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| parent =
| divisions = [[Wanda Cinemas]]<br />[[Wanda Media]]
| subsid = [[Sunseeker International]]<br />[[Infront Sports & Media
| slogan =
| foundation = [[Dalian]], [[Liaoning]], [[China]]<br />{{start date and age|1988}}
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{{Chinese|title=Wanda Group|s=万达集团|t=萬達集團|order=st|p=Wàndá Jítuán|s2=大连万达|t2=大連萬達|p2=Dàlián Wàndá}}
'''Wanda Group''' ({{zh|s=万达集团|hp=Wàndá Jítuán}}), or the ''' Dalian Wanda Group''' ({{zh|c=大连万达|labels=no}}), is a Chinese [[multinational corporation|multinational]] [[conglomerate (company)|conglomerate]] founded in [[Dalian]], [[Liaoning]] and headquartered in [[Beijing]].
With investments within [[Mainland China]] and globally, the Dalian Wanda group has investments across many industries including construction, entertainment, media, industrial manufacturing, financial services, high technology, hospitality, real estate, retail, health care, and sports. It ranked 380th on the [[Fortune Global 500]] List in 2017.<ref>{{Cite web|url=http://fortune.com/global500/dalian-wanda-group/|title=Dalian Wanda Group|work=Fortune|access-date=4 August 2017}}</ref> Also in 2017, its assets amounted to 700 billion yuan and an annual revenue of 227.4 billion yuan ($35.29 billion). Wanda Cultural Industry Group is one of China's cultural enterprises, which includes movie theaters as well as sports and film production assets, and contributed 28% or $10.85 billion to overall revenue.<ref>{{Cite news|url=https://www.wsj.com/articles/chinas-wanda-gets-back-to-basics-as-revenue-slides-1516447545|title=China's Wanda Gets Back to Basics as Revenue Slides|last1=Fong|first1=Dominique|date=2018-01-21|work=[[The Wall Street Journal]]|access-date=2018-01-26|last2=Ma|first2=Wayne|language=en-US|issn=0099-9660}}</ref> Wanda Group ranks 28th on the 2020 China Top 500 Private Enterprises List.<ref>{{Cite web|title=2020中国民营企业500强榜单|url=http://www.acfic.org.cn/zzjg_327/nsjg/jjb/jjbgzhdzt/2020my5bq/2020my5bq_bgbd/202009/t20200910_244590.html|access-date=2021-11-01|website=www.acfic.org.cn}}</ref>
== History ==
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Since 2005, Dalian Wanda and other prominent Chinese real estate companies such as [[Evergrande]] have made numerous forays into "[[Alternative investment|alternative]], income-generating businesses away from the income-producing Chinese property market."<ref name="update 2013"/> The ''[[Financial Times]]'' noted that Dalian Wanda was the "most aggressive" company in pursuing this strategy, pointing to its 2012 acquisition of American 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|e-commerce]] platform".<ref name=wildau>{{cite news |author1 =Josh Noble |author2 =Gabriel Wildau| title = Dalian Wanda changes property strategy after IPO | url = http://www.ft.com/cms/s/0/cda49dc0-9c98-11e4-a730-00144feabdc0.html | work= Financial Times| date=January 15, 2015}}</ref>
Dalian Wanda acquired the American cinema operator [[AMC Theatres]] in May 2012 for US$2.6 billion, the largest Chinese acquisition of an American company to that date.<ref>{{cite news |url= http://www.businessweek.com/ap/2012-05/D9UTDHIG0.htm |archive-url= https://web.archive.org/web/20150923223942/http://www.businessweek.com/ap/2012-05/D9UTDHIG0.htm |url-status= dead |archive-date= September 23, 2015 |title=News Summary: AMC theater chain to be sold |work = [[Bloomberg Businessweek]] |date= May 21, 2012 }}</ref> The acquisition went through successfully in August 2012, making Wanda Cinemas the world's largest cinema operator.<ref name=ShihMcGee>{{Cite journal |last=Shih |first=Willy |author2=McGee, Henry |date=December 2015 |title=Hollywood on the Yellow Sea |journal=[[The Atlantic]] |volume=316 |issue=5 |pages=44–51 |url=https://www.theatlantic.com/magazine/archive/2015/12/hollywood-on-the-yellow-sea/413185/ |access-date=February 3, 2016 }}</ref> As of 2016, Wanda
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.<ref name="update 2013"/> [[Mayor of London]] [[Boris Johnson]] welcomed this move.<ref name="bbc.co.uk"/> The building was said to become "Western Europe’s tallest residential building" until plans were scrapped in 2015.<ref name=dealbook/>
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In June 2015, Wanda Cinemas announced that it had acquired Australian cinema chain [[Hoyts]].<ref name=hoyts /> In Chile it was acquired by [[Cinépolis]], in Uruguay by Life Cinemas, and in Argentina by [[Cinemark]].
