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NEWS
‘One tiger no match for a pack of wolves’ says Wanda chair warning Disney off China
POSTED 24 May 2016 . BY Tom Anstey
Wang had previously made his intentions towards Disney known, promising Wanda would surpass it as the world’s largest tourism enterprise by 2020
Wanda chair Wang Jianlin has taken aim at Disney, telling the company that “one tiger is no match for a pack of wolves” as Disney prepares to launch its first resort in China next month.

Making the comments during an appearance on China Central Television, multi-billionaire Wang escalated the rivalry between Wanda and Disney, as he aims to make his company the most powerful tourism entity in the world.

Wanda, which mainly operates in China and parts of Asia, has assets worth an estimated CN¥634bn (US$97bn, €86.5bn, £66.5bn) with revenues of CN¥290bn (US$44bn, €40bn, £30.5bn) in 2015. By contrast, Disney revenues for 2015 grew to CN¥344bn (US$52.5bn, €47bn, £36bn).

The US$5.5bn (€5bn, £3.8bn) Disneyland Shanghai theme park and resort – the largest foreign investment ever made by Disney – will feature its highest castle, two hotels and six themed lands: Adventure Isle, Gardens of Imagination, Mickey Avenue, Tomorrowland, Treasure Cove and Fantasyland.

Disney CEO Bob Iger recently said that the company was confident ahead of the launch of the park, praising growth in the Chinese theme park market, but Wang disagreed with his assessment.

“Over the next 10 to 20 years, Wanda must make Disney unprofitable,” said Wang. “Every park of ours has its own business model, with constant innovation while combining indoor and outdoor activities. I think that Disney’s prospects in China, at least financially, don’t look good to me.”

Wang had previously made his intentions towards Disney known, promising to surpass it as the world’s largest tourism enterprise by 2020, aiming to welcome more than 200 million people and earn annual tourism income in excess of CN¥100bn (US$16.1bn, €14.6bn, £10.3bn) with its ‘Wanda City’ plan.

Each city is being built on a grand scale, with the entire endeavour being an indoor project, designed to operate all-year-round. Future plans include opening in excess of 15 Wanda cities in China alone, each with projected visitor numbers of more than 10 million, while larger branches within certain cities will be able to accommodate 30 million annually.

Among examples of Wanda cities are the US$1bn (€839m, £659m) movie park in the Chinese city of Wuhan, which opened in January 2015, the multi-billion dollar Wanda Hefei, set to open in July 2016, and the US$8.2bn (£5.1bn, €6bn) mega-complex in the eastern port city of Qingdao.

In addition to the ambitious domestic plans, Wanda has also begun acquisitions of travel enterprises and tourism spots in an effort to build up major tourism hubs abroad, most notably in Australia, where Wang is planning a multi-billion dollar Gold Coast theme park based on the Jurassic World franchise.
RELATED STORIES
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  Disneyland Shanghai sets June opening date


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  Wanda’s acquisition of Legendary Entertainment paves way for Jurassic World theme park


Chinese property and entertainment giant Wanda has announced the US$3.5bn (€3.2bn, £2.4bn) acquisition of Legendary Entertainment, opening the door for a Jurassic World theme park in Australia among a host of other future projects.
  Iger 'bullish' over Shanghai Disneyland prospect


Disney CEO Bob Iger has said the company is confident ahead of the launch of Shanghai Disneyland next year, praising growth in the Chinese market.
MORE NEWS
VAC 2022 conference programme and 25 speakers announced
VAC 2022 has announced the final line-up of 25 top attractions sector speakers set to appear at the conference on Thursday 13 October.
Foster and Partners reveal design for sustainable marine life centre on the Red Sea
Live-streaming 'digital tour' enters the attractions sector
Live-streaming platform Heygo has ventured into the cultural visitor attractions sector by partnering with a number of museums in the UK and US.
Brad Pitt makes debut as sculptor at Finnish art museum
Hollywood superstar, Brad Pitt, has made his debut as a sculptor as part of British artist Thomas Houseago’s first ever exhibition in the Nordic countries.
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COMPANY PROFILES
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Attractions industry to reunite this September at IAAPA Expo Europe in London
For the first time in more than a decade, industry leaders from across the global attractions industry will once again gather in London as part of the annual IAAPA Expo Europe, the sector’s premier international event. [more...]
VIDEO GALLERY

International Association of Amusement Parks and Attractions (IAAPA) - IAAPA Expo Europe Promo
A celebration of the industry, IAAPA Expo Europe is where thousands of leisure professionals gather to learn what’s new and trending. With hundreds of exhibitors set to showcase their innovations, an education conference packed with insights on sustainability, guest experience, technology combined with Special Events and EDUTours, this year’s expo promises to be one of our best. Find out more...
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13 Oct 2022

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25-28 Oct 2022

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Jobs    News   Products   Magazine
NEWS
‘One tiger no match for a pack of wolves’ says Wanda chair warning Disney off China
POSTED 24 May 2016 . BY Tom Anstey
Wang had previously made his intentions towards Disney known, promising Wanda would surpass it as the world’s largest tourism enterprise by 2020
Wanda chair Wang Jianlin has taken aim at Disney, telling the company that “one tiger is no match for a pack of wolves” as Disney prepares to launch its first resort in China next month.

Making the comments during an appearance on China Central Television, multi-billionaire Wang escalated the rivalry between Wanda and Disney, as he aims to make his company the most powerful tourism entity in the world.

