Chinese conglomerate Dalian Wanda Group Co. has acquired control of China's fourth largest online payment platform 99Bill. This is Wanda's first major acquisition in the Internet finance sector, according to a company announcement. Deal details were not disclosed, but media reports say that the transaction is worth over RMB2 billion (US$322.55 million). The deal follows […]<\/p>\n
Visit ChinaMoneyNetwork.com<\/b><\/a> for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod<\/a> subscribe to all episodes on iTunes<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" Chinese conglomerate Dalian Wanda Group Co. has acquired control of China's fourth largest online payment platform 99Bill. This is Wanda's first major acquisition in the Internet finance sector, according to a company announcement. Deal details were not disclosed, but media reports say that the transaction is worth over RMB2 billion (US$322.55 million). The deal follows […]<\/p>\n Visit ChinaMoneyNetwork.com<\/b><\/a> for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod<\/a> subscribe to all episodes on iTunes<\/a>.<\/p>\n","protected":false},"author":146,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37,49,194,52],"tags":[2762,6482,3952],"class_list":["post-27776","post","type-post","status-publish","format-standard","hentry","category-business","category-e-commerce","category-news-chinese-law","category-online-payment","tag-acquisition","tag-internet-technology","tag-investment-news"],"_links":{"self":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts\/27776","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/users\/146"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/comments?post=27776"}],"version-history":[{"count":1,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts\/27776\/revisions"}],"predecessor-version":[{"id":27777,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts\/27776\/revisions\/27777"}],"wp:attachment":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/media?parent=27776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/categories?post=27776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/tags?post=27776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}