Sunac China to acquire hotels and cultural tourism projects from Dalian Wanda Group for US$9.3 billion

To give full scope to their respective business strengths,Wanda Cultural Tourism City Co., Ltd. and Sunac China Holdings Limited, based on friendly consultation, signed on July 10, 2017 an equity transfer agreement regarding 13 Wanda Cultural Tourism City projects including Xishuangbanna Wanda Cultural Tourism City, Nanchang Wanda Cultural Tourism City, Hefei Wanda Cultural Tourism City, …

Top 10 richest people in China, property magnate Wang Jianlin retains his crown

The Hurun Research Institute has released the Hurun Rich List 2016 in association with Forest City. This is the 18th annual ranking of the richest individuals in China. Rupert Hoogewerf, Hurun Report Chairman and Chief Researcher, said, “Despite a 20% drop in the domestic stock markets and a slowdown in the economy, the Forest City …

China’s Dalian Wanda Group announces long-term business partnership with FIBA

FIBA, the International Basketball Federation, and Wanda, through its subsidiary Infront Sports & Media, announced on June 16, 2016 a long-term business partnership. For the period of four FIBA Basketball World Cup cycles up to 2033, Wanda will be FIBA’s worldwide exclusive partner for the sale and marketing of the worldwide sponsorship and licensing rights …