With a cavalier disregard for China’s slowing economy, the country’s richest man inked a $650m deal for a US sports company — a move that he described as a big bet on the emerging Chinese middle class.
Dalian Wanda, owned by Wang Jianlin, a property and entertainment industry tycoon with close ties to the Chinese regime, on Thursday held the formal signing for 100 per cent of the World Triathlon Corporation, which runs the Ironman triathlon event.
Wanda has expanded outside of its core areas of property development for the past few years, and in 2012 it bought AMC Theatres in the US, part of a push into entertainment.
您已阅读22%（623字），剩余78%（2157字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。