What is the reason for Wanda Group's success?

Some time ago, our founding father set a small goal to make him popular. However, Wanda is so successful that the national father dares to say so. Do you know why Wanda succeeded? The following is the reason why Wanda is successful, I hope it will be useful to you.

One reason for Wanda's success: modular management: efficient centralized control of real estate construction projects.

It invented the secret of Wanda management? Modular management? This is also an important reason why the group vertically controls many projects without losing control and maintaining high efficiency.

Although? Modular management? This is nothing new. In essence, it is the application of crisscross project management methodology in commercial real estate construction: horizontally, Wanda divides the project construction from land acquisition to store opening into 12 projects, including preparation, delisting, land delivery and four certificates. Stage? ; Vertically, Wanda includes project management, sales, finance, cost, human resources, procurement, planning and design, engineering, investment promotion and quality and safety supervision. Line? Implement the operation management and control mode of each project with highly centralized control. At every stage, every? Line? Almost all have clear tasks, objectives, division of responsibilities and quality requirements. Combined with vertical and horizontal dimensions, it is composed of 3 18? Node? Modular management system.

Despite this, there are still many companies trying to implement similar management and control models, but is Wanda implementing them? Modular management? Always strictly implement, constantly improve and refine, this is the real success factor.

On the one hand, as mentioned above, what are Wanda's management? Militarization? In the process of implementing modular management, Wanda has designed relevant supporting measures from the following five aspects to ensure strict implementation:

(1) Wanda independently developed a modular management IT system. As long as the start time or planned opening time of a wanda plaza is input into the system, the start time and completion time of each node can be calculated, and every relevant department and individual can know when and what to do through the company intranet.

(2) Wanda has a video surveillance system covering all wanda plaza in China, which can randomly check the real situation of each work at any time, so as to achieve? No dead ends? , not for employees? Make a mistake? Opportunity;

(3) Every month, the leaders in charge of general manager, sales, finance, engineering, design, etc. of wanda plaza project companies all over the country should hold monthly meetings, make briefings and work arrangements, share experiences, and review those who do not do well, even informed criticism;

(4) Modular management is linked to the performance of the responsible person, with clear regulations and formulas for calculating rewards and punishments, which is quite powerful and greatly mobilizes the sense of responsibility and enthusiasm of the executors;

(5) Although each project will have its own particularity, some tasks will inevitably not be completed as scheduled, Wanda Culture emphasizes being proactive, overcoming all difficulties and not accepting any excuses. If you can't finish it, you will be replaced immediately. Of course, for a few special cases, timely explanation or application to superiors may also lead to grace or adjustment of plans and programs.

On the other hand, through continuous exploration and improvement, Wanda has made modular management increasingly refined and rigorous. In this regard, the group has a special department responsible for promoting and supervising the implementation of modular management, and has formulated clear quality standards for each work, which will be revised and supplemented regularly; At the same time, led by Wanda College and Commercial Real Estate Research Department, we will review the construction and operation of each wanda plaza, sum up experiences and lessons, and find out the problems that need improvement? A loophole? Or? Short board? , constantly optimize.

Supported by the modular management system, Wanda is like a well-designed machine. Although the turnover rate of the company is high, and the top management of some projects changes like a lantern, the whole company can still operate in an orderly and efficient manner.

In this way, Wanda Group starts construction of nearly 20 wanda plaza projects every year, most of which can be opened as scheduled, and some projects only take 10 months or even less from land acquisition to full-scale store opening (for example, Guangzhou Baiyun wanda plaza, 1 1 month has achieved the overall completion and opening of more than 400,000 square meters of commercial buildings; It's really amazing that Wuhan Central Cultural District has achieved the commercial completion of 100000 square meters within10 month.

Second, enterprise management: grasp the essence of the enterprise

Wanda uses it? Modular management? After controlling the construction of wanda plaza, will it be more long-term and sustainable? Enterprise operation and management? (Wanda internal popular name? Business management? ) is another indispensable function of Wanda. In other words, if Wanda can't manage the completed wanda plaza well, Wanda, a high-speed machine, may break down and even affect the operation of the whole system.

Wanda not only has a special show? Business management system? And by the commercial real estate research department and other departments to study enterprise management. In fact, in the early stage of Wanda's development, Wang Jianlin himself studied the flow of people in shopping malls, the business strategies of prosperous shops and cold shops, the combination of square formats, the implantation of brands and the arrangement of promotional activities, which also reflected his emphasis on commercial operation and management.

