Billionaire Jianlin's firm stock surges 150% on hotels deal
Shares in Hong Kong-listed Wanda Hotel Development, run by China's third richest man Wang Jianlin, soared more than 150% on Monday. This came after Dalian Wanda Group announced sale of its 76 hotels and 91% of the 13 tourism projects to Sunac for $9.3 billion (over â¹60,000 crore). The sale is reportedly China's second biggest real estate deal ever.