Dalian Wanda buys control of China online payments firm
It takes controlling stake in 99Bill Corp in a deal that sources say is worth 2b yuan
Sat, Dec 27, 2014 - 5:50 AM
JUST THE BEGINNING: Mr Wang has said that he was preparing to shift the focus of the property conglomerate towards other businesses.
PHOTO: AFP
Beijing
CHINA'S Dalian Wanda Group Co, whose real estate arm just raised about US$3.7 billion in a Hong Kong share sale, said on Friday that it has bought a controlling stake in 99Bill Corp, a Chinese third-party payment processor similar to PayPal.
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