Three successful factors of business model: government relations, capital operation and business ecology.

If we only have the professional ability in project construction and commercial operation, it is difficult for Wanda to achieve today's results. In this regard, I personally think that another unknown success factor of Wanda is Wang Jianlin's meticulous and ingenious business model, which can start large-scale investment and construction with very little money and achieve extraordinary development: 20 1 1 year, and the group's turnover is less than 100 billion yuan; In 20 12 years, the expected target was12 billion yuan, the actual completion was 14 17 billion yuan, and the net profit exceeded 10 billion yuan; In 20 13 years, the group's turnover was186.6 billion yuan, up 3 1% year-on-year.

In Wanda's business model, the key success factors include the following three aspects:

1 government relations

To a large extent, Wanda's success is inseparable from the government's support. As I said before, because wanda plaza can bring world-class brands, luxurious five-star hotels and brand-new hotels to the local area (many second-and third-tier cities)? Downtown? And wanda plaza has? Quickly built? This is very important for many officials. Make a fire. A fire? Therefore, some local governments actively seek cooperation with Wanda and offer preferential conditions for this purpose. This not only reduces the operating cost of Wanda project, but also provides a strong guarantee for its efficient operation (including construction and sales).

In addition, not only Wang Jianlin himself is good at the operation and maintenance of the relationship between the government and the people, but Wanda Group also has a special department responsible for selecting projects. Take land? Negotiate with the government and coordinate the demolition construction. Forensics? Waiting for business. In this regard, Wanda is indeed? Expert? .

2. Capital operation

Wanda's capital operation is also well-designed, well-organized and interlocking, which is amazing:

(1) Due to the government's support in the early stage, Wanda only needs to pay a very low price. Take land? Cost, can start construction;

(2) As we have established long-term cooperation partners with large state-owned construction enterprises and have strong negotiation ability with suppliers, part of the construction funds can be advanced by the partners;

(3) Because Wanda owns a large number of its own properties and has a good long-term relationship with banks, it can easily obtain a large number of preferential bank loans;

(4) Once the pre-sale conditions are met, Wanda can quickly sell the shops, office buildings, apartments or houses in the urban complex to realize the return of funds (in some projects, these incomes can share the cost and pay the project funds and bank loans, thus laying a solid foundation for profit);

(5) Due to the brand, reputation and strength of wanda plaza and the good relationship between Wanda and the bank, it can assist buyers and investors such as shops and apartments to apply for loans;

(6) Once the Plaza Building is capped, Wanda can apply for a property right certificate and apply for a mortgage loan from the bank;

(7) The opening of the Plaza will realize the rent, management fee and income of Wanda's own department stores, hotels, cinemas and entertainment? A long stream of water? .

In this way, Wanda can achieve leap-forward, unconventional and rolling development with a small amount of funds, and projects with billions and tens of billions of investments have been launched repeatedly. Coupled with the above-mentioned operating system and other risk control measures, Wanda can even do it? Easy? .

3. Business Ecology

Wanda takes wanda plaza as the platform, connecting consumers at one end and partners (including banks, construction enterprises, governments, merchants, investors, etc.) at the other end. ) at the other end, so as to build a huge and harmonious? Business ecosystem? , perform their duties and get what they need:

Consumer:

Because wanda plaza has a first-line brand, the shopping environment is good, the location is good (for example, it is located in the city center), and it is convenient. Eat, drink and be merry, one-stop shopping, consumption and entertainment? ), so it can attract a large number of passengers (except for a few squares, most of wanda plaza's passengers are very good);

Cooperative merchants:

Because wanda plaza has a good image, environment and positioning, and a large number of passengers, it can create more business and earn more money for merchants, so many cooperative merchants have maintained close cooperative relations with Wanda for a long time, even? Follow Wanda? (including some international luxury brands); At the same time, Wanda also implements unified management and differential treatment for cooperative merchants, sets clear access conditions and assessment standards, establishes a huge brand library system, divides it into three or six categories, and implements different cooperation policies and management and control modes;

Construction company:

Because Wanda has a good reputation and many projects, several companies under the state-owned China Construction System have established long-term cooperative relations with Wanda, which can advance construction funds or give better payment terms; On the other hand, because these big-name construction enterprises can also guarantee the progress and quality of the project and achieve win-win and common development;

Supplier:

Due to many projects, Wanda has strong bargaining power for suppliers, and there are clear procurement norms and systems within the company, such as centralized national bidding for bulk and high-value commodities; Special commodities or low-value consumables can be purchased locally by the project company, which not only realizes effective control, but also does not lose flexibility; At the same time, Wanda also has clear requirements, assessment and elimination systems for suppliers.

