Thomas Tull

This Chinese billionaire rode into town late last year looking like a Hollywood conqueror. What happened?

This Chinese billionaire rode into town late last year looking like a Hollywood conqueror. What happened?

Chinese billionaire Wang Jianlin arrived in Los Angeles in October to a reception befitting a true Hollywood mogul. Movie business elite packed an auditorium at the Los Angeles County Museum of Art to hear him pitch his new $8-billion filmmaking complex in the coastal city of Qingdao.

Wang’s Beijing-based conglomerate Dalian Wanda Group had recently bought movie producer Legendary Entertainment for an eye-popping $3.5 billion and was on the cusp of a deal to pay $1 billion for Dick Clark Productions, the company behind the Golden Globes...

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