You will be redirected back to your article in seconds

Wanda to Invest $16 Billion in Tourism and Mall Projects in Hunan

China’s Dalian Wanda said that it will spend some RMB120 billion in South West China’s Hunan Province, through a combination of tourism, mall and sports investments.

The figures emerged as Wanda chairman Wang Jianlin signed an agreement with the Changsha municipal government.

Its Changsha Wanda City resort, to cost $8.8 billion (RMB60 billion,) will be the second Wanda City to be built in central China following Nanchang Wanda City. Wanda said that it would create a world-class vacation destination and enhance what it called “China’s Entertainment Capital.” A further 15 shopping malls will account for a further $7.35 billion (RMB50 billion) of investment.

Wang has said that the group plans to have 20 “city resorts” across China by 2020 and that these would pose a threat to the traditional theme parks being opened by Disney and Universal. Ithas opened two to date in Hefei and Nanchang.

More Biz

  • Gibson, Iconic Guitar Company, Said to

    Gibson, Iconic Guitar Company, Said to Be Nearing Bankruptcy

    China’s Dalian Wanda said that it will spend some RMB120 billion in South West China’s Hunan Province, through a combination of tourism, mall and sports investments. The figures emerged as Wanda chairman Wang Jianlin signed an agreement with the Changsha municipal government. Its Changsha Wanda City resort, to cost $8.8 billion (RMB60 billion,) will be […]

  • David Glasser Fired by the Weinstein

    Weinstein Co. Board Fires COO David Glasser for Cause

    China’s Dalian Wanda said that it will spend some RMB120 billion in South West China’s Hunan Province, through a combination of tourism, mall and sports investments. The figures emerged as Wanda chairman Wang Jianlin signed an agreement with the Changsha municipal government. Its Changsha Wanda City resort, to cost $8.8 billion (RMB60 billion,) will be […]

  • Rules Don't Apply review

    Warren Beatty Sought Wider 'Rules Don't Apply' Release Despite Grim Test Screenings

    China’s Dalian Wanda said that it will spend some RMB120 billion in South West China’s Hunan Province, through a combination of tourism, mall and sports investments. The figures emerged as Wanda chairman Wang Jianlin signed an agreement with the Changsha municipal government. Its Changsha Wanda City resort, to cost $8.8 billion (RMB60 billion,) will be […]

  • Oh Seok-geun Korean Film Council

    New Leader Promises Reforms at Korean Film Council

    China’s Dalian Wanda said that it will spend some RMB120 billion in South West China’s Hunan Province, through a combination of tourism, mall and sports investments. The figures emerged as Wanda chairman Wang Jianlin signed an agreement with the Changsha municipal government. Its Changsha Wanda City resort, to cost $8.8 billion (RMB60 billion,) will be […]

  • SOUTH KOREA OUTMandatory Credit: Photo by

    Actress Choi Hee-seo Looks Forward to a Promising Career

    China’s Dalian Wanda said that it will spend some RMB120 billion in South West China’s Hunan Province, through a combination of tourism, mall and sports investments. The figures emerged as Wanda chairman Wang Jianlin signed an agreement with the Changsha municipal government. Its Changsha Wanda City resort, to cost $8.8 billion (RMB60 billion,) will be […]

  • The Prison Korean Cinema

    Korea's Box Office Faces a Drop in Admissions as Streaming Services Compete

    China’s Dalian Wanda said that it will spend some RMB120 billion in South West China’s Hunan Province, through a combination of tourism, mall and sports investments. The figures emerged as Wanda chairman Wang Jianlin signed an agreement with the Changsha municipal government. Its Changsha Wanda City resort, to cost $8.8 billion (RMB60 billion,) will be […]

  • Andy Lo Hong Kong Writer Director

    Ambitious Filmmaker Andy Lo Wants Success in Both Hong Kong and China

    China’s Dalian Wanda said that it will spend some RMB120 billion in South West China’s Hunan Province, through a combination of tourism, mall and sports investments. The figures emerged as Wanda chairman Wang Jianlin signed an agreement with the Changsha municipal government. Its Changsha Wanda City resort, to cost $8.8 billion (RMB60 billion,) will be […]

More From Our Brands

Access exclusive content