Just like Ma Yun's Alibaba (Taobao and Tmall) operates online platforms, Wang Jianlin's Wanda also operates offline platforms, both of which are a business ecosystem. According to the popular ones now? Platform strategy? This business model is very powerful. As long as there are no major changes, Wanda can maintain sustainable development for a long time.

In fact, after building a commercial platform supported by physical wanda plaza, Wanda can expand related industries such as culture, entertainment and tourism, and build a larger and more perfect commercial value chain. Judging from various indications, Wanda is currently in the process of transformation.

Four. Risk control: Emphasis on centralized control and audit system.

If you leave the execution, even the best business model is just a fantasy? As mentioned above, Wanda's success depends on doing these two aspects well. At the same time, it is impossible for any business to advance completely as planned, and there will always be risks of one kind or another. In terms of risk prevention and control, Wanda has also established a relatively complete system and has some unique practices.

First of all, Wanda controls costs through centralized management and control, including financial accounting and management, cost control, procurement system and norms.

Secondly, Wanda implements a strict process control system and attaches great importance to system construction. After more than 20 years of accumulation, a very specific and practical system has been established. There are several books compiled by various systems, with nearly 2 million words. At the same time, the company will revise the system every two years, from September to February, which lasts for three months, striving for continuous improvement and perfection.

For example, Wanda employees need to advance their own funds and buy office machines after joining the company, and there are clear regulations on what level of employees need to buy notebooks and within what scope.

Thirdly, in order to cooperate with the implementation of various systems, the OA system within Wanda Group is very complicated, and many matters need to be applied or notified to multiple departments. Some applications involving costs and expenses have long procedures and many procedures, even to the point of cumbersome. Take the above employees buying office machines as an example. Employees can apply for reimbursement according to certain standards after they become regular employees. Although there are clear standards for this matter, the process in OA even needs the approval of the vice president in charge of the group.

Fourth, there is an audit department directly reporting to the President within Wanda, and there is a special safety supervision and quality control department at the group level, which is responsible for the inspection, audit and audit of related matters, and even holds company-wide meetings to inform some incidents involving clean government.

Verb (abbreviation of verb) summary: Wanda's growth engine

To sum up, Wanda's key success factors include: (1) the leadership of the top leader; (2) organizational learning ability; (3) strict control system; (4) super execution; (5) Efficient business model; (6) Business ecosystem; (7) Risk management and control system.

These elements are mutually matched, interdependent or enhanced, forming an interlocking growth engine that pushes Wanda forward like a snowball.

In the above figure, * * * has five promotion cycles, corresponding to Wanda's core competitiveness and key success factors analyzed in this paper:

(1) R 1 reflects the development pattern of Wanda with commercial real estate development as its main business since its establishment? The more projects, the stronger the financial strength, the greater the attraction to all parties, and the new projects (? Take land? ), which leads to more projects.

(2)R2 reflects Wanda's continuous improvement of the system and management system through project training and summary, and at the same time relying on Super? Execution? , constantly improve? Internal strength? , which not only speeds up the development of the project, but also reduces the risk, making the cycle of R 1 run effectively.

(3)R3 shows that relying on the above strength, Wanda has won the trust of many partners and a stable long-term cooperative relationship, thus winning the favor of local governments, not only increasing Wanda? Take land? Opportunities to reduce the cost of land acquisition will further enhance their own strength, thus further consolidating the relationship with business partners and local governments.

(4)R4 reflects that with its strong business partnership and business management ability, Wanda can win the favor of consumers with its convenience, positioning, shopping environment and other conditions, leading to great prosperity? Popular? . In the final analysis, this is the foundation of Wanda's development.

(5)R5 shows that Wanda can further expand its cultural, entertainment and tourism industries by virtue of its existing industrial advantages, so as to expand? Business empire? Map, to create a more stable business value chain, to achieve longer-term sustainable growth.

It should be noted that this diagram has been properly simplified, and other factors (such as the leadership of the top leaders, the cooperative relationship between Wanda and banks and construction enterprises, and Wanda's risk management and control system) have not been fully exerted. At the same time, it does not involve potential influencing factors? In fact, any growth process will encounter various constraints, and Wanda is no exception.

