China to cut off funds to country's third richest man's firm
China plans to cut off some funding for China's third richest man Wang Jianlinâs Dalian Wanda Group, after concluding the conglomerate breached restrictions for overseas investments, reports said. Six investments, like the purchase of Carmike Cinemas, were found to have violations. The move is a setback for Jianlin, who has announced deals worth over $20 billion since 2016.