Entertainment parks are becoming big business in China, but there are at least three players trying to come the Disney of China, including Disney itself. Who will be the real Disney of China, wonders Beida business professor Jeffrey Towson on his weblog.
Category Archives: Wanda
Gaining soft power is not an exclusive issue for China’s government. Jacky Chan and Wanda might be equally important for how the world sees China, says branding expert Ben Cavender to the South China Morning Post.
Tencent, Alibaba and Wanda are trying to gain dominance in the entertainment sector. Getting hold of the distribution is one of the key points the winner needs to get right, says Beida business professor Jeffrey Towson on his weblog.
Ten years ago it seemed an unlikely scenario: Chinese film makers overtaking the Hollywood moguls. But times are changing, writes Peking University business professor Jeffrey Towson, co-author of The One Hour China Book in LA Times. Both numbers of movies and their quality have reached amazing heights.
The battle between Wanda and Disney got a new twist as the Chinese company hired Andrew Kam, former managing director of Disneyland Hong Kong. A smart move, says retail analyst Ben Cavender in the China Daily.
Famous wealthy Chinese like Wang Jianlin and Jack Ma are still up and running, but a new wave of billionaires is moving up in the ranks of the annual Hurun China rich list, says its founder, Rupert Hoogewerf to Reuters. “Today it is about using the capital markets for financial investment,” he says, like Baoneng’s Yao Zhenhua.
The surprise alliance between makes perfect sense, says retail analyst Ben Cavender to Reuters. Sony gets more access to the huge Chinese movie market, and Wanda to Hollywood. And we might expect more tie-up between Chinese companies and global players.
This year the Chinese outnumbered the American billionaires, but by 2020 they will replace the top spots at the global rich list, says China Rich List founder Rupert Hoogewerf in the People´s Daily. Hoogewerf predicts Jack Ma, founder and CEO of China’s E-commerce giant Alibabagroup will overtake Wang Jianlin, the property tycoon, as the wealthiest person on the Chinese mainland.
WSJ wealth editor Wei Gu looks at the Chinese movie industry, and sees they are doing well. Wanda founder Wang Jianlin started to sell shares of his Legendary Entertainment to local investors to strengthen his cash position, but that is not a sign he is in trouble, she writes in the Wall Street Journal.