Jack Ma, executive chairman of Alibaba Group Holding Ltd (BABA.N), has become China's richest man with a fortune estimated at $25 billion, underscoring the ascension of tech tycoons over real estate peers in the world's second biggest economy.
Tags: Wang Jianlin
Richest man in Asia acquires World Triathlon Brand for $650M
Wang Jianlin, head of Dalian Wanda Group, agreed to buy the Ironman Triathlon races organizer in a deal amounting to $650 milion. The deal was announced Thursday in a move for Asia's richest man to diversify his sports fortfolio. The developer also mentioned the possibility of another sports related purchase before the year ends.
China's Dalian Wanda buys Australian cinema chain Hoyts
Wanda Cinema Line Corp (002739.SZ), a unit of China's leading property developer Dalian Wanda Group, said it would buy Australian cinema chain Hoyts Group, a purchase that underscores its parent's ambitions to become a global entertainment company.
China's Dalian Wanda buys 20 percent of Spain's Atletico Madrid
China's biggest property conglomerate, Dalian Wanda Group Co, has bought 20 percent of Spanish soccer champions Atletico Madrid for 45 million euros ($52 million), becoming the first Mainland company to invest in a premier European club.
Chinese developer Dalian Wanda seen pricing HK IPO in top half-IFR
Chinese developer Dalian Wanda Commercial Properties Co Ltd will likely price its Hong Kong initial public offering in the upper half of expectations, IFR reported on Monday, citing a message from underwriters to investors.
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AMC Entertainment Holdings Inc is reportedly selling the shares it is offering in its initial public offering at a discount, which would value the cinema chain 7.2 times bigger than its estimated earnings before interest, taxes, depreciation and amortization or EBITDA in 2014.
US movie company AMC Entertainment Holdings Inc said it will seek to raise USD 368 million in its initial public offering. AMC is owned by the Dalian Wanda Group controlled led by Wang Jianlin, the richest man in China.
Italian bank UniCredit said on Thursday that it may consider selling its indirect stake in professional football team Associazione Sportiva (AS) Roma, although no decision had yet been made.
A Bloomberg report said China's richest man Wang Jianlin may be acquiring luxury brands such as the Four Seasons hotel chain in his quest to expand his company Dalian Wanda Group to the US.
Wang Jianlin announced his biggest single investment in the movie and television industry valued USD8.17 billion.
Shares of Marriott International Inc. and Starwood Hotels & Resorts Worldwide Inc. had increased following the announced acquisition of hotel chains by Dalian Wanda Group's Wang Jianlin.
In an interview with Bloomberg News, China's richest man Wang Jianlin has hired two investment banks to assist his company in planned acquisitions of hotel management companies in the US and London.
AMC Entertainment announced a new initial public offering as it sought to raise USD400 million. AMC Entertainment Holdings Inc. is the biggest movie theater operator owned by the richest man in China, Wang Jianlin.
Wang Jianlin, China's property mogul and also the wealthiest person in the country, said that he would increase his property holdings by 88% in 2014 and would expand overseas acquisitions.
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