For entrepreneurs, there are two core tasks: one is to design or find a business? Growth engine? To promote and maintain its effective operation and promote the growth of enterprises. Yang? ); The second is to foresee or identify the impact? Growth engine? Potential challenges and risks of operation (? Yin? ), take effective measures to eliminate or resolve its adverse effects, just as Zhouyi said:? One yin and one yang is the Tao? . In my opinion, this is the leadership of entrepreneurs.

Judging from the case of Wanda, Wang Jianlin has achieved these two points. This may also be the root cause of Wanda's success and the key to Wanda's future development.

Wanda event table acquires AMC.

On may 2, 2012 1 day, Dalian Wanda signed a merger and acquisition agreement with AMC, the second largest cinema group in the world. The total transaction amount of Wanda M&A is US$ 2.6 billion, including the purchase of 100% equity and the assumption of debts.

At the same time, after the merger, Wanda's investment does not exceed 500 million US dollars, and Wanda pays 3 1 100 million US dollars for this transaction.

The insiders believe that Wanda's acquisition of AMC is the biggest step taken by China entertainment industry to Hollywood and North America's overall film distribution market, and Wanda will become the first company in China to enter the American film distribution theater.

20 12 On September 4th (early morning of September 5th, Beijing time), China Dalian Wanda Group announced that it had completed the acquisition of AMC Entertainment Holding Company, the second largest cinema group in the United States, with a total amount of US$ 2.6 billion, making Wanda the world's largest cinema operator.

Wang Jianlin, chairman of Wanda Group, announced at a press conference held in an AMC cinema in West Los Angeles: I am very happy that Wanda has completed this acquisition, which marks a new page for Wanda to enter the international market. Jerry, CEO and Chairman of AMC? Lopez also said at the press conference that China is the fastest growing market in the world, and AMC can form a partnership with Wanda, which will build the world's leading cinema operation group.

According to the agreement reached by both parties, after the transaction is completed, Wanda will take over 4,865 screens (including 2 1, 7 1 3D screen and 124 IMAX giant screen) of 338 cinemas under AMC, and operate AMC as a wholly-owned subsidiary, and at the same time inject no more than 500 million US dollars into it every year. In addition, 65,438+07,000 employees of AMC continue to work in cinemas in 32 States in the United States. The company continued to hold the film festival as planned, and the company headquarters in Kansas City also remained.

On April 20 16, Maidian released the Report on Hotel Chain Development and Investment in China, and China Hotels Group ranked among the top 50 hotels in 201/kloc-0.

Rename event

Wanda Commercial Real Estate (Group) Co., Ltd. (00 169. Hong Kong, hereinafter referred to as? Wanda Commercial Real Estate? ) 20 14 on August 25th, the company was renamed as? Wanda hotel development co., ltd? . In the industry's view, the renaming may be related to the overseas hotel business of Wanda Commercial Real Estate, and Wanda Group also wants to clarify the positioning of its listed companies through renaming.

March into e-commerce

20 14 On August 27th, Wanda, Baidu and Tencent announced that they would jointly invest 5 billion yuan to set up a new e-commerce company. Wanda holds 70%, Tencent and Baidu each hold 15%. At the same time, in the cooperation of the three companies, Wanda plays a leading role in laying out O2O in the physical industrial chains such as wanda plaza, cinemas and hotels. Baidu and Tencent respectively contribute superior businesses and provide support in technology and other aspects.

20 14 On August 29th, Wanda, Tencent and Baidu jointly held a press conference in Shenzhen, officially announcing the establishment of an e-commerce company in Hong Kong. Wanda, Tencent and Baidu cooperated to open account system, membership system, payment and internet financial products, establish general points alliance, integrate big data, share Wifi***, integrate products and import traffic.

Dong Ce, CEO of Wanda E-commerce, said that Wanda E-commerce has built the largest universal points alliance platform in China. At the same time, Wanda, Baidu and Tencent established the Big Data Alliance.

Invest in quick money

Wanda announces quick money for strategic investment.

On February 26th, 2065438+0414, Wanda and the third-party payment company Kuaiqian jointly announced that they had reached a final agreement: Wanda Strategic Holdings Kuaiqian, and their businesses would cooperate closely.

