Magazine article Screen International

Wanda Chairman Teases UK Investment to Create 10,000 Jobs

Magazine article Screen International

Wanda Chairman Teases UK Investment to Create 10,000 Jobs

Article excerpt

The chairman of Chinese entertainment and property giant Dalian Wanda Group Co, Wang Jianlin, has hinted that the company is in talks on a "comprehensive" project that would create 10,000 jobs in the UK's entertainment sector.

As reported by Bloomberg, Wang, reportedly the richest man in China with a net worth of $30bn, made the claim while addressing students at Oxford University yesterday.

Wang revealed that the company is looking to establish its European headquarters in the UK as it looks to invest further in the continent, adding that Wanda will announce a "major deal" in Europe on Friday, though he provided little detail beyond the fact that the deal would be outside of the UK.

Previously, Wanda, which is the world's largest cinema chain operator, also owning America's AMC Theatres and Australia's Hoyts, revealed that it is planning five major acquisitions in 2016, three of them outside of China. …

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