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Chairman attends cultural trade symposium

May 17,2013

Wanda Group Chairman Wang Jianlin attended a cultural trade work symposium jointly organized by the CPC Publicity Department and the Ministry of Commerce in Shenzhen of Guangdong Province on May 17, 2013.

Wang made a speech with the topic of Forging the Global Distribution Channels for Chinese Movie Industry at the symposium.

In the speech, Wang introduced the situation of Wanda’s cultural business development, shared Wanda’s experience in building global distribution channels for Chinese movies and explained how Wanda promotes Chinese movies’ international influence through distribution and content production.

Wang recommended three ways of building global channels: overseas merger and acquisition, exporting Chinese movies to foreign countries and co-producing movies to spread Chinese culture.

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About Wanda Group:

The Dalian Wanda Group was founded in 1988 and operates in four major industries, including commercial properties, luxury hotels, culture & tourism, and department store chain. The company has assets of 300 billion yuan ($48 billion) and an annual income of 141.7 billion yuan ($23 billion), and pays 20.2 billion yuan ($3.2 billion) in taxes every year. The company now operates 67 Wanda Plazas, 38 five-star hotels, 6,000 cinema screens, 57 department stores and 63 karaoke outlets across the country. By 2015, the company aims to increase its assets to 400 billion yuan ($64.8 billion) and annual income to 250 billion yuan ($40.5 billion), and pay 30 billion yuan ($4.8 billion) in taxes every year, becoming a world-class enterprise.

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