The Wanda Group is a Chinese multinational conglomerate based in Beijing. It is a private property developer and owner of the Australian Hoyts Group, as well as a majority shareholder of the American AMC Theatres.
On December 13, Yan’an city’s municipal government and Wanda Group signed an agreement in Beijing. Wanda will build a red themed town in Yan’an – Yan’an Wanda Town.
Yan’an is a city in China’s northwestern Shaanxi Province. From late 1935 to early 1947, it was the center of the Chinese Communist revolution. Chinese communists celebrate Yan’an as the birthplace of the revolution.
The project has a total investment of 12 billion yuan (US$ 1.74 billion). It is said to integrate patriotism education, tourism, the holiday, and an intangible cultural heritage experience. The town will consist of red themed blocks, a red themed indoor park, a red themed theater, and a resort hotel group. Yan’an Wanda Town plans to start digging in the first quarter of 2019 and be open to the public in the first half of 2021. Wanda said that the project will serve as a gift for Yan’an to celebrate the one-hundredth anniversary of the Chinese Communist Party.
Wang Jianlin, chairman of Wanda Group, said that the Wanda Group will carry forward Yan’an’s spirit with a sense of historical mission and social responsibility, and will make Yan’an Wanda Town a new national red tourism brand.
Source: The Paper, December 13, 2018