Dalian Wanda Group

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Dalian Wanda Group Corporation Limited
Industry Hospitality, retailing, property development, tourism, cultural industry[1]
Founded Dalian, Liaoning, China, 1988
Headquarters Beijing, China
Area served
Key people
Wang Jianlin (Chairman)[2]
Ding Benxi (President)
Products Plazas, yachts, luxury hotels, commercial property, department stores, cinemas
Revenue Increase US$ 39.47 billion (2014)[3]
Increase US$ 2.06 billion (2013)[3]
Total assets Increase US$ 86.15 billion (2014)[3]
Owner Wang's family owns 100% of Dalian Wanda directly and through holding company Dalian Hexing Investment Co.[2]
Subsidiaries AMC Theatres
Sunseeker International
Infront Sports & Media
Website www.wanda-group.com
Dalian Wanda Group Corporation Limited
Simplified Chinese 大连万达集团股份有限公司
Traditional Chinese 大連萬達集團份有限公司

Dalian Wanda Group Corporation Limited (simplified Chinese: 大连万达; traditional Chinese: 大連萬達; pinyin: Dàlián Wàndá) is a Chinese conglomerate and China’s "biggest private property developer"[4] and the world's largest cinema chain operator, owning AMC Entertainment.[5]

The company operates in four major industries—commercial property, luxury hotels, culture and tourism, and department stores. It was founded in Dalian, Liaoning Province, by Wang Jianlin and is now headquartered in Beijing.

CEO Wang Jianlin has said that he seeks to “make Wanda a brand like Walmart or IBM or Google, a brand known by everyone in the world”.[6]


The company was founded in Dalian, Liaoning Province, in 1988 as a residential real estate company by Wang Jianlin.[7] Incorporated in 1992, the company was "one of the first shareholding companies in Communist China".[6]

Diversification push[edit]

Since 2005,[2] recent years Chinese property developers like Dalian Wanda and Evergrande have made forays into "alternative, income-generating businesses away from the property market". The Financial Times noted that Dalian Wanda was the "most aggressive" in pursuing this strategy, pointing to its 2012 acquisition of U.S. cinema chain AMC Theatres and 2013 purchase of British yachtmaker Sunseeker. It noted that it was also "building theme parks across China, and has a joint venture with Tencent and Baidu to set up an ecommerce platform".[8] Additionally, Dalian Wanda is building a Chinese Hollywood in the coastal city of Qingdao, where it is building a "mega-entertainment center that will include a theme park, a film museum, a wax museum and a massive film studio, which [founder Wang Jianlin] promises will be the world's largest".[9]

The Economist noted that company’s "recent move into cultural industries has clearly been made with government support", pointing out that President Xi Jinping views promoting traditional Chinese culture as "vital to projecting China’s soft power abroad and maintaining the Communist Party’s grip at home".[4]

Dalian Wanda acquired the U.S.-based cinema operator AMC Theatres[2] in May 2012 for $2.6 billion.[10] The company website said that its existing Wanda Cinema Line was “Asia’s largest” cinema operator and following the merger it claims to be the world’s largest cinema operator.[11] The acquisition went through successfully in September 2012.

In June 2013, Dalian Wanda planned to invest $1.1 billion to develop a new five-star hotel in London next to the Thames River in Vauxhall, South London, as part of the Nine Elms regeneration.[2] Mayor of London Boris Johnson welcomed this move.[12] It is building "Western Europe’s tallest residential building".[6]

In June 2013, Dalian Wanda acquired Sunseeker International, a UK-based maker of luxury yachts used in the James Bond movies, for $500 million.[2] This acquisition will give them a 92% stake in the company.[12]

Initial public offering[edit]

In December 2014, Dalian Wanda Commercial Properties, the group's property division, raised $3.7 billion in an initial public offering on the Hong Kong Stock Exchange,[13] the "most money a real estate company has raised in the public markets".[6] The IPO made founder Wang Jianlin worth more than $25 billion, making him one of China's richest men.[4]

In January 2015, Dalian Wanda purchased an office building in Sydney, Australia, from Blackstone Group for around $327 million.[14] The company is "aggressively expanding overseas to move away from China's property market, which has been hit by a slowing economy".[8]

In February 2015, Dalian Wanda won an auction to purchase Infront Sports & Media, a sports-marketing company based in Zug, Switzerland, for $1.2 billion.[15][16] Infront distributes broadcasting rights for some of the world’s biggest sporting events; for example, it has the exclusive sales rights to broadcast FIFA's events from 2015 to 2022, including the 2018 and 2022 World Cups. According to Wang Jianlin, "the acquisition is expected to help boost sports in China and increase Wanda’s influence in global sports".[17]


Wanda Plaza in Beijing houses the company's headquarters

Wanda Group has its headquarters in the Wanda Plaza (万达广场) in Beijing's Chaoyang District, where it moved in 2009.[18]

As of June 16, 2014, Dalian Wanda owned 88 Wanda Plazas, 55 five-star hotels, 1,247 cinema screens, 78 department stores, and 84 karaoke centres throughout China.[19]

In 2013, the company’s assets totaled 380 billion yuan ($62.8 billion), its annual income reached 186.6 billion yuan ($30.8 billion) and net profits exceeded 12.5 billion yuan ($2.06 billion).