In November 2015,
Dalian Wanda developed a skyscraper in Chicago initially called [[Wanda Vista]], designed by the Chicago-based architect [[Jeanne Gang]], which would become the city's third-tallest building and the tallest building in the world designed by a woman, passing Chicago's [[Aqua Tower]] (also designed by Jeanne Gang).<ref>{{cite news|last1=Kamin|first1=Blair|title=Proposed skyscraper could be third-tallest -- or fifth-tallest -- in Chicago|url=http://www.chicagotribune.com/news/columnists/ct-wanda-vista-skyscraper-met-0414-20150413-column.html|access-date=May 30, 2016|work=The Chicago Tribune|date=Apr 14, 2015}}</ref>
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Wanda Group also owns 20 percent of Mtime, a Chinese film website.<ref>{{cite web |url= https://deadline.com/2016/06/warcraft-box-office-analysis-china-future-1201772400/|title= Is 'Warcraft's Outsized China Box Office A Game-Changer For Hollywood?|first= Nancy|last= Tartaglione|date= June 15, 2016|access-date= June 16, 2016|work= [[Deadline Hollywood]]}}</ref>
In September 2016, Wanda announced a major partnership with [[Sony Pictures Entertainment]], in which it
In November 2016, Wanda announced it would acquire the American television production company [[Dick Clark Productions]] for around $1 billion.<ref>{{Cite news|url=https://www.wsj.com/articles/chinas-wanda-group-to-buy-dick-clark-productions-for-about-1-billion-1478223352|title=China's Wanda Group to Buy Dick Clark Productions for About $1 Billion|last1=Angeles|first1=Erich Schwartzel in Los|date=2016-11-04|last2=Beijing|first2=Wayne Ma in|newspaper=Wall Street Journal|issn=0099-9660|access-date=2016-11-04}}</ref> However, the deal fell through, with ''Bloomberg'' citing increasing regulation of Chinese investments both domestically and in the United States, and ''Deadline.com'' citing financial struggles in Wanda's real estate business.<ref name="bloomberg-hurdles">{{cite news|title=Wanda's $1 Billion Bid for Dick Clark Faces Hurdles|url=https://www.bloomberg.com/news/articles/2017-02-21/wanda-s-1-billion-bid-for-dick-clark-said-to-be-facing-hurdles|newspaper=Bloomberg.com|date=21 February 2017|access-date=21 February 2017}}</ref><ref name="deadline-salescrapped">{{cite web|title=Dick Clark Productions Owner Scraps $1B Sale To Wanda Group|url=https://deadline.com/2017/03/dick-clark-productions-owner-scraps-sale-wanda-group-1202040693/|website=Deadline Hollywood|date=10 March 2017|access-date=10 March 2017}}</ref>
In May 2017, Wanda announced it would invest US$3.3 billion by 2024 in [[EuropaCity]], a mega commercial real estate project near Paris's [[Charles de Gaulle airport]] that
In July 2017, Wanda
On July 14, 2017, it was reported that Wanda was selling a number of theme parks and hotels for US$9.3 billion to Chinese property developer [[Sunac China|Sunac]].<ref>{{Cite web|url=https://www.cnbc.com/2017/07/12/wanda-sale-to-sunac-strange-accounting-trick-behind-one-of-chinas-largest-property-deals-ever.html|title=Wanda sale to Sunac: Strange accounting trick behind one of China's largest property deals ever|last=Yan|first=Sophia|website=[[CNBC]] |date=2017-07-12|access-date=2017-07-14}}</ref>
