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Wanda Group Acquires Controlling Stake in 99BillDec
Wanda Group signed a strategic cooperation investment agreement to acquire a controlling stake of online payment platform 99Bill in Beijing on December 26. It is Wanda's first merger in the Internet finance arena and gives the company control of an important payment platform to advance its e-commerce and finance related businesses.
Wanda Commercial Properties completes Hong Kong IPODecDalian Wanda Commercial Properties Co. Ltd. completed a successful listing on the main board of the Hong Kong Stock Exchange. Wanda Commercial Properties became the final and largest IPO of the year.
Han Show & Wanda Movie Park Unveiled to the WorldDecAfter 5 years in the making, Wanda Group launched its 2 most groundbreaking cultural projects to date, the Han Show Theatre and Wanda Movie Park in Wuhan on December 20.Distinguished guests including personalities from the world of entertainment, ambassadors to numerous countries, renowned business leaders and over 300 domestic and foreign media attended the opening ceremony. Wanda Group Chairman Wang Jianlin commented, "The Han Show and Wanda Movie Park are first of a kind, unique projects which will undoubtedly become new symbols of Chinese culture as well as leading new global entertainment brands.
Wanda to invest 1 billion yuan in Guizhou poverty alleviation schemeDec'Invest 1 billion RMB to develop key industries and help the poor, and in five years per capita income can be doubled.' On Dec 2, Wanda signed a contract to help eliminate poverty with the LGOP (Leading Group Office on Poverty Alleviation and Development) China, LGOP Guizhou and Danzhai County.
100th Wanda Plaza opens in Kunming, close to a million jobs createdOctWanda Group celebrated the opening of its 100th Wanda Plaza, in Xishan, Kunming, on October 31. Built to international standards, the fountain will add a dash of magnificence to Kunming's cityscape.
Wanda and Ping An reach strategic cooperation dealOctWanda Group Chairman Wang Jianlin visited Ping An Insurance (Group) Company of China Ltd and met with Ping An Chairman Ma Mingzhe on October 24.
Wanda launches 2015 Plan to Support College Student EntrepreneurshipOctWanda Group officially launched its Plan to Support College Student Entrepreneurship for the year of 2015 in Peking University on October 16. In 2015 Wanda will invest 50 million yuan and supply 50 Wanda mall outlets to support 100 college graduates' businesses.
Wanda to build 50 billion yuan cultural tourism city in GuangzhouOctWanda Group announced it would invest 50 billion yuan to build a Wanda Cultural Tourism City in Guangzhou, Guangdong province on October 23. Guangzhou Wanda Cultural Tourism City will have the capacity to accommodate 55,000 tourists simultaneously and is estimated to receive 20 million tourists annually.
First Wanda Mall breaks ground in NanningAugNanning Wanda Mall broke ground in Nanning, Guangxi Zhuang Autonomous Region on August 22. As an updated version of Wanda Plaza, which focuses on commerce, a Wanda Mall is a large indoor complex that combines entertainment, tourism and commerce under one roof.
Wanda Group joins forces with Baidu and Tencent to establish world's biggest O2O e-commerce companyAugWanda Group, Baidu and Tencent announced today at a signing ceremony held in Shenzhen, that they will establish the "Wanda E-commerce Company", a Hong Kong registered joint venture. The JV will invest initial capital of RMB 5 billion (US$814 million), with Wanda Group holding 70% equity, while Baidu and Tencent each own a 15% stake respectively.
Wanda announces entry into children’s entertainment industryAugWanda Kidsland Co., Ltd. held a press conference for the launch of its new brand, Wanda Kids Place, at the Sofitel Wanda Beijing Hotel on August 12.The company announced it plans to become China’s largest children’s entertainment park operator by opening 200 Wanda Kids Place parks by 2020.
Wanda acquires 'Jewel' project in Australia's Gold CoastAugWanda Group hereby announces it has purchased the famous Jewel project in Australia's Gold Coast. As Jewel's absolute controlling shareholder, Wanda will jointly develop the project with its original owners. The company plans to invest USD900 million to build a luxury five-star Wanda Vista hotel and serviced apartments. The Jewel is Wanda's fifth overseas hotel project announcement.
Wanda announces $900 million investment in Chicago hotel projecJulThe Wanda Group announced on June 8 that it would invest US$900 million in the United States' second largest city Chicago, to build the city's third tallest building. Wanda Group will build a 350-meter high, 89-floor skyscraper, which will have a gross floor area of 131,400 square meters.
