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Variety

Wanda’s Wang Jianlin Unveils $8 Billion Qingdao Studio, Vows to Not Compete With Hollywood

Wang Jianlin, the chairman of China’s Dalian Wanda Group, unveiled plans for a massive $8.2 billion production facility in Qingdao at a gala event on Monday night. Wang also detailed a plan to incentivize production at the sprawling studio complex by rebating up to 40% of a production’s costs. The rebate — first reported by… Read more »

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