ICSC announced that Wang Jianlin, chairman of the board and president of the Wanda Group, will deliver a presentation on the state of the global market at the ICSC Retail Real Estate Summit in Shanghai, taking place September 11 through 14.
Dalian Wanda Group was founded in 1988 and operates in five major industries, including commercial real estate, luxury hotels, tourism investment, entertainment venues and department stores. The company has assets valued at $31 billion and an annual income of $17 billion. Its portfolio includes 49 Wanda Plazas, 28 five-star hotels, 726 cinema screens, 40 department stores and 45 karaoke centers located throughout China.
What’s more, with the completion of its recent acquisition of U.S.-based movie theater chain AMC, the Wanda Group has become the world’s largest movie theater operator.
“We are honored to have Mr. Wang Jianlin’s participation in the World Summit,” said ICSC President and CEO Michael P. Kercheval in a statement. “As chairman of the Wanda Group of Beijing, one of China's - and the world's - largest real estate developers and retailers, he is one of a rare few individuals who can speak with authority on the future of the world’s economy. Mr. Wang Jianlin’s track record of success is unmatched, and his commitment to join us in Shanghai speaks volumes as to the importance of the World Summit – on a multinational scale.”
The World Summit agenda is designed to educate attendees on strategies and proven tactics to realize growth in an uncertain economy. Attendees will hear firsthand from retailers who are leading the globalization of retail by crossing borders and successfully broadening their brands.