Last week Dalian Wanda sold several theme parks and dozens of hotels for $9.3 billion, marking the end of Wang Jianlin’s dream to defeat Disney (DIS) in China. The billionaire said the deal would reduce his company’s debt burden. It followed several reports that Beijing regulators were investigating some of Wanda’s overseas deals for breaching investment rules, and that they had warned state banks not to lend to the company.
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