Wanda may open three theme parks in US, says Wang Jianlin

Chinese real estate tycoon Wang Jianlin said Saturday that his Dalian Wanda Group will compete with Disneyland and may open theme parks in the United States in the future.

Wang, founder and president of the group, one of China’s top property developers, revealed his ambition at the opening ceremony of a movie park in Wuhan, capital of Hubei province in central China.

Although real estate contributes the bulk of Wanda’s revenue, Wang told Xinhua that the group is seeking more growth engines as rapid expansion in China’s property sector is coming to an end. Wang said Wanda will unveil a transformation plan in January and turn to businesses in culture, tourism, finance and e-commerce for further growth.

“Our cultural tourism cities will try to rival Disneyland parks in Hong Kong and Shanghai in terms of visitors and revenue. If we do well, Wanda will probably build theme parks in the US,” Wang said.

Full article: Wanda may open three theme parks in US, says Wang Jianlin (Want China Times)

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