Dalian Wanda Group
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Dalian Wanda Group

Dalian Wanda Group
Dalian Wanda Group
The latest news, analysis and opinion on Dalian Wanda Group. In-depth analysis, industry insights and expert opinion.
Chairman / President
Wang Jianlin
CEO / Managing Director
Ding Benxi
CFO / Finance Director
XU Chengning
Industry
Consulting & Business Services
Website
wanda-group.com
Headquarters address
Tower B, No. 93 Jianguo Road, Wanda Plaza, Chaoyang District, Beijing, Beijing, 100022, China
Year founded
1988
Visitors watch a screen showing silicon wafers at a Taiwan Semiconductor Manufacturing Company museum at the Hsinchu Science Park in Hsinchu, Taiwan, on July 5, 2023. Photo: AFP
China stock market

Consumer firms plunge in value as AI, chips ascend: Hurun China 500

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China's economic recovery

The mogul and his firm that endured China’s economic tides – when others didn’t

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Mergers & Acquisitions

Wanda to sell James Bond’s yacht maker Sunseeker to Lionheart

Property financing

Wang Jianlin’s Wanda unit gets a fund injection from PAG-led group

Dalian Wanda Group, the parent of Wanda Commercial and the country’s largest shopping centre operator, has been grappling with a liquidity crisis over the past two years, and has been selling assets to repay debt.

Dalian Wanda Group’s Qingpu shopping mall in Shanghai on Thursday, May 25, 2023. Photo: Bloomberg
Banking & finance

Cash-starved Chinese property group Dalian Wanda sells Shanghai luxury hotel

The cash-strapped Dalian Wanda Group sold its luxury hotel in Shanghai to Indonesian pulp and paper billionaire Sukanto Tanoto, at a reported price of between 1.44 billion and 1.66 billion yuan (US$204 million and US$234 million).

China property

Wang Jianlin cedes control of Hong Kong IPO candidate in US$5.3 billion deal

Changes in control of Zhuhai Wanda, the world’s largest mall operator, came after Wang Jianlin’s Zhuhai Wanda failed to list in Hong Kong by end-2023 as stipulated under a 2021 deal with outside investors.

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Bonds

Wanda unit seeks to delay payment on US$600 million bond due in January

Wanda Properties International is looking to extend the maturity date of a US$600 million bond due in January by almost a year to December 2024, according to a filing with the Hong Kong stock exchange.

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A Dalian Wanda shopping centre in Shanghai. The conglomerate has wrestled with a cash crunch this year as China’s property crisis continues to spiral. Photo: Bloomberg
China property

Sino-Ocean seeks 12-month reprieve to repay US$280 million bond as sales slump

Chinese developer Sino-Ocean has proposed to roll over a bond by 12 months as it struggles with a liquidity squeeze. Bondholders have demanded a full repayment when due on August 2.

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China property

Wanda Group raises funds from stake sale in unit as US$400 million bond matures

Dalian Wanda Group may avert a bond default after reports say that it may use the proceeds from the 49 per cent stake sale in Beijing Wanda Investment to repay a US$400 million note that matured on Sunday.

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Bonds

Wanda commercial management unit’s bond falls to record low after S&P cuts rating

Bonds of Dalian Wanda Commercial Management Group, a unit of China’s biggest commercial property developer, tumbled on Thursday after ratings agency S&P Global downgraded its notes for a second time this week.

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A Dalian Wanda Group mall in Shanghai. Wanda Commercial is 44 per cent owned by the developer. Photo: Bloomberg
Banking & finance

China property bonds suffer sharpest three-day sell-off of the year

China property bonds such as those from state-backed Sino-Ocean Group, Dalian Wanda Group and Shui On Land among those sold in the market as debt concerns continue to plague the sector.

The Dalian Wanda Group Co. Qingpu shopping mall in Shanghai, China. Photo: Bloomberg
TSMC

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13
China property

Developer vows legal battle as China freezes US$270 million in shares

Dalian Wanda Group is ‘confident in defending’ against the freeze but faces liquidity concerns following repeated failures by its unit Zhuhai Wanda Commercial Management Group to get approval for a Hong Kong IPO.

Banking & finance

Wanda bond prices rise after creditors chose not to seek early loan repayments

Dalian Wanda’s dollar bonds jumped to a new high on Monday after it said creditors of loans worth US$1.3 billion had not demanded early repayments following the failed IPO of unit Zhuhai Wanda.

