Home prices are hitting new records in Shanghai and the government seems to be unhappy. The result for homebuyers could be minimum 50 percent down-payment levels and the upshot for developers could be lower demand for housing. Plus, China’s biggest… Read More>>
Dalian Wanda on the Hunt for Hollywood Studios and More Asia Real Estate Headlines
China’s richest man remains determined to go Hollywood, as Dalian Wanda boss Wang Jianlin revealed this week that he plans to buy a top US movie studio. Another headline grabber is back in the news today with Anbang Insurance reportedly… Read More>>
Legendary Losses Slowing Down Wang’s Dream of a Cinema Empire
Chinese billionaire Wang Jianlin has big plans for building a movie business empire, but that golden future looks a bit further off after the tycoon’s Dalian Wanda Group announced an indefinite delay in the incorporating Legendary Picture into its mainland-listed… Read More>>
Wanda Closes RMB 7B Theme Park for Renovation 19 Months After Opening
The highly touted Wuhan Wanda Movie Park, owned by China’s largest real estate company, the Dalian Wanda Group, has closed for “upgrades and renovation” just 19 months after the grand opening of the RMB 7 billion ($1.05 billion) attraction. The… Read More>>
Wanda Whiffs on $3B Ecommerce JV with Tencent and Baidu
China’s richest man may have just gotten a bit poorer after Internet giants Tencent and Baidu apparently walked away from a $3 billion ecommerce joint venture with Wang Jianlin’s Dalian Wanda group.
Just two years ago, Wang was trumpeting the… Read More>>
Blackstone, GIC Bid for $1B Stake in Indian Developer and More Asia Real Estate Headlines
The world’s biggest alternative investment manager, and Singapore’s sovereign wealth fund look at a $1 billion India real estate deal, while Wanda makes progress on its Hong Kong privatisation plan, while spending some pocket millions on a new web platform…. Read More>>
China Life Endorses Wanda’s $4.4B HK Buyout Plan and More Asia Real Estate Headlines
Wang Jianlin took another step toward his dream of privatising his Wanda commercial property business this week when the $4.4 billion plan received backing from one of his biggest shareholders, while the wannabe entertainment impresario made what is said to… Read More>>
Wanda Says Will Triple Entertainment Revenue to $22B by 2020
Dalian Wanda Group has spent nearly $16 billion buying up movie production houses, theatre chains and sports marketing companies this year, but the transformation of China’s biggest mall owner into a global entertainment empire may not be finished yet.
As… Read More>>
Wanda’s Wang Heads for Record $16 Billion in Deals and More Asia Real Estate Headlines
One of China’s biggest foreign investors is taking his acquisition streak to new levels as Wang Jianlin notched $16 billion in acquisitions so far this year, should the group’s latest proposal go through. China’s bureaucrats have been less successful in… Read More>>
Greenland Group Leads China’s Fortune 500 Real Estate Developers
China’s property market has been on the upswing in the last year, and the rise in real estate prices has helped four of the country’s top developers land in the Fortune Global 500 list of the world’s biggest companies, with… Read More>>
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