Chinese giant Dalian Wanda to invest $297m in domestic soccer

LUOYANG, CHINA - MAY 29: Children take part in a football contest in celebration of upcoming International Children's Day at a kindergarten on May 29, 2018 in Luoyang, Henan Province of China. Football has become a compulsory part of the national curriculum in China. (Photo by VCG/VCG via Getty Images)

More than a year after selling its stake in Club Atletico de Madrid, Chinese conglomerate Dalian Wanda Group Co. is planning to spend millions to promote soccer in its home country.

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