Since 2011, Dalian Wanda has been the major sponsor of the Chinese Super League football league.[20] From 1994 to 2000, it was the primary sponsor for the Dalian Shide F.C. (then named Dalian Wanda F.C.), during which time the club won four titles in the Chinese top-tier Jia-A League.[21]

The "China's Future Football Stars" project, kicked off in 2013, is being funded by the Wanda Group with an initial phase-I investment of at least 200 million yuan (approximately $32.5 million), the biggest sponsorship in domestic youth sport development since 1949. The program will see 30 young footballers sent to Spain each year for a three-year training program that will consist of football training, as well as education in Spanish language and local culture.

On January 20, 2015, it was reported that Wang Jianlin was buying a 20% stake in the La Liga club Atlético Madrid.[22] The buying was finalised March 31, 2015, when the company Wanda Madrid Investment, a part of Dalian Wanda Group, has officially become a shareholder of Atlético Madrid after subscribing 726.707 shares, representative of 20% of the club's share capital, for which they have paid 44.983.163,30€, at 61,90€ per share.[23]

See also[edit]


  1. ^ Spender, Tom. "Interview with Dalian Wanda’s Wang Jianlin". Tomspender.com. Retrieved 29 December 2014. 
  2. ^ a b c d e f Wei, Michael (19 August 2013). "Property Mogul Emerges as China's Richest Person". Bloomberg News. Retrieved 19 August 2013. 
  3. ^ a b c "Corporate Profile". Official website of Dalian Wanda Group. Retrieved 1 January 2015. 
  4. ^ a b c "It’s a Wanda-ful life". The Economist. February 14, 2015. 
  5. ^ "Industry Partners: Dalian Wanda Group". World Economic Forum. Retrieved 15 February 2015. 
  6. ^ a b c d Alexandra Stevenson; Michael Forsythe (December 16, 2014). "Dalian Wanda Commercial, a Chinese Developer, Raises $3.7 Billion in I.P.O.". New York Times. 
  7. ^ "Wanda Group threw 5 billion yuan for rock-bottom price bargains, and Wang Jianlin predicted a complete shuffle for the real estate industry - Column of Wang Jianlin - About Wanda". Dalian Wanda Group. November 29, 2008. Retrieved 2012-05-22. 
  8. ^ a b Josh Noble; Gabriel Wildau (January 15, 2015). "Dalian Wanda changes property strategy after IPO". Financial Times. 
  9. ^ Burkitt, Laurie (September 22, 2013). "Wang Jianlin Aims to Create Hollywood, China". Wall Street Journal. 
  10. ^ "News Summary: AMC theater chain to be sold". Bloomberg Businessweek. May 21, 2012. 
  11. ^ "Wanda Buys US Movie Chain AMC". Dalian Wanda Group. Retrieved 2012-05-22. 
  12. ^ a b "China's Dalian Wanda to buy UK yacht maker and hotel". BBC. June 19, 2013. 
  13. ^ Ho, Prudence (December 15, 2014). "Dalian Wanda Commercial Properties Raises $3.7 Billion in IPO". Wall Street Journal. 
  14. ^ "Blackstone to sell prime Sydney property to Dalian Wanda for $327 million", Reuters, 26 January 2015
  15. ^ Cotterill, Joseph; Massoudi, Arash; Blitz, Roger. "Dalian Wanda buys Sepp Blatter nephew’s sports rights agency". Financial Times. Retrieved 10 February 2015. 
  16. ^ "Chinas Wanda buys sports group Infront for 1.05 billion euros". Business Insider. Retrieved 2015-02-09. 
  17. ^ Burkitt, Laurie (February 9, 2015). "Dalian Wanda to Buy Swiss Sports Group Infront". Wall Street Journal. 
  18. ^ "Contact." Wanda Group. Retrieved on January 4, 2015. "Headquarters Address: Tower B, Wanda Plaza, No. 93 Jianguo Road, Chaoyang District, Beijing" - Chinese address: "北京市朝阳区建国路93号万达广场B座"
  19. ^ "Introduction: About Wanda". Dalian Wanda Group. Retrieved 2012-05-22. 
  20. ^ "Dalian Wanda to invest millions in Chinese football". Soccerex. Retrieved 2012-05-22. 
  21. ^ van de Ven, Johan. "Death of an Institution: The Dalian Shide Story". Wild East Football. Retrieved 22 November 2014. 
  22. ^ "China’s 2nd-Richest Grabs Stake in Spanish Soccer Club", Bloomberg News (January 20, 2015).
  23. ^ http://en.clubatleticodemadrid.com/noticias/wanda-group-is-now-the-owner-of-20-of-the-club-s-shareholding

External links[edit]