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Chinese Mogul Urges Trump Against Scrutinizing Media Investments

  • ‘Let’s not fight over entertainment,’ Wanda’s Wang says
  • Wanda has been biggest Chinese investor of Hollywood assets
Bloomberg business news

Billionaire Wang Jianlin: Davos Panel

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China’s biggest media mogul said he’d be a "happy buyer" of a top Hollywood studio if one were for sale and urged president-elect Donald Trump to resist calls for the government to scrutinize Chinese investments in the U.S. entertainment industry, warning such a move could hurt both sides.

"If the U.S. blocks Chinese capital, China can retaliate with protectionist measures. This won’t be good for anyone," Dalian Wanda Group Co.’s billionaire Chairman Wang Jianlin told Bloomberg News Editor-in-Chief John Micklethwait during a panel at the World Economic Forum in Davos, Switzerland. "Let’s not fight over entertainment."