Wang to build US$3.3bil French theme park

Super rich: For Wanda, which runs theme parks across China, movie theatre chains in the United States and a soccer club in Spain, the move represents a renewed overseas push, underscoring Wang’s increasingly global ambitions. — Bloomberg

BEIJING: A partnership led by by Chinese billionaire Wang Jianlin’s Dalian Wanda Group Co plans to invest more than three billion euros (US$3.3bil) in a retail and leisure development project outside of Paris, taking on Walt Disney Co in the eurozone’s second largest economy.

EuropaCity will be built 10 kilometers (6.2 miles) northeast of Paris. It will be the biggest single investment project in Europe to date, including a theme park, show stage, hotel, retail stores and conference centers, the company said in a statement.