In this week’s edition of People in the News, a GIC veteran leaves the sovereign wealth fund for a private equity role, while the investment wing of the UK’s biggest property agency adds some talent in Singapore and Dalian Wanda’s… Read More>>
As we move into September there are more new jobs for Asia’s real estate professionals than we had prize pumpkins at last week’s Minnesota State Fair. At the top of the list, Wang Jianlin loses the boss of his Bond… Read More>>
Dalian Wanda, the conglomerate controlled by China’s richest man, Wang Jianlin, has made outlandish headlines a routine occurrence in recent months, however, the company’s recent announcement of plans to add 24 new shopping malls within the next year, as well as 18 new five-star hotels, seems a bit crazy.
Even for a company that recently decided to take on Mickey Mouse, with plans for an amusement park in Wuxi that Wang challenged observers to compare “head to head with Shanghai Disney in terms of park visitors, and amount of revenue and see who is better.”
China’s richest man is getting ready to face off with the world’s best known mouse.
Wang Jianlin, the founder of real estate developer Dalian Wanda has announced plans to invest tens of billions of renminbi into a “cultural city” destination… Read More>>
Wang Jianlin, whose Dalian Wanda Group has made some of China’s boldest overseas acquisitions, is now seeking $318 million of investment from his existing shareholders to help continue the company’s acquisitions of hotel companies, overseas real estate, yacht makers, and… Read More>>
Outgoing New York mayor Michael Bloomberg made his billions selling information. However, when it comes to publishing news on how Wang Jianlin, one of China’s biggest overseas investors, became the country’s richest man through government connections, then apparently the story… Read More>>
When is a painting an announcement? When a Chinese real estate developer belonging to the country’s richest man pays more than double the estimated value for a Picasso, then the moment may have arrived.
Last week Dalian Wanda, the property… Read More>>