Founded in 1988 and restructured into a joint-stock Limited company in 1992, Dalian Wanda Group, one of the earliest joint stock enterprises in the Northeast. Through 19 years of development, nowadays Wanda Group has been developed into a large business conglomerate with commercial real estate, residential real estate, culture industry and grand hotels as four major pillar industries, with the total assets of over RMB 30 billion Yuan, the sales volume of over RMB 20 billion Yuan and the annual tax payment over one billion. Until the end of 2006, the area of lease properties (including those already put into use and those under construction) was about 4,200,000㎡. In 2006, the total development capability of Wanda Group has exceeded 4,000,000㎡, and it becomes one of the largest real estate enterprises in China. The short-term goal of Wanda Group is becoming the leading enterprise of Chinese private enterprise, with the total asset of over 50 billion Yuan, the sale volume of over 30 billion Yuan, the annual profit over 4 billion Yuan, and the annual tax payment over 3 billion Yuan in the year 2010.