Dalian Wanda Group was founded in 1988. The company has three divisions - Wanda Commercial Properties, Wanda Cultural Industry Group and Wanda Financial Group. Wanda Commercial Properties owns almost 300 million square feet of property including 84 hotels, making them the largest property owner in China. Wanda Cultural Industry Group is divided into four companies - film holdings, sports holdings, tourism holdings and children's entertainment. By 2020, Wanda Cultural Industry Group aims to be ranked among the top five cultural companies in the world in terms of revenue.Wanda Financial Group is an internet finance, insurance and investment company.

Dalian Wanda Group's chairman, Wang Jianlin is China's richest man and the first Chinese man to crack the top 20 of Forbes' Billionaires list. Wang made his first fortune building shopping centers for China’s rising middle class, and successively built up Dalian Wanda into a real estate conglomerate.