SPORTACCORD confirms Istanbul as Host City for 2025 Convention
13 Mar 2025 23:29
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
Related coverage
Advantage Sports Union becomes Phoenix Rising shareholder
11 Feb 2018
Suning leads RMB 32m investment in sport data company
03 May 2016
Will Wang Jianlin come back to Chinese soccer league?
09 Jul 2015
Multiple Wanda ice and snow projects sell to Sunac
11 Jul 2017
Guangdong to establish a ¥500bn fitness leisure industry by 2025
09 Jan 2018
More from Yutang Sports
When New tournaments Meets New Tech, the Old Friend of Football Has New Stories
14 Jul 2025
The United States Tops Skema Publika's First Annual Sport and Soft Power Ranking
27 Mar 2025
Hisense Named Official Partner of FIFA Club World Cup 2025
01 Nov 2024
SPORTACCORD confirms Istanbul as Host City for 2025 Convention
13 Mar 2025
Yutang Sports
loading...