Wider aim: Dalian Wanda Group's IPO plan is part of a broader goal to capitalise other units including its film, tourism and sports businesses via stock listings, it's Chairman, Wang Jianlin, said. — Reuters
HONG KONG: Chinese conglomerate Dalian Wanda Group plans an initial public offering (IPO) for its Internet finance business, betting on booming growth as it leverages the millions of customers packing its shopping malls, Chairman Wang Jianlin said on Jan 18.
The plan is part of a broader goal to capitalise other units including its film, tourism and sports businesses via stock listings, Wang, China's richest man, said at the Asia Financial Forum. He gave no timeline for any IPOs.
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