三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

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: 一区二区在线视频观看 | 九九九国产在线 | a级一级片| 国产ssss在线观看极品 | 国产精品揄拍100视频 | 成人网视频免费播放 | 在线一区二区观看 | 亚洲在线一区二区 | 成人免费视频国产 | 日本一二区免费 | 亚洲 欧美 激情 另类 自拍 | 免费看欧美日韩一区二区三区 | 成人国产在线观看 | 亚洲精品一区二区三区婷婷月 | 中文字幕综合久久久久 | 国产在线精品福利一区二区三区 | 超碰免费公开 | 国产精品久久精品福利网站 | 国产精品69白浆在线观看免费 | 精品一区二区在线观看 | 国产精品第 | 1024国产在线 | 黄网站免费在线观看 | 日韩精品一区二区三区免费视频 | www日本黄色 | 五月久久噜噜噜色影 | 日韩中文字幕免费在线观看 | 免费大片a一级一级 | 欧美午夜免费毛片a级 | 国产伦精品一区二区三区免费观看 | 无毒不卡在线观看 | 免费视频爰爱太爽了 | 色片网站在线观看 | 日韩欧美一区二区不卡 | 一区二区视频在线观看 | 黑人巨大videosjapan高清 黑人巨大vsさとう遥希 | 欧美成人免费观看 | 日韩一区二区三区四区五区 | 国产一区精品在线 | 性色成人网 | 爽的毛片 |