Hisense Named Official Partner of FIFA Club World Cup 2025
01 Nov 2024 16:40
China's richest man, Wang Jianlin, has signed an agreement to invest RMB 63 billion (US$9.45 billion) to build a tourism and sports complex in Jinan, Shandong Province, according to an official statement posted last Friday.
The project will consist of malls, sports facilities, hotels and a theme park. It aims to rival Walt Disney Co, which opened a US$5.5 billion resort in Shanghai in June. The project is scheduled to start in 2017 and open in 2021, as revealed by the company.
It is understood that the complex will include a 10,000-seat stadium for hockey and basketball. It is the first time for Wang’s Dalian Wanda to launch a project that focuses on sports. Industry insiders believe that this will become an integration of sports and entertainment.
Earlier, Wanda broke ground on a $2.44 billion tourist "city" in Southwest China and opened another park in Southeastern Nanchang in May.
Source: China Daily
Proofread by Sean O Diobhilin
The United States Tops Skema Publika's First Annual Sport and Soft Power Ranking
27 Mar 2025 14:05
Related coverage
Alisports: in the fast lane to bid for great development in Chinese sports
11 Apr 2016
Yutang Sports become official media partner of 2016 SportAccord Convention
21 Mar 2016
Lanqiuke secures ¥3M in Angel series financing round
08 May 2017
Shanghai to set up a marathon-based sports town
15 Aug 2017
Parent company of Kappa invests 20m Yuan in Huayi Sports
26 Apr 2017
More from Yutang Sports
Yutang Sports
loading...