Wanda Group tops 2014 China Global Company List
Oct 13,2014
China Entrepreneur Magazine recently compiled and published a list of China's most global companies in 2014. Wanda Group unanimously topped this year's list following its successful execution of numerous cross-border acquisitions as well as the rapid pace which the company expanded its business overseas.
The magazine's China Entrepreneur Business School analyzed and compiled data from 650 cross-border acquisitions carried out by Chinese companies from 2013-2014. At the same time, the study took into consideration key indicators such as property investment, establishment of overseas R&D centers, total assets, total revenue and workforce size from Chinese companies on the Fortune 500 List and China Top 500 Enterprises List, eventually selecting a total of 106 candidates. Academic specialists from different research institutes, universities and international organizations then analyzed all candidates to select a final list of 20 companies.
After purchasing America's second largest cinema chain AMC Theatres for $2.6 billion in 2012, the company acquired UK-based yacht maker Sunseeker International for £320 million in 2013 and launched billions of dollars worth of property deals.
Finishing behi🌸nd Wan🏅da Group in that order was Huawei Technologies, Lenovo Group, Tencent Holdings, Alibaba Group and Fosun Group.