More Turmoil for China’s Wanda as Rumors Fly

China’s Dalian Wanda issued a stern denial Monday following rumors that company chairman Wang Jianlin had been detained by authorities as he attempted to fly abroad. The unsubstantiated reports caused stocks in Wanda’s hotel group to swoon. “Rumors have been spread by people with ulterior motives,” the company said in a statement. “This is not the first time. Similar ones circulated in mid-August when chairman Wang went to Lanzhou.”