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Business

The dangerous double game of Dalian Wanda's Wang Jianlin

China's top tycoon may now have too many enemies

| China
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Wang Jianlin, chairman of the Wanda Group, attends the second China Sport Industry Forum in Beijing on Dec. 4.   © Reuters

Wang Jianlin, the chairman of Dalian Wanda Group widely described in American media as China's richest man, has made no secret of his intention to invest in all six of Hollywood's major film studios with the goal of acquiring at least one.

He already owns the largest cinema chains in China and the U.S., his reach having expanded with last month's absorption of Carmike Cinemas into AMC Entertainment, which he bought in 2012. Wang last year also bought mid-sized studio Legendary Entertainment, known for a number of recent big-budget blockbusters, and announced a $1 billion deal to buy Dick Clark Productions, producer of the Golden Globes and other awards shows.

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