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NEWS
Wanda inks deal for US$9bn 'super sport-themed tourism complex' as Disney rivalry heats up
POSTED 30 Aug 2016 . BY Kim Megson
Wanda chair Wang Jianlin has dreams of overtaking Disney as the world's biggest tourist company Credit: Fortune Global Forum
China’s Wanda Group has taken the next step on its mission to become an unrivalled tourism entity; signing an agreement to build “the world's first culture, tourism, sports and commerce super complex.”

The group has pledged to invest CN¥63bn (US$9.4bn, €8.4bn, £7.2bn) to construct Jinan Wanda Culture, Sports and Tourism City – it’s 13th mega-development in the country.

Unlike its previous Wanda Cities, the new project in Jinan, Shandong province will have a sports theme. Facilities will include a professional ice hockey-basketball stadium with a 10,000 seat capacity and venues for football, cycling and extreme sports.

The 290 hectare site will include an indoor complex of 5.3 million sq m (57 million sq ft), with a Wanda Mall featuring an ocean-themed attraction and a children’s park.

The city will also have a 42 hectare outdoor theme park; the world's only full-scene dome-screen cinema; a large stage show venue; a bar street; and a hotel cluster with three resort hotels, including a six-star property.

Jinan Wanda City is planned to break ground in 2017 and start operation in 2021. According to Wanda’s billionaire chair Wang Jianlin – China's wealthiest individual – it is expected to receive over 20 million tourists, create 20,000 jobs and generate large amount of tax.

With its so-called ‘Wanda City plan’, Wanda is attempting to topple Disney as the world’s largest tourism enterprise by 2020. By that time, Jianlin wants his parks to have welcomed more than 200 million people and be earning annual tourism income in excess of CN¥100bn (US$14.9bn, €13.4bn, £11.4bn).

Jianlin’s rivalry with Disney has been in the spotlight since the latter opened its US$5.5bn (€5bn, £4.2bn) Shanghai resort earlier this year. He took to state television to warn Disney that “one tiger is no match for a pack of wolves”.

Among examples of Wanda Cities are the US$1bn (€895m, £764m) movie park in the Chinese city of Wuhan, which opened in January 2015, and the US$8.2bn (€7.3bn, £6.2bn) mega-complex in the eastern port city of Qingdao.

The company has also invested money in other parts of the world, including a theme park in Australia and France's EuropaCity.

RELATED STORIES
  Disney bites back after IPs are spotted at newest Wanda City


Following Wang Jianlin’s warning to Disney against development in China, tensions have further escalated after Disney said it was prepared to take action to protect its IPs after performers dressed as Snow White, Captain America and Stormtroopers were seen at its newest multi-billion dollar attraction in China.
  ‘One tiger no match for a pack of wolves’ says Wanda chair warning Disney off China


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.
  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.
  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.
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The Park Playground, has opened its first Immersive VR franchise in Porto, Portugal.
Bridgerton Season three – most Instagrammed locations
Following the release of season three Of Bridgerton, a study reveals its ten most Instagrammable filming locations.
Getty Museum refuses to surrender prized Greek bronze to Italy
The European Court of Human Rights has recognised Italy’s claim to a prized Greek antiquity.
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NEWS
Wanda inks deal for US$9bn 'super sport-themed tourism complex' as Disney rivalry heats up
POSTED 30 Aug 2016 . BY Kim Megson
Wanda chair Wang Jianlin has dreams of overtaking Disney as the world's biggest tourist company Credit: Fortune Global Forum
China’s Wanda Group has taken the next step on its mission to become an unrivalled tourism entity; signing an agreement to build “the world's first culture, tourism, sports and commerce super complex.”

The group has pledged to invest CN¥63bn (US$9.4bn, €8.4bn, £7.2bn) to construct Jinan Wanda Culture, Sports and Tourism City – it’s 13th mega-development in the country.

Unlike its previous Wanda Cities, the new project in Jinan, Shandong province will have a sports theme. Facilities will include a professional ice hockey-basketball stadium with a 10,000 seat capacity and venues for football, cycling and extreme sports.

The 290 hectare site will include an indoor complex of 5.3 million sq m (57 million sq ft), with a Wanda Mall featuring an ocean-themed attraction and a children’s park.

The city will also have a 42 hectare outdoor theme park; the world's only full-scene dome-screen cinema; a large stage show venue; a bar street; and a hotel cluster with three resort hotels, including a six-star property.

Jinan Wanda City is planned to break ground in 2017 and start operation in 2021. According to Wanda’s billionaire chair Wang Jianlin – China's wealthiest individual – it is expected to receive over 20 million tourists, create 20,000 jobs and generate large amount of tax.

With its so-called ‘Wanda City plan’, Wanda is attempting to topple Disney as the world’s largest tourism enterprise by 2020. By that time, Jianlin wants his parks to have welcomed more than 200 million people and be earning annual tourism income in excess of CN¥100bn (US$14.9bn, €13.4bn, £11.4bn).

Jianlin’s rivalry with Disney has been in the spotlight since the latter opened its US$5.5bn (€5bn, £4.2bn) Shanghai resort earlier this year. He took to state television to warn Disney that “one tiger is no match for a pack of wolves”.

Among examples of Wanda Cities are the US$1bn (€895m, £764m) movie park in the Chinese city of Wuhan, which opened in January 2015, and the US$8.2bn (€7.3bn, £6.2bn) mega-complex in the eastern port city of Qingdao.

The company has also invested money in other parts of the world, including a theme park in Australia and France's EuropaCity.

RELATED STORIES
Disney bites back after IPs are spotted at newest Wanda City


Following Wang Jianlin’s warning to Disney against development in China, tensions have further escalated after Disney said it was prepared to take action to protect its IPs after performers dressed as Snow White, Captain America and Stormtroopers were seen at its newest multi-billion dollar attraction in China.
‘One tiger no match for a pack of wolves’ says Wanda chair warning Disney off China


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.
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.
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.
MORE NEWS
Excurio and The Muséum National d'Histoire Naturelle create evolutionary VR experience
Virtual reality creators Excurio has teamed up with experts from The Muséum National d'Histoire Naturelle to create Life Chronicles London, a free-roaming VR experience.
The Park Playground opens first immersive VR franchise in Porto
The Park Playground, has opened its first Immersive VR franchise in Porto, Portugal.
Bridgerton Season three – most Instagrammed locations
Following the release of season three Of Bridgerton, a study reveals its ten most Instagrammable filming locations.
Getty Museum refuses to surrender prized Greek bronze to Italy
The European Court of Human Rights has recognised Italy’s claim to a prized Greek antiquity.
Merlin unveils record-breaking Hyperia coaster at Thorpe Park
Merlin Entertainments has launched its new Hyperia rollercoaster at Thorpe Park to celebrate its 45th year.
Second Chaos Karts launches in Dubai
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+ More news   
 
COMPANY PROFILES
iPlayCO

iPlayCo was established in 1999. [more...]
Alterface

Alterface’s Creative Division team is seasoned in concept and ride development, as well as storyte [more...]
Sally Corporation

Our services include: Dark ride design & build; Redevelopment of existing attractions; High-quality [more...]
Painting With Light

By combining lighting, video, scenic and architectural elements, sound and special effects we tell s [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

03-05 Sep 2024

ASEAN Patio Pool Spa Expo

IMPACT Exhibition Center, Bangkok, Thailand
03-08 Sep 2024

Spa Peeps International Corporate Cruise

Cruise London, Amsterdam, Zeebrugge, United States
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2024

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