On August 5, 2017, Wanda invested US$2.14 billion in the Chinese health care industry and launched the Health Care Group in joint cooperation with the British health care services provider, [[International Hospitals Group|International Hospital Group.]]<ref>{{Cite web|url=https://www.sohu.com/a/162129406_114835|title=万达发力大健康 行业未来前景看好_搜狐财经_搜狐网|website=www.sohu.com|access-date=2017-08-05}}</ref>
On August 9, 2017, Dalian Wanda Group announced the combined acquisitions of Wanda Culture Travel Innovation Group and Wanda Hotel Management Co. respectively in a major corporate restructuring throughout the conglomerates hospitality division. In a filing posted on the Hong Kong Stock Exchange, Wanda Hotel Development said it will acquire Wanda Travel for RMB6.3 billion, paid either in cash, the issue of shares and/or convertible bonds, with share prices determined by the company's closing price on Aug. 8 at HK$1.16 per share. Wanda Hotel Development
In September 2017, Wanda made a foray into the Chinese high-technology industry when it launched its technology start-up business accelerator project. The final 15 high-technology business startups
On September 28, 2017, S&P downgraded Dalian Wanda Commercial Properties to BB.<ref>{{Cite news |last1=Feng |first1=Emily |date=28 September 2017 |title=S&P downgrades Dalian Wanda Commercial Properties to BB |language=en-GB |website=Financial Times |url=https://www.ft.com/content/c3eca1c6-5813-3f7e-ab3d-a7be998422d0 |access-date=2018-11-08}}</ref>
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In 2017, Wanda derived around 49 percent of its revenue from Dalian Wanda Commercial Properties Co. 28% or $10.85 billion, of total revenue was contributed by Wanda's cultural division, including cinemas, sports, and film production-related assets.<ref name=wsj-forbes>{{cite news |last=Fong |first=Dominique |date=January 21, 2018 |title=China's Wanda Gets Back to Basics as Revenue Slides |url=https://www.wsj.com/articles/chinas-wanda-gets-back-to-basics-as-revenue-slides-1516447545 | work=[[The Wall Street Journal]] |location=The New York Times, New York City, United States |access-date=January 21, 2018}}</ref>
On January 29, 2018, [[Tencent]], [[Suning.com|Suning]], [[JD.com]], and Sunac signed strategic investment agreements with Wanda Commercial, with plans to invest about RMB 34 billion to acquire Wanda Commercial's 14% equity interest.<ref>{{Cite web|url=http://www.wanda-group.com/2018/latest_0129/1807.html|title=Wanda Commercial Signs Strategic Investment Agreements with Tencent and Other Investors to Jointly Build O2O "New Consumption"-Wanda Group|website=www.wanda-group.com|access-date=2018-02-02}}</ref>
On February 5, 2018, Wanda Group signed a strategic investment agreement with Alibaba Group and Cultural Investment Holdings. The 2 parties will invest 7.8 billion yuan for Wanda Film Holding's 12.77% stake. Of which, [[Alibaba Group|Alibaba]] invests 4.68 billion yuan and CIS invests 3.12 billion yuan, becoming the second and third largest shareholders after the transaction. Wanda Group remains the controlling shareholder with 48.09% of shares in Wanda Film.<ref>{{Cite news|url=https://www.reuters.com/article/brief-wanda-group-says-it-signs-strategi/brief-wanda-group-says-it-signs-strategic-investment-agreement-with-alibaba-cultural-investment-idUSH9N1PP02Y|title=BRIEF-Wanda Group Says It Signs Strategic Investment Agreement With Al|date=5 February 2018|work=Reuters|access-date=2018-02-09}}</ref>
