China: HNA unit Tianjin Tianhai plans to buy Dangdang's e-commerce assets

China: HNA unit Tianjin Tianhai plans to buy Dangdang's e-commerce assets

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

Tianjin Tianhai Investment, a unit of Chinese conglomerate HNA Group, said on Tuesday it planned to acquire Chinese company Dangdang’s e-commerce assets for 7.5 billion yuan ($1.19 billion).

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