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Wanda's ambitions to be 'Disney of China' dry up

Conglomerate sells rights to 13 theme parks to Sunac for $900m

A Wanda theme park in Nanchang, Jiangxi Province. The real estate group had sought to take on Disney in China.    © Reuters

DALIAN, China -- China's real estate and entertainment conglomerate Dalian Wanda Group has agreed to sell the management rights to 13 theme parks in the country, putting an end to its dream of becoming the "Disney of China" just two years after entering the business.

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