AMC ended Friday in afterhours trading at $43.72. So Locke had timed his sale very well. Locke knew what he was doing. The former Governor of Washington State served as Ambassador to China from 2011-2014, the time frame during which Dalian Wanda Group, a Chinese conglomerate, bought a controlling stake in AMC. And Locke became Wanda’s man inside AMC in 2016. But he is up for reelection next month, and with Wanda out of the picture – it had sold nearly its entire stake earlier this year – he is likely outa there.In other words, Locke found a home in the classic Chinese form of corruption, betting and gambling. Chinese immigrants have never been prominent in political corruption, even in cities like Seattle where they dominate everything else.
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