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Aggregated China Business Blogs
Wanda Acquires Control Of Online Payment Platform 99Bill
Aggregated Source: China Money Network
Chinese conglomerate Dalian Wanda Group Co. has acquired control of China's fourth largest online payment platform 99Bill. This is Wanda's first major acquisition in the Internet finance sector, according to a company announcement. Deal details were not disclosed, but media reports say that the transaction is worth over RMB2 billion (US$322.55 million). The deal follows […]


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