As Financial Woes Mount, Wanda Group Pulls Back On Hollywood Investments | BH Courier

As Financial Woes Mount, Wanda Group Pulls Back On Hollywood Investments

Posted Thursday, July 27, 2017 – 6:15 PM

By Matt Lopez

Weeks after announcing it would sell off 13 theme parks and 77 hotels to a Chinese property developer, China’s Dalian Wanda Group announced this week that it is halting any further plans to invest in Hollywood.

Wanda Chairman Wang Jianlin told Chinese financial publication Caixin this week that Wanda would focus more on its domestic market going forward, saying his organization has “decided to keep its main investment within China.”

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