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Why the next Hollywood mogul will be Chinese – he’s there already: meet Starlight’s Peter Luo

Cliquey and closed off, Hollywood can seem a republic unto itself, where the only currency is name recognition, and all that matters is who is in your address book. This makes the story of Starlight Culture Entertainment all the more remarkable.Few among the showbiz elite know about company – which has offices in glitzy Beverly Hills, Hong Kong, and Hangzhou, China – but that is about to change.Under its chief executive, Peter Luo, Starlight has drafted production deals with 10 of the biggest… Source link

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The Chinese hotel mogul behind three Nasdaq listings thinks now is the time to head abroad for deals while rivals stay at home

Ji Qi, the hotel mogul who took three Chinese start-ups including the country’s largest online travel agency Ctrip.com to list on the Nasdaq, said now is the time to expand abroad while the competition is being cowed to stay homebound by the trade war and China’s crackdown on freewheeling.Outbound acquisitions have stalled among Chinese companies since April 2017, when regulators put half a dozen highly leveraged asset buyers – including the Anbang Group, CEFC, Dalian Wanda and the HNA Group –… Source link

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Property mogul Wang Jianlin’s Wanda Group to invest US$11.7b in world-class tourism project in rust-belt city of Shenyang

Wanda Group, the profligate Chinese conglomerate that is halfway through a massive debt-shedding exercise, has unveiled one of the largest ever investments in the northeastern Chinese city of Shenyang totalling 80 billion yuan (US$11.7 billion).The property-to-entertainment conglomerate controlled by tycoon Wang Jianlin said on Wednesday that the new investment will go towards building a “world-class” cultural tourism project, an international hospital, an international school and five Wanda… Source link

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Wynn Resorts fined US$20 million over sex allegations against casino mogul Steve Wynn

Wynn Resorts was fined US$20 million by Nevada gaming regulators over its failure to investigate and act upon sexual-misconduct allegations by employees against former Chief Executive Officer Steve Wynn.The fine was proposed by Nevada Gaming Commission Chairman Tony Alamo at a hearing Tuesday and confirmed by a 4-0 vote.Last month, the company reached a settlement with the state, but the amount of the fine wasn’t specified.While Alamo said the fine will be “record setting,” he didn’t want it to… Source link

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