HNA Technology scraps plan to buy Chinese e-commerce firm Dangdang

Signage for HNA Group Co. is displayed atop the company's building in Beijing, China, on Thursday, Feb. 1, 2018. Photographer: Giulia Marchi/Bloomberg

By Meg Shen, Twinnie Siu

September 20, 2018

HNA Technology Co Ltd, part of Chinese conglomerate HNA Group, said on Wednesday it scrapped a plan to acquire Chinese company Dangdang‘s e-commerce assets as transaction parties failed to reach agreement.

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