Guangzhou Zengcheng Wanda Plaza opens in styleMayA large crowd of people gathered to celebrate the opening of the Wanda Group's latest large-scale mixed-use development project, the Zengcheng Wanda Plaza in Guangzhou on May 16. The Zengcheng Wanda Plaza is the company's second large-scale mixed-use development project in Guangzhou.
Wanda unveils 1st Wanda Reign luxury hotel in WuhanMarWanda Hotels & Resorts proudly announced the grand opening of the Wanda Reign Wuhan on 29 March 2014. As Wanda Hotels & Resorts' premier luxury hotel brand, the Wanda Reign Wuhan is the first Wanda Reign hotel ever to open, which marks the successful launch of all 3 of Wanda Hotels & Resorts' luxury hotel brands.
Wanda publishes textbooks on commercial real estateMarWanda Group Commercial Real Estate Series - was officially launched at the Beijing Wangfujing Bookstore on March 23. The books are expected to improve the professional level of China's commercial real estate industry as well as contribute to the healthy development of the industry.
Wuxi Wanda Cultural Tourism City breaks ground, to rival DisneylandFebThe Wuxi Wanda Cultural Tourism City, funded by a total investment of more than 40 billion yuan form the Wanda Group, broke ground in Wuxi on February 28. It is Wanda's fifth large-scale cultural tourism project to begin construction. "Wanda is confident that the Wuxi Wanda City will become a world-class Chinese cultural brand and compete closely with Shanghai Disneylnd on a number of levels such as number of visitors and revenue scale,"said Wanda Group Chairman Wang Jianlin.
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AMC completes successful IPODec
Wanda Group's wholly owned American subsidiary company AMC Entertainment Holdings Inc. commenced an initial public offering, selling 18,421,053 class A ordinary shares at $18 per share, coupled with an over-allotment raised up to $400 million in funds to officially become a publicly traded company on the New York Stock Exchange on December 18, 2013.
Wanda launch O2O siteDecWanda E-commerce launched its official O2O website and mobile application www.wanhui.cn. Unlike other B2C e-commerce sites such as Taobao and JD, Wanhui adopts an O2O (Online to Offline) model that allows customers to buy goods directly from Wanda Plaza's online.
Wanda signs huge project in GuilinDecWanda signs huge project in Guilin The Wanda Group signed an agreement on December 15 with the municipal government of Guilin to build a mega cultural tourism project in this South China tourist city.
Construction begins on Hefei Wanda Cultural Tourism CityOctHefei City in East China's Anhui Province celebrated the groundbreaking of the Wanda Cultural Tourism City on October 27. The project is the largest cultural tourism investment in eastern China. Out of the 35 billion yuan ($5.75 billion) investment from Wanda Group, 19 billion yuan will be allocated towards cultural tourism space.
Construction begins on Hefei Wanda Cultural Tourism CityOctHefei City in East China's Anhui Province celebrated the groundbreaking of the Wanda Cultural Tourism City on October 27. The project is the largest cultural tourism investment in eastern China. Out of the 35 billion yuan ($5.75 billion) investment from Wanda Group, 19 billion yuan will be allocated towards cultural tourism space.
Wanda establishes Wanda One (UK) LimitedOctWanda announced the establishment of its British based property development company Wanda One (UK ) Limited (“Wanda One”). Wanda One will oversee the One Nine Elms luxury hotel development project in London. Wanda Group announced construction of a five-star luxury hotel project on June 2013.
Qingdao Oriental Movie Metropolis launch ceremonySepWanda Group officially launched the Qingdao Oriental Movie Metropolis project in Qingdao on September 22. The project is the largest investment of its kind in the film industry and expects to transform the film industry in Asia.
Wanda announces Cultural Tourism City project in WuxiSepThe Wuxi Municipal Government and the Wanda Group signed an agreement to launch a mega cultural tourism project in Wuxi, East China's Jiangsu Province on September 24, 2013.
Major UK investment programJunWanda announced the acquisition of a majority stake in UK luxury yacht manufacturer Sunseeker for £ 320 million as well as plans to develop a real estate project in Central London, which will include a five-star luxury hotel, with a total investment value of £ 700 million.
First Wanda Cultural Tourism CityAprWanda Group breaks ground on its first Culture Tourism City in Harbin in April. The 20 billion yuan project is Wanda’s first Cultural Tourism City to begin construction.
