China’s Dalian Wanda Group opens 135th plaza in Guangzhou Nansha
Guangzhou Nansha Wanda Plaza opened to public on December 22, becoming the 135th Wanda Plazas in operations nationwide and Guangzhou’s fifth Wanda Plaza.
The property is located in Nansha District with a gross floor area of 400,000 square meters. It houses a shopping center, a commercial street and residential buildings.
Dalian Wanda Group was founded in 1988 and operates in four key areas: commercial properties, culture & tourism, e-commerce and department stores. In 2014, the company had assets of 534.1 billion yuan and revenues of 242.48 billion yuan. The company now operates 135 Wanda Plazas, 81 hotels (including 68 five-star hotels), 6,600 cinema screens and 99 department stores nationwide. Looking ahead, by 2020, Wanda aims to grow itself into a leading MNC with assets of 1 trillion yuan, annual revenues of 600 billion yuan and net income of 60 billion yuan.