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Chinese Billionaire Wang Jianlin Plans a Breakaway League to Rival UEFA Champions League

Jul 11, 2016 11:03 AM EDT

China's richest man Wang Jianlin is backing plans to launch a European football league to compete against the UEFA Champions League, the annual football competition played by top-division European clubs.

China’s Wanda Group Inks Deal With International Basketball Federation (FIBA)

Girish Shetti |

Jun 16, 2016 09:44 AM EDT

Chinese real estate and entertainment conglomerate Dalian Wanda Group has signed a marketing agreement with International Basketball Federation (FIBA), the governing body of international basketball.

'Warcraft' Breaking China's Box Office Records

Jonnalyn Cortez |

Jun 10, 2016 01:22 PM EDT

Warcraft is making waves in the Chinese movie industry; the film broke box office records earning 300.4 million Yuan ($61.7 million) in ticket sales during the opening day.

Wang Jianlin Opened a New Theme Park in China

Wanda Intensifies War With Disney: Opens New Park

Rina S. |

May 29, 2016 10:17 AM EDT

Chinese business tycoon Wang Jianlin inaugurated a new "Wanda City" in Nanchang on Saturday, signaling corporate war with Disney. The theme park features rides, an aquarium and shopping centers. The city is said to have cost more than $3 billion. A statement released by the group claims that the park has "the highest and longest roller coaster and the highest drop tower in China."

To Compete With Disney, Wanda Opens its First Outdoor Theme Park in Jiangxi Province

Girish Shetti |

May 26, 2016 09:10 AM EDT

Wanda Group is set to open its first outdoor theme park dubbed "Nanchang Wanda City" in Jiangxi province on Saturday. The opening of Wanda Group's ambitious outdoor theme park is perfectly timed ahead of the inauguration of the much-anticipated Disney Resort in Shanghai.

Wang Jianlin is Ready to Compete With Disney in China

Rina S. |

May 25, 2016 10:49 AM EDT

Billionaire Chinese tycoon Wang Jianlin has unveiled his plans to build a competing park to give stiff competition to the new Disneyland theme park in Shanghai. Disney will inaugurate its first theme park in mainland China on June 16 this year. Jianlin's Dalian Wanda Group also engages in the theme park business.

Hacker Apparently Leaks Personal Data of China's Elite

Rina S. |

May 14, 2016 11:52 AM EDT

A hacker has reportedly leaked personal data of a vast number of China's political figures and business magnets on an anonymous Twitter account. The data includes the birth dates, addresses, marital status and national identification numbers of various prominent personalities. The authenticity of the leaked information is yet to be verified.

AMC offers Carmike Cinemas a $1.1 billion deal

AMC Proposes $1.1 Billion Cash Deal to Acquire Carmike Cinemas

Charissa Echavez |

Mar 05, 2016 05:01 PM EST

AMC Entertainment Holdings Inc. has proposed to acquire rival Carmike Cinemas in a cash deal worth $1.1 billion. The deal would make Asia's richest man Wang Jianlin the biggest theater operator across the United States.

Beijing ousted New York City with the number of billionaires

Beijing is Home to More Billionaires Than New York City

Charissa Echavez |

Feb 29, 2016 12:33 PM EST

China's capital city Beijing has dethroned the United States' New York City as the city with the largest number of billionaires for the first time in history, according to China-based firm Hurun.

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