Dalian Wanda Group was founded in 1988 and operates in four key areas: commercial properties, culture & tourism, e-commerce and department stores. In 2014, the company had assets of 534.1 billion yuan and revenues of 242.48 billion yuan. The company now operates 123 Wanda Plazas, 78 hotels (including 68 five-star hotels), 6,600 cinema screens and 99 department stores nationwide. Looking ahead, by 2020, Wanda aims to grow itself into a leading MNC with assets of 1 trillion yuan, annual revenues of 600 billion yuan and net income of 60 billion yuan.
Wanda Commercial Properties is the world’s largest commercial real estate company. Its nationwide portfolio includes 123 Wanda Plazas and 78 hotels with a total gross floor area of 21.57 million square meters. Properties under construction include 70 Wanda Plazas and 69 hotels, with a combined gross floor area of 17.47 million square meters. In January 2015, WCM listed on the Hong Kong Stock Exchange (3699.HK) with a total market value exceeding HKD 22 billion. WCM is the only company in China to possess its own comprehensive commercial real estate value chain spanning commercial planning, hotel design & research, cultural tourism planning, commercial property construction and commercial management.
Culture & Tourism
Wanda Cultural Industry Group is China’s largest cultural enterprise, with registered capital of 5 billion yuan, assets of 49 billion yuan and annual revenue of 34.1 billion yuan in 2014. Its operations span film production, cinemas, distribution, movie parks, performing arts, theme parks, children’s entertainment and travel. This sector is gradually emerging as one of Wanda’s core businesses.
E-commerce is a rapidly growing and emerging sector for Wanda Group and includes two businesses: Wanda E-commerce and 99bill
Wanda now operates 99 department stores in major cities such as Beijing, Shanghai, Chengdu and Wuhan with a combined retail floor area of 2.6 million square meters, making it China’s largest department store chain.