Dalian Wanda to invest $14.7 bn in tourism, mall projects
Chinese conglomerate Dalian Wanda Group on Friday said that it will increase its investment in the southern province of Hunan by $14.69 billion to build a cultural and tourism project and 15 shopping malls. Notably, this will be part of billionaire Chairman Wang Jianlin’s target to surpass Walt Disney to build the world’s largest tourism company by 2020.