Wang Jianlin, Chairman of the Wanda Group, said on Sunday that Wanda will increase its investment in cultural and tourism industries, which will sharpen the company’s competitive edge in the coming 10 years.

In an interview with CCTV, he said Wanda’s revenue from cultural industries will hit 20 billion yuan this year, making the company China’s No.1 cultural enterprise.

He said Wanda will double its annual revenue from cultural industries in 5 years and will become one of the world’s top 50 companies engaged in cultural industries.

(Editor: Guan Xiaofeng)