Billionaire Wang’s Wanda Cinema buys Chinese website mtime.com for $280m

Billionaire Wang’s Wanda Cinema buys Chinese website mtime.com for $280m

Wang Jianlin, Chairman of Dalian Wanda Group in China, speaks before a dialogue session during the Asian Financial Forum in Hong Kong, China, January 18, 2016. REUTERS/Bobby Yip

Billionaire Wang Jianlin’s Wanda Cinema Line Co. will buy a Chinese website that provides news on the film industry and sells movie tickets, as the tycoon expands his entertainment-related business.

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