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Wanda Sports Group Receives Preliminary Non-Binding Proposal to Acquire the Company
Wanda Sports Group, 9/30/20
Wanda Sports Group Company Limited (the "Company") (Nasdaq: WSG), a China-based global sports events, media and marketing platform, today announced that its Board of Directors (the "Board") has received a preliminary non-binding proposal letter, dated September 30, 2020 (the "Proposal Letter"), from Wanda Sports & Media (Hong Kong) Holding Co. Limited (the "Proposing Buyer"), a wholly-owned subsidiary of Dalian Wanda Group Co. Ltd., to acquire all of the outstanding Class A ordinary shares of the Company (the "Class A Ordinary Shares"), including American depositary shares representing Class A Ordinary Shares ("ADSs," with every two ADSs representing three Class A Ordinary Shares), for USD 2.50 in cash per ADS, or USD 1.67 per Class A Ordinary Share (the "Proposed Transaction"). Read More
Tongcheng Denies Rumor of Merger with eLong
Tencent Tech, 4/13/17
Suzhou-based online travel service provider Tongcheng Network Technology (Tongcheng Travel) today denied recent rumors that it plans to merge with Chinese online travel service provider eLong and list on one of China's domestic A-shares stock exchanges, and said that it will give an update regarding its capital operations in the near future. Read More
Wanda's O2O Life Services Platform Feifan to Solicit RMB 10 Bln Series A Funding
Cnstock, 1/16/17
Wang Jianlin, chairman of Chinese entertainment conglomerate Dalian Wanda Group, recently said that the group's O2O local life services platform Feifan plans to initiate an RMB 10 bln Series A funding round in 2017. Read More
Computer Vision, AI Technology Firm 'SenseTime' Raises USD 120 Mln Series B
Hexun.com, 12/14/16
Beijing-based computer vision and artificial intelligence (AI) technology developer SenseTime Technology Development recently announced completion of USD 120 mln in Series B funding led by CDH Investments. Read More
Rumor: Tongcheng Travel to Merge with Wanda's Tourism Subsidiary
Sina Finance, 10/09/16
Chinese entertainment conglomerate Dalian Wanda Group's travel-focused subsidiary Wanda Tourism will reportedly be merged into online travel service provider Tongcheng Network Technology, according to a source familiar with the matter. Read More
Movie Ticket Booking Platform Weiying Times Wins RMB 1.5 Bln Series C
iYiou, 11/17/15
Beijing-based mobile and online movie ticket booking platform operator Weiying Times announced today that it has secured RMB 1.5 bln in Series C funding led by Wenzi Huaxia Movies Culture Fund, with co-investments from CITICS Prosperity Fund Management, Granite Global Ventures, Noah Private Wealth Management, Gopher Asset Management, internet and mobile services firm Tencent (0700.HK), and entertainment conglomerate Dalian Wanda Group. Read More
Tencent Establishes Film and TV Production Subsidiary Tencent Pictures
DoNews, 9/18/15
Chinese Internet and mobile services firm Tencent (0700.HK) announced yesterday that it has established Tencent Pictures, a wholly owned subsidiary focused on film and TV program production. Read More
TCL Invests USD 100 Mln in Wanda's E-commerce JV
TCL Corporation, 1/06/15
Chinese consumer electronics manufacturer TCL Corporation (000100.SZ) has announced that is has signed a letter of intent to form a strategic partnership with Chinese real estate conglomerate Dalian Wanda Group, under which TCL will become a cornerstone investor in Wanda e-commerce venture, Wanda E-commerce, and a strategic supplier to Wanda's various commercial properties. Read More
Rumor: Wanda, Baidu, Tencent to Form E-Commerce JV
iFeng Tech, 8/27/14
According to a company source, Chinese entertainment conglomerate Dalian Wanda Group will make a joint announcement on August 29 with Chinese internet firms Baidu (Nasdaq: BIDU) and Tencent (0700.HK) concerning the formation of a new e-commerce joint venture. Read More
Rumor: Tencent Reinitiates Handset ROM Project
Sohu IT, 5/08/14
According to a source at Chinese internet and mobile services firm Tencent (0700.HK), the company has reinitiated its self-developed mobile ROM project, with work on the project beginning again in April. Read More
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