BEIJING, China (AFP) — Chinese conglomerate Wanda announced plans Friday to invest in movies produced by Sony Pictures under an agreement that moves the company closer to its goal of becoming a major Hollywood player. Owned by one of the country’s richest men, billionaire Wang Jianlin, Wanda is seeking to shift its focus from property to services and entertainment as profits wane in China’s real estate sector. The movie deal, Wanda’s first with one of […]