Online streaming platform China Ruyi buys stake in Dalian Wanda's unit for $320m

Online streaming platform China Ruyi buys stake in Dalian Wanda's unit for $320m

Photo by Cytonn Photography on Unsplash

China Ruyi Holdings, a movie production and online streaming company, said one of its subsidiaries will buy a 49% stake in an investment unit of Dalian Wanda Group for 2.3 billion yuan ($320.08 million).