www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Companies

Analysts: Wanda on track to restructure business

By Hu Yuanyuan And Meng Jing (China Daily) Updated: 2016-08-03 07:37

Analysts: Wanda on track to restructure business

Online celebrities with selfie sticks at Wanda Plaza in Jinnan, capital of East China's Shandong province, July 16, 2016. [Photo/VCG]

Wanda Group Co shelved a $5.6 billion reorganization of its entertainment assets, but analysts on Tuesday said the company is still on the right track of restructuring its business to be an "asset-light" model.

Wanda Cinema Line Co said in a statement on Monday it had suspended a previously announced major asset restructuring, saying the plan was premature and that market conditions had changed.

In May, Wanda Cinema Line said it would buy Legendary Entertainment and Chinese film-making assets from the parent group for 37.2 billion yuan ($5.6 billion).

According to the latest statement, the deal would not be in the best interest of minority investors. For instance, Legendary needs more time to operate independently to prove its stable profitability.

"Although the company suspended restructuring at this stage ... its strategic direction of becoming a major entertainment platform and a holistic entertainment company will not change," said the statement.

Wanda Cinema Line shares fell 1.17 percent to close at 69.97 yuan in Shenzhen on Tuesday.

Meanwhile, a Monday media report from The Paper said that China's internet giants Baidu Inc and Tencent Holdings Ltd have broken with the alliance they formed with Wanda in 2014, which had the ambitious goal of jointly building up an e-commerce company that could do battle with Alibaba Group Holding Ltd.

The report cited anonymous sources as saying that neither of the two internet companies wanted to keep investing in a money pit after the joint venture burned a total investment of 5 billion yuan.

Lu Zhenwang, chief executive officer of the Shanghai-based Wanqing Consultancy, said it is extremely difficult for Wanda to pull this online-to-offline business off as the commercial real estate major needed to integrate all kinds of different merchants into one system.

Grant Ji, executive director of capital markets for northern China at CBRE Group, a US commercial real estate company, said Wanda was still on the right track of its strategic business restructuring despite the recent setbacks.

"It may take several years to implement the business transition and it is too early to say the restructuring has failed just because of the ups and downs of several deals," said Ji.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 欧美一级在线毛片免费观看 | 色秀视频在线观看88品善网 | 三级毛片免费看 | 久久大陆| аⅴ资源天堂8在线 | 波多野结衣视频免费在线观看 | 久草国产在线播放 | 久草色视频 | 亚洲视频免费在线看 | 99久久精品免费观看国产 | 国产成人亚洲综合无 | 国产香蕉国产精品偷在线观看 | 亚洲一区二区三区福利在线 | 99热久久国产精品一区 | 波多野结衣一区二区在线 | 99视频有精品| 欧美毛片 | 国产精品视_精品国产免费 国产精品视频久 | 日韩免费视频播播 | 三级黄色在线 | 日韩在线视频网址 | 亚洲天堂免费观看 | 国产99视频精品免费视频7 | 国产综合成人久久大片91 | 久久免费小视频 | 亚洲精品久久久久久久无 | 91男女视频 | 亚洲字幕波多野结衣作品 | 2020国产微拍精品一区二区 | 孕妇xxxx视频在线 | 国产高清视频免费 | 天天碰夜夜操 | 欧美一级亚洲一级 | 亚洲在线视频免费 | 国产91在线精品 | 亚洲视频二 | 毛片一级免费 | 日韩欧一级毛片在线播无遮挡 | 99精品免费久久久久久久久日本 | 久久午夜国产片 | 男女乱淫免费视频 |