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China's Dalian Wanda Group posts revenue drop for third straight year

Contributed by NAMPA / Reuters.

SHANGHAI, Jan 12 (Reuters) - Chinese conglomerate Dalian
Wanda Group's revenue fell by 5.7 percent in 2018 as the company
sought to relieve debt pressure by offloading domestic and
overseas holdings amid a government crackdown on leverage and
overseas acquisitions.
Total group revenues were 214.28 billion yuan ($31.70
billion), the company said on Saturday in a statement on its
official WeChat account. It was the third consecutive year of
falling revenues for ...

 

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