![]() Kuailu is a large private enterprise that was formed out of four old state-run enterprises, including a wire and cable manufacturer, in the 1990s. “Some competitors and criminals are fabricating facts to blackmail Shanghai Kuailu group and other companies,” Kuailu said in its statement, protesting that “widespread rumors and defamation have greatly harmed us, a healthy private company.” ![]() Shanghai Kuailu Investment Group, run by mogul Shi Jianxiang, said the Donnie Yen-Mike Tyson martial arts film - released Friday in mainland China - was a “great film” with no need to artificially inflate its box-office receipts. With allegations of box-office fraud swirling around “Ip Man 3,” the film’s Chinese financier issued a strongly worded defense Wednesday, saying that unscrupulous cinemas and online ticket-sellers were behind any fake sales, and that the company was cooperating fully with government investigators.
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