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Secretive Financial Group Unloads $3.5 Billion Trust

Tomorrow Holdings’ sale of New China Trust marks latest disposal for heavily indebted firm
China’s Westlake University Aims to Match Caltech

Top Chinese academics trained abroad help build new institution pioneering privately funded elite higher education
Property Firms Ordered to Stop Passing Off Housing Developments as Theme Parks

Warning comes as amusement-park industry balloons due to country’s growing middle class
Fitch Considers Upgrading Wanda Commercial Rating on Easing Debt Concerns[CX Flash]

International rating company Fitch Ratings said Friday that it may remove Dalian Wanda Commercial
Former Wanda Exec Wants to Bring New Movies to China’s Masses

Jack Gao takes top job at Smart Cinema, which will make new movies available over mobile app
Alibaba Reports 61% Jump in Quarterly Revenue

Net profit declines 29% amid heavy spending on business investment as Alibaba projects 60% revenue growth for fiscal 2019
HNA Group’s Debt Overhang Expanded in 2017

Exchange filing shows widening debt-to-assets ratio as conglomerate accelerates asset sales in face of cash crunch
Take Two: Wanda Quietly Launches Qingdao Movie Metropolis

Low-key opening contrasts with original announcement attended by Hollywood A-Listers like Leonard DiCaprio
Valuation in Focus as Ant Financial Creeps Toward New Funding

Bulls say Alibaba-backed fintech firm could be worth up to $150 billion
Quick Take: Six Flags Coasts Toward More China Expansion

Entertainment complex in Nanjing continues latecomer’s aggressive recent push in country