China Tycoon Who Lost $32 Billion Tries to Salvage an Empire
- Wanda Group’s cinemas, malls hit by pandemic as debt ballooned
- Founder Wang Jianlin’s wealth is now a sliver of its 2015 peak
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Wang Jianlin used to be Asia’s richest person, busy expanding his Dalian Wanda Group Co. by acquiring trophy assets overseas, all aided by easy credit.