21 Facts About Wanda Group

Wanda Group, or the Dalian Wanda Group, is a Chinese multinational conglomerate founded in Dalian, Liaoning and headquartered in Beijing.

The Financial Times noted that Dalian Wanda was the "most aggressive" in pursuing this strategy, pointing to its 2012 acquisition of U S cinema chain AMC Theatres and 2013 purchase of British yachtmaker Sunseeker.

Dalian Wanda Group acquired the American cinema operator AMC Theatres in May 2012 for $2.

Ticket sales at AMC nearly doubled in the 18 months following the acquisition, and by the end of 2014 Wanda Group had reaped a reported profit of about US$900 million.

In June 2013, Dalian Wanda Group acquired Sunseeker International, a British luxury yacht manufacturer used in the James Bond movies, for $500 million.

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In January 2015, Dalian Wanda purchased an office building in Sydney, Australia, from Blackstone Group for around $327 million.

Wanda Group is "aggressively expanding overseas to move away from China's property market, which has been hit by a slowing economy".

In June 2015, Wanda Group Cinemas announced that it had acquired Australian cinema chain Hoyts.

In September 2016, Wanda Group announced a major partnership with Sony Pictures Entertainment, in which it will take minority investments in a number of upcoming releases.

Sony stated that Wanda Group planned to "highlight the China element in the films in which it invests".

The deal came in the wake of Wanda Group's failed bid to acquire a stake in Paramount Pictures.

In September 2017, Wanda Group made a foray into the high technology industry when it launched its accelerator project.

In March 2016, FIFA announced that Wanda Group would be a major sponsor for international events until 2030.

In late February 2018, Wanda Group took control of Chinese Super League team Dalian Professional, though the decision was not officially announced.

Wanda Group signed Yannick Carrasco and Nicolas Gaitan from Atletico Madrid right after selling the club's shares.

Wanda Group has its headquarters in the Wanda Plaza in Beijing's Chaoyang District, where it moved in 2009.

In May 2015, Dalian Wanda Group announced that it was in the process of relocating its corporate headquarters to Shanghai, which will become the third Chinese city to host the company's headquarters.

In early 2014, Wanda Group bought the property of One Beverly Hills, and later overcame the exit of its local development partner, as well as bitter objections and lawsuits filed by Israeli-American entrepreneur Beny Alagem, owner of the Beverly Hilton next door.

In October 2018, Dalian Wanda Group exited the domestic Chinese theme park business by selling its parks management companies to Sunac for 6.

Since 2011, Dalian Wanda Group has been the major sponsor of the Chinese Super League football league.

In September 2019, the IAAF announced in Doha that the Wanda Group will become the title partner of the Diamond League for ten years from 2020.