Nanchang Wanda Cultural Tourism City breaks groundJanWanda Group’s Nanchang Wanda Cultural Tourism City project broke ground on June 18.
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Wanda establishes Culture GroupDec
Wanda Culture Industry Group is China’s largest with registered capital totaling 5 billion yuan ($800 million), 44 billion yuan ($7 billion) in total assets and annual revenue of 25.5 billion yuan ($4 billion) for 2013. The group operates in 10 arenas, including cinemas, film production, film industry parks, performing arts, film technology entertainment, theme parks, entertainment franchises, print media, art investment and travel.
Wanda acquired AMC EntertainmentSepWanda Group acquired AMC Entertainment, the world’s second largest theater operator, for $ 2.6 billion. The exchange was the largest US acquisition by a Chinese private company and the biggest overseas M&A in China’s culture industry.
Xishuangbanna International Resort begins constructionJulConstruction was launched on the 15 billion yuan Xishuangbanna International Resort project.
Changbaishan International Resort OpensJulWanda’s largest resort project, the Changbaishan International Resort officially opens.
China’s first luxury hotel management companyFebWanda become first Chinese company to form a luxury hotel management company.
Setting 10-year targetsJanThe Wanda Group set goals for the next 10 years, which includes becoming a world-class international company by expanding its overseas business.
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Joint venture formed with Franco DragoneNov
Wanda Group invests 10 billion yuan to establish a performing arts joint venture company with the Franco Dragone Entertainment Group, with the aim of creating 5 world leading theatrical shows and in turn developing the company into a global force in the world of performing arts.
Wanda Group officially establish Wanda MediaJunWanda Group invests 500 million yuan to establish Wanda Media, thereby forming an end-to-end industry chain.
Massive project unveiled in WuhanJanPhase I of the Wuhan Central Cultural District, a 50 billion yuan investment project by Wanda Group, opens alongside the Chu River & Han Street in Wuhan. Situated in central Wuhan, the project combines tourism, business, commerce and residential functions into one urban complex. Covering 18 square kilometers and a Gross Floor Area of 3.4 million square meters, it is a world-class cultural tourism project.
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Wanda Plaza opens in GuangzhouJan
The Baiyun Wanda Plaza becomes Wanda’s first project in Guangzhou, China’s third largest city as well as its first project in Guangzhou, one of China’s most developed provinces.
Major company-wide restructuringJanThe Wanda Group underwent its largest ever restructuring. Firstly, Group headquarters and Commercial real estate headquarters were divided into two separate locations. Secondly, Business Management and Cinema businesses were restructured into headquarters, regional divisions and single locations, adapting into a more suitable franchise operating model. Thirdly, project management was split by North and South regions. This restructuring enabled Wanda to lay a solid foundation for stable long-term growth.
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New shift in business focusJan
Wanda shifts its new business focus towards the cultural tourism industry, expecting it to be Wanda’s primary growth engine for the future. Wanda invested 20 billion yuan to construct the Changbaishan International Resort, the world’s largest ski resort project.
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Headquarters moves to BeijingJan
The Wanda Group headquarters was moved from Dalian to Beijing CBD Wanda Plaza, a milestone event in the company’s history.
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Wanda launches department store chainJan
Wanda Group entered the department store arena by establishing the Wanda Department Store brand.
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Major breakthroughJan
Wanda Group became China’s leading commercial property developer after opening 3 major Wanda Plaza projects in Shanghai Wujiaochang, Ningbo Yinzhou and Beijing CBD.
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Third-generation Wanda PlazaAug
Wanda developed its first third-generation Wanda Plaza, the Ningbo Zhengzhou Wanda Plaza, which is Wanda's first HOPSCA project. HOPSCA is in integrated urban complex, which is often referred to as a "city within a city".
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1st-generation Wanda PlazaJul
Wanda started building Changchun Chongqing Road Wanda Plaza, its first commercial property project. The plaza also formed a strategic partnership with the Wal-Mart.
A decisive meeting in Wanda’s historyJanFollowing a 3-day meeting, Wanda set down its future strategy, which was to diversify operations to include both commercial and residential property development. The company decided to merge all its businesses into one residential company and one commercial company.
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Expanding footprints in ChinaMar
Wanda developed project in several Chinese cities such as Chengdu and Changchun, striving to expand its footprint in the country.