China cracks down on Dalian Wanda Group's breaches on overseas investments

China cracks down on Dalian Wanda Group's breaches on overseas investments

Wang Jianlin. Photographer: Jason Alden/Bloomberg

China plans to punish billionaire Wang Jianlin’s Dalian Wanda Group Co. for breaching the nation’s restrictions on overseas investments by cutting off funding and denying the conglomerate with necessary regulatory approvals, according to people familiar with the matter.

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