wanda sports group subsidiaries

On September 30, Wanda Group and Badminton World Federation (BWF) jointly announced in Beijing that Wanda Group’s subsidiary Infront Sports & Media has become the exclusive commercial partner of BWF with the commercial development rights for all BWF games from 2017 to 2025. According to the agreement, Wanda Group will invest RMB 120 billion to develop more than 16 Wanda Plaza and cultural tourism projects in Henan province in the coming five years. Following a 3-day meeting, Wanda set down its future strategy, which was to diversify operations to include both commercial and residential property development. At the event, Wanda Group together with 100 social owned media announced the establishment of Wanda Owned Media Union. Wanda shifts its new business focus towards the cultural tourism industry, expecting it to be Wanda’s primary growth engine for the future.

Wanda Group Commercial Real Estate Series - was officially launched at the Beijing Wangfujing Bookstore on March 23. Since joining the Wanda Group in 2006, Mr. Zeng has held other positions within the Wanda Group. On September 11, Wanda Group and Henan provincial government signed a strategic cooperation agreement in Zhengzhou. Wanda Group will add RMB 100 billion of investments in Hunan to develop Wanda City and Wanda Plaza projects in the province. Wanda Group entered the department store arena by establishing the Wanda Department Store brand. Wanda Group Chairman Wang Jianlin was named among 2015 Bloomberg Markets 50 Most Influential, ranking 37th, according to the list released on October 5. The Wuxi Wanda Cultural Tourism City, funded by a total investment of more than 40 billion yuan form the Wanda Group, broke ground in Wuxi on February 28. Wanda’s largest resort project, the Changbaishan International Resort officially opens. Wanda developed project in several Chinese cities such as Chengdu and Changchun, striving to expand its footprint in the country. On October 9, Wanda Cultural Industry Group and LY.com jointly announced that Wanda Cultural Industry Group’s subsidiary Beijing Wanda Tourism Investment Co., Ltd. will merge into LY.com to form China’s largest tourism agency and maximize the benefits of O2O development. Wanda’s 280 Wanda Plazas alone created 1.2 million positions accumulatively. On April 21, Wanda Group signed a strategic cooperation agreement with Liaoning provincial government to invest a total of RMB 120 billion to develop 19 Wanda Plazas and one Wanda Cultural Tourism City in the Liaoning. Wanda Commercial Properties became the final and largest IPO of the year. It is Wanda's fifth large-scale cultural tourism project to begin construction.

On August 26, Wanda Group signed an agreement with Jinan municipal government to invest RMB 63 billion to develop Jinan Wanda Cultural, Sports and Tourism City, becoming Wanda’s 13th super-size cultural and tourism project in China. On May 21, Wanda Group signed a strategic cooperation agreement with Chongqing municipal government to invest a total of RMB 150 billion to develop one super-size Wanda Cultural Tourism City and 28 Wanda Plazas in Chongqing. Wanda has been the employer that creates the most jobs in China for 10 consecutive years.

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According to the agreement, Wanda Group will invest RMB 53 billion to develop Wanda Cultural Tourism City in Dujiangyan, Chengdu. Hefei City in East China's Anhui Province celebrated the groundbreaking of the Wanda Cultural Tourism City on October 27. The Wanda Group underwent its largest ever restructuring. On September 22, Wanda Group and Shanghai Pudong Development Bank (SPDB) signed a strategic cooperation agreement in a signing ceremony at SPDB headquarters attended by Wanda Group Chairman Wang Jianlin and SPDB chairman Ji Xiaohu. The project is the largest cultural tourism investment in eastern China. The Fortune Global 500 is the most renowned, authoritative barometer of the world's largest companies.

Wanda Group won the 2015 China Best Employer Award jointly conferred by the PKU Research Center for CSR and Employer Brand Communications and Zhaopin.com, marking the fourth consecutive year it has won the award since 2012. According to the agreement, Wanda Group will invest RMB 95 billion to develop 19 Wanda Plazas and one cultural tourism project in Yunnan province in the coming four years.

