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