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.