Wanda Group holds enlarged meeting for board of directors

Wanda Group held an enlarged meeting for board of directors at its headquarters in Beijing on May 4. Chairman Wang Jianlin made a keynote speech during the meeting about Wanda's strategic targets for 2020 and the group's transformation.
Executives at the Group Vice President level and above, as well as General Managers attended the meeting.
Wang Jianlin set the following five-year targets for Wanda Group at the meeting: By 2020, the Group's asset and market value will both reach $200 billion, while the revenue and net profit will hit $100 billion and $10 billion respectively.
Regarding Wanda's transformation, Wang noted that Wanda would transit from an asset-heavy model to an asset-light model, while further expanding its culture business, developing internet finance, and accelerating its growth overseas. Wang also called for integrating "internet thinking" into daily work.