ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Dalian Wanda returns to growth, opening new shopping malls

Chinese developer shrugs off debts with bet on property, cinema business

Dalian Wanda opened a new wing at its Wanda Plaza commercial complex in Shanghai in late September, as it looks to grow its way out of debt. (Photo by Shin Watanabe)

DALIAN -- Heavily indebted commercial property developer Dalian Wanda Group is again growing its two main business: building huge malls to satisfy the wants of Chinese shoppers, and keeping them entertained in shiny new movie theaters.

The conglomerate has opened a string of commercial complexes and cinemas to take advantage of rebounding consumption in China. After a crackdown by authorities led it into financial difficulties, the company, also known as Dalian Wanda, sold off asset sales and cut its debts. Now it is again expanding aggressively. But its debt level remains high and the strategy carries a risk.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more