend 2.72 billion yuan (US$390 million) to acquire an 11.55 per cent stake in Aeon Life Insurance.

The investment is the second major push by Wang Jianlin’s company to hew to the government’s preferred agenda

Film, cinema and internet units missed group’s growth targets for 2017