Wanda expanding tourism empire with US$30bn investment

Wanda has announced two US$15bn (€14.2bn, £12bn) development projects in China, signalling chair Wang Jianlin’s continued efforts to make Wanda the world’s largest tourism entity by 2020.

The two major projects were both announced in the space of a week, with agreements signed between both China’s Shaanxi provincial government and Changsha municipal government to build theme parks, commercial centres and sports developments in Xi’an and Hunan Province.

In Hunan, a US$8.8bn (€8.3bn, £7bn) Wanda City will become the second in central China following Nanchang Wanda City. In addition to becoming a world-class tourism destination, Wanda will spend a further US$7.35bn (€6.95bn, £5.9bn) building 15 shopping malls in the region.

In Xi’an – the former Chinese capital home of China’s famous Terracotta Warriors – US$7.3bn (€6.9bn, £5.85bn) will be pumped into the development of a Wanda City, while a further US$7.7bn (€7.3bn, £6.2bn) will be invested across the province to develop commercial properties, and enhance culture, internet technology and finance. The investment will also include 19 shopping malls built across 10 cities.

With his Wanda City plan, Wang Jianlin is attempting to topple Disney as the world’s largest tourism enterprise by 2020. By that time, Wang wants his parks to have welcomed more than 200 million people and be earning annual tourism income in excess of US$14.9bn (€13.4bn, £11.4bn).

Wang sparked a public feud with Disney in May, telling the company that “one tiger is no match for a pack of wolves” ahead of the launch of Disneyland Shanghai in June.

Wang opened two Wanda Cities in Hefei and Nanchang this year, with plans to have 15 such projects across China by 2020. Wanda is also plans to open a further five complexes overseas.

Wanda  tourism  theme park  Wanda City  Wang Jianlin  China  visitor attraction 
Related stories

Wanda hires former Hong Kong Disneyland head to run theme park division

Crowdfunding launched to build international cricket stadium in Rwanda

Wanda 'wolf pack' grows as operator launches latest multi-billion dollar Wanda City development

Wanda inks deal for US$9bn 'super sport-themed tourism complex' as Disney rivalry heats up

Disney bites back after IPs are spotted at newest Wanda City

‘One tiger no match for a pack of wolves’ says Wanda chair warning Disney off China

Wanda Group to make multi-billion investment in Europa City

Wanda’s acquisition of Legendary Entertainment paves way for Jurassic World theme park

Wanda has announced two US$15bn (€14.2bn, £12bn) development projects in China, signalling chair Wang Jianlin’s continued efforts to make Wanda the world’s largest tourism entity by 2020. The two major projects were both announced in the space of a week, with agreements signed between both China’s Shaanxi provincial government and Changsha municipal government to build theme parks, commercial centres and sports developments in Xi’an and Hunan Province. In Hunan, a
CLD,TAW,VAT,PRO
Wanda has several multi-billion dollar investments in the pipeline, such as Europa City in France
More news
News stories: 1 - 30 of 7535     
 
 
 
News stories: 1 - 30 of 7535     
 
 
 
featured supplier
Featured Supplier: Ritz Carlton co-founder joins Frontline Summit 2020 as keynote speaker
Frontline work has never been more important and frontline workers are the largest class of workers on the planet, as well as the most impactful group on the experience customers get.
company profile
Company profile: Starpool
Starpool is recognised as a leading company in spa design. Along with its business model based on careful planning, excellent products and outstanding services, Starpool is introducing its idea of wellbeing to the world.
Try cladmag for free!
Sign up with CLAD to receive our regular ezine, instant news alerts, free digital subscriptions to CLADweek, CLADmag and CLADbook and to request a free sample of the next issue of CLADmag.
sign up
features
Renewable energy sources include a biomass furnace and co-generation plant
"Wellness embraces the entire holiday experience"

The design of the newly-opened Lefay Resort and Spa Dolomitti in Italy aims to celebrate and protect its spectacular surroundings

Catalogue Gallery
Click on a catalogue to view it online
To advertise in our catalogue gallery: call +44(0)1462 431385
features
Marianne Shillingford
"The technology involved in paint is extraordinary"

Used cleverly, colour has the power to influence how people use the spaces they inhabit, says the creative director of Dulux

Manuelle Gautrand
"The cities where you have good cultural buildings and facilities – it’s a way for people to mix, to share the city in a much deeper way"

The French architect and winner of the 2017 European Prize for Architecture tells us why she is determined to surprise

Extreme Climates: Into the wild
"Funding woes and murky timelines are common problems. It can be easier to make a difference one small project at a time"

From parks designed to mitigate the effects of flooding to warming huts for one of the world’s coldest cities, these projects have been designed for increasingly extreme climates

SHL are revitalising Boston’s World Trade Center hotel and conference facility
"Most clients are very focused on how buildings are used and experienced as the primary design driver"

The MD of Schmidt Hammer Lassen and the CEO of PerkinsWill tell us why their merger will help create smarter buildings driven by human behaviour

cladkit product news
Painting with Light pushes boundaries to create unforgettable visual concepts
The team combines lighting, video, sound and special effects, with scenic and architectural elements, to create unforgettable visual experiences
Megan Whitby
Belgium-based light and video design studio, Painting with Light, will translate the story of your location into a visual experience, ...
1885 Lounge at St Mary's Stadium celebrates Southampton FC's history
Rainbow Design worked closely with KSS Architects to ensure the furniture matched the design vision
Lauren Heath-Jones
KSS Architects has partnered with Rainbow Design, a London-based furniture supplier, to create the 1885 Lounge at St Mary's Stadium, ...
XTU concept imagines life in the clouds
XTU's X Cloud concept is part of the Future and the Arts: AI, Robotic, Cities, Life - How Humanity Will Live Tomorrow exhibition at the Mori Art Museum in Tokyo
Lauren Heath-Jones
XTU Architects, a Paris-based architecture firm, has released images and renderings of X Cloud, a new concept that showcase a ...
cladkit product news
Barr + Wray to launch space saving hammam concept
Light shines through a striking central chandelier to create a feeling of movement
Katie Barnes
Smaller footprint. Maximum theatre. Those are the two main features of a new hammam concept being developed by wet spa ...
Matteo Thun grows Allaperto collection with new suspended outdoor armchair
Megan Whitby
Allaperto, the lounge collection spawned by the partnership between design studios, Matteo Thun, Ethimo and Antonio Rodriguez, has been expanded ...
Daniel Svahn creates furniture collection using repurposed table tops
The Goodies But Oldies collection features three pieces made from repurposed MDF table tops
Lauren Heath-Jones
Daniel Svahn, a Stockholm-based furniture designer, has created a new range of sustainable furnishings, made from recycled MDF tabletops. Svahn, ...
cladkit product news
BIG partners with Louis Poulsen for new lighting collection
The Keglen collection is made up of four different pendants
Lauren Heath-Jones
BIG Ideas, the technology arm of renowned architecture firm Bjarke Ingles Group (BIG), has partnered with Danish lighting manufacturer Louis ...
Metalline transforms London hotel with bespoke aluminium fins
The aluminium fins will form the façade of the upcoming Minories Hotel in Aldgate, London
Lauren Heath-Jones
Metalline, an architectural metalwork specialist based in the UK, has created a range of bespoke 3D twisted metal fins for ...
Tom Dixon collaborates with Prolicht to launch CODE lighting range
The product has three LED light sources: Dot, Dash and Grid
Megan Whitby
British designer, Tom Dixon, and Austrian architectural lighting specialists, Prolicht, have collaborated to unveil a new lighting range. Called CODE, ...
x
Sign up with CLAD for regular news updates