China: Billionaire Wang Bets $15b on Hunan’s Wanda City, Malls

China: Billionaire Wang Bets $15b on Hunan’s Wanda City, Malls

Dalian Wanda Group's Wanda Plaza building is pictured in Beijing, China, May 17, 2016. REUTERS/Kim Kyung-Hoon/File Photo

Dalian Wanda Group Co. is investing 100 billion yuan ($14.7 billion) to build a theme park complex and series of commercial centers in China’s central Hunan province, as its chairman Wang Jianlin targets to surpass Walt Disney Co. to build the world’s largest tourism company by 2020.

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