×
You will be redirected back to your article in seconds

China’s New List of Approved Business Leaders Omits Wanda’s Wang Jianlin

China’s ruling Communist Party has published a list of the country’s top 100 private-sector business leaders, with Dalian Wanda chairman Wang Jianlin’s name notably omitted.

The compilation, which amounts to a semi-official checklist of who is in Beijing’s good graces, was published Thursday. According to the South China Morning Post, the executives are noted for their “great achievements in the development of the private economy” in the 40 years since the country chose to open up economically. They are not ranked by achievement or wealth.

The list includes Jack Ma, chairman of Alibaba; Pony Ma, head of Tencent; and Robin Li, head of Baidu. Their three companies have collectively been nicknamed “BAT” and over the last five years have developed vast tech ecosystems that dominate everyday life in China.

Wang, who until last year was China’s richest businessman, was snubbed. Wanda fan afoul of the government in 2016 with the aggressive overseas expansion program that made it the world’s largest cinema owner and saw the controversial acquisition of Legendary Entertainment. Wanda has been forced to downsize and restructure, selling off many of its theme parks and its movie studio, though it remains as operator.

Also absent from the list are Guo Guangchang, who heads Fosun Group, the conglomerate that owns Jeff Robinov’s Studio 8, and Richard Liu, chairman of home shopping empire JD.com, who has been accused of, but not charged with, rape in the U.S.

Some significant newcomers made the list. They include Lei Jun, the ambitious founder of Xiaomi, a dominant cellphone maker, which sees itself as a budding entertainment player; and Zhang Yiming, the founder of news and video app Bytedance.

More Biz

  • Alan Horn Bill Tanner

    Alan Horn to Keynote Variety Business Managers Elite Breakfast, Bill Tanner to Be Honored

    Bill Tanner will be recognized with Variety’s 2019 Business Managers Elite Award at the annual Business Managers Elite Breakfast presented by City National Bank, which takes place in Beverly Hills on Nov. 13. Co-chairman and chief creative officer of The Walt Disney Studios Alan Horn will be the keynote speaker in conversation with Variety editor-in-chief, [...]

  • Smoke haze covers the Sydney Harbour

    Australia's Seven West to Merge With Affiliate Prime Media

    Australia’s Seven West Media has agreed a deal to acquire regional broadcast group Prime Media. The move is a further step in the consolidation of Australia’s traditional media industry. The two companies announced on Friday that Seven will make the acquisition entirely through the issue of new shares to the owners of Prime. Both companies [...]

  • Ron Meyer

    Ron Meyer Files $10 Million Suit Over Forged Rothko

    NBCUniversal Vice Chairman Ron Meyer has filed a $10 million suit against two art dealers, claiming they sold him a forged Mark Rothko painting in 2001. Meyer accuses Susan Seidel and Jaime Frankfort of duping him into buying the work. According to the suit, he was told that it would be included in an official [...]

  • Former movie producer Harvey Weinstein (L)

    Harvey Weinstein Seeks to Call Expert on 'Recovered' Memories at Rape Trial

    Harvey Weinstein’s attorneys are seeking to call an expert on “recovered memories” at his trial on rape and sexual assault charges. The defense has filed a motion asking to call Deborah Davis, a psychologist and professor at the University of Nevada at Reno. Davis is a frequent defense witness. She co-authored an article in 2006 [...]

  • Tekashi 6ix9ine Docuseries Coming From Showtime

    Tekashi 6ix9ine Docuseries Coming From Showtime and Rolling Stone

    Showtime Documentary Films today announced a new limited docuseries profiling controversial rapper Tekashi 6ix9ine. Titled “SuperVillain” and inspired by the Rolling Stone feature written by Stephen Witt, the three-part series will trace how a New York City deli clerk named Daniel Hernandez became superstar rapper Tekashi 6ix9ine — who racked up 2.6 billion streams and [...]

  • Fader Label Logo

    Fader Label Signs Two New Acts, Boosts Staff

    The Fader Label, home to Clairo, Matt and Kim and others, announced two new signings today along with three new hires on its staff. Charlie Burg and Zachary Knowles have joined the label’s talent roster, while Carson Oberg has come aboard as general manager, Yasmine Panah as project manager and Josh Hymowitz as label coordinator. They [...]

More From Our Brands

Access exclusive content