Articles tagged “dalian wanda”

Wanda Sells More of Its Tourism Businesses for $900 Million

Wanda Sells More of Its Tourism Businesses for $900 Million

Bloomberg

When the Chinese government tells you to give up your travel businesses, you act quickly, at least if you're based in the country. So much for Wanda's dreams of one day competing with Disney.

1 year ago

China’s Biggest Hospitality Dealmakers May Be Sidelined for Good

China’s Biggest Hospitality Dealmakers May Be Sidelined for Good

Daniel Meesak, Jing Travel

Just two years ago, insurance company Anbang surprised the world with its bid to buy Starwood. Now it and other Chinese companies that went on global shopping sprees are stuck with an impossible bill — and a government that doesn't approve of the purchases.

2 years ago

China’s Dalian Wanda Group Unloads $9.3 Billion in Tourism Projects

China’s Dalian Wanda Group Unloads $9.3 Billion in Tourism Projects

Bloomberg

We are not going to tell large Chinese companies how to live their life. But their actions of unloading and buying and selling right now does not speak to a solid market. It suggests insecurity.

2 years ago

Wanda Group Invests $15 Billion in Hunan Theme Park, Aims to Be Globe’s Largest Tour Company

Wanda Group Invests $15 Billion in Hunan Theme Park, Aims to Be Globe’s Largest Tour Company

Prudence Ho, Bloomberg

Regardless of whether Dalian Wanda Group keeps trying to position itself as a rival to Disney, one thing is clear: There are going to be a lot of theme parks in China in the near future.

3 years ago

Disney Rival Wanda’s Latest Move Is a $9.5 Billion Tourism Project in China

Disney Rival Wanda’s Latest Move Is a $9.5 Billion Tourism Project in China

Prudence Ho and Jeanne Yang, Bloomberg

Dalian Wanda Group is building at breakneck speed, but Disney executives have said they don't feel threatened. We think there's room for more than one entertainment giant in China.

3 years ago

Disney Faces a Noisy Competitor as Its Shanghai Park Prepares to Open

Disney Faces a Noisy Competitor as Its Shanghai Park Prepares to Open

Bloomberg

The Disney park in Shanghai is bigger and more expensive than its local rival; time will tell which option the market prefers.

3 years ago

Disney’s Top Rival in China Is Trash Talking Its Theme Parks and Mickey Mouse

Disney’s Top Rival in China Is Trash Talking Its Theme Parks and Mickey Mouse

Bloomberg

This rant was entertaining but probably as likely to materialize as the latest Disney fairy tale. A smarter strategy would be to try to capitalize on theme park interest that Disney's new Shanghai resort is generating.

3 years ago

$8 Billion Entertainment Park in Qingdao, China Will Be World’s Largest

$8 Billion Entertainment Park in Qingdao, China Will Be World’s Largest

Michael Wei, Bloomberg

This isn't the only huge investment the group has in its sights: it recently said it could afford to spend as much as $5 billion every year to buy foreign firms or assets and indicating its plans to do so.

6 years ago

Here comes China’s soft power: Wanda group looking to buy & build U.S. hotel chains

Here comes China’s soft power: Wanda group looking to buy & build U.S. hotel chains

Terril Yue Jones, Reuters

Here comes China's soft power in the travel industry, which will likely be through buying hotels/property instead of making futile slashed in the airlines industry.

7 years ago