Wanda Cinema Line awarded as outstanding retailer
Wanda Cinema Line was awarded the title of “2012-2013 Outstanding Retailer of China’s Shopping Centers” at the Retailing, Finance and Commercial Property Summit held in Kunshan, Jiangsu Province on June 1.
The summit was jointly organized by the Professional Committee of Shopping Center of China Council of Shopping Centers, Commercial and Tourism Real Estate Professional Committee of China Real Estate Association and Commercial Property Channel of Sina Website.
The summit issued the awards to outstanding performers of each industry.
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About Wanda Group:
The Dalian Wanda Group was founded in 1988 and operates in four major industries, including commercial properties, luxury hotels, culture & tourism, and department store chain. The company has assets of 300 billion yuan ($48 billion) and an annual income of 141.7 billion yuan ($23 billion), and pays 20.2 billion yuan ($3.2 billion) in taxes every year. The company now operates 69 Wanda Plazas, 38 five-star hotels, 6,000 cinema screens, 57 department stores and 63 karaoke outlets across the country. By 2015, the company aims to increase its assets to 400 billion yuan ($64.8 billion) and annual income to 250 billion yuan ($40.5 billion), and pay 30 billion yuan ($4.8 billion) in taxes every year, becoming a world-class enterprise.