Quick money and Wanda e-commerce have synergistic effects. In the future, quick money will become a payment platform for Wanda e-commerce. The consumption data accumulated by Kuaiqian for many years will provide important support for Wanda e-commerce to establish a large membership system and provide big data services.

All business segments of Wanda will use the fast money payment platform, and will introduce large-scale preferential measures for merchants and members to use fast money. Increase the transaction volume by hundreds of billions every year for quick money. Wanda will focus on quick money and build an ecological chain of Internet finance.

Shares in Atletico Madrid

On the morning of 2015,65438+10/2/kloc-0, China Wanda group held a signing ceremony with Atletico Madrid in Beijing. Wanda Group invested 45 million euros to formally acquire a 20% stake in Atletico Madrid and entered the board of directors of the club. This is the first time that China enterprises have invested in top European football clubs.

overseas investment

20 15,151On October 26th, Wanda Group said that it had acquired Alfred Building and the adjacent Fairfax House Building in Sydney, Australia, and planned to invest about 10 billion dollars to build a comprehensive landmark project. This is another major investment of Wanda Group in Australia after the Three Towers of Gold Coast Jewelry Project. The project acquired by Wanda is located at the circular pier in the core area of Sydney, which is the core area of Sydney. The project was named Sydney 1. The total construction area of the project is about 85,000 square meters, including super five-star Wanda Mandarin Hotel, apartments and businesses, of which Wanda Mandarin Hotel has a construction area of 20,000 square meters and rooms 160. The main building of the project is185m high and will become a new landmark in Sydney after completion.

M&A surplus

On the morning of February 15, Wanda Group held a press conference and officially announced the acquisition of Swiss Infront Sports Media Group for 105 billion euros. Wanda joined forces with three well-known institutions and Infront management to defeat 1 1 global competitors and successfully acquired 0/00% equity of Infront Sports Media Group, of which Wanda Group holds 68.2%. Wang Jianlin, Chairman of Wanda Group, attended the conference and answered questions about M&A on the spot.

Alliance Vanke

On may 4th, 20 15, Wanda and Vanke co., ltd announced the establishment of a strategic cooperation alliance. In the future, the cooperation between Vanke and Wanda will be mainly carried out in the form of joint land acquisition and cooperative development, that is, the residential part of Vanke's development project and the commercial part of Wanda's development project to achieve complementary advantages. The two sides indicated that they would discuss the possibility of cooperative development according to the project.

Stable profit 1

Wanda Internet Finance, jointly created by Wanda Group and Kuaiqian Company, was officially announced on June 8, 20 15. The two sides jointly launched the first domestic commercial real estate crowdfunding project? Are you sure you can earn 1? .

? Are you sure you can earn 1? On the basis of wanda plaza, the raised funds will be directly invested in the construction of wanda plaza, and investors will get the income right of these squares, and enjoy the double returns of store rent and property appreciation. It is estimated that the total annualized rate of return will reach more than 12%.

Lead the same journey

2065438+On July 3, 2005, Wanda Culture Group announced today that it has invested 3.58 billion yuan to lead the investment in Tongcheng Tourism, including Tencent Industrial Win Fund, CITIC Capital and other institutions to participate in this round of financing for Tongcheng Tourism. The total investment in Tongcheng Tourism has exceeded 6 billion yuan. Wang Jianlin, Chairman of Wanda Group, said: Investing in Tongcheng Tourism is Wanda's first investment in a travel network company, which is the need for Wanda's tourism industry to implement the internet plus strategy and realize its transformation. Wanda is the enterprise with the most tourism resources in China.

M&A of Iron Man in the World

2065438+On August 27th, 2005, Wanda Group acquired 0/00% equity of American Ironman World Company/KLOC for US$ 650 million (about RMB 465438+66 million), which is another major investment of Wanda Group in sports industry after Swiss Infront and Atletico Madrid. Wanda acquired the World Ironman Company, which made China own the property right of an international top-level event for the first time, and held the international triathlon in China in 20 16.

Cooperation Suning

On September 6, 20 15, Suning and Wanda announced a strategic cooperation. Suning Yundian will be located in the existing wanda plaza, and Wanda will also provide customized development of property resources for Suning.

The cooperation between Suning and Wanda does not involve capital operation or asset transaction. Suning expressed the hope that through the cooperation between retailers and real estate developers, it would explore the customization mode of offline stores. Although Suning also has its own real estate business, Yundian's presence in Wanda is complementary and has no conflict with Wanda Real Estate.

