Tianjin Tianhai Investment Co., Ltd., the investment vehicle of Chinese conglomerate HNA Group Co. that is widely-known for acquiring American company Ingram Micro, is facing a possible failure in its attempt to take over Chinese e-commerce platform Dangdang Inc. "This acquisition has lasted for a long duration since its inception in January 2018. The related external factors have changed, which has embedded the deal with significant uncertainties," said Tianhai Investment in a delayed response to an inquiry from the Shanghai Stock Exchange on September …

Unit Of Debt-Ridden HNA Faces ‘Uncertainties’ In Buying China’s E-Commerce Site Dangdang appeared first on China Money Network.