Wanda's sports purchase boosts China's World Cup ambitions

Hosting soccer's World Cup on home soil has long been a dream not only for Chinese fans, but also top leaders.

Chinese company Dalian Wanda Group's latest acquisition of Infront Sports & Media, an international sports marketer and soccer promoter, has taken a major step toward realizing this.

The acquisition has also cemented the company's status as a competent player in the global sports market.