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Dalian Wanda Wang Jianlin

Wanda Waves Bye Bye to Sofitel, Hyatt and Hilton in Quest to Build Own Hotel Brand

2018/04/09 by Shawna Kwan Leave a Comment

Dalian Wanda Group is saying goodbye to its partnerships with foreign hotel operators as the Chinese conglomerate continues its quest to build the first globally recognised Chinese premium hotel brand.

While the company has been forced to abandon its attempts… Read More>>

Wang Jianlin Jack Ma

Alibaba Offline Deals Roll on With $744M Investment in Wanda Film

2018/04/03 by Shawna Kwan Leave a Comment

Alibaba Group has closed on its acquisition of a RMB 4.68 billion ($744 million) stake in Wanda Film to become the film company’s second largest shareholder, following through on an agreement signed in early February. The move came just days… Read More>>

Wanda NYC Project

The $1B NYC Tower That Woulda, Coulda Been Wanda’s

2018/03/26 by Michael Cole Leave a Comment

Dalian Wanda’s story in the last year has been a cascade of woe as the one-time world-beating investor has sold off projects in the UK, Australia and China due to a mix of regulatory and financial pressures.

However, a recently… Read More>>

Wanda Wang Jianlin

Wanda Drops Property From Company Name as Wang Moves Away From Development

2018/03/06 by Shawna Kwan Leave a Comment

Dalian Wanda Commercial Properties Co has officially changed its name to Wanda Commercial Management Group to “implement the company’s development strategy,” the firm said in a recent filing to the Shanghai Stock Exchange in accordance with bond regulations.

Wanda revealed that… Read More>>

Alibaba and State-Backed Partner Take $1.2B Stake in Wanda Theatre Business

2018/02/06 by Greg Isaacson Leave a Comment

Dalian Wanda Group is selling a nearly 13 percent stake in its 500 domestic movie theatres to Alibaba Group and a state-backed firm for RMB 7.8 billion ($1.24 billion), as Wang Jianlin offloads another piece of his property-to-entertainment conglomerate.

Under… Read More>>

Dalian Wanda Wang Jianlin

Tencent, JD.Com, Suning and Sunac Bet $5.4B on Transforming Wanda into O2O Giant

2018/01/29 by Michael Cole Leave a Comment

Wanda boss Wang Jianlin has been selling properties in the UK, Australia and mainland China to help lessen his debt load, and now the owner of China’s biggest commercial developer is selling off nearly 14 percent of his flagship commercial… Read More>>

Wang Jianlin

Wanda To Bail on $1.5B in Australia Projects Amid Global Retreat

2018/01/24 by Greg Isaacson Leave a Comment

Dalian Wanda Group is walking away from its flagship property projects in Australia, in a deal that could exceed $1.5 billion, as the Chinese mall builder downsizes its overseas portfolio.

In an announcement last night, the group’s Hong Kong-listed unit… Read More>>

Wang Jianlin Wanda

Wanda Reports 11% Revenue Drop in 2017 as Wang Jianlin Scales Back His Empire

2018/01/22 by Greg Isaacson Leave a Comment

Dalian Wanda Group saw its revenue tumble by nearly 11 percent last year as the Chinese conglomerate retreated from its global investment and diversification drive to focus on its core property business.

The group’s operating revenues for 2017 dropped 10.8%… Read More>>

Wang Jianlin Wanda

Wanda Hotel Unit Changes Hands for $470M Amid Restructuring Drive

2017/12/05 by Greg Isaacson Leave a Comment

Chinese billionaire Wang Jianlin is continuing to restructure his commercial property empire, by personally purchasing a controlling stake in Dalian Wanda Group’s Hong Kong-listed hotel unit for HK$3.67 billion ($470 million).

Through the proposed transaction, a vehicle wholly owned by… Read More>>

Wang Jianlin

Wanda Slid Out of $3B Ski Resort Investment as Downhill Run Began

2017/12/04 by Greg Isaacson Leave a Comment

Dalian Wanda boss Wang Jianlin may no longer be China’s richest man, but he can still make a whole mountain disappear.

Wang’s Dalian Wanda Commercial Properties quietly sold off its equity in the $3 billion Changbaishan International Resort in northeastern… Read More>>

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