Chinese group Wanda says revenue surged in 2015

Chinese conglomerate Wanda Group, owned by the country's richest man, said revenue surged nearly 20 percent in 2015, despite worsening economic conditions in its home market. Wanda, founded by Wang Jianlin, has its origins in commercial property but is diversifying into areas ranging from entertainment to e-commerce. Reports say the company might soon take a stake in US film studio Legendary and Wanda is scheduled to hold a news conference in Beijing on Tuesday regarding an overseas acquisition.