Economy

Wanda Takes Legal Action Over "Malicious Rumors" About Chairman Wang

Wanda Takes Legal Action Over

One of the richest men in China has taken legal action against what he called rumor mongers that he accused of spreading fake news about his company and him.

Chinese conglomerate Dalian Wanda Group is making good on its promise to pursue aggressive legal action against those who propagate "malicious rumors" about the company's billionaire chairman Wang Jianlin.

The rumors came against the backdrop of increased scrutiny by Chinese authorities of global deal-making by Wanda and other Chinese companies.

In a statement released Wednesday, Wanda says, "Regarding the malicious rumors that have recently been fabricated and spread with respect to the Chairman of the Dalian Wanda Group, Mr. Wang Jianlin, Wanda has filed lawsuits against the responsible rumormongers on September 5th in Chinese courts holding the proper jurisdiction, and the courts have accepted the lawsuits". Wanda further added that it was preparing to press criminal charges in some cases and made a note of Beijing's strict but controversial new laws against spreading false information online in China. WeChat is China's equivalent to WhatsApp and Weibo is equivalent to Twitter.

"We are communicating with our lawyer now, and then we'll see how to deal with it later", said Wang Pu, chief editor with Asia News Weekly. However, it's also going after individual social media users.

A founder of a consumer rights business on Internet said he has been shocked to hear Wanda filed the lawsuit against him. "But I deleted the posts immediately after I found out they were misleading".

He apologized to Wang, but does not have the means to pay Wanda 5 million yuan that was demanded by Wanda.

Wanda said it was also considering legal action in the USA against the obscure Chinese-language blog Boxun, which appears to have been a primary source of the reports of Wang's alleged detention.

Wang has been on the defensive for months.

For months, Wang has been fending off rumors as he dumped a big deal involving real estate in London in August and in July sold a number of theme parks and hotels. Based on current estimates from the Bloomberg Billionaires Index, he has now slipped to fourth, behind tech billionaires Jack Ma and "Pony" Ma Huateng, and real estate tycoon Hui Ka Yan.



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