the football club see dalian wanda f.c. wanda group wanda plaza in beijing houses the company s headquarters . type private industry conglomerate hospitality retailing property development tourism cultural industry 1 founded dalian liaoning china 1988 ; 28 years ago 1988 headquarters beijing china area served worldwide key people wang jianlin chairman 2 d ng b nx president products plazas yachts luxury hotels commercial property department stores cinemas revenue cn 257.371 billion us 39.47 billion 2014 3 net income cn 13.450 billion us 2.06 billion 2013 3 total assets cn 564.250 billion us 86.15 billion 2014 3 owner dalian hexing investment co. owned by wang family 2 number of employees 130 000 4 divisions wanda cinemas wanda media subsidiaries amc theatres sunseeker international infront sports & media the hoyts group world triathlon corporation legendary entertainment website www.wanda group.com wanda group simplified chinese traditional chinese transcriptions standard mandarin hanyu pinyin w nd j tu n alternative chinese name simplified chinese traditional chinese transcriptions standard mandarin hanyu pinyin d li n w nd wanda group simplified chinese ; traditional chinese ; pinyin w nd j tu n or dalian wanda chinese is a chinese multinational conglomerate corporation and the world s biggest private property developer and owner 5 and the world s largest cinema chain operator owning wanda cinemas and the hoyts group . 6 7 the company operates in four major industries commercial property luxury hotels culture and tourism and department stores . it was established in dalian liaoning and is now headquartered in beijing . contents 1 history 1.1 diversification push 1.2 initial public offering 1.3 sports 2 operations 3 sponsorships 4 see also 5 references 6 external links history edit the company was founded in dalian liaoning in 1988 as a residential real estate company by wang jianlin . 8 incorporated in 1992 the company was one of the first shareholding companies in the prc after the economic reform . 9 diversification push edit since 2005 2 recent years chinese property developers like dalian wanda and evergrande have made forays into alternative income generating businesses away from the property market . the financial times noted that dalian wanda was the most aggressive in pursuing this strategy pointing to its 2012 acquisition of u.s. cinema chain amc theatres and 2013 purchase of british yachtmaker sunseeker . it noted that it was also building theme parks across china and has a joint venture with tencent and baidu to set up an e commerce platform . 10 dalian wanda acquired the u.s. based cinema operator amc theatres in may 2012 for 2.6 billion the largest chinese acquisition of an american company to that date . 11 the acquisition went through successfully in august 2012 making wanda cinemas the world s largest cinema operator . 12 as of 2016 wanda owns approximately 6 % of all commercial movie screens in china and about 13 % in the u.s. 12 the company made major changes in amc theater design and layout including generously sized reclining seats waiter service and expanded food and drink offerings . ticket sales at amc nearly doubled in the 18 months following the acquisition and by the end of 2014 wanda had reaped a reported profit of about us 900 million . 12 amc also owns 50 % of open road films . in june 2013 dalian wanda planned to invest 1.1 billion to develop a new five star hotel in london next to the thames river in vauxhall south london as part of the nine elms regeneration . 2 mayor of london boris johnson welcomed this move . 13 it is building western europe s tallest residential building . 9 plans were scrapped in 2015 in june 2013 dalian wanda acquired sunseeker international a uk based maker of luxury yachts used in the james bond movies for 500 million . 2 this acquisition will give them a 92 % stake in the company . 13 in january 2015 dalian wanda purchased an office building in sydney australia from blackstone group for around 327 million . 14 the company is aggressively expanding overseas to move away from china s property market which has been hit by a slowing economy . 10 in june 2015 wanda cinemas announced that it had acquired australian cinema chain hoyts . 7 in november 2015 it was announced that a holding company wanda film holdings will group all film related assets . 15 dalian wanda plans for a skyscraper in chicago to be called wanda vista designed by chicago architect jeanne gang and will become the city s third tallest building . if completed it will become the tallest building in the world designed by a woman passing chicago s aqua tower . 16 in january 11 2016 wanda group acquired legendary entertainment for 3.5 billion . the acquisition of legendary made wanda film holdings the highest revenue generating film company in the world . 17 in may 2016 wanda group acquired propaganda gem . the entertainment marketing and product placement agency becomes part of wanda group s focus on entertainment but also hollywood content . 18 wanda group also owns 20 % of mtime . 19 on july 13 2016 wanda group is in talks to acquire a 49 % stake of paramount pictures . 20 on september 23 2016 wanda group partners with sony pictures giving it some creative control over sony films . 21 initial public offering edit in december 2014 dalian wanda commercial properties the group s property division raised 3.7 billion in an initial public offering on the hong kong stock exchange 22 the most money a real estate company has raised in the public markets . 9 the ipo made founder wang jianlin worth more than 25 billion making him one of china s richest men . 