In the mid to late 2000s, it was a bit of a running joke: “I have a Chinese investor who wants to put $50 million into a fund.” Sure, you do. Such deals were often rigorously negotiated before fizzling out abruptly. It took some time for actual agreements to take shape, but once they were locked down, it was quite the cornucopia, from Wanda Group’s 2012 acquisition of AMC Theatres and 2016 purchase of Legendary Entertainment to consistent film investments by Huayi Brothers and Tencent.

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