Dalian Wanda’s bonds and stocks have been hit by market jitters about its financial health in recent weeks. Photo: Reuters
IPO

Dalian Wanda unit’s Hong Kong IPO application lapses for the third time

The deadline to list Zhuhai Wanda Commercial Management Group lapsed on Tuesday, the Hong Kong stock exchange said, putting parent Dalian Wanda Commercial’s bonds under further pressure.

Dalian Wanda Group’s woes mount after an affiliate’s IPO deadline lapsed in Hong Kong. Photo: Reuters
Bonds

Wanda Group firm’s bonds slide on loan extension concerns, unit’s IPO deadline

Dalian Wanda Commercial Management’s offshore bonds fell this week as investors are concerned about possible extension to onshore trust loans, while the clock is ticking for its subsidiary to launch its IPO.

Bonds

Dalian Wanda returns to offshore markets with US$300 million bond sale

Dalian Wanda Commercial Management is poised to issue US$300 million of high-yield bonds, its second offering in the offshore debt market this year, according to people familiar with the matter.

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China property

Dalian Wanda unit issues US dollar bond to raise US$400 million

A unit of Chinese conglomerate Dalian Wanda Group has issued an 11 per cent US$400 million bond, reversing market expectations about junk debt following a default crisis among indebted Chinese developers.

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A Wanda Plaza in Beijing. Dalian Wanda Commercial Management is one of the largest commercial property holders in China, which owns and operates hundreds of Wanda Plazas across the country. Photo: Reuters
China property

Chinese conglomerate Dalian Wanda to open renovated Beijing mall in June

Dalian Wanda Group plans to open a new mall in Beijing in June 2023 under its “asset-light” business model, further expanding its shopping-centre empire on the mainland.

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China property

Where are the white knights in China’s US$1.7 trillion property sector?

Anxious to avoid the civil unrest that would almost certainly follow a collapse in the housing market, local authorities are relaxing their stranglehold on the property sector. But will it be enough?

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China property

Wanda forms venture with struggling Red Flag to sell cars in China

Dalian Wanda is expanding its foray into the cars sector with a joint venture that will offer services such as sales and parking. Last month, it formed a partnership with FAW to provide user experiences for owners of the latter’s Red Flag cars.

Hongqi cars at the Shanghai Auto Show in April this year. As part of the deal, Hongqi cars will be sold at all Wanda Plazas across China starting in Beijing on January 8. Photo: AP
Investing

Dalian Wanda’s property management unit files to list in Hong Kong

Zhuhai Wanda Commercial Management’s Hong Kong listing plan came after it had withdrawn a plan to list on the Shanghai bourse despite waiting in line for about five years.

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Cranes operate at residential buildings under construction at Dalian Wanda’s Oriental Movie Metropolis film production hub in Qingdao, China, in April, 2018. Photo: Bloomberg
Meituan

Chinese tycoon’s son opens fire on Meituan for user’s data breach

Wang’s complaint adds pressure to the 3.44 billion yuan fine that the Beijing-based company was slapped with last week for engaging in monopolistic behaviour in the meals delivery business that it dominates.

China property

Sunac’s unit faces cash flow woes as it fails to collect sales proceeds

Sunac’s shares jumped by as much as 20 per cent on the Hong Kong exchange to as much as HK$15.58, their biggest intraday leap ever, reversing two days of declines.

#MeToo

Scion of Dalian Wanda accused of sending abusive texts to online celebrity

A woman posted online a series of abusive text messages from Wang Sicong, the scion of the world’s largest property developer. 

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Wang Sicong (left) is being accused of sending abusive texts to online celebrity Sun Yining (right). Photo: Handout
Wang Jianlin

Thanks to Reddit’s traders, Wanda turns AMC stake into a gain

Chinese conglomerate Dalian Wanda Group has sold almost all of its stake in US cinema chain AMC Entertainment Holdings, the highly indebted company said on Sunday.

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AMC reported a net loss of US$4.6 billion for 2020 on Friday. Photo: AFP
Wang Jianlin

Dalian Wanda’s media flagship runs aground as AMC stake shrinks

Dalian Wanda Group has lost its control in AMC Entertainment Holdings, the largest cinema chain in the US, after AMC’s additional equity sales and bond conversion diluted shareholders’ stake amid the pandemic.

Chinese Super League

Record-breaking Dalian coach Chi Shangbin dies aged 71

Chi Shangbin oversaw back-to-back league titles for Dalian in 1996 and 1997.

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