On April 28, 2018, the [[Oriental Movie Metropolis|Qingdao Movie Metropolis]], a nearly RMB 50 billion industrial investment project, was completed after four years and seven months of construction. The Qingdao Movie Metropolis covers a land area of 166 hectares. According to plans, its production zone
In May 2018, Wanda, Tencent, and [[Gaopeng]]
===Initial public offering===
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On January 20, 2015, it was reported that Wang Jianlin was buying a 20 percent stake in La Liga club [[Atlético Madrid]].<ref>"[https://www.bloomberg.com/news/2015-01-21/china-s-2nd-richest-grabs-stake-in-spanish-soccer-club.html China’s 2nd-Richest Grabs Stake in Spanish Soccer Club]", ''Bloomberg News'' (January 20, 2015).</ref> The purchase was finalized March 31, 2015, when the company Wanda Madrid Investment, a subsidiary of Dalian Wanda Group, officially become a partial owner of Atlético Madrid after gaining control of 726,707 shares, representing a 20 percent ownership stake of the entire team. The purchase price was valued at €44,983,163.30, or €61.90 per share.<ref>{{cite web|url=http://en.clubatleticodemadrid.com/noticias/wanda-group-is-now-the-owner-of-20-of-the-club-s-shareholding|title=Club Atlético de Madrid - Wanda Group is now the owner of 20% of the Club's shareholding|website=Club Atlético de Madrid|access-date=2015-04-12|archive-date=2016-01-02|archive-url=https://web.archive.org/web/20160102160007/http://en.clubatleticodemadrid.com/noticias/wanda-group-is-now-the-owner-of-20-of-the-club-s-shareholding|url-status=dead}}</ref> The Group sold 17% of its stake to Israeli businessman [[Idan Ofer]] on 14 February 2018 for an undisclosed amount.<ref>{{Cite news|url=https://www.reuters.com/article/us-atletico-dalian-wanda/chinas-dalian-wanda-sells-17-percent-stake-in-spains-atletico-madrid-idUSKCN1FY0XJ|title=China's Dalian Wanda sells 17 percent stake in Spain's Atletico Madrid|date=14 February 2018|work=Reuters|access-date=2018-02-22}}</ref>
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.<ref>{{cite news |last1=Cotterill|first1=Joseph |last2= Massoudi| first2=Arash|last3=Blitz |first3=Roger|title= Dalian Wanda buys Sepp Blatter nephew's sports rights agency| url= http://www.ft.com/cms/s/0/92157ce8-b070-11e4-a2cc-00144feab7de.html | work = Financial Times |access-date=10 February 2015}}</ref><ref>{{cite news |url= http://www.businessinsider.com/afp-chinas-wanda-buys-sports-group-infront-for-1.05-bn-euros-2015-2?IR=T |title= China's Wanda buys sports group Infront for 1.05 billion euros |work = Business Insider |access-date=2015-02-09}}</ref> Infront distributes [[Broadcasting of sports events|broadcasting rights]] for some of the world's biggest sporting events; for example, it
[[File:Wanda Plaza (Jiyuqiao).jpg|thumb|335x335px|Wanda Plaza in [[Wuhan]], [[Hubei]].]]