5 in 2016 the group sought to privatize dalian wanda commercial properties less than 18 months after the unit s listing on the stock exchange . 23 standard & poor was concerned that the move would weaken wanda commercial s transparency . 23 sports edit on january 20 2015 it was reported that wang jianlin was buying a 20 % stake in the la liga club atl tico madrid . 24 the purchase was finalised march 31 2015 when the company wanda madrid investment a subsidiary of dalian wanda group officially become a partial owner of atl tico madrid after gaining control of 726.707 shares representing a 20 % ownership stake . the purchase price was 44 983 163 .30 or 61.90 per share . 25 in february 2015 dalian wanda won an auction to purchase infront sports & media a sports marketing company based in zug switzerland for 1.2 billion . 26 27 infront distributes broadcasting rights for some of the world s biggest sporting events ; for example it has the exclusive sales rights to broadcast fifa s events from 2015 to 2022 including the 2018 and 2022 world cups . according to wang jianlin the acquisition is expected to help boost sports in china and increase wanda s influence in global sports . 28 in august 2015 dalian wanda announced that it was purchasing the world triathlon corporation a us based company promoting and licensing various triathlon competitions for 650 million . 29 in november 2015 it was announced that a sports division will include all sports related assets . 15 operations edit wanda group has its headquarters in the wanda plaza chinese in beijing s chaoyang district where it moved in 2009 . 30 in may 2015 dalian wanda group announced that it was in the process of relocating its corporate headquarters to shanghai which will become the third chinese city to host the company s headquarters . 31 as of june 16 2014 dalian wanda owned 88 wanda plazas 55 five star hotels 1 247 cinema screens 78 department stores and 84 karaoke centres throughout china . 32 in 2013 the company s assets totaled 380 billion yuan 62.8 billion its annual income reached 186.6 billion yuan 30.8 billion and net profits exceeded 12.5 billion yuan 2.06 billion . sponsorships edit since 2011 dalian wanda has been the major sponsor of the chinese super league football league . 33 from 1994 to 2000 it was the primary sponsor for the dalian shide f.c. then named dalian wanda f.c. during which time the club won four titles in the chinese top tier jia a league . 34 the china s future football stars project kicked off in 2013 is being funded by the wanda group with an initial phase i investment of at least 200 million yuan approximately 32.5 million the biggest sponsorship in domestic youth sport development since 1949 . the program will see 30 young footballers sent to spain each year for a three year training program that will consist of football training as well as education in spanish language and local culture . on march 18 2016 wanda signed a deal with fifa to provide sponsorship at the next four world cup competitions up until 2030 . although it is still unclear as to how much money has changed hands and also which wanda subsidiaries will be appearing . this deal makes wanda the first chinese first tier fifa sponsor . see also edit chinese property bubble 2005 11 real estate in china references edit spender tom . interview with dalian wanda s wang jianlin . tomspender.com . archived from the original on january 1 2015 . retrieved 29 december 2014 . a b c d e wei michael 19 august 2013 . property mogul emerges as china s richest person . bloomberg news . archived from the original on august 19 2013 . retrieved 19 august 2013 . a b c corporate profile . official website of wanda group . retrieved 1 january 2015 . http www.wanda group.com employees a b it s a wanda ful life . the economist . february 14 2015 . industry partners dalian wanda group . world economic forum . archived from the original on february 4 2015 . retrieved 15 february 2015 . a b matthew miller 2 june 2015 . china s dalian wanda buys australian cinema chain hoyts . reuters . retrieved 3 june 2015 . wanda group threw 5 billion yuan for rock bottom price bargains and wang jianlin predicted a complete shuffle for the real estate industry column of wang jianlin about wanda . dalian wanda group . november 29 2008 . archived from the original on february 10 2013 . retrieved 2012 05 22 . a b c alexandra stevenson ; michael forsythe december 16 2014 . dalian wanda commercial a chinese developer raises 3.7 billion in i.p.o. . new york times . a b josh noble ; gabriel wildau january 15 2015 . dalian wanda changes property strategy after ipo . financial times . news summary amc theater chain to be sold . bloomberg businessweek . may 21 2012 . a b c shih willy ; mcgee henry december 2015 . hollywood on the yellow sea . the atlantic . 316 5 44 51 . retrieved february 3 2016 . a b china s dalian wanda to buy uk yacht maker and hotel . bbc . june 19 2013 . blackstone to sell prime sydney property to dalian wanda for 327 million reuters 26 january 2015 a b patrick frater november 2 2015 . china s wanda establishes global film division . variety.com . retrieved november 7 2015 . kamin blair apr 14 2015 . proposed skyscraper could be third tallest or fifth tallest in chicago . the chicago tribune . retrieved may 30 2016 . brzeski patrick 2016 01 11 . it s official china s wanda acquires legendary entertainment for 3.5 billion . the hollywood reporter . retrieved 2016 01 11 . wanda buys marketing specialist propaganda gem hoolai games variety 2016 tartaglione nancy june 15 2016 . is warcraft s outsized china box office a game changer for hollywood