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Wanda Group

"Dalian Wanda" redirects here. For the football club, see Dalian Wanda F.C.
Wanda Group
Native name
万达集团 / 大连万达
Wàndá Jítuán / Dàlián Wàndá
Company typePrivate
IndustryConglomerate[1]
Founded1988 (1988), in Dalian, Liaoning, China
HeadquartersBeijing, China
Area served
Worldwide
Key people
Wang Jianlin (chairman)[2]
Ding Benxi (丁本锡) (president)
ServicesConstruction
Diversified investments
Entertainment & Media
Financial services
Health care
High technology
Hospitality
Industrial manufacturing
Real estate development
Retail
Sports
RevenueIncrease CN¥257.371 billion (US$31.7 billion) (2018)[3]
Increase CN¥13.450 billion (US$2.06 billion) (2013)[3]
Total assetsIncrease CN¥564.250 billion (US$86.15 billion) (2014)[3]
OwnerDalian Hexing Investment Co. (owned by Wang family)[2]
Number of employees
130,000[4]
DivisionsWanda Cinemas
Wanda Media
SubsidiariesSunseeker International
Infront Sports & Media
Wuzhou Film Distribution
Competitor Group
Websitewanda-group.com
Wanda Group
Simplified Chinese万达集团
Traditional Chinese萬達集團
Transcriptions
Standard Mandarin
Hanyu PinyinWàndá Jítuán
Alternative Chinese name
Simplified Chinese大连万达
Traditional Chinese大連萬達
Transcriptions
Standard Mandarin
Hanyu PinyinDàlián Wàndá

Wanda Group (Chinese: 万达集团; pinyin: Wàndá Jítuán), or the Dalian Wanda Group (大连万达), is a Chinese multinational conglomerate founded in Dalian, Liaoning and headquartered in Beijing. The conglomerate's core businesses are a private property developer and an entertainment company, effectively acting as the owner of Wanda Cinemas and the Hoyts Group line of cinema chains.[5][6][7]

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.[8] 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.[9] Wanda Group ranks 28th on the 2020 China Top 500 Private Enterprises List.[10]

  1. ^ Spender, Tom. "Interview with Dalian Wanda's Wang Jianlin". Tomspender.com. Archived from the original on January 1, 2015. Retrieved 29 December 2014.
  2. ^ a b Wei, Michael (19 August 2013). "Property Mogul Emerges as China's Richest Person". Bloomberg News. Archived from the original on August 19, 2013. Retrieved 19 August 2013.
  3. ^ a b c "Corporate Profile". Official website of Wanda Group. Retrieved 1 January 2015.
  4. ^ "Employee Benefits - Wanda Group". www.wanda-group.com.
  5. ^ "It's a Wanda-ful life". The Economist. February 14, 2015.
  6. ^ "Industry Partners: Dalian Wanda Group". World Economic Forum. Archived from the original on February 4, 2015. Retrieved 15 February 2015.
  7. ^ Matthew Miller (2 June 2015). "China's Dalian Wanda buys Australian cinema chain Hoyts". Reuters. Retrieved 3 June 2015.
  8. ^ "Dalian Wanda Group". Fortune. Retrieved 4 August 2017.
  9. ^ Fong, Dominique; Ma, Wayne (2018-01-21). "China's Wanda Gets Back to Basics as Revenue Slides". The Wall Street Journal. ISSN 0099-9660. Retrieved 2018-01-26.
  10. ^ "2020中国民营企业500强榜单". www.acfic.org.cn. Retrieved 2021-11-01.

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