www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

chinadaily.com.cn
left corner left corner
China Daily Website

Wanda Group ventures onto the global stage

Updated: 2013-01-03 02:02
By Liu Wei ( China Daily)

Tycoon Wang Jianlin is moving fast, both in the United States and Beijing, to build a multifunctional conglomerate featuring film and TV, theater and theme parks, Liu Wei reports.

Eighty billion yuan ($12.8 billion): That's the annual revenue Wang Jianlin, chairman of China's Wanda Group, expects from his cultural business in the near future. On Dec 1, Wang announced the establishment of the Beijing Wanda Culture Industry Group, a branch of Wanda Group. With registered capital of 5 billion yuan and total assets of 31 billion yuan, the company is China's largest cultural enterprise.

Wanda Group ventures onto the global stage

An IMAX cinema that Wanda Group operates in Changsha, Hunan province, is a local attraction. Wanda Cinema Line holds around 15 percent of the market share on the Chinese mainland. [Photo provided to China Daily]

The group has 11 companies, involved in nine fields, including Wanda Cinema Line, AMC Theatres - which it acquired in the US by September - Wanda Film & TV Media Co, Wanda Theme Park Co, Wanda Gallery and Popular Cinema, a film magazine.

"We have set a great goal for this company. In 2020 the revenue will reach 80 billion yuan, ranking within the global top 10 of cultural industry players," said Wang during a speech to the 11th China Entrepreneur Summit on Dec 7.

The ambitious plan might not be just a slogan. Roland Berger Strategy Consultants in Munich released its "Top 50 Global Culture Industry Players Study" in early December, ranking Wanda Group 37th on the list after Walt Disney Co, News Corp and Time Warner, for its cross-sectoral activity by annual revenue.

Wanda's high-profile in the cultural industry has been eye-catching. The conglomerate started as a property company and is now one of the most powerful players in the industry. Commercial property contributed 95.3 billion yuan of its total revenue of 105.1 billion yuan in 2011 and by the end of 2012, Wanda will exceed its target for annual revenue, 116 billion yuan, and will have 35 new Wanda Plazas, featuring shopping malls and cinemas, within two years, according to Wang.

But the Wanda chairman is obviously thinking about more than just land. Since 2005 the company has invested in the culture sector, beginning with the construction of cinemas in its commercial properties as evidenced by Wanda Plazas.

Wanda Group ventures onto the global stage

Wang Jianlin, chairman of Wanda Group. [Photo provided to China Daily]

The first steps into the cultural industry, as Wang Jianlin recalled in an interview with Forbes Magazine earlier this year, were made by force of circumstance. At first, Wanda cooperated with Time Warner to build theaters, but a regulation released in late 2005 restricted foreign ownership of shares in theaters to less than 49 percent for each venture, which led to Time Warner's withdrawal from its theater business on the Chinese mainland. Then Wanda worked with Shanghai Media Group, but subsequent personnel changes at SMG saw that cooperation end. That was when Wanda decided to operate its own theaters and other cultural facilities, such as karaoke and theme parks.

Special Coverage: Chinese Companies' Overseas Footprint

Video: Wang Jianlin: China should exempt all the tax on micro-size enterprises

Previous Page 1 2 3 Next Page

 
8.03K
 
...
主站蜘蛛池模板: 情侣偷偷看的羞羞视频网站 | 国产精品青草久久久久福利99 | 精品国产杨幂在线观看福利 | 特黄特黄黄色大片 | 色视频在线免费 | 国产成人一区二区三区精品久久 | 日韩欧美中文字幕一区二区三区 | 黄色美女网站在线观看 | 日产一区2区三区有限公司 日产一区两区三区 | 美女张开腿黄网站免费国产 | 国产欧美一区二区成人影院 | 免费久久精品 | 国产亚洲精品久久久久久午夜 | 国产中文字幕视频 | 国产高清在线观看视频手机版 | 日本aaaaa级毛片 | 日本www在线播放 | 国产精品99精品久久免费 | 性8sex亚洲区入口 | 三级色网 | 欧美a级毛片免费播敢 | 午夜在线社区视频 | 国产一区二区影视 | 免费国产a国产片高清 | 日本午色www高清视频 | 日韩经典在线观看 | 久久久91精品国产一区二区 | 97在线观看视频免费 | 91精品国产一区二区三区左线 | 91进入蜜桃臀在线播放 | 久久免费精品视频在线观看 | 成年人免费看 | 毛片a级三毛片免费播放 | 久久怡红院亚欧成人影院 | 免费乱码中文字幕网站 | 免费看欧美一级a毛片 | 亚洲精品久久久午夜伊人 | 日鲁夜鲁鲁狠狠综合视频 | 亚洲欧洲国产精品 | 91亚洲精品一区二区在线观看 | 国产成人一区二区三区在线播放 |