The sun seems to be setting on Wang Jianlin’s dream of making the Wanda Group a global entertainment brand now that the property developer-cum-conglomerate has given up entirely on its Chinese theme park business.
In late October, and only a month after it had reduced its ownership of AMC Entertainment Holdings, the world’s biggest cinema chain, Wanda sold off the branding rights and remaining ownership of its Wanda Culture Travel Innovation subsidiary.
The sale was an embarrassing comedown for Wang, formerly China’s richest man. In 2013, the groundbreaking ceremony at one of its theme parks...
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