Wang Jianlin, China’s second-richest man, made his fortune building shopping malls. Of late, however, he has shown more interest in becoming an entertainment mogul.
Across the country the property unit of Dalian Wanda — the conglomerate he controls and chairs — owns 159 shopping precincts and 71 luxury hotels. Four weeks ago a $3.7bn IPO valued Dalian Wanda Commercial Properties at $28bn — making it the world’s second-largest purely commercial developer.
But Mr Wang sees the group’s future elsewhere. The lavish opening of his Rmb7bn ($1.1bn) movie theme park and nationalist-themed circus show in Wuhan, the capital of the central Hubei province, has provided a large clue.
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