Wanda, which mainly operates in China and parts of Asia, has assets worth an estimated CN¥634bn (US$97bn, €86.5bn, £66.5bn) with revenues of CN¥290bn (US$44bn, €40bn, £30.5bn) in 2015. By contrast, Disney revenues for 2015 grew to CN¥344bn (US$52.5bn, €47bn, £36bn).

The US$5.5bn (€5bn, £3.8bn) Disneyland Shanghai theme park and resort – the largest foreign investment ever made by Disney – will feature its highest castle, two hotels and six themed lands: Adventure Isle, Gardens of Imagination, Mickey Avenue, Tomorrowland, Treasure Cove and Fantasyland.

Disney CEO Bob Iger recently said that the company was confident ahead of the launch of the park, praising growth in the Chinese theme park market, but Wang disagreed with his assessment.

“Over the next 10 to 20 years, Wanda must make Disney unprofitable,” said Wang. “Every park of ours has its own business model, with constant innovation while combining indoor and outdoor activities. I think that Disney’s prospects in China, at least financially, don’t look good to me.”

Wang had previously made his intentions towards Disney known, promising to surpass it as the world’s largest tourism enterprise by 2020, aiming to welcome more than 200 million people and earn annual tourism income in excess of CN¥100bn (US$16.1bn, €14.6bn, £10.3bn) with its ‘Wanda City’ plan.

Each city is being built on a grand scale, with the entire endeavour being an indoor project, designed to operate all-year-round. Future plans include opening in excess of 15 Wanda cities in China alone, each with projected visitor numbers of more than 10 million, while larger branches within certain cities will be able to accommodate 30 million annually.

Among examples of Wanda cities are the US$1bn (€839m, £659m) movie park in the Chinese city of Wuhan, which opened in January 2015, the multi-billion dollar Wanda Hefei, set to open in July 2016, and the US$8.2bn (£5.1bn, €6bn) mega-complex in the eastern port city of Qingdao.

In addition to the ambitious domestic plans, Wanda has also begun acquisitions of travel enterprises and tourism spots in an effort to build up major tourism hubs abroad, most notably in Australia, where Wang is planning a multi-billion dollar Gold Coast theme park based on the Jurassic World franchise.
RELATED STORIES
Wanda Group to make multi-billion investment in Europa City


The Wanda Group is to announce a multi-billion dollar investment into the currently under-development Europa City on the outskirts of Paris.
Disneyland Shanghai sets June opening date


Disney has set a new opening date for its first theme park in China, which will open on 16 June later this year.
Wanda’s acquisition of Legendary Entertainment paves way for Jurassic World theme park


Chinese property and entertainment giant Wanda has announced the US$3.5bn (€3.2bn, £2.4bn) acquisition of Legendary Entertainment, opening the door for a Jurassic World theme park in Australia among a host of other future projects.
Iger 'bullish' over Shanghai Disneyland prospect


Disney CEO Bob Iger has said the company is confident ahead of the launch of Shanghai Disneyland next year, praising growth in the Chinese market.
MORE NEWS
VAC 2022 conference programme and 25 speakers announced
VAC 2022 has announced the final line-up of 25 top attractions sector speakers set to appear at the conference on Thursday 13 October.
Foster and Partners reveal design for sustainable marine life centre on the Red Sea
Live-streaming 'digital tour' enters the attractions sector
Live-streaming platform Heygo has ventured into the cultural visitor attractions sector by partnering with a number of museums in the UK and US.
Brad Pitt makes debut as sculptor at Finnish art museum
Hollywood superstar, Brad Pitt, has made his debut as a sculptor as part of British artist Thomas Houseago’s first ever exhibition in the Nordic countries.
World's longest and 'technologically advanced' zipline planned for Iceland
A 1km-long zipline offering riders speeds of 120km/h is set to open in Iceland later this year.
Triotech secures deal to supply rides for Puy Du Fou Asia's first Chinese attraction
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+ More news   
 
COMPANY PROFILES
ProSlide Technology, Inc.

A former national ski team racer, ProSlide® CEO Rick Hunter’s goal has been to integrate the smoot [more...]
IAAPA EMEA

IAAPA Expo Europe was established in 2006 and has grown to the largest international conference and [more...]
Polin Waterparks

Polin was founded in Istanbul in 1976. Polin has since grown into a leading company in the waterpa [more...]
DJW

David & Lynn Willrich started the Company over thirty years ago, from the Audio Visual Department [more...]
+ More profiles  
FEATURED SUPPLIER

Attractions industry to reunite this September at IAAPA Expo Europe in London
For the first time in more than a decade, industry leaders from across the global attractions industry will once again gather in London as part of the annual IAAPA Expo Europe, the sector’s premier international event. [more...]
VIDEO GALLERY

International Association of Amusement Parks and Attractions (IAAPA) - IAAPA Expo Europe Promo
A celebration of the industry, IAAPA Expo Europe is where thousands of leisure professionals gather to learn what’s new and trending. With hundreds of exhibitors set to showcase their innovations, an education conference packed with insights on sustainability, guest experience, technology combined with Special Events and EDUTours, this year’s expo promises to be one of our best. Find out more...
More videos:
Red Raion TV - Opening Event: FICO Eataly World – Red Raion
Keynote | Moby Dick - Friends to the rescue! – Red Raion
Red Raion Showreel 2021 – Red Raion
+ More videos  

CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

13 Oct 2022

VAC 2022

The ICC Birmingham, Birmingham, United Kingdom
25-28 Oct 2022

Synergy - The Retreat Show

Ibiza, Ibiza, Spain
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2022

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