Billionaire Wang Jianlin signals son won’t helm $91.7 billion empire

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Chinese billionaire Wang Jianlin clarified his plans to hand the helm of his 634 billion yuan ($91.7 billion) property-to-media empire, Dalian Wanda Group Co., to professional managers as the tycoon’s only son didn’t seem to be interested in following his father’s footsteps

Hit hard by demonetisation, Foxconn puts a fourth of its India workers on bench

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NEW DELHI: Foxconn, the world’s largest contract manufacturer and poster boy of the government’s Make in India project, has asked nearly a fourth of its 8,000 factory workers to go on paid leave for two weeks after last month’s demonetisation of high value notes sparked a severe cash crunch that saw sales slump almost 50%, forcing the company to slash production by half.

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