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...
Wanda Media Group
A long-serving army officer, Wang dragged a regional, state-owned property company into the private sector and in 10 years made it China’s leading builder of hotels, malls and cinemas. That confidence and momentum was displayed in the international arena as he bought AMC, Odeon-UCI, Legendary Entertainment and Swiss sports marketer Infront. On his home turf, Wang challenged Disney with a theme-park expansion of his own and the building of mega-studios in Qingdao. In early 2017, the dapper Wang was valued at $30 billion and was often referred to as China’s richest man. And yet he has largely disappeared from public view as hefty borrowings have forced Wanda into painful retreat here and abroad, but chastening notwithstanding, he’s still the world’s largest cinema operator.