VivaTech takes the stage as the world's leading event for tech and startups
19 Jun 2023 18:33
Dalian Wanda, led by Chinese richest man Wang Jianlin, said that it will continue to invest in film, entertainment and sports. The aim is to make its cultural revenue triple to 150 billion yuan (£17 billion) by 2020.
It is reported that the Beijing-based conglomerate, ranked 385th in the world, has been included in the Fortune Global 500 list posted on Wednesday.
Wanda has recently reported that its first-half revenue increased by 10.6% to 119.9 billion yuan. This was led by 57% growth in its cultural division, according to a report by Reuters.
“For 2015, Wanda reported revenue of 290.16 billion yuan, including 190.45 billion yuan from real estate and 51.3 billion yuan from its culture unit,” the report added.
In recent years, Wanda has been looking to bolster its cultural unit, which has already seen it purchase the Hollywood studio Legendary Entertainment, sports marketing firm Infront Sports & Media AG and the Ironman franchise owner, the World Triathlon Corporation.
Source: Reuters
Proofread by Sean O Diobhilin
Interview with Yiannis Exarchos: to narrate Olympic story in new ways and promote positive values
01 Jul 2024 14:40
Related coverage
Chinese sports consumption to hit US$227.7 bn by 2020
24 Jun 2016
$7m investment for former Chinese e-game player
27 Apr 2016
Wanda-backed Jewel to sponsor ITU World Triathlon Gold Coast
18 Mar 2016
08 Dec 2014
Indoor ski resort to feature in Guangzhou Wanda Mall in 2019
14 Sep 2017
More from Yutang Sports
Interview with Yiannis Exarchos: to narrate Olympic story in new ways and promote positive values
01 Jul 2024
Expert insight | New changes on UEFA EUROs: growing maturity of Hisense and other Chinese brands
22 Jul 2024
Interview with Andreas Zagklis: to keep popularization of basketball with all-round strategy
08 Jul 2024
The United States Tops Skema Publika's First Annual Sport and Soft Power Ranking
27 Mar 2025
SPORTACCORD 2024 INSIGHTS: Paris 2024 here we come!
02 Jul 2024
Yutang Sports
loading...