Sue the official account of WeChat.

2015165438+10/2, official account of wechat? Top entrepreneur thinking? Published in the name of Wang Jianlin? Wang Jianlin: Taobao is not dead, China is not rich, e-commerce is alive, and entity is dead. Does the Japanese son Masayoshi take advantage of the fisherman? The article was spread in the circle of WeChat friends. This article has been read a lot, which has caused extremely bad social influence.

165438+1October14th, Wanda group official website issued a statement: Wang Jianlin has never made any remarks related to this. This article uses Mr. Wang Jianlin's name falsely, which seriously misleads readers and infringes on Mr. Wang Jianlin's reputation. Wanda Group will take legal measures to safeguard its rights and interests.

1 16 10 16 in the morning, Wanda group published false information on the official account of wechat in the name of Wang Jianlin, chairman of Wanda group, and formally filed a lawsuit with the Beijing court. Top entrepreneur thinking? The official account of WeChat WeChat claims RMB 6,543,800+million, asking it to publicly apologize to eliminate the influence. At the same time, Wanda Group has reported to the National Network Information Office? Top entrepreneur thinking? Wechat official account infringement.

165438+ 10/6,? Top entrepreneur thinking? The official account of WeChat issued a letter "Sincerely apologizing to Chairman Wang Jianlin".

Cooperation makes life better.

On February 28th, 2065438+05, 2065438+05, BBK Group and Wanda Group held a strategic cooperation signing ceremony in Changsha. Wanda Group's wanda plaza and Wanda Cinema have developed in-depth cooperation with BBK's supermarkets and commercial projects respectively.

Acquisition of Legendary Pictures

20 16 65438+ 10/0/2. Wanda group announced that it would acquire Legendary Pictures company of the United States in cash of no more than $3.5 billion.

Wang Jianlin said that the acquisition has been negotiated for two years. He believes that the merger and acquisition of Legendary Pictures can increase the synergy of Wanda's cultural business and increase Wanda's voice in the global film industry.

Cooperative haryana

20 16 1 month, Wanda signed a memorandum of cooperation with Haryana, India, and planned to invest 10 billion dollars to build Wanda Industrial New City in Haryana, aiming at building a world-class comprehensive industrial park.

The first phase of the project covers an area of about 6.5438+0.3 million square kilometers. It is planned to introduce software, automobile, machinery, medical care and other industries, and at the same time plan to build Wanda Cultural Tourism City and new residential areas. The total investment of the first phase project is estimated to be about 654.38+000 billion US dollars. Wanda will mainly invest in early infrastructure, and other industries, tourism and housing will attract investment from enterprises from all over the world, especially from China. Construction is planned to start on 2065.438+06.

Haryana and Wanda will form a management committee to introduce the management mode of China Special Economic Zone to investors? One stop? Service.

commercial plan

On February 4th, 20 16, Wanda decided to sell the Spanish mansion in Madrid, which was bought in Spain in 20 14 for 265 million euros (about 2.2 billion yuan), and abandoned the plan to transform the building into a commercial center and luxury hotel.

With the support of the Madrid Historical and Cultural Heritage Committee, the Madrid municipal government rejected Wanda Group's plan to demolish and rebuild the main facade of the Spanish building. Wanda's original intention is to transform the Spanish building into a luxury hotel integrating office and business district. This attitude of the Madrid government made Wanda Group give up the idea of continuing to rebuild this landmark building in Madrid six months ago. 20 16, 1 In June, Wanda Group commissioned a tender to sell the Spanish building with a height of 1 17 meters, and four enterprises in the industry participated in the bidding. In the end, Jones Lang LaSalle won. Baraka Holding Company, a Spanish company, reached an agreement with China Wanda Group to take over the Spanish Building, a landmark building in Madrid, at a price of 265 million euros, which was the same as that when Wanda Group acquired it from Spanish International Bank in 20 14.

Buy a cinema

On March 4th, 20 16, AMC Entertainment, a subsidiary of Wanda, will acquire Carmike Cinemas, an American film chain company, for 1 1 billion dollars, becoming the largest film chain company in the world. However, Wanda has not yet responded to this matter.

2065438+On July 12, 2006, American AMC Cinema under Wanda Group announced that it would acquire the largest cinema in Europe at a price of 92 1 100 million? Odeen & UCI Cinema.

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