Bloomberg Billionaire Wang Jianlin’s $4.4 billion proposal to privatize Dalian Wanda Commercial Properties Co. drew support from Glass Lewis, which advised investors to vote for the plan. The buyout offer’s rationale is “fairly standard,” and “straightforward,” according to a Glass Lewis report seen by Bloomberg. The proxy advisory firm is “inclined to agree” that the buyout of listed shares ...

  Bloomberg For David Wong, the business of selling homes isn’t as good this year as it was in 2015, and he’s blaming that on a decline in customers from China. “The residential-property market here, especially for those priced between $2.5 million to $3 million, has been affected by China’s measures to control capital flight,” said the New York City-based ...

  Bloomberg Africa’s startups are seizing an opportunity they say Google and Apple Inc. have missed — making apps for non-smartphones. In a region where the average customer doesn’t own a smartphone or a bank card, hundreds of millions of people do use some kind of basic phone. That’s prompting developers to build no-frills text-based apps, keeping data consumption down ...