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Wang Jianlin

The latest news on Wang Jianlini, Chinese business magnate, investor, philanthropist and chairperson of the Wanda Group, including business news and updates.

Born

24 Oct 1954

Industry

Business

Job Title

Founder of Dalian Wanda Group

last updated:

4 December, 2024

China's economic recovery

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

Wanda Group founder Wang Jianlin turned to a ‘light-asset’ model in 2017, helping him avoid the same fate as Hui Ka Yan, the embattled founder of indebted real estate developer Evergrande Group.

31 May 2024 - 2:09PMvideocam

Dalian Wanda Group

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

2 Apr 2024 - 7:20PM

Banking & finance

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

3 Jan 2024 - 7:20PM

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.

29 May 2023 - 8:30PM

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.

25 Apr 2023 - 6:21PM

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.

19 Apr 2023 - 6:29PM

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.

6 Feb 2023 - 9:30PMvideocam

Dalian Wanda Commercial Management’s moves in the offshore market come as Beijing tries to shore up its housing market, a key pillar of China’s economic growth. 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.

26 Dec 2022 - 7:00PMvideocam

Dalian Wanda Group

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.

25 May 2021 - 11:57AMvideocam

Dalian Wanda Group

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.

18 Mar 2021 - 1:17AM

View of the AMC Empire 25 theatre on 42nd Street in the Manhattan borough of New York in January 2017. Photo: Shutterstock

Dalian Wanda Group

Dalian Wanda signs ambitious China tourism plan in bet on Greater Bay Area

Dalian Wanda, controlled by Chinese billionaire Wang Jianlin, is embarking on an ambitious plan to develop the tourism potentials of Zhaoqing city in Greater Bay Area.

30 Sep 2020 - 9:30AMvideocam

An aerial view of Zhaoqing city in Guangdong province. Photo: Shutterstock Images

Dalian Wanda Group

Tycoon Wang Jianlin’s Wanda Group sells Chicago tower for US$270 million

Hong Kong-listed Wanda Hotel Development is selling the under-construction Vista Tower to Chicago-based Magellan Parcel for a net gain of US$12.1 million.

30 Jul 2020 - 4:02PM

China economy

China’s top cinema operator expects first-half loss of up to US$228 million

Over 600 theatres of China’s biggest cinema chain operator in the mainland have been shut since January.

14 Jul 2020 - 9:25PMvideocam

Coronavirus China

Wanda Film shrugs off pandemic impact with plan to add 70 new cinemas

Wanda Film, controlled by Chinese billionaire Wang Jianlin, is pushing ahead with an expansion plan to grab market share, as the industry looks forward to reopening its doors to film-goers soon.

11 May 2020 - 10:36PMvideocam

The Grand Theatre at Dalian Wanda Group’s Oriental Movie Metropolis film production hub in Qingdao, China. Wanda is pushing ahead with an expansion plan as the coronavirus comes under control. Photo: Bloomberg

Coronavirus pandemic

Chinese tycoon’s cinema empire feels the pain as theatres remain closed

The industry faces an uncertain future as theatres are ill-suited to the social-distancing requirements that are likely to remain in place for months even after the crisis ends

17 Apr 2020 - 9:25AM

Cinemas across China still remain closed as the government seeks to strike a balance between rebooting the economy and preventing a second wave of Covid-19 cases. Photo: Weibo

Dalian Wanda Group

Dalian Wanda says reports of AMC’s imminent bankruptcy are ‘pure rumours’

Dalian Wanda Group has described reports about the imminent collapse of its AMC Entertainment unit as ‘pure rumours’ after the company’s stock plunged and bonds fell to distressed levels.

15 Apr 2020 - 9:48PM

Dalian Wanda Group

Wanda Sports considering US$1 billion sale of Ironman Triathlon business

Wanda Sports Group, the sports marketing and event promoter owned by billionaire Wang Jianlin, is considering selling the Ironman triathlon business it bought in 2015.

17 Feb 2020 - 7:12PM

China society

Son of Chinese property billionaire reaches deal with creditors

One of China’s leading investors in online entertainment, Wang Sicong settles after online media company went bankrupt in March.

26 Dec 2019 - 10:35PM

Wang Sicong and his Prometheus Capital investment company are settling with a group of Shanghai Panda Entertainment creditors. Photo: Handout

China society

Chinese court seizes assets of billionaire’s son over debts

Wang Sicong could be put on a public list of ‘discredited individuals’ if he does not comply with an order to pay more than US$21 million to creditors.

22 Nov 2019 - 10:02PM

China society

Court tells US$21 million debtor Wang to stick to the bare necessities

No more first-class travel, holidays or buying property for son of Dalian Wanda Group chairman after ruling by Shanghai court.

9 Nov 2019 - 11:21PM

China society

The son of China’s former richest man lands on list of debtors

Founder of PandaTV, told to pay back US$21.6 million to unnamed creditors.

8 Nov 2019 - 11:59PM

Wang Sicong has been named as an “enforced person” in a multmillion-dollar court case in China. Photo: Baidu

Dalian Wanda Group

Wanda continues shift from property, signs US$870 million hospital deal

Chinese conglomerate Dalian Wanda Group said on Wednesday it had formally signed an operational agreement to develop a high-end hospital in partnership with the University of Pittsburgh Medical Centre in Chengdu.

27 Jun 2019 - 11:33AM

Wanda has said the partnership with UPMC was deeper than merely consulting services, the mainstay of agreements Chinese firms have signed with foreign hospitals in the past. Photo: Reuters

China economy

As tycoons retire, hard-charging scions hold keys to China’s future

Succession might seem like a no-brainer for Chinese family empires. But many adult children – wanting to prove themselves in their own ventures – are reluctant to take over.

11 Jan 2019 - 11:06AM

Ultra Luxury

5 China and Hong Kong scions who are stand-outs in the world of business

Jonathan Zeman, Brandon Chau, Wang Sicong, Adam Kwok and Eric Fok, who were born into wealthy families, have all made a success of themselves

24 Dec 2018 - 11:30AM

China property

As home sales slump, Chinese developers look to insurance services

Hong Kong-listed developer Greentown China Holdings announced on Monday that it will spend 2.72 billion yuan (US$390 million) to acquire an 11.55 per cent stake in Aeon Life Insurance.

19 Dec 2018 - 1:13AM

Dalian Wanda Group

One of China’s richest men to build US$1.74 billion paean to communism

The investment is the second major push by Wang Jianlin’s company to hew to the government’s preferred agenda

14 Dec 2018 - 11:01PM

Dalian Wanda Group

Will Hollywood come knocking on Wang Jianlin’s movie metropolis?

29 Apr 2018 - 11:09PM

Dalian Wanda Group

Wanda opens world’s biggest movie studio in China

28 Apr 2018 - 3:08PM

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