HNA’s Tianjin Tianhai Buying Dangdang E-commerce For $1.2B Despite Debt Woes

News Source: China Money Network.

Tianjin Tianhai Investment Co., Ltd., the investment vehicle of Chinese conglomerate HNA Group, best known for acquiring American company Ingram Micro in 2016, is acquiring the assets of e-commerce platform Dangdang for RMB7.5 billion (US$1.2 billion).

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HNA’s Tianjin Tianhai Buying Dangdang E-commerce For $1.2B Despite Debt Woes appeared first on China Money Net...



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