Wanda Group has released more information about its 20 billion yuan ($2.9 billion) investment in a cultural tourism project, which includes theme parks.
The company has signed a comprehensive strategic cooperation agreement with Chaozhou Municipal Government to cooperate on projects in culture, tourism, sports, film, TV, exhibition, and performing arts.
In an announcement last week, Wanda confirmed that it will invest in the project in China’s Chaozhou, which will feature theme parks and hotels.
Wanda Group will invest in ‘Five Ones’ projects in Chaozhou to forge a new brand for the city in collaboration with the municipal government.
The cultural tourism project includes cultural blocks, a kids’ park, e-sports and e-music parks, a navigation park, and resort hotel group.
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