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Dalian Wanda to Build $9.5B Tourism Complex in China

Aug 27, 2016 06:05 PM EDT

Dalian Wanda Group, which is owned by China's richest man Wang Jianlin, signed a non-bidding framework agreement with local officials to establish a culture and tourism complex equipped with hotels and a theme park worth 63 billion yuan ($9.5 billion) in the northeastern city of Jinan, Shandong Province, the company announced on Friday.

Tourists watch a parade at Shanghai Disney Resort on June 16, 2016 in Shanghai, China.

Shanghai Disneyland Registers Nearly a Million Visitors in its First Month

Manthan Chheda |

Jul 15, 2016 05:27 AM EDT

Disney's newest attraction, the Shanghai Disneyland Park, has already registered close to a million visitors, according to Disney Chief Executive Officer Robert Iger.