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Wanda Sports Group has 1,600 employees at their 1 location and €1.03 B in annual revenue in FY 2019. On June 16, Wanda Group’s subsidiary Wanda Sports Holding signed a strategic cooperation agreement with FIBA in Beijing, becoming the latter’s exclusive global commercial development partner. After 5 years in the making, Wanda Group launched its 2 most groundbreaking cultural projects to date, the Han Show Theatre and Wanda Movie Park in Wuhan on December 20.Distinguished guests including personalities from the world of entertainment, ambassadors to numerous countries, renowned business leaders and over 300 domestic and foreign media attended the opening ceremony. On March 2, Forbes released its 2015 list of “500 Richest People in the World”. Wanda developed its first third-generation Wanda Plaza, the Ningbo Zhengzhou Wanda Plaza, which is Wanda's first HOPSCA project. Also conferred with the award at the ceremony were Nobel laureate Tu Youyou, poet and scholar Ye Jiaying, IMF deputy managing director Zhu Min, and famous sci-fiction author Liu Cixin. : 010-85853888.

Construction was launched on the 15 billion yuan Xishuangbanna International Resort project. On May 27, Wanda Group and Jiangxi provincial people’s government signed a strategic cooperation framework agreement at a signing ceremony in Nanchang. This process is automatic. Wanda announced the establishment of its British based property development company Wanda One (UK ) Limited (“Wanda One”). Wanda Sports Group, the sports marketing entity that houses the Infront agency, has received an offer from a subsidiary company of Wang Jianlin’s Dalian Wanda, the Chinese multinational conglomerate, to acquire all outstanding Class A ordinary shares.

Wanda Group’s Nanchang Wanda Cultural Tourism City project broke ground on June 18. Wanda Group celebrated the opening of its 100th Wanda Plaza, in Xishan, Kunming, on October 31. On March 23, U.S. President Barack Obama met with Wanda Group Chairman Wang Jianlin in Washington, who was visiting the U.S. for the SelectUSA Investment Summit. Wanda Group officially launched the Qingdao Oriental Movie Metropolis project in Qingdao on September 22.

The Zengcheng Wanda Plaza is the company's second large-scale mixed-use development project in Guangzhou. On May 28, Wanda’s first super-size cultural tourism project under the Wanda City brand, Nanchang Wanda City, opened in Nanchang, Jiangxi province. This marked the official launch of Wanda’s asset-light strategy as it embarked on the path of combining both real estate development and service under an all-new business model. Hollywood can strengthen cooperation with Chinese companies to share in the pie of China growth and the Qingdao Oriental Movie Metropolis project, in particular, will create a lot of opportunities for Hollywood, he said. Wanda announced the acquisition of a majority stake in UK luxury yacht manufacturer Sunseeker for £ 320 million as well as plans to develop a real estate project in Central London, which will include a five-star luxury hotel, with a total investment value of £ 700 million. The Baiyun Wanda Plaza becomes Wanda’s first project in Guangzhou, China’s third largest city as well as its first project in Guangzhou, one of China’s most developed provinces. Wanda Sports Group is a leading global sports events, media and marketing platform with a mission to unite people in sports and enable athletes and fans to live their passions and dreams. With its rich formats, innovative model and competitive products, the project has positioned Wanda City strongly as a new international brand of cultural tourism. On April 3, Wanda Group and Chengdu municipal government signed a project investment framework agreement. 1”, which was sold out within three days and raised RMB 5 billion, setting a record in the global crowdfunding industry.

As part of the investments, it will invest RMB 60 billion in Changsha, including a RMB 50 billion Wanda City. On March 3, Wanda Group’s subsidiary AMC Entertainment Holdings Inc. signed an agreement with Carmike Cinemas Inc. to acquire the latter for USD 1.1 billion. It was the largest investment made by a Chinese company in the health care industry. 'Invest 1 billion RMB to develop key industries and help the poor, and in five years per capita income can be doubled.'

Wanda Group breaks ground on its first Culture Tourism City in Harbin in April.

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