SHANGHAI: Chinese conglomerate Wanda is venturing into healthcare, it said on Wednesday, with a $2.3 billion investment in three hospitals in China, to be managed by a British company.
Wanda, owned by China’s richest man Wang Jianlin, has its origins in property development but is diversifying into areas ranging from entertainment to e-commerce as China’s economy evolves. Reports say the company might soon take a stake in US film studio Legendary.
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