This is problematic for Wanda Group and its Chairman, Wang Jianlin, for several important reasons. The publicly traded Wanda Group and its Wanda Media spinoff have been hit by massive sell-offs, plummeting share prices and halts in stock market trading. When Disney debuted its Shanghai Disneyland park to the paying public, Wang told China’s CCTV network, “They shouldn’t have entered China. Wanda lasted less than three years in the business before Wang was forced to sell it off. Wang will need another miracle to keep his sprawling business empire intact and to avoid serious legal consequences for himself.

Source: Forbes July 19, 2017 00:52 UTC