Wanda plans internet finance IPO, more M&A

Speaking at the Asian Financial Forum, chairman Wang Jianlin outlined his vision to turn Dalian Wanda into a multinational making 30% of its money outside of China.

China’s richest tycoon, Dalian Wanda chairman Wang Jianlin, plans to list the internet finance business of his entertainment-to-property conglomerate as part of an ongoing drive to secure the company’s future growth.

The planned initial public offering is the latest component of Dalian Wanda’s ambitious push to list its subsidiaries, notably its film production and distribution, tourism, sports, and children entertainment operations, Wang said at the Asian Financial Forum in Hong Kong on Monday.

Dalian Wanda Commercial Properties, China’s largest business property developer by sales, raised about $3.72 billion via a landmark Hong Kong IPO in December 2014 -- the city’s biggest IPO that year....

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