Alibaba leads $1.24 billion investment in film unit of China's Wanda

BEIJING/SHANGHAI (Reuters) - Dalian Wanda Group is selling a $1.24 billion stake in its listed film business to a pair of investors led by Alibaba Group Holding Ltd , as the conglomerate looks to bring in strategic partners and raise new funds.

Alibaba leads $1.24 billion investment in film unit of China's Wanda
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