In August 2015, Dalian Wanda
In November 2015, it was announced that Dalian Wanda created a sports division within the company, with the purpose of housing the entirety of Wanda Group's portfolio of sports-related assets.<ref name=Frater/>
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==Operations==
Wanda Group has its headquarters in the Wanda Plaza ({{zh|c=万达广场|links=no}}) in [[Beijing]]'s [[Chaoyang District, Beijing|Chaoyang District]], where it moved in 2009.<ref>"[http://www.wanda-group.com/contact/ Contact]." Wanda Group. Retrieved on January 4, 2015. "Headquarters Address: Tower B, Wanda Plaza, No. 93 Jianguo Road, Chaoyang District, Beijing" - [http://www.wanda.cn/about/contact/ Chinese address]: "北京市朝阳区建国路93号万达广场B座"</ref> In May 2015, Dalian Wanda Group announced that it was in the process of relocating its corporate headquarters to [[Shanghai]], which
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).
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| access-date =January 22, 2017}}</ref>
In July 2017, the Chinese Central Government introduced new measures that bar state-owned banks from providing new loans to private Chinese firms to curb their foreign expansion.<ref name=":0">{{Cite news|url=https://www.wsj.com/articles/chinas-latest-clampdown-on-overseas-investing-has-president-xis-approval-1500802203|title=Xi's Sign-Off Deals Blow to China Inc.'s Global Spending Spree|last1=Wei|first1=Lingling|date=2017-07-23|work=[[The Wall Street Journal]]|access-date=2017-07-28|last2=Deng|first2=Chao|language=en-US|issn=0099-9660}}</ref> According to media reports, the measures were approved directly by [[General Secretary of the Communist Party of China|General Secretary]] [[Xi Jinping]].<ref>{{Cite web|url=https://www.mingtiandi.com/real-estate/outbound-investment/xi-dada-spanks-wang-jianlin-over-wandas-wild-acquisitions-and-wacky-debts/|title=China's Xi Said to Order Crackdown on Wanda {{!}} Mingtiandi|website=www.mingtiandi.com|date=25 July 2017|language=en-US|access-date=2017-07-28}}</ref> Next to Wanda Group, the measures also targeted [[HNA Group|HNA Group Co.]], [[Anbang Insurance Group]] as well as [[Fosun International|Fosun International Ltd.]]<ref name=":0" /> Chairman Wang Jianlin responded by announcing that the company
In October 2018, Dalian Wanda exited the domestic Chinese theme park business by selling off its theme parks and its corresponding management companies to the Chinese property developer [[Sunac]] for 6.3 billion yuan (US$900 million).
In ==Sponsorships==
Since 2011, Dalian Wanda has been the major sponsor of the [[Chinese Super League]] [[Association football|football]] league.<ref>{{cite web|url=http://www.soccerex.com/industry-news/dalian-wanda-to-invest-millions-in-chinese-football |title=Dalian Wanda to invest millions in Chinese football |publisher=Soccerex |access-date=2012-05-22 |url-status=dead |archive-url=https://web.archive.org/web/20140421064338/http://www.soccerex.com/industry-news/dalian-wanda-to-invest-millions-in-chinese-football/ |archive-date=April 21, 2014 }}</ref> 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 [[Chinese Jia-A League|Jia-A League]].<ref name="Shide">{{cite web|last1=van de Ven| first1 =Johan |title= Death of an Institution: The Dalian Shide Story |url= http://wildeastfootball.net/2013/04/death-of-an-institution-the-dalian-shide-story | website= Wild East Football| date =23 April 2013 |access-date=22 November 2014}}</ref>
The "China's Future Football Stars" project
On March 18, 2016, Wanda signed a deal with [[FIFA]] to provide sponsorship at the next four [[FIFA World Cup|World Cup]] competitions, up until 2030. Although it is still unclear as to how much money has changed hands, and also which Wanda Subsidiaries will be appearing. This deal
On December 9, 2016, Wanda signed a deal with [[Atlético Madrid]] to have the new stadium named after the Wanda Group. The new stadium's name is [[Metropolitano Stadium|Wanda Metropolitano]]. At the time of deal, Wanda Group owned 20% of the Spanish football club.
In September 2019, the [[IAAF]] announced in [[Doha]] that